# 499 Pennsylvania Avenue, Brooklyn

Apartment building · 9 units · built 2023 · Block 3806, Lot 5.

On Umarelli: https://umarelli.org/nyc/3038060005/499-pennsylvania-avenue

More construction in East New York: https://umarelli.org/nyc/brooklyn/east-new-york.md

## 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.

## 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.

## Flood zone

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

## In the news

[Permits Filed for 499 Pennsylvania Avenue in East New York, Brooklyn](https://newyorkyimby.com/2023/06/permits-filed-for-499-pennsylvania-avenue-in-east-new-york-brooklyn.html), New York YIMBY, Jun 25, 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