New York City » 11232 » 5th Ave » 740 5th Ave

740 5th Avenue, Brooklyn, NY 11232 - Property report

Also known as: 322-332 24th St

Property image for 740 5th Avenue, Brooklyn, NY 11232

Property type

Stand Alone Food Establishment (K5)

Year built

1960

Lot sq. ft.

10,017

Sale price

$2,700,000

General information

Address

Primary address

740 5th Avenue

Alternate address(es)

322-332 24th St
740-744 5th Ave

ZIP code

11232

Neighborhood

Greenwood Heights

Borough

Brooklyn

Block & lot

00652-0039

Building

Property type

Stand Alone Food Establishment (K5)

Building sq. ft.

2,244

Building dimensions

66 ft x 34 ft

Buildings on lot

Stories

Year built

1960

Building material

Sales

Sale date

01/24/2018

Sale price

$2,700,000

Tax

Tax year

2026-2027

Property tax

$31,408

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

100.17 ft x 100 ft

Lot sq. ft.

10,017

Area overview

Walk score

91 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

66 /100. Bikeable

School district

Community district

Closest police station

0.27 Miles

Closest fire station

0.72 Miles

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

Ownership

Ownership information for 740 5th Avenue, 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 740 5th Avenue, Brooklyn, NY 11232

Sale date	Sale price	Buyer name	Seller name
01/24/2018	$2,700,000	XX XXX XXX XXX XXX	XXX XXXXX XXX. XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
01/31/2018 - R 01/24/2018 - D	Deed (2018012600097001)	XXX XXXXX XXX XXX	XX XXX XXX XXX XXX
07/26/2011 - R 01/01/2011 - D	Deed (2011070601067001)	XXXXXXXX XXXXX	XXX XXXXX XXX XXX
01/11/2011 - R 02/03/2004 - D	Satisfaction of Mortgage (2011010400151001)	XXXXXXXX XXXXX	XXXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
01/08/1999 - R	Agreement (3120006405712)	XXXXXXXX XXXXX	XXXXX XXXX XXXX
03/24/1988 - R	Mortgage (3840001353484)	XXXXXXXX XXXXX	XXXXXXXX XXX XX XXXX
03/24/1988 - R	Deed (3830001353483)	XXXXXX XXXX	XXXXXXXX XXXXX
06/25/1986 - R	Vacate Order (3920001177192)	XXXX XX XXX XXXX	XXXXXX XXXXX
05/28/1986 - D 05/28/1986 - R	Deed (FT_3350001170435)	XXXXXXXXXXXX XX XXXXXXX	XXXX XX XXX XXXX
06/28/1984 - R	Lease (3210001026721)	XXXXXX XXXX	XXXXX XXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 740 5th Avenue, 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

$31,408

Municipal exemptions

Recent tax assessments

Market value

$849,000

Assessed value

$382,050

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	$751,000	$337,950	$242,910	10.848%	$26,351	$26,351	+15.77%
2024/25	$685,000	$308,250	$211,500	10.762%	$22,762	$22,762	+16.02%
2023/24	$514,000	$231,300	$185,220	10.592%	$19,619	$19,619	-2.03%
2022/23	$418,000	$188,100	$188,100	10.646%	$20,025	$20,025	+25.00%
2021/22	$331,000	$148,950	$148,950	10.755%	$16,020	$16,020	-17.19%
2020/21	$402,000	$180,900	$180,900	10.694%	$19,345	$19,345	+3.81%
2019/20	$393,000	$176,850	$176,850	10.537%	$18,635	$18,635	-32.28%
2018/19	$599,000	$269,550	$261,720	10.514%	$27,517	$27,517	+4.61%
2017/18	$630,000	$283,500	$250,192	10.514%	$26,305	$26,305	+6.23%
2016/17	$550,000	$247,500	$234,172	10.574%	$24,761	$24,761	+8.90%

Permits

Permit information for 740 5th Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
07/09/2021	Alteration
06/29/2020	Alteration type 2
09/30/2019	No work
08/22/2019	Alteration
08/12/2019	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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

4th Ave & 25th St at SE Corner

Station lines

Distance (miles)

0.132

View subway map

Access the detailed traffic volume map for 740 5th Avenue, Brooklyn, NY 11232 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 740 5th Avenue, Brooklyn, NY

129 26th St, Brooklyn 126 25th St, Brooklyn 153 25th St, Brooklyn 219 25th St, Brooklyn 223 25th St, Brooklyn 762 3rd Ave, Brooklyn 768 3rd Ave, Brooklyn 157 25th St, Brooklyn 155 25th St, Brooklyn 314 24th St, Brooklyn 280 24th St, Brooklyn 262 24th St, Brooklyn 209 25th St, Brooklyn 207 25th St, Brooklyn 756 3rd Ave, Brooklyn 760 3rd Ave, Brooklyn 128 25th St, Brooklyn 225 25th St, Brooklyn 278 24th St, Brooklyn

Nearby ZIP codes for 740 5th Avenue, Brooklyn, NY

10004, New York City, NY 10005, New York City, NY 10006, New York City, NY 10038, New York City, NY 10271, New York City, NY 10280, New York City, NY 11201, New York City, NY 11204, New York City, NY 11209, 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 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 740 5th Avenue, Brooklyn, NY 11232?

The development at 740 5th Avenue, Brooklyn, NY 11232 was built in 1960.

What is the market value of 740 5th Avenue, Brooklyn, NY 11232?

The current market value of 740 5th Avenue, Brooklyn, NY 11232 is $849,000.

What is the total square footage of 740 5th Avenue, Brooklyn, NY 11232?

740 5th Avenue, Brooklyn, NY 11232 has a total of 2,244 square feet.

What is the price per square foot for this property?

$1,203 per square foot is the price for 740 5th Avenue, Brooklyn, NY 11232.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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.