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198 5th Avenue, Brooklyn, NY 11217 Property Information

198 5th Avenue, Brooklyn, NY 11217 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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198 5th Avenue, Brooklyn, NY 11217 1
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Address

Primary address 198 5th Avenue
Neighborhood Park Slope
Zip code 11217
Borough Brooklyn
Block & lot 00952-0037

Sales & Tax Overview for 198 5th Avenue, Brooklyn

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

Purchase date 08/05/2020
Purchase price $3,750,000
Tax class
Estimated property tax $49,054

Lot & Building Information for 198 5th Avenue, Brooklyn

Lot sqft 2,300
Lot dimensions 25 ft x 92 ft
Building class Multi-Story Retail Building (2 or More) (K2)
Building sqft 4,296
Building dimensions 25 ft x 92 ft
Buildings on lot 1
Stories 2
Year built 1920
Construction type
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Zoning & Use for 198 5th Avenue, Brooklyn

Zoning
Commercial units 2
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 6
Closest police station 0.42 Miles
Closest fire station 0.24 Miles

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

Other Property Data for 198 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 198 5th Avenue, Brooklyn, NY 11217, 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 198 5th Avenue, Brooklyn, NY 11217, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 198 5th Avenue, Brooklyn

How many sq. ft. does 198 5th Avenue, Brooklyn, NY 11217 have & what is the price per sq. ft?

This Multi-Story Retail Building (2 or More) (K2) located at 198 5th Avenue, Brooklyn, NY 11217 has a total of 4,296 square feet and a current price per square foot of $872.

What is the year built & the current market value of 198 5th Avenue, Brooklyn, NY 11217?

198 5th Avenue, Brooklyn, NY 11217 was built in 1920 and has a current tax assessor's market value of $1,132,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 198 5th Avenue, Brooklyn

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Property owner name for 198 5th Avenue, Brooklyn, NY 11217
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Building contacts for 198 5th Avenue, Brooklyn, NY 11217
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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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 198 5th Avenue, Brooklyn

Create a free account to view the complete sales history for 198 5th Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
08/05/2020 $3,750,000

Title Documents for 198 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
09/23/2022 - R UCC3 Termination
(2022092101013002)
09/23/2022 - R Initial UCC1
(2022092100921005)
09/20/2022 - D
09/23/2022 - R
Termination of Assign of L&R
(2022092101013001)
09/20/2022 - D
09/23/2022 - R
Assignment of Leases and Rents
(2022092100921004)
09/20/2022 - D
09/23/2022 - R
Agreement
(2022092100921003)
09/20/2022 - D
09/23/2022 - R
Mortgage
(2022092100921002)
08/17/2022 - D
09/23/2022 - R
Assignment, Mortgage
(2022092100921001)
10/05/2020 - R Initial UCC1
(2020092300636005)
09/16/2020 - D
10/05/2020 - R
Assignment of Leases and Rents
(2020092300636004)
09/16/2020 - D
10/05/2020 - R
Agreement
(2020092300636003)
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R: Recorded date
D: Document date

Property Taxes for 198 5th Avenue, Brooklyn

Access detailed property tax data for 198 5th Avenue, Brooklyn, NY 11217. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $44,461
Estimated property tax: $49,054
Tax assessor's market value: $1,132,000
Assessed value: $509,400

Assessment History for 198 5th Avenue, Brooklyn

Here's the assessment & property tax history for 198 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 $1,132,000 $509,400 $409,858 10.848% $44,461 $44,461 +18.10%
2024/25 $837,000 $376,650 $349,830 10.762% $37,649 $37,649 +3.31%
2023/24 $777,000 $349,650 $344,070 10.592% $36,444 $36,444 +3.64%
2022/23 $734,000 $330,300 $330,300 10.646% $35,164 $35,164 +7.96%
2021/22 $673,000 $302,850 $302,850 10.755% $32,572 $32,572 -5.23%

Permits for 198 5th Avenue, Brooklyn

The complete history of permits filed for 198 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
04/28/2025 Alteration
12/17/2024 Alteration
10/25/2024 Alteration
05/09/2022 Alteration
04/21/2022 Alteration
03/30/2022 Alteration
11/11/2021 Alteration
10/28/2021 Alteration
09/17/2021 Alteration
09/15/2021 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)
Hurricane evacuation zone: 5 (See more on map)

Transportation

Distance to Subway
Closest station 4th Ave & Union St at SE Corner
Station lines R
Distance (miles) 0.135
View subway map
Bus Routes
Name 5 Av/Union St
Line B63
Distance (miles) 0.02

Neighbors for 198 5th Avenue, Brooklyn

Here are the neighbors for 198 5th Avenue, Brooklyn, NY 11217.

Address Square feet Purchase date Purchase price
717 Union St, Brooklyn 2,232
196 5th Ave, Brooklyn 2,532 06/11/1997
732 Sackett St, Brooklyn 2,700 02/27/1993
720 Sackett St, Brooklyn 1,500 07/20/2020 $2,325,000
713 Union St, Brooklyn 2,335 07/22/2019 $2,580,000
722 Sackett St, Brooklyn 1,552 04/26/2007 $1,200,000
719 Union St, Brooklyn 6,120 08/28/2025 $4,000,000
194 5th Ave, Brooklyn 2,982 06/11/1997
723 Union St, Brooklyn 4,080 01/28/2000
721 Union St, Brooklyn 6,120 04/09/1971
711 Union St, Brooklyn 5,964 03/12/2010 $250,000
730 Sackett St, Brooklyn 7,050 12/20/1990
204 5th Ave, Brooklyn 3,300 03/29/2024 $2,405,000
715 Union St, Brooklyn 2,320 05/30/2007 $1,430,000
192 5th Ave, Brooklyn 2,532 06/12/1997
716 Sackett St, Brooklyn 5,164 09/20/2005 $1,100,000
200 5th Ave, Brooklyn 2,070 08/05/2020 $3,750,000
724 Sackett St, Brooklyn 3,211 12/21/2006 $1,550,000
202 5th Ave, Brooklyn 3,300 03/29/2024 $2,330,000
190 5th Ave, Brooklyn 2,532 06/18/2015 $2,750,000
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