New York City » 11220 » 7th Ave » 5523 7th Ave

5523 7th Avenue, Brooklyn, NY 11220 - Property report

Also known as: 701-711 56th St

Property image for 5523 7th Avenue, Brooklyn, NY 11220

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Year built

1924

Lot sq. ft.

2,517

Sale price

$710,000

General information

Address

Primary address

5523 7th Avenue

Alternate address(es)

701-711 56th St

ZIP code

11220

Neighborhood

Sunset Park

Borough

Brooklyn

Block & lot

00834-0001

Building

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Building sq. ft.

7,047

Building dimensions

25.17 ft x 80 ft

Buildings on lot

Stories

Year built

1924

Last altered

2011

Building material

Sales

Sale date

08/09/2004

Sale price

$710,000

Tax

Tax year

2026-2027

Property tax

$26,788

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

25.17 ft x 100 ft

Lot sq. ft.

2,517

Area overview

Walk score

93 /100. Walker's Paradise

Transit score

94 /100. Rider's Paradise

Bike score

68 /100. Bikeable

School district

Community district

Closest police station

0.67 Miles

Closest fire station

0.32 Miles

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

Ownership

Ownership information for 5523 7th Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 5523 7th Avenue, Brooklyn, NY 11220

Sale date	Sale price	Buyer name	Seller name
08/09/2004	$710,000	XXXX XXX XXXXXX XXXXXX, XXX.	XXXX, XX XXXX XXX XXXX, X/X/X XXXX XX XXX XXX, XXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/25/2024 - R	UCC3 Termination (2024092400693006)	XXXX XXX XXX XXXXXX XXX	XXXXXXX XXXXXXXXX XXXX XXXXXXXXX XX XXXXXX XX
09/25/2024 - R	Initial UCC1 (2024092400693005)	XXXX XXX XXX XXXXXX XXX	XXXXXX XXXX
09/25/2024 - R 09/13/2024 - D	Assignment of Leases and Rents (2024092400693003)	XXXX XXX XXX XXXXXX XXX	XXXXXX XXXX
09/25/2024 - R 09/13/2024 - D	Agreement (2024092400693002)	XXXX XXX XXX XXXXXX XXX	XXXXXX XXXX
09/25/2024 - R 09/09/2024 - D	Termination of Assign of L&R (2024092400693004)	XXXXXXX XXXXXXXXX XXXX XX XXXXXX XX XXXXXXXXX	XXXX XXX XXX XXXXXX XXX
09/25/2024 - R 09/09/2024 - D	Assignment, Mortgage (2024092400693001)	XXXXXXX XXXXXXXXX XXXX	XXXXXX XXXX
04/18/2022 - R 03/06/2020 - D	Satisfaction of Mortgage (2022041100982001)	XXXX XXX XXX XXXXXX XXX	XXXXXX XXXXXXX XXXXXXX XXXX
07/05/2019 - R	Initial UCC1 (2019070201198003)	XXXX XXX XXX XXXXXX XXX	XXXXXXXXX XXXXXXX XXXXXXX XXXX
09/23/2019 - R 06/26/2019 - D	Satisfaction of Mortgage (2019092300135001)	XXXX XXX XXX XXXXXX XXX	XXXXXX XXXXXXX XXXXXX XXXX
07/05/2019 - R 06/26/2019 - D	Assignment of Leases and Rents (2019070201198002)	XXXX XXX XXX XXXXXX XXX	XXXXXXXXX XXXXXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 5523 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

$26,788

Municipal exemptions

Recent tax assessments

Market value

$1,681,000

Assessed value

$756,450

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	$1,485,000	$668,250	$215,352	12.439%	$26,788	$26,788	+6.46%
2024/25	$1,639,000	$737,550	$201,300	12.5%	$25,163	$25,163	+7.75%
2023/24	$1,733,000	$779,850	$186,788	12.502%	$23,352	$23,352	+7.01%
2022/23	$1,444,000	$649,800	$177,893	12.267%	$21,822	$21,822	+7.67%
2021/22	$1,155,000	$519,750	$165,655	12.235%	$20,268	$20,268	-0.26%
2020/21	$1,268,000	$570,600	$165,655	12.267%	$20,321	$20,321	+5.21%
2019/20	$1,288,000	$579,600	$154,846	12.473%	$19,314	$19,314	+6.58%
2018/19	$1,610,000	$724,500	$143,683	12.612%	$18,121	$18,121	+4.12%
2017/18	$1,520,000	$684,000	$136,841	12.719%	$17,405	$17,405	+5.95%
2016/17	$1,378,000	$620,100	$127,427	12.892%	$16,428	$16,428	+0.07%

Permits

Permit information for 5523 7th Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
05/04/2026	Alteration
04/05/2026	Alteration
10/01/2025	Alteration
09/19/2025	Alteration
09/18/2025	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
	01/01/2009	Ll6291-local law 62/91 - boilers
	01/06/2006	Ll6291-local law 62/91 - boilers
	09/16/1997	Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

8th Ave & 62nd St at NW Corner

Station lines

Distance (miles)

0.32

View subway map

Access the detailed traffic volume map for 5523 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

Nearby ZIP codes for 5523 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 5523 7th Avenue, Brooklyn, NY 11220?

The development at 5523 7th Avenue, Brooklyn, NY 11220 was built in 1924.

What is the market value of 5523 7th Avenue, Brooklyn, NY 11220?

The current market value of 5523 7th Avenue, Brooklyn, NY 11220 is $1,681,000.

What is the total square footage of 5523 7th Avenue, Brooklyn, NY 11220?

5523 7th Avenue, Brooklyn, NY 11220 has a total of 7,047 square feet.

What is the price per square foot for this property?

$100 per square foot is the price for 5523 7th Avenue, Brooklyn, NY 11220.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.