# 1559 Prospect Place, Brooklyn

Condominium · 45 units · built 2022 · Block 1363, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3013637501/1559-prospect-place

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

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $3,388,950
- Market value (city estimate): $7,531,000
- Taxable value: $0
- Assessed land: $440,550
- Assessed improvements: $2,948,400
- Condo units with their own tax lots: 2

## Tax breaks

- 420-c exemption, through Jun 30, 2083, about $421,551 a year below the full tax.

## Zoning

R6: floor area ratio 3.17 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

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

## In the news

[Housing Lottery Launches for 1559 Prospect Place in Crown Heights, Brooklyn](https://newyorkyimby.com/2024/08/housing-lottery-launches-for-1559-prospect-place-in-crown-heights-brooklyn.html), New York YIMBY, Aug 31, 2024.

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