# 448 Park Avenue, Brooklyn

Apartment building · 5 units · built 2025 · Block 1898, Lot 38.

On Umarelli: https://umarelli.org/nyc/3018980038/448-park-avenue

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

## Building permits

- New Building — Multi-Family, filed Oct 14, 2024, 6 units, 6 stories, described as “Dev hub consultation completed on 10/8 please have it assigned to dev hub - PROPOSING NEW 6 STORY BUILDING”
- Alteration, filed Dec 3, 2025, described as “Installation of temporary pipe & system scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 14, 2025, described as “Installation of temporary engineered enclosure system as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 13, 2025, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 5, 2025, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 17, 2025, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $132,750
- 2026–27 tax: $13,723
- Market value (city estimate): $295,000
- Taxable value: $110,322
- Assessed land: $132,750

## Zoning

M1-4/R6A: floor area ratio 3.70 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 8, 2024: $4,825,000, sold with other lots

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

- 446-448 Park Avenue Rezoning (City Planning 2019K0406): Zoning map change, Zoning text change, Completed, filed Mar 23, 2021, decided Feb 2, 2023. A zoning map amendment from an M1-1 district to an M1-4/R6A (MX-4) district and a zoning text amendment to create a new Mandatory Inclusionary Housing Area (ZR Appendix F) to facilitate a new six-story residential building, including 11…
- Variance or special permit (Board of Standards and Appeals 2017-233-BZ): Variance or special permit, Withdrawn, filed Aug 8, 2017, decided Jan 14, 2020. Variance (§72-21) to allow for the development of six-story plus cellar (UG 2) residential building contrary to ZR §42-10. M1-1 zoning district.

## In the news

[Permits Filed for 448 Park Avenue in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2025/03/permits-filed-for-448-park-avenue-in-bed-stuy-brooklyn.html), New York YIMBY, Mar 9, 2025.

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