# 488 Marcus Garvey Blvd, Brooklyn

Apartment building · 18 units · built 2022 · Block 1859, Lot 29.

On Umarelli: https://umarelli.org/nyc/3018590029/488-marcus-garvey-blvd

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

## Building permits

- Alteration, filed Dec 6, 2022, estimated cost $2K, described as “Installation of needle beam as per plans. Needle beam shall comply with chapter #33 of the NYC code, no change in use, egress or occupancy under this application.”
- Alteration, filed Oct 3, 2022, estimated cost $10K, described as “Installation of pipe scaffolding as per plans. All equipment shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Apr 13, 2021, estimated cost $5K, described as “Installation of sidewalk shed as per plans. Sidewalk shed live load will be 300 psf shall comply with chapter #33 of the 2014 code, no change to use, egress or occupancy.”
- Alteration, filed May 13, 2019, estimated cost $2K, described as “8' plywood construction fence”

## Property taxes

- Assessment: $1,260,000
- 2026–27 tax: $17,084
- Market value (city estimate): $2,800,000
- Taxable value: $137,340
- Assessed land: $100,350
- Assessed improvements: $1,159,650

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $139,648 a year below the full tax.

## Zoning

R6A (part of the lot is R7D): floor area ratio 6.03 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Feb 6, 2019: $2,350,000

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

## Flood zone

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

## In the news

[Housing Lottery Launches for 488 Marcus Garvey Boulevard in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2023/12/housing-lottery-launches-for-488-marcus-garvey-boulevard-in-bed-stuy-brooklyn.html), New York YIMBY, Dec 12, 2023.

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