# 491 Park Place, Brooklyn

Condominium · 8 units · built c. 1930 · Block 1162, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3011627502/491-park-place

More construction in Crown Heights: https://umarelli.org/nyc/brooklyn/crown-heights.md

Every lot on block 1162: https://umarelli.org/nyc/brooklyn/1162.md

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $599,401
- 2026–27 tax: $19,889
- Market value (city estimate): $1,332,001
- Taxable value: $179,366
- Assessed land: $23,401
- Assessed improvements: $576,000
- Condo units with their own tax lots: 8

## Tax breaks

- Co-op and condo abatement, with no end date, a $2,422 credit this tax year.

## Zoning

R6B: floor area ratio 1.61 built, 2.00 allowed by base zoning.

## Recent sales

- Feb 7, 2025: $780,000, Apt 1R
- Jan 8, 2021: $520,000, Apt 3F
- Nov 5, 2020: $590,000, Apt 3R
- Sep 20, 2019: $530,000, Apt 4F
- May 6, 2019: $525,000, Apt 1F
- Dec 19, 2018: $653,000, Apt 4F
- Mar 30, 2018: $478,000, Apt 2R

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 495 AND 491 PARK PLACE (City Planning P1984K0071): Completed, decided Dec 15, 1983. DISPOSITION OF CITY-OWNED PROPERTY, 2 PARCELS

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology