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242 51st Street, Brooklyn, NY 11220 Property Information

242 51st Street, Brooklyn, NY 11220 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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242 51st Street, Brooklyn, NY 11220 1
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Address

Primary address 242 51st Street
Neighborhood Sunset Park
Zip code 11220
Borough Brooklyn
Block & lot 00797-0023

Sales & Tax Overview for 242 51st Street, Brooklyn

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

Purchase date 11/24/2009
Purchase price $330,000
Tax class
Estimated property tax $9,334

Lot & Building Information for 242 51st Street, Brooklyn

Lot sqft 2,671
Lot dimensions 26.67 ft x 100.17 ft
Building class Five to Six Families (C2)
Building sqft 4,758
Building dimensions 26.67 ft x 65 ft
Buildings on lot 1
Stories 3
Year built 1905
Construction type
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Zoning & Use for 242 51st Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 6
Regulated units
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 0.65 Miles
Closest fire station 0.22 Miles

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

Other Property Data for 242 51st Street, 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 242 51st Street, Brooklyn, NY 11220, 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 242 51st Street, Brooklyn, NY 11220, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 242 51st Street, Brooklyn

What is the year built & the total sq. ft. for 242 51st Street, Brooklyn, NY 11220?

242 51st Street, Brooklyn, NY 11220 was built in 1905 and has a total of 4,758 square feet.

What is the assessed value of 242 51st Street, Brooklyn, NY 11220 and the property tax paid?

Assessed at $462,600, the tax amount paid for 242 51st Street, Brooklyn, NY 11220 is $9,334. For the next year, the tax amount for 242 51st Street, Brooklyn, NY 11220 is estimated at $9,334.

When was 242 51st Street, Brooklyn, NY 11220 last sold and what was the last sale price?

242 51st Street, Brooklyn, NY 11220 was last sold in 11/24/2009 for $330,000.

How many residential units does this building have?

This building has 6 residential unit(s).

Ownership Information for 242 51st Street, Brooklyn

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Property owner name for 242 51st Street, Brooklyn, NY 11220
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Building contacts for 242 51st Street, Brooklyn, NY 11220
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 242 51st Street, Brooklyn

Create a free account to view the complete sales history for 242 51st Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/24/2009 $330,000

Title Documents for 242 51st 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
02/11/2025 - R UCC3 Termination
(2025020700381003)
02/07/2025 - D
02/11/2025 - R
Termination of Assign of L&R
(2025020700381002)
02/07/2025 - D
02/11/2025 - R
Satisfaction of Mortgage
(2025020700381001)
10/16/2024 - R UCC3 Continuation
(2024101100221001)
12/10/2019 - R Initial UCC1
(2019120300915001)
05/25/2017 - D
07/20/2017 - R
Satisfaction of Mortgage
(2017070601235001)
12/01/2014 - R Initial UCC1
(2014111900930001)
05/09/2012 - D
06/22/2012 - R
Mortgage
(2012051100584001)
12/07/2009 - R Initial UCC1
(2009120200182001)
11/24/2009 - D
01/20/2010 - R
Assignment of Leases and Rents
(2009120200148003)
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R: Recorded date
D: Document date

Property Taxes for 242 51st Street, Brooklyn

Access detailed property tax data for 242 51st Street, Brooklyn, NY 11220. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $9,335
Estimated property tax: $9,334
Tax assessor's market value: $1,028,000
Assessed value: $462,600

Assessment History for 242 51st Street, Brooklyn

Here's the assessment & property tax history for 242 51st 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 $1,028,000 $462,600 $75,043 12.439% $9,335 $9,335 +2.87%
2024/25 $857,000 $385,650 $72,593 12.5% $9,074 $9,074 +7.91%
2023/24 $752,000 $338,400 $67,259 12.502% $8,409 $8,409 +10.02%
2022/23 $627,000 $282,150 $62,303 12.267% $7,643 $7,643 +8.21%
2021/22 $501,600 $225,720 $57,725 12.235% $7,063 $7,063 -0.26%

Permits for 242 51st Street, Brooklyn

The complete history of permits filed for 242 51st 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.

No recorded permits for this property.

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 Q4/2025
$495
12.2% YoY
Median Price/Sqft Q3/2025
$496
6.7% 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: 6 (See more on map)

Transportation

Distance to Subway
Closest station 4th Ave & 52nd St at NW Corner (Exit Only)
Station lines R
Distance (miles) 0.205
View subway map
Bus Routes
Name 52 ST/2 Av
Line B11
Distance (miles) 0.068

Neighbors for 242 51st Street, Brooklyn

Here are the neighbors for 242 51st Street, Brooklyn, NY 11220.

Address Square feet Purchase date Purchase price
266 51st St, Brooklyn 2,952 07/14/2022
232 51st St, Brooklyn 3,216 05/24/2002
5113 2nd Ave, Brooklyn 16,050 08/14/2020 $7,000,000
5121 2nd Ave, Brooklyn 5,395 12/30/1998
5102 3rd Ave, Brooklyn 9,821 08/18/1989
5114 3rd Ave, Brooklyn 10,500 01/20/2006
238 51st St, Brooklyn 4,758 05/20/2003 $387,500
246 51st St, Brooklyn 4,750 12/29/2010 $760,000
250 51st St, Brooklyn 4,056 12/21/2007 $1,028,000
236 51st St, Brooklyn 4,758 10/28/2024
234 51st St, Brooklyn 2,520 05/23/2006 $540,600
214 51st St, Brooklyn 4,000 01/20/2006
256 51st St, Brooklyn 2,400 09/22/2016 $927,000
258 51st St, Brooklyn 2,580 04/30/2012 $6,000
260 51st St, Brooklyn 6,400 06/19/2006 $285,000
270 51st St, Brooklyn 07/14/2022
240 51st St, Brooklyn 4,758 12/28/2021 $412,500
5101 2nd Ave, Brooklyn 10,462 04/02/2018
5123 2nd Ave, Brooklyn 5,870 12/30/1998
272 51st St, Brooklyn 03/06/2012 $300,000
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