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248 Lorraine Street, Brooklyn, NY 11231 Property Information

248 Lorraine Street, Brooklyn, NY 11231 Property Information

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

Primary address 248 Lorraine Street
Secondary address 248-250 Lorraine St
Neighborhood Red Hook
Zip code 11231
Borough Brooklyn
Block & lot 00486-0025

Sales & Tax Overview for 248 Lorraine Street, Brooklyn

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Tax class
Estimated property tax $41,884

Lot & Building Information for 248 Lorraine Street, Brooklyn

Lot sqft 5,000
Lot dimensions 50 ft x 100 ft
Building class Fireproof Warehouse (E1)
Building sqft 7,000
Building dimensions 50 ft x 100 ft
Buildings on lot 1
Stories 1
Year built 1991
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Zoning & Use for 248 Lorraine Street, Brooklyn

Zoning
Qualified opportunity zone
Commercial units 1
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 6
Closest police station 0.78 Miles
Closest fire station 0.65 Miles

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

Other Property Data for 248 Lorraine Street, Brooklyn

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Floor area ratio (FAR) for 248 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 248 Lorraine Street, Brooklyn, NY 11231, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 248-250 Lorraine St, Brooklyn, NY 11231

About 248 Lorraine Street, Brooklyn

How many square feet does 248 Lorraine Street, Brooklyn, NY 11231 have?

This Fireproof Warehouse (E1) located at 248 Lorraine Street, Brooklyn, NY 11231 has a total of 7,000 square feet.

What is the year built & the current market value of 248 Lorraine Street, Brooklyn, NY 11231?

248 Lorraine Street, Brooklyn, NY 11231 was built in 1991 and has a current tax assessor's market value of $821,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 248 Lorraine Street, Brooklyn

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Property owner name for 248 Lorraine Street, Brooklyn, NY 11231
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Building contacts for 248 Lorraine Street, Brooklyn, NY 11231
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
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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 248 Lorraine Street, Brooklyn

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No recorded sales for this property.

Title Documents for 248 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
09/21/2023 - D
11/16/2023 - R
Memorandum of Lease
(2023111000409001)
06/16/1993 - R Satisfaction of Mortgage
(3850001779885)
10/12/1990 - R Deed
(3830001573583)
04/09/1974 - R Maps
(37430000004281)
           
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R: Recorded date
D: Document date

Property Taxes for 248 Lorraine Street, Brooklyn

Access detailed property tax data for 248 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: $40,078
Estimated property tax: $41,884
Tax assessor's market value: $821,000
Assessed value: $369,450

Assessment History for 248 Lorraine Street, Brooklyn

Here's the assessment & property tax history for 248 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 $821,000 $369,450 $369,450 10.848% $40,078 $40,078 -9.61%
2024/25 $963,000 $433,350 $412,000 10.762% $44,339 $44,339 +8.36%
2023/24 $1,069,000 $481,050 $386,330 10.592% $40,920 $40,920 +10.41%
2022/23 $977,000 $439,650 $348,120 10.646% $37,061 $37,061 +8.30%
2021/22 $791,000 $355,950 $318,190 10.755% $34,221 $34,221 -1.20%

Permits for 248 Lorraine Street, Brooklyn

The complete history of permits filed for 248 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
05/30/1996 New building
02/06/1996 New building
02/05/1996 New building
02/05/1996 New building
02/05/1996 New building
01/16/1996 Alteration type 2
06/30/1992 New building
10/31/1991 Alteration type 3
10/31/1991 Alteration type 2
10/21/1991 New building
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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): AE (See more on map)
Hurricane evacuation zone: 1 (See more on map)

Transportation

Distance to Subway
Closest station Smith St & 9th St at NE Corner
Station lines F-G-R
Distance (miles) 0.213
View subway map
Bus Routes
Name Gowanus Exp. /Lorraine St (S.B. )
Line X37
Distance (miles) 0.047

Neighbors for 248 Lorraine Street, Brooklyn

Here are the neighbors for 248 Lorraine Street, Brooklyn, NY 11231.

Address Square feet Purchase date Purchase price
182 Sigourney St, Brooklyn 10,056 08/08/1979
241 Lorraine St, Brooklyn 6,000 06/30/1999
386 Hamilton Ave, Brooklyn 100 03/19/2001
633 Court St, Brooklyn 56,000 04/13/1999
659 Smith St, Brooklyn 40,000 12/22/2020 $45,000,000
585 Court St, Brooklyn 9,958 09/15/2022 $5,825,469
595 Smith St, Brooklyn 71,280 12/22/2020 $45,000,000
610 Smith St, Brooklyn 60,000 05/30/2017
170 Van Brunt St, Brooklyn 39,740 11/13/2012
240 Lorraine St, Brooklyn 1,500 06/16/1993
388 Hamilton Ave, Brooklyn 03/19/2001
587 Court St, Brooklyn 10,000 09/15/2022 $5,825,469
570 Smith St, Brooklyn 5,000 10/15/1968
245 Lorraine St, Brooklyn 2,375 03/19/2001
600 Smith St, Brooklyn 23,500 06/08/1993
627 Smith St, Brooklyn 18,000 12/22/2020 $45,000,000
243 Lorraine St, Brooklyn 4,462 06/30/1999
590 Smith St, Brooklyn 30,000 07/27/2017 $7,510,000
643 Court St, Brooklyn 5,680 04/18/1972
252 Lorraine St, Brooklyn 11,400
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