New York City » 11201 » Jay St » 387 Jay St

387 Jay Street, Brooklyn, NY 11201 - Property report

Also known as: 387 Jay St

Property image for 387 Jay Street, Brooklyn, NY 11201

Property type

Predominant Retail with Other Uses (K4)

Year built

1920

Lot sq. ft.

1,150

Sale price

$14,500,000

General information

Address

Primary address

387 Jay Street

ZIP code

11201

Neighborhood

Downtown Brooklyn

Borough

Brooklyn

Block & lot

00151-0020

Building

Property type

Predominant Retail with Other Uses (K4)

Building sq. ft.

2,650

Building dimensions

20 ft x 58 ft

Buildings on lot

Stories

Year built

1920

Last altered

1980

Building material

Sales

Sale date

09/10/2025

Sale price

$14,500,000 - M

Tax

Tax year

2026-2027

Property tax

$35,880

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

20 ft x 57.5 ft

Lot sq. ft.

1,150

Area overview

Walk score

100 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

91 /100. Biker's Paradise

School district

Community district

Closest police station

0.30 Miles

Closest fire station

0.39 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 387 Jay Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 387 Jay Street, Brooklyn, NY 11201

Sale date	Sale price	Buyer name	Seller name
09/10/2025	$14,500,000	XXX XXX XXX	XXXXXX XXXXXX XXX XXX XXXXXXXX XXXXXX XX. , XXX.
04/15/2013	$300,000	XXXXX XXXXXX XXXXXXXXXX XXXXX XXXXX XXXX XXX XXXXXXX XXXXXX XXXXXXXXXX XXXXX XXXXX XXXX	XXXXX XXXXXX, X XXXXXXXXXXX XX XXXXXXXX XXXXXX XX. XXX XXXXX XXXXXX, X XXXXXXXXXXX XX XXXXXXXX XXXXXX XX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/19/2025 - R	Initial UCC1 (2025091701051004)	XXX XXX XXX	XXXXXX XXXXXX XXX
09/19/2025 - R 09/10/2025 - D	Assignment of Leases and Rents (2025091701051003)	XXX XXX XXX	XXXXXX XXXXXX XXX
09/19/2025 - R 09/10/2025 - D	Mortgage (2025091701051002)	XXX XXX XXX	XXXXXX XXXXXX XXX
09/19/2025 - R 09/10/2025 - D	Deed (2025091701051001)	XXXXXX XXXXXX XXX	XXX XXX XXX
02/26/2019 - R 01/31/2019 - D	Termination of Assign of L&R (2019020401317001)	XXXXXXXX XXXXXX XX XXX	XXXXXXXXXX XXXXXXXX XXXXXXX XXX
02/05/2019 - R 01/31/2019 - D	Satisfaction of Mortgage (2019020401312001)	XXXXXXXX XXXXXX XX XXX	XXXXXXXXXX XXXXXXXX XXXXXXX XXX
06/11/2013 - R 04/15/2013 - D	NYC Real Property Transfer Tax (2013052300902001)	XXXXX XXXXXX X XXXXXXXXXXX XX XXXXXXXX XXXXXX XX	XXXXX XXXXXX XXXXXXXXXX XXXXX XXXXX XXXX
09/30/2004 - R 12/19/2003 - D	Assignment of Leases and Rents (2004012601979002)	XXXXXXXXXX XXXXXXXX XXXXXXX XXX	XXXXXXXX XXXXXX XX XXX
09/30/2004 - R 12/19/2003 - D	Mortgage (2004012601979001)	XXXXXXXX XXXXXX XX XXX	XXXXXXXXXX XXXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 387 Jay Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$35,880

Municipal exemptions

Recent tax assessments

Market value

$735,000

Assessed value

$330,750

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$744,000	$334,800	$334,800	10.848%	$36,319	$36,319	-19.71%
2024/25	$934,000	$420,300	$420,300	10.762%	$45,233	$45,233	-5.45%
2023/24	$1,006,000	$452,700	$451,640	10.592%	$47,838	$47,838	+3.80%
2022/23	$962,000	$432,900	$432,900	10.646%	$46,087	$46,087	+18.15%
2021/22	$806,000	$362,700	$362,700	10.755%	$39,008	$39,008	-22.95%
2020/21	$1,222,000	$549,900	$473,440	10.694%	$50,630	$50,630	+3.79%
2019/20	$1,149,000	$517,050	$462,960	10.537%	$48,782	$48,782	+5.92%
2018/19	$1,071,000	$481,950	$438,030	10.514%	$46,054	$46,054	+7.65%
2017/18	$1,030,000	$463,500	$406,890	10.514%	$42,780	$42,780	+8.09%
2016/17	$964,000	$433,800	$374,310	10.574%	$39,580	$39,580	+5.65%

Permits

Permit information for 387 Jay Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
11/13/2023	Alteration
11/13/2023	Alteration
08/30/2012	Alteration type 2
02/03/2012	Alteration type 2
01/16/2002	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	10/01/2015	Lblvio-low pressure boiler
	12/31/2009	Lblvio-low pressure boiler
	01/03/2008	Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

Listings

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Jay St & Willoughby St at NE Corner

Station lines

A-C-F-R

Distance (miles)

0.025

View subway map

Access the detailed traffic volume map for 387 Jay Street, Brooklyn, NY 11201 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 387 Jay Street, Brooklyn, NY

44 Willoughby St, Brooklyn 146 Lawrence St, Brooklyn 395 Jay St, Brooklyn 255 Adelphi St, Brooklyn 136 Lawrence St, Brooklyn 451 Fulton St, Brooklyn 453 Fulton St, Brooklyn 461 Fulton St, Brooklyn 385 Jay St, Brooklyn 142 Lawrence St, Brooklyn 447 Fulton St, Brooklyn 465 Fulton St, Brooklyn 463 Fulton St, Brooklyn 144 Lawrence St, Brooklyn 56 Willoughby St, Brooklyn 140 Lawrence St, Brooklyn 54 Willoughby St, Brooklyn

Frequently asked questions

What is the year built for 387 Jay Street, Brooklyn, NY 11201?

The development at 387 Jay Street, Brooklyn, NY 11201 was built in 1920.

What is the market value of 387 Jay Street, Brooklyn, NY 11201?

The current market value of 387 Jay Street, Brooklyn, NY 11201 is $735,000.

What is the total square footage of 387 Jay Street, Brooklyn, NY 11201?

387 Jay Street, Brooklyn, NY 11201 has a total of 2,650 square feet.

What is the price per square foot for this property?

$5,471 per square foot is the price for 387 Jay Street, Brooklyn, NY 11201.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.