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5508 5th Avenue, Brooklyn, NY 11220 Property Information

Also known as: 5506 Fifth Ave, Brooklyn, NY 11220

5508 5th Avenue, Brooklyn, NY 11220 Property Information

Also known as: 5506 Fifth Ave, Brooklyn, NY 11220

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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5508 5th Avenue, Brooklyn, NY 11220 1
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Address

Primary address 5508 5th Avenue
Secondary address 5506-5508 5th Ave
Neighborhood Sunset Park
Zip code 11220
Borough Brooklyn
Block & lot 00831-0040

Sales & Tax Overview for 5508 5th 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 $29,096

Lot & Building Information for 5508 5th Avenue, Brooklyn

Lot sqft 2,500
Lot dimensions 25 ft x 100 ft
Building class Single or Multiple Dwelling with Stores or Offices (S9)
Building sqft 4,860
Building dimensions 25 ft x 70 ft
Buildings on lot 1
Stories 3
Year built 1931
Construction type
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Zoning & Use for 5508 5th Avenue, Brooklyn

Zoning
Residential units (DOF) 4
Commercial units 2
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 7
Closest police station 0.49 Miles
Closest fire station 0.14 Miles

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

Other Property Data for 5508 5th 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 5508 5th Avenue, 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 5508 5th Avenue, Brooklyn, NY 11220, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 5506-5508 5th Ave, Brooklyn, NY 11220

About 5508 5th Avenue, Brooklyn

How many square feet does 5508 5th Avenue, Brooklyn, NY 11220 have?

This Single or Multiple Dwelling with Stores or Offices (S9) located at 5508 5th Avenue, Brooklyn, NY 11220 has a total of 4,860 square feet.

What is the year built & the current market value of 5508 5th Avenue, Brooklyn, NY 11220?

5508 5th Avenue, Brooklyn, NY 11220 was built in 1931 and has a current tax assessor's market value of $1,024,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 5508 5th Avenue, Brooklyn

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Property owner name for 5508 5th Avenue, Brooklyn, NY 11220
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Building contacts for 5508 5th Avenue, Brooklyn, NY 11220
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
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 
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Past Sales & Property History for 5508 5th Avenue, Brooklyn

Create a free account to view the complete sales history for 5508 5th Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 5508 5th 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
09/22/2006 - D
10/03/2006 - R
Deed
(2006092800934001)
04/30/2003 - D
06/27/2003 - R
Deed, Other
(2003050800147001)
09/02/1993 - D
09/08/1993 - R
Street Procedure
(3700001798470)
03/13/1992 - R Satisfaction of Mortgage
(3820001674482)
06/09/1987 - R Mortgage
(3110001272011)
06/01/1987 - D
06/09/1987 - R
Street Procedure
(3100001272010)
11/09/1981 - D
11/09/1981 - R
Deed
(38130127601493)
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R: Recorded date
D: Document date

Property Taxes for 5508 5th Avenue, Brooklyn

Access detailed property tax data for 5508 5th Avenue, Brooklyn, NY 11220. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $28,057
Estimated property tax: $29,096
Tax assessor's market value: $1,024,000
Assessed value: $460,800

Assessment History for 5508 5th Avenue, Brooklyn

Here's the assessment & property tax history for 5508 5th 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 $1,024,000 $460,800 $225,559 12.439% $28,057 $28,057 +4.33%
2024/25 $1,091,000 $490,950 $215,149 12.5% $26,894 $26,894 +7.98%
2023/24 $1,011,000 $454,950 $199,212 12.502% $24,905 $24,905 +4.48%
2022/23 $864,000 $388,800 $194,328 12.267% $23,838 $23,838 +8.28%
2021/22 $797,000 $358,650 $179,934 12.235% $22,015 $22,015 +3.43%

Permits for 5508 5th Avenue, Brooklyn

The complete history of permits filed for 5508 5th 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
03/25/2025 Alteration
03/25/2025 Alteration
         
         
         
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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)

Transportation

Distance to Subway
Closest station 4th Ave & 53rd St at SE Corner
Station lines R
Distance (miles) 0.159
View subway map
Bus Routes
Name 5 Av/56 St
Line B63
Distance (miles) 0.053

Neighbors for 5508 5th Avenue, Brooklyn

Here are the neighbors for 5508 5th Avenue, Brooklyn, NY 11220.

Address Square feet Purchase date Purchase price
5516 5th Ave, Brooklyn 4,028 10/03/2012
5504 5th Ave, Brooklyn 5,250 03/03/2016
464 55th St, Brooklyn 2,820 06/05/2014 $760,000
5510 5th Ave, Brooklyn 5,921 03/21/2006
469 56th St, Brooklyn 2,640 12/06/2024
463 56th St, Brooklyn 2,880 06/26/2012 $800,000
462 55th St, Brooklyn 2,820 11/26/2024
5524 5th Ave, Brooklyn 7,440 05/31/2001
471 56th St, Brooklyn 2,141 07/20/2020
468 55th St, Brooklyn 2,820 04/22/1994
5522 5th Ave, Brooklyn 5,764 11/15/2011
5520 5th Ave, Brooklyn 4,202 03/24/2003 $730,000
466 55th St, Brooklyn 2,760 01/20/2000
458 55th St, Brooklyn 2,916 07/08/2014 $750,000
465 56th St, Brooklyn 2,880 08/22/2018 $1,320,000
467 56th St, Brooklyn 2,640 07/25/2024 $1,230,000
470 55th St, Brooklyn 2,820 09/03/2025 $1,600,000
460 55th St, Brooklyn 3,106 07/09/2019 $1,480,000
456 55th St, Brooklyn 2,884 12/21/2001
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