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245 Lorraine Street, Brooklyn, NY 11231 Property Information

245 Lorraine Street, Brooklyn, NY 11231 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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245 Lorraine Street, Brooklyn, NY 11231 1
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Address

Primary address 245 Lorraine Street
Neighborhood Red Hook
Zip code 11231
Borough Brooklyn
Block & lot 00484-0025

Sales & Tax Overview for 245 Lorraine Street, Brooklyn

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

Tax class
Estimated property tax $16,743

Lot & Building Information for 245 Lorraine Street, Brooklyn

Lot sqft 2,500
Lot dimensions 25 ft x 100 ft
Building class Factory - Light Manufacturing (F5)
Building sqft 2,375
Building dimensions 25 ft x 100 ft
Buildings on lot 1
Stories 1
Year built 1931
Construction type
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Zoning & Use for 245 Lorraine Street, Brooklyn

Zoning
Qualified opportunity zone
Commercial units 1

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 6
Closest police station 0.76 Miles
Closest fire station 0.01 Miles

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

Other Property Data for 245 Lorraine Street, Brooklyn

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Floor area ratio (FAR) for 245 Lorraine Street, Brooklyn, NY 11231, 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 245 Lorraine Street, Brooklyn, NY 11231, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 245 Lorraine Street, Brooklyn

How many square feet does 245 Lorraine Street, Brooklyn, NY 11231 have?

This Factory - Light Manufacturing (F5) located at 245 Lorraine Street, Brooklyn, NY 11231 has a total of 2,375 square feet.

What is the year built & the current market value of 245 Lorraine Street, Brooklyn, NY 11231?

245 Lorraine Street, Brooklyn, NY 11231 was built in 1931 and has a current tax assessor's market value of $343,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 245 Lorraine Street, Brooklyn

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Property owner name for 245 Lorraine Street, Brooklyn, NY 11231
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Building contacts for 245 Lorraine Street, Brooklyn, NY 11231
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 245 Lorraine Street, Brooklyn

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No recorded sales for this property.

Title Documents for 245 Lorraine 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
06/18/2018 - D
06/20/2018 - R
Satisfaction of Mortgage
(2018061901344001)
06/18/2018 - D
06/20/2018 - R
Termination of Assign of L&R
(2018061901327001)
06/12/2018 - R UCC3 Termination
(2018061100658001)
03/11/2016 - R UCC3 Continuation
(2016030901374001)
06/29/2011 - D
07/28/2011 - R
Discharge of Tax Lien
(2011072000872001)
05/27/2011 - D
07/12/2011 - R
Agreement
(2011070500548002)
05/27/2011 - D
07/12/2011 - R
Assignment of Leases and Rents
(2011070500548001)
01/07/2011 - D
01/14/2011 - R
UCC3 Continuation
(2011010700284001)
03/27/2006 - D
03/29/2006 - R
UCC3 Continuation
(2006032700182001)
01/31/2003 - D
09/15/2003 - R
Termination of Assign of L&R
(2003030500304001)
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R: Recorded date
D: Document date

Property Taxes for 245 Lorraine Street, Brooklyn

Access detailed property tax data for 245 Lorraine Street, Brooklyn, NY 11231. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $16,109
Estimated property tax: $16,743
Tax assessor's market value: $343,000
Assessed value: $154,350

Assessment History for 245 Lorraine Street, Brooklyn

Here's the assessment & property tax history for 245 Lorraine 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 $343,000 $154,350 $148,500 10.848% $16,109 $16,109 +1.35%
2024/25 $363,000 $163,350 $147,690 10.762% $15,894 $15,894 +6.00%
2023/24 $356,000 $160,200 $141,570 10.592% $14,995 $14,995 +5.32%
2022/23 $325,000 $146,250 $133,740 10.646% $14,238 $14,238 +11.85%
2021/22 $263,000 $118,350 $118,350 10.755% $12,729 $12,729 -6.73%

Permits for 245 Lorraine Street, Brooklyn

The complete history of permits filed for 245 Lorraine 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
10/26/2021 Alteration
06/30/1997 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 Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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

Risk

FEMA flood zone(s): 0.2 (See more on map)
Hurricane evacuation zone: 2 (See more on map)

Transportation

Distance to Subway
Closest station Smith St & 9th St at NE Corner
Station lines F-G-R
Distance (miles) 0.188
View subway map
Bus Routes
Name Court St/Lorraine St
Line B61
Distance (miles) 0.048

Neighbors for 245 Lorraine Street, Brooklyn

Here are the neighbors for 245 Lorraine Street, Brooklyn, NY 11231.

Address Square feet Purchase date Purchase price
241 Lorraine St, Brooklyn 6,000 06/30/1999
386 Hamilton Ave, Brooklyn 100 03/19/2001
585 Court St, Brooklyn 9,958 09/15/2022 $5,825,469
378 Hamilton Ave, Brooklyn 2,380 06/30/1999
577 Court St, Brooklyn 10,000 06/30/1999
357 Hamilton Ave, Brooklyn 3,654 05/20/1977
240 Lorraine St, Brooklyn 1,500 06/16/1993
595 Smith St, Brooklyn 71,280 12/22/2020 $45,000,000
388 Hamilton Ave, Brooklyn 03/19/2001
183 Lorraine St, Brooklyn 225,260 09/20/2004 $10,000,000
587 Court St, Brooklyn 10,000 09/15/2022 $5,825,469
248 Lorraine St, Brooklyn 7,000 10/12/1990
563-569 Court St, Brooklyn 10,000 06/30/1999
570 Smith St, Brooklyn 5,000 10/15/1968
382 Hamilton Ave, Brooklyn 4,000 03/19/2001
543 Smith St, Brooklyn 4,890
243 Lorraine St, Brooklyn 4,462 06/30/1999
252 Lorraine St, Brooklyn 11,400
590 Smith St, Brooklyn 30,000 07/27/2017 $7,510,000
551 Smith St, Brooklyn 500 02/26/2016 $1,451,680
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