Returned Equity

349 E 56th St, Brooklyn, NY 11203

Public records show this home is assessed 12% above what it sold for. Owners can appeal an assessment that is above market value.

Sold April 2026$740,000
Assessed at$832,000
Above the sale price12%
Est. saving / year~$1,104

The saving assumes the assessment is cut to the sale price.

How to appeal in Brooklyn

NYC publishes the tentative 2028 assessment roll in January 2027. Owners of 1-3 family homes can apply to the NYC Tax Commission, usually by March 1. Class 1 assessment caps can limit how much a lower market value cuts the bill. Official appeal page.

Parcel 3-4741-66. Sale: arm's-length, April 2026. Figures come from public assessment and sales records and may be out of date; the assessor may weigh condition, renovation and other factors, and an appeal can be denied. This is not legal or tax advice.

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