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387 Jay Street, Brooklyn, NY 11201 Property Information

387 Jay Street, Brooklyn, NY 11201 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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387 Jay Street, Brooklyn, NY 11201 1
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Address

Primary address 387 Jay Street
Neighborhood Downtown Brooklyn
Zip code 11201
Borough Brooklyn
Block & lot 00151-0020

Sales & Tax Overview for 387 Jay Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 09/10/2025
Purchase price $14,500,000
Tax class
Estimated property tax $35,879

Lot & Building Information for 387 Jay Street, Brooklyn

Lot sqft 1,150
Lot dimensions 20 ft x 57.5 ft
Building class Predominant Retail with Other Uses (K4) i
Building sqft 2,650
Building dimensions 20 ft x 58 ft
Buildings on lot 1
Stories 3
Year built 1920
Year last altered 1980
Construction type
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Zoning & Use for 387 Jay Street, Brooklyn

Zoning
Qualified opportunity zone
Commercial units 2
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 2
Closest police station 0.30 Miles
Closest fire station 0.39 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 387 Jay Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 387 Jay Street, Brooklyn, NY 11201, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 387 Jay Street, Brooklyn, NY 11201, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 387 Jay Street, Brooklyn

How many sq. ft. does 387 Jay Street, Brooklyn, NY 11201 have & what is the price per sq. ft?

This Predominant Retail with Other Uses (K4) located at 387 Jay Street, Brooklyn, NY 11201 has a total of 2,650 square feet and a current price per square foot of $5,471.

What is the year built & the current market value of 387 Jay Street, Brooklyn, NY 11201?

387 Jay Street, Brooklyn, NY 11201 was built in 1920 and has a current tax assessor's market value of $744,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 387 Jay Street, Brooklyn

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Property owner name for 387 Jay Street, Brooklyn, NY 11201
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Building contacts for 387 Jay Street, Brooklyn, NY 11201
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 387 Jay Street, Brooklyn

Create a free account to view the complete sales history for 387 Jay Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
09/10/2025 $14,500,000
04/15/2013 $300,000
       
       
       
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Title Documents for 387 Jay Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
09/19/2025 - R Initial UCC1
(2025091701051004)
09/10/2025 - D
09/19/2025 - R
Assignment of Leases and Rents
(2025091701051003)
09/10/2025 - D
09/19/2025 - R
Mortgage
(2025091701051002)
09/10/2025 - D
09/19/2025 - R
Deed
(2025091701051001)
01/31/2019 - D
02/26/2019 - R
Termination of Assign of L&R
(2019020401317001)
01/31/2019 - D
02/05/2019 - R
Satisfaction of Mortgage
(2019020401312001)
04/15/2013 - D
06/11/2013 - R
NYC Real Property Transfer Tax
(2013052300902001)
12/19/2003 - D
09/30/2004 - R
Assignment of Leases and Rents
(2004012601979002)
12/19/2003 - D
09/30/2004 - R
Mortgage
(2004012601979001)
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R: Recorded date
D: Document date

Property Taxes for 387 Jay Street, Brooklyn

Access detailed property tax data for 387 Jay Street, Brooklyn, NY 11201. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $36,319
Estimated property tax: $35,879
Tax assessor's market value: $744,000
Assessed value: $334,800

Assessment History for 387 Jay Street, Brooklyn

Here's the assessment & property tax history for 387 Jay Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year 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%

Permits for 387 Jay Street, Brooklyn

The complete history of permits filed for 387 Jay Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

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
06/24/1993 Alteration type 2
06/15/1993 Alteration type 2
05/24/1993 Alteration type 2
03/05/1991 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Jay St & Willoughby St at NE Corner
Station lines A-C-F-R
Distance (miles) 0.025
View subway map
Bus Routes
Name Jay St/Fulton St
Line B62
Distance (miles) 0.018

Neighbors for 387 Jay Street, Brooklyn

Here are the neighbors for 387 Jay Street, Brooklyn, NY 11201.

Address Square feet Purchase date Purchase price
44 Willoughby St, Brooklyn 6,900 11/30/2017 $11,000,000
146 Lawrence St, Brooklyn 10,836 12/23/2008 $5,500,000
395 Jay St, Brooklyn 12,520 02/29/1996
255 Adelphi St, Brooklyn 100,674
136 Lawrence St, Brooklyn 8,310 03/08/2016 $15,000,000
451 Fulton St, Brooklyn 4,987 09/27/1988
453 Fulton St, Brooklyn 5,300 12/14/2022
461 Fulton St, Brooklyn 12,420 03/01/2024
385 Jay St, Brooklyn 3,070 09/10/2025 $14,500,000
142 Lawrence St, Brooklyn 3,860 11/21/2024 $5,000,000
447 Fulton St, Brooklyn 9,094 10/11/2005 $12,000,000
465 Fulton St, Brooklyn 4,096 09/21/2018 $3,500,000
463 Fulton St, Brooklyn 4,680 04/16/2020
144 Lawrence St, Brooklyn 3,780 11/05/2008 $2,125,000
56 Willoughby St, Brooklyn 5,320 05/04/2023 $6,300,000
140 Lawrence St, Brooklyn 4,640 01/15/2013 $1,828,000
54 Willoughby St, Brooklyn 3,920 07/26/2006 $1,700,000
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