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5005 1st Avenue, Brooklyn, NY 11232 Property Information

Also known as: 125 51st St, Brooklyn, NY 11232

5005 1st Avenue, Brooklyn, NY 11232 Property Information

Also known as: 125 51st St, Brooklyn, NY 11232

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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5005 1st Avenue, Brooklyn, NY 11232 1
static Mapbox map

Address

Primary address 5005 1st Avenue
Secondary address 5005-5023 1st Ave
Neighborhood Sunset Park
Zip code 11232
Borough Brooklyn
Block & lot 00788-0001

Sales & Tax Overview for 5005 1st Avenue, 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 $198,934

Lot & Building Information for 5005 1st Avenue, Brooklyn

Lot sqft 25,800
Lot dimensions 156.92 ft x 233 ft
Building class Fireproof Warehouse (E1)
Building sqft 35,257
Building dimensions 183 ft x 100 ft
Buildings on lot 1
Stories 1
Year built 1961
Construction type
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Zoning & Use for 5005 1st Avenue, Brooklyn

Zoning
Commercial units 4

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 0.73 Miles
Closest fire station 0.40 Miles

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

Other Property Data for 5005 1st Avenue, 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 5005 1st Avenue, Brooklyn, NY 11232, 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 5005 1st Avenue, Brooklyn, NY 11232, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 5005-5023 1st Ave, Brooklyn, NY 11232
  • 101-127 51st St, Brooklyn, NY 11232

About 5005 1st Avenue, Brooklyn

How many square feet does 5005 1st Avenue, Brooklyn, NY 11232 have?

This Fireproof Warehouse (E1) located at 5005 1st Avenue, Brooklyn, NY 11232 has a total of 35,257 square feet.

What is the year built & the current market value of 5005 1st Avenue, Brooklyn, NY 11232?

5005 1st Avenue, Brooklyn, NY 11232 was built in 1961 and has a current tax assessor's market value of $4,484,000.

How many commercial spaces does this building have?

This building has 4 commercial spaces available for lease. There are 1 active listings at this address.

Ownership Information for 5005 1st Avenue, Brooklyn

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Property owner name for 5005 1st Avenue, Brooklyn, NY 11232
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Building contacts for 5005 1st Avenue, Brooklyn, NY 11232
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 5005 1st Avenue, Brooklyn

No photo available
125 51st Street
Listing type For Lease
Listing date 09/30/2025
Last updated 05/12/2026
View Listing

Brokers

Levi Junik
Mark Caso
Spaces
Suite name Space type Lease rate Available space Brokers
Space Available Warehouse/Distribution Listing price not available 15,000 Levi Junik
Mark Caso
Active Listings For This Property:
For Lease No photo available
125 51st Street
5005 1st Avenue, Brooklyn
Property Warehouse/Distribution
Availability 1 Spaces listed / 15000 Sqft
Price Listing price not available
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 
Explore the key features that professionals should look for when investing in a data provider for commercial real estate comps, follow our step-by-step guide on how to leverage PropertyShark to find comparables, and discover the most frequently asked questions on the topic.
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Past Sales & Property History for 5005 1st Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 5005 1st Avenue, 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
02/12/2009 - D
03/06/2009 - R
Deed
(2009030500149001)
10/24/1984 - R Mortgage
(3470001048047)
08/10/1983 - R Satisfaction of Mortgage
(3940000972294)
07/27/1983 - D
08/03/1983 - R
Deed
(3830000970983)
01/11/1982 - R Uniform Commercial Code 1
(3690001827869)
06/11/1979 - R Assignment, Mortgage
(37930107800684)
06/11/1979 - R Mortgage
(37930107800628)
06/11/1979 - R Deed
(37930107800624)
06/08/1967 - R Sundry Agreement
(36730044400017)
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R: Recorded date
D: Document date

Property Taxes for 5005 1st Avenue, Brooklyn

Access detailed property tax data for 5005 1st Avenue, Brooklyn, NY 11232. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $181,107
Estimated property tax: $198,934
Tax assessor's market value: $4,484,000
Assessed value: $2,017,800

Assessment History for 5005 1st Avenue, Brooklyn

Here's the assessment & property tax history for 5005 1st Avenue, 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 $4,484,000 $2,017,800 $1,669,500 10.848% $181,107 $181,107 +7.79%
2024/25 $4,113,000 $1,850,850 $1,561,154 10.762% $168,011 $168,011 +7.93%
2023/24 $3,579,000 $1,610,550 $1,469,629 10.592% $155,663 $155,663 +17.41%
2022/23 $3,340,000 $1,503,000 $1,245,359 10.646% $132,581 $132,581 +18.59%
2021/22 $2,310,000 $1,039,500 $1,039,500 10.755% $111,798 $111,798 -14.06%

Permits for 5005 1st Avenue, Brooklyn

The complete history of permits filed for 5005 1st Avenue, 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
08/09/2018 Alteration type 2
08/03/2018 Alteration
07/20/2018 Alteration type 2
09/25/2009 Alteration type 2
12/19/2001 Alteration type 2
08/14/1992 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): X (See more on map)
Hurricane evacuation zone: 4 (See more on map)

Transportation

Distance to Subway
Closest station 4th Ave & 52nd St at NW Corner (Exit Only)
Station lines R
Distance (miles) 0.404
View subway map
Bus Routes
Name 53 ST/1 Av
Line B11
Distance (miles) 0.111

Neighbors for 5005 1st Avenue, Brooklyn

Here are the neighbors for 5005 1st Avenue, Brooklyn, NY 11232.

Address Square feet Purchase date Purchase price
104 50th St, Brooklyn 24,480 10/12/1988
723 50th St, Brooklyn 2,060 06/25/2007
725 50th St, Brooklyn 1,940 02/14/2025 $1,450,000
5001 2nd Ave, Brooklyn 7,366 04/19/2002
214 50th St, Brooklyn 12,000 04/19/2002
4915 7th Ave, Brooklyn 3,300 04/15/2022
7720 18th Ave, Brooklyn 2,940 02/06/1980
727 50th St, Brooklyn 1,940 08/28/2014 $990,000
246 50th St, Brooklyn 02/09/1996
711 50th St, Brooklyn 3,000 11/23/2001
721 50th St, Brooklyn 2,048 02/23/1999
244 50th St, Brooklyn 05/06/1987
715 50th St, Brooklyn 3,072 05/28/2009
248 50th St, Brooklyn 2,920 11/21/2000
5002 2nd Ave, Brooklyn 139,264 02/20/2020 $48,786,000
129 51st St, Brooklyn 46,960 07/20/1995
218 50th St, Brooklyn 10,000 05/06/1987
240 50th St, Brooklyn 11,760 10/30/1979
717 50th St, Brooklyn 3,072 04/12/2022
729 50th St, Brooklyn 1,940 01/04/2021
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