New York City  »  11220  »  7th Ave  »  5024 7th Ave

5024 7th Avenue, Brooklyn, NY 11220 - Property report

Also known as: 5024 7th Ave

Property image for 5024 7th Avenue, Brooklyn, NY 11220
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Property type

Multi-Story Retail Building (2 or More) (K2)

Year built

1931

Lot sq. ft.

2,450

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
5024 7th Avenue
ZIP code
11220
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00793-0037

Owner

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Building
Property type
Multi-Story Retail Building (2 or More) (K2)
Building sq. ft.
3,430
Building dimensions
24.5 ft x 70 ft
Buildings on lot
1
Stories
2
Year built
1931
Building material
Tax
Tax year
2026-2027
Property tax
$18,384
Tax class
Zoning & Use
Zoning
Qualified opportunity zone
Commercial units
2
Retail sq. ft.
Lot
Lot dimensions
24.5 ft x 100 ft
Lot sq. ft.
2,450
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Current built area
3,430 sq. ft.
Buildable area

Area overview

Walk score
92 /100.  Walker's Paradise
Transit score
93 /100.  Rider's Paradise
Bike score
73 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
0.83 Miles
Closest fire station
0.25 Miles

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

Ownership

Ownership information for 5024 7th Avenue, Brooklyn, NY

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

Sales history for 5024 7th Avenue, Brooklyn, NY 11220

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/23/2009 - R
10/24/2008 - D		 Satisfaction of Mortgage
(2009032000792001)		 XXXX XXXXXXX XXX XXXXXX XXXXXXX XXXXXXX XXXX
11/19/1999 - R Mortgage
(3420006904942)		 XXXX XXXXXXX XXX XXXXXX XXXXXXX XXXXXXX XXXX
11/19/1999 - R Deed
(3290006906629)		 X X XXXXXXXXXXX XXX XXXX XXXXXXX XXX
02/22/1999 - R Satisfaction of Mortgage
(3810006469381)
01/13/1999 - R Satisfaction of Mortgage
(3690006423269)		 XXXXXX XXXXX XXX XXXXXXXXXX XXXX
06/15/1998 - R Assignment, Mortgage
(3680006090668)		 XX XXXXXXXXXXX XXX XXXXXXXX XXXX
06/15/1998 - R Mortgage
(3600006091060)		 X XXX X XXXXXXXXXXXXXX XXXXXXXX XXXX
05/15/1998 - R Initial UCC1
(3330006042433)		 X XXX X XXXXXXXXXXXXXX XXXXXXXX XXXX
06/15/1998 - R
05/12/1998 - D		 Deed
(3830006091083)		 XXXXXX XXXXX XXX X XXX X XXXXXXXXXXXXXX
09/18/1995 - R Satisfaction of Mortgage
(3200004877120)		 XXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXX XXXXXX XXXXXX XXXXXXXXX XXXXXXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 5024 7th 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
$18,384
Municipal exemptions
Recent tax assessments
Market value
$436,000
Assessed value
$196,200

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 $408,000 $183,600 $158,580 10.848% $17,203 $17,203 -0.16%
2024/25 $372,000 $167,400 $160,110 10.762% $17,231 $17,231 +15.87%
2023/24 $312,000 $140,400 $140,400 10.592% $14,871 $14,871 -12.56%
2022/23 $355,000 $159,750 $159,750 10.646% $17,007 $17,007 +11.56%
2021/22 $315,000 $141,750 $141,750 10.755% $15,245 $15,245 -13.40%
2020/21 $425,000 $191,250 $164,610 10.694% $17,603 $17,603 +11.62%
2019/20 $419,000 $188,550 $149,669 10.537% $15,771 $15,771 +11.26%
2018/19 $388,000 $174,600 $134,819 10.514% $14,175 $14,175 +9.66%
2017/18 $313,000 $140,850 $122,939 10.514% $12,926 $12,926 -4.35%
2016/17 $284,000 $127,800 $127,800 10.574% $13,514 $13,514 +8.81%
Permits

Permit information for 5024 7th Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/07/2025 Alteration
01/07/2025 Alteration
09/24/2024 Alteration
08/09/2024 Alteration
08/09/2024 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/27/2019 Aeuhaz1-fail to certify class 1
03/01/2013 Lblvio-low pressure boiler
12/13/2011 Lblvio-low pressure boiler

*Most recent DOB violations 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
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
4th Ave & 53rd St at SE Corner
Station lines
R
Distance (miles)
0.438
View subway map

Access the detailed traffic volume map for 5024 7th Avenue, Brooklyn, NY 11220 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 5024 7th Avenue, Brooklyn, NY

655 51st St, Brooklyn 651 51st St, Brooklyn 5026 7th Ave, Brooklyn 672 50th St, Brooklyn 666 50th St, Brooklyn 662 50th St, Brooklyn 650 50th St, Brooklyn 671 51st St, Brooklyn 665 51st St, Brooklyn 645 51st St, Brooklyn 5014 7th Ave, Brooklyn 660 50th St, Brooklyn 656 50th St, Brooklyn 5016 7th Ave, Brooklyn 646 50th St, Brooklyn 663 51st St, Brooklyn 659 51st St, Brooklyn 649 51st St, Brooklyn 664 50th St, Brooklyn 641 51st St, Brooklyn

Nearby ZIP codes for 5024 7th Avenue, Brooklyn, NY

10004, New York City, NY 10005, 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 11214, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11223, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11232, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 5024 7th Avenue, Brooklyn, NY 11220?

The development at 5024 7th Avenue, Brooklyn, NY 11220 was built in 1931.

What is the market value of 5024 7th Avenue, Brooklyn, NY 11220?

The current market value of 5024 7th Avenue, Brooklyn, NY 11220 is $436,000.

What is the total square footage of 5024 7th Avenue, Brooklyn, NY 11220?

5024 7th Avenue, Brooklyn, NY 11220 has a total of 3,430 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

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