New York City  »  11231  »  Smith St  »  551 Smith St

551 Smith Street, Brooklyn, NY 11231 - Property report

Also known as: 551 Smith St

Property image for 551 Smith Street, Brooklyn, NY 11231
static Mapbox map

Property type

Factory - Heavy Manufacturing (Fireproof) (F1)

Year built

1901

Lot sq. ft.

16,058

Sale price

$1,451,680

General information

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Address
Primary address
551 Smith Street
Alternate address(es)
551-557 Smith St
551 Eileen C Dugan Blvd
ZIP code
11231
Neighborhood
Gowanus
Borough
Brooklyn
Block & lot
00483-0011

Owner

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Building
Property type
Factory - Heavy Manufacturing (Fireproof) (F1)
Building sq. ft.
500
Building dimensions
20 ft x 25 ft
Buildings on lot
1
Stories
1
Year built
1901
Sales
Sale date
02/26/2016
Sale price
$1,451,680
Tax
Tax year
2026-2027
Property tax
$22,241
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Commercial units
1
Lot
Lot dimensions
78.2 ft x 196.83 ft
Lot sq. ft.
16,058

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
0 /100.  Minimal Transit
Bike score
95 /100.  Biker's Paradise
School district
15
Community district
6
Closest police station
0.74 Miles
Closest fire station
0.06 Miles

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

Ownership

Ownership information for 551 Smith Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 551 Smith Street, Brooklyn, NY 11231

Sale date Sale price Buyer name Seller name
02/26/2016 $1,451,680 XXXXXXX XXXX. , XXX XXXXX XXXX. XXXXX XXX XXXXXXXX XX. XXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/10/2023 - R UCC3 Termination
(2023030700704001)		 XXXXXXX XXXX XXX X X XXXXXXXX XXX
11/30/2022 - R Initial UCC1
(2022112900700001)		 XXXXXXX XXXX XXX X X XXXXXXXX XXX
06/14/2023 - R
11/28/2022 - D		 Satisfaction of Mortgage
(2023061400370001)		 XXXXXXX XXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
12/30/2022 - R
11/25/2022 - D		 NYC Real Property Transfer Tax
(2022121901171001)		 X X XXXXXXXX XXX XXXXXX XXXXX XXX XXXXXXXX XXX
09/29/2021 - R
08/26/2021 - D		 NYC Real Property Transfer Tax
(2021092000759001)		 X X XXXXXXXX XXX XXXXXX XXXXXXXXX XXXXXXX
03/16/2016 - R UCC3 Termination
(2016031501227001)		 XXXXX XXX XXXX XXXXXX XXX XXXXXXXXX XXXX X X
03/10/2016 - R UCC3 Termination
(2016030401265001)		 XXX XXXXXXXX XXX XXXX XXXXXXXXX XXXX X X XXX XXXXXXXXX XXXX
03/15/2016 - R
02/26/2016 - D		 Agreement
(2016030301525008)		 XXXXXXX XXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX
03/15/2016 - R
02/26/2016 - D		 Deed
(2016030301525007)		 XXXXX XXXX XXXXX XXX XXXXXXXX XX XXX XXXXXXX XXXX XXX
03/15/2016 - R
02/16/2016 - D		 Assignment, Mortgage
(2016030301525005)		 XXXXXXXXX XXXX X X X X XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Smith 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
$22,241
Municipal exemptions
Recent tax assessments
Market value
$503,000
Assessed value
$226,350

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 $482,000 $216,900 $189,720 10.848% $20,581 $20,581 +4.36%
2024/25 $461,000 $207,450 $183,240 10.762% $19,720 $19,720 +5.54%
2023/24 $435,000 $195,750 $176,400 10.592% $18,684 $18,684 +3.95%
2022/23 $397,000 $178,650 $168,840 10.646% $17,975 $17,975 +11.53%
2021/22 $333,000 $149,850 $149,850 10.755% $16,116 $16,116 -5.24%
2020/21 $410,000 $184,500 $159,030 10.694% $17,007 $17,007 +7.71%
2019/20 $385,000 $173,250 $149,850 10.537% $15,790 $15,790 +5.68%
2018/19 $351,000 $157,950 $142,110 10.514% $14,941 $14,941 +3.41%
2017/18 $318,000 $143,100 $137,430 10.514% $14,449 $14,449 +0.22%
2016/17 $303,000 $136,350 $136,350 10.574% $14,418 $14,418 -2.00%
Permits

Permit information for 551 Smith Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
12/30/2004 New building
10/19/1999 Alteration type 3
08/12/1999 Alteration type 2
08/02/1999 Alteration type 2
03/12/1999 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
09/27/1999 C-construction

*Most recent DOB violation on record for this property.

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

Property location map
FEMA flood zones
AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Smith St & 9th St at NE Corner
Station lines
F-G-R
Distance (miles)
0.136
View subway map

Access the detailed traffic volume map for 551 Smith Street, Brooklyn, NY 11231 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 551 Smith Street, Brooklyn, NY

386 Hamilton Ave, Brooklyn 201 Centre St, Brooklyn 508 Smith St, Brooklyn 577 Court St, Brooklyn 378 Hamilton Ave, Brooklyn 357 Hamilton Ave, Brooklyn 561 Court St, Brooklyn 183 Lorraine St, Brooklyn 388 Hamilton Ave, Brooklyn 563-569 Court St, Brooklyn 195 Centre St, Brooklyn 543 Smith St, Brooklyn 382 Hamilton Ave, Brooklyn 245 Lorraine St, Brooklyn 243 Lorraine St, Brooklyn 375 Hamilton Ave, Brooklyn 203 Centre St, Brooklyn 527 Smith St, Brooklyn 205 Centre St, Brooklyn 504 Smith St, Brooklyn

Nearby ZIP codes for 551 Smith Street, Brooklyn, NY

10002, New York City, NY 10004, New York City, NY 10005, New York City, NY 10006, New York City, NY 10007, New York City, NY 10038, New York City, NY 10271, New York City, NY 10278, New York City, NY 10279, New York City, NY 10280, New York City, NY 10282, New York City, NY 11201, New York City, NY 11205, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11232, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 551 Smith Street, Brooklyn, NY 11231?

The development at 551 Smith Street, Brooklyn, NY 11231 was built in 1901.

What is the market value of 551 Smith Street, Brooklyn, NY 11231?

The current market value of 551 Smith Street, Brooklyn, NY 11231 is $503,000.

What is the total square footage of 551 Smith Street, Brooklyn, NY 11231?

551 Smith Street, Brooklyn, NY 11231 has a total of 500 square feet.

What is the price per square foot for this property?

$2,903 per square foot is the price for 551 Smith Street, Brooklyn, NY 11231.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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