# 585 Albany Avenue, Brooklyn

Condominium · 19 units · built 2022 · Block 4805, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3048057502/585-albany-avenue

More construction in Flatbush: https://umarelli.org/nyc/brooklyn/flatbush.md

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $4,001,853
- 2026–27 tax: $361,380
- Market value (city estimate): $8,892,993
- Taxable value: $3,831,053
- Assessed land: $451,359
- Assessed improvements: $3,550,494
- Condo units with their own tax lots: 39

## Zoning

R6: floor area ratio 3.69 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Aug 14, 2025: $640,000, Apt 302
- Aug 13, 2025: $995,000, Apt P12, sold with other lots
- Aug 13, 2025: $1,165,000, Apt 305
- Aug 12, 2025: $651,680, Apt 303
- Aug 5, 2025: $926,608, Apt 403
- Jul 9, 2025: $1,170,000, Apt 402
- Jun 30, 2025: $995,000, Apt 602
- May 30, 2025: $925,000, Apt P05, sold with other lots
- Dec 31, 2024: $661,863, Apt 202
- Dec 17, 2024: $650,000, Apt 203

The 10 most recent of 14 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 583 Albany Avenue in East Flatbush, Brooklyn](https://newyorkyimby.com/2020/03/permits-filed-for-583-albany-avenue-in-east-flatbush-brooklyn.html), New York YIMBY, Mar 9, 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