# 531 Classon Avenue, Brooklyn

Condominium · 8 units · built 2021 · Block 1994, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3019947501/531-classon-avenue

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

## Building permits

- Alteration, filed Mar 3, 2022, estimated cost $3K, described as “Installation of heavy duty sidewalk shed during NB const, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed May 30, 2021, estimated cost $9K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 per square feet. Sidewalk shed shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed May 27, 2020, estimated cost $5K, described as “8 Foot High Construction Fence”
- Alteration, filed Apr 22, 2020, estimated cost $1K, described as “Installation of sprinkler system as per NB # 322072519”
- Alteration, filed Apr 22, 2020, estimated cost $1K, described as “Plumbing work in relation to NB # 322072519”
- Alteration, filed Apr 21, 2020, estimated cost $1K, described as “Structural file in conjunction to NB job # 322072519”
- Alteration, filed Apr 20, 2020, estimated cost $1K, described as “Mechanical work in conjunction with NB job # 322072519”

## Property taxes

- Assessment: $941,400
- 2026–27 tax: $90,834
- Market value (city estimate): $2,092,000
- Taxable value: $785,468
- Assessed land: $126,000
- Assessed improvements: $815,400
- Condo units with their own tax lots: 8

## Tax breaks

- Co-op and condo abatement, with no end date, a $6,870 credit this tax year.

## Zoning

R6B: floor area ratio 2.32 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Aug 29, 2024: $1,216,809, Apt 1B
- Aug 12, 2024: $967,338, Apt 4A, sold with other lots
- Jul 26, 2024: $1,318,634, Apt 3A
- Jul 23, 2024: $824,783, Apt 3B
- Jul 22, 2024: $865,513, Apt 2B
- Jul 16, 2024: $1,221,900, Apt 2A
- Jun 28, 2024: $1,680,113, Apt 1A

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

[Permits Filed for 531 Classon Avenue in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2020/03/permits-filed-for-531-classon-avenue-in-bed-stuy-brooklyn.html), New York YIMBY, Mar 19, 2020.

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