499 Pennsylvania Avenue, Brooklyn
Apartment building · 9 units · built 2023 · Block 3806, Lot 5.
Building permits
- New Building — Multi-Family, filed Apr 27, 2022, estimated cost $731K, 9 units, 4 stories, described as “Proposed 4 story and penthouse residential building”
- Alteration, filed Aug 17, 2023, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 16, 2023, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $628,650
- 2026–27 tax
- $12,348
- Market value (city estimate)
- $1,397,000
- Taxable value
- $99,270
- Assessed land
- $94,050
- Assessed improvements
- $534,600
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $65,850 a year below the full tax.
Zoning
R6: floor area ratio 3.60 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.
Recent sales
- Jun 9, 2022: $550,000
- Aug 23, 2016: $300,000
- Aug 23, 2016: $330,040
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 499 Pennsylvania Avenue in East New York, Brooklyn, New York YIMBY, Jun 25, 2023.