550 Prospect Place, Brooklyn
Apartment building · 41 units · built 2020 · Block 1163, Lot 23.
Building permits
- Alteration, filed Aug 3, 2020, estimated cost $10K, described as “Installation of sidewalk shed and pipe scaffold , roof protection as per plans. Sidewalk shed live load will be 300 psf, all equipment shall comply with chapter #33 of the 2014 code no change to use, egress or occupancy.”
- Alteration, filed Feb 27, 2020, estimated cost $190, described as “Curb cut filed in conjunction with NB job #321593432”
- Alteration, filed Dec 20, 2019, estimated cost $160, described as “Construction fence file in conjunction with NB job #321593432”
- Alteration, filed Nov 23, 2019, estimated cost $266K, described as “Installation of sprinkler and standpipe system in conjunction with new building application #321593432. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $5,092,650
- 2026–27 tax
- $31,469
- Market value (city estimate)
- $11,317,000
- Taxable value
- $252,990
- Assessed land
- $387,000
- Assessed improvements
- $4,705,650
Tax breaks
- 421-a exemption, through Jun 30, 2057, about $602,005 a year below the full tax.
Zoning
R6A: floor area ratio 5.90 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 27, 2018: $6,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Affordable Housing Lottery Launches for 550 Prospect Place in Crown Heights, Brooklyn, New York YIMBY, Jul 21, 2021.