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5502 7th Avenue, Brooklyn, NY 11220 Property Information

5502 7th Avenue, Brooklyn, NY 11220 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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5502 7th Avenue, Brooklyn, NY 11220 1
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Address

Primary address 5502 7th Avenue
Secondary address 676 55th St
Neighborhood Sunset Park
Zip code 11220
Borough Brooklyn
Block & lot 00833-0040

Sales & Tax Overview for 5502 7th Avenue, Brooklyn

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

Purchase date 07/30/2013
Purchase price $350,000
Tax class
Estimated property tax $25,788

Lot & Building Information for 5502 7th Avenue, Brooklyn

Lot sqft 1,600
Lot dimensions 20 ft x 80 ft
Building class Primarily Five to Six Family with One Store or Office (S5)
Building sqft 6,248
Building dimensions 20 ft x 80 ft
Buildings on lot 1
Stories 4
Year built 1945
Year last altered 2014
Construction type
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Zoning & Use for 5502 7th Avenue, Brooklyn

Zoning
Residential units (DOF) 5
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 7
Closest police station 0.67 Miles
Closest fire station 0.28 Miles

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

Other Property Data for 5502 7th 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 5502 7th 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 5502 7th 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.

  • 676 55th St, Brooklyn, NY 11220

About 5502 7th Avenue, Brooklyn

How many sq. ft. does 5502 7th Avenue, Brooklyn, NY 11220 have & what is the price per sq. ft?

This Primarily Five to Six Family with One Store or Office (S5) located at 5502 7th Avenue, Brooklyn, NY 11220 has a total of 6,248 square feet and a current price per square foot of $56.

What is the year built & the current market value of 5502 7th Avenue, Brooklyn, NY 11220?

5502 7th Avenue, Brooklyn, NY 11220 was built in 1945 and has a current tax assessor's market value of $1,316,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 5502 7th Avenue, Brooklyn

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Property owner name for 5502 7th Avenue, Brooklyn, NY 11220
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Building contacts for 5502 7th Avenue, Brooklyn, NY 11220
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 5502 7th Avenue, Brooklyn

Create a free account to view the complete sales history for 5502 7th Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
07/30/2013 $350,000

Title Documents for 5502 7th 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
07/30/2013 - D
11/13/2013 - R
Deed
(2013092501607001)
03/30/2012 - D
04/24/2012 - R
Zoning Lot Description
(2012041000653001)
03/21/2011 - D
04/24/2012 - R
Certificate
(2012041000653002)
06/28/2004 - D
07/27/2004 - R
Satisfaction of Mortgage
(2004071400021001)
10/27/1997 - D
10/31/1997 - R
Deed
(3050005816305)
04/25/1994 - R Satisfaction of Mortgage
(3680004247668)
02/25/1994 - R Power of Attorney
(3370004168037)
02/25/1994 - R Mortgage
(3990004167799)
02/25/1994 - R Release of Estate Tax Lien
(3220004167122)
02/01/1994 - D
02/14/1994 - R
Deed
(3960004152596)
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R: Recorded date
D: Document date

Property Taxes for 5502 7th Avenue, Brooklyn

Access detailed property tax data for 5502 7th 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: $23,879
Estimated property tax: $25,788
Tax assessor's market value: $1,316,000
Assessed value: $592,200

Assessment History for 5502 7th Avenue, Brooklyn

Here's the assessment & property tax history for 5502 7th 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 $1,316,000 $592,200 $191,966 12.439% $23,879 $23,879 -0.49%
2024/25 $1,218,000 $548,100 $191,965 12.5% $23,996 $23,996 +3.18%
2023/24 $1,131,000 $508,950 $186,016 12.502% $23,256 $23,256 +10.07%
2022/23 $1,111,000 $499,950 $172,237 12.267% $21,128 $21,128 +8.28%
2021/22 $1,024,000 $460,800 $159,479 12.235% $19,512 $19,512 +7.72%

Permits for 5502 7th Avenue, Brooklyn

The complete history of permits filed for 5502 7th 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
03/07/2025 Alteration
02/26/2025 Alteration
10/08/2024 Alteration
09/06/2024 Alteration
11/02/2018 Alteration type 2
09/06/2017 Alteration type 2
08/18/2017 Alteration type 2
11/25/2016 Alteration type 2
11/06/2015 Alteration type 3
06/09/2014 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)

Transportation

Distance to Subway
Closest station 8th Ave & 62nd St at NW Corner
Station lines N
Distance (miles) 0.365
View subway map
Bus Routes
Name 8 Av/55 St
Line B70
Distance (miles) 0.159

Neighbors for 5502 7th Avenue, Brooklyn

Here are the neighbors for 5502 7th Avenue, Brooklyn, NY 11220.

Address Square feet Purchase date Purchase price
656 55th St, Brooklyn 2,870 06/18/2004 $725,000
654 55th St, Brooklyn 3,444 05/29/2009 $800,000
5524 7th Ave, Brooklyn 2,719 01/27/2006 $990,000
5522 7th Ave, Brooklyn 1,951 02/07/2026
662 55th St, Brooklyn 2,870 09/01/2022
5520 7th Ave, Brooklyn 2,260 06/17/2009
674 55th St, Brooklyn 7,600 02/01/2010
666 55th St, Brooklyn 3,648 02/28/2014 $445,000
5518 7th Ave, Brooklyn 1,796 09/22/2023 $2,235,000
672 55th St, Brooklyn 3,648 04/12/2024
5508 7th Ave, Brooklyn 3,000 08/17/2017
5512 7th Ave, Brooklyn 3,000 10/29/2020
5514 7th Ave, Brooklyn 1,976 11/17/2019
660 55th St, Brooklyn 2,870 08/28/2010
5510 7th Ave, Brooklyn 3,500 10/29/2020
668 55th St, Brooklyn 3,648 02/18/2018
652 55th St, Brooklyn 3,507 01/21/2009 $850,000
5504 7th Ave, Brooklyn 3,000 06/27/2024 $2,200,000
658 55th St, Brooklyn 2,870 02/03/1989
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