Kings  »  11215  »  7th St  »  550 7th St

550 7th Street, Brooklyn, NY 11215 - Property report

Also known as: 550 7th St

Property image for 550 7th Street, Brooklyn, NY 11215
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Property type

Over Six Families without Stores (C1)

Year built

1920

Lot sq. ft.

4,000

Sale price

$3,600,000

General information

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Address
Primary address
550 7th Street
ZIP code
11215
Neighborhood
Park Slope
Borough
Brooklyn
Block & lot
01089-0011

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
10,636
Building dimensions
40 ft x 85.5 ft
Buildings on lot
1
Stories
4
Year built
1920
Building material
Sales
Sale date
02/25/2014
Sale price
$3,600,000
Tax
Tax year
2026-2027
Property tax
$38,991
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
8
Residential sq. ft.
Lot
Lot dimensions
40 ft x 100 ft
Lot sq. ft.
4,000

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
89 /100.  Very Bikeable
School district
15
Community district
6
Closest police station
0.99 Miles
Closest fire station
0.20 Miles

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

Ownership

Ownership information for 550 7th Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 550 7th Street, Brooklyn, NY 11215

Sale date Sale price Buyer name Seller name
02/25/2014 $3,600,000 XXX XXXXXXX XXXXXX XXXXXXXXXX, XXX XXXXXXX, XXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/08/2025 - R UCC3 Termination
(2025120500645005)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
12/08/2025 - R
11/19/2025 - D		 Termination of Assign of L&R
(2025120500645004)		 XXXX XXXXXXXXX XXXX XXX XXXXXXX XXXXXX XXXXXXXXXX XXX
12/08/2025 - R
11/19/2025 - D		 Agreement
(2025120500645003)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXXXXXXX XXXXX XXXX X X
12/08/2025 - R
11/19/2025 - D		 Mortgage
(2025120500645002)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXXXXXXX XXXXX XXXX X X
12/08/2025 - R
11/19/2025 - D		 Assignment, Mortgage
(2025120500645001)		 XXXX XXXXXXXXX XXXX XXXXXXXX XXXXX XXXX X X
12/16/2022 - R UCC3 Continuation
(2022121600493001)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXXXXXXX XXX XX
06/11/2018 - R Initial UCC1
(2018060800364001)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXXXXXXX XXX XX
12/22/2015 - R Initial UCC1
(2015111100936009)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
12/22/2015 - R UCC3 Termination
(2015111100936003)		 XXX XXXXXX XXXXXX XXXXXXXXXX XXX XXXX XXXXX XXX
12/22/2015 - R
11/09/2015 - D		 Assignment of Leases and Rents
(2015111100936008)		 XXX XXXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 7th Street, 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
$38,991
Municipal exemptions
Recent tax assessments
Market value
$4,309,000
Assessed value
$1,939,050

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 $3,591,000 $1,615,950 $313,442 12.439% $38,989 $38,989 +2.42%
2024/25 $2,992,800 $1,346,760 $304,534 12.5% $38,067 $38,067 +7.21%
2023/24 $3,741,000 $1,683,450 $284,012 12.502% $35,507 $35,507 +21.69%
2022/23 $4,104,000 $1,846,800 $237,862 12.267% $29,179 $29,179 +8.28%
2021/22 $3,858,000 $1,736,100 $220,243 12.235% $26,947 $26,947 -0.25%
2020/21 $4,823,000 $2,170,350 $220,232 12.267% $27,016 $27,016 +1.51%
2019/20 $4,494,000 $2,022,300 $213,380 12.473% $26,615 $26,615 +6.80%
2018/19 $3,745,000 $1,685,250 $197,594 12.612% $24,921 $24,921 +7.08%
2017/18 $3,223,000 $1,450,350 $182,971 12.719% $23,272 $23,272 +6.55%
2016/17 $2,936,000 $1,321,200 $169,418 12.892% $21,841 $21,841 +0.08%
Permits

Permit information for 550 7th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
07/05/2023 Alteration
11/08/2022 Alteration
09/15/2022 Alteration
06/01/2022 Alteration
06/14/2019 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
05/09/2017 C-construction
08/16/1993 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
8th Ave & 9th St at NE Corner
Station lines
F
Distance (miles)
0.077
View subway map

Access the detailed traffic volume map for 550 7th Street, Brooklyn, NY 11215 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

Neighbors for 550 7th Street, Brooklyn, NY

554 7th St, Brooklyn 437 8th St, Brooklyn 719 8th Ave, Brooklyn 431 8th St, Brooklyn 578 7th St, Brooklyn 429 8th St, Brooklyn 558 7th St, Brooklyn 562 7th St, Brooklyn 576 7th St, Brooklyn 582 7th St, Brooklyn 435 8th St, Brooklyn 701-707 8th Ave, Brooklyn 307 7th Ave, Brooklyn 427 A 8th St, Brooklyn 584 7th St, Brooklyn 433 8th St, Brooklyn 566 7th St, Brooklyn 574 7th St, Brooklyn 439 8th St, Brooklyn 580 7th St, Brooklyn

Nearby ZIP codes for 550 7th Street, Brooklyn, NY

10004, New York City, NY 10005, New York City, NY 10038, New York City, NY 10271, New York City, NY 11201, New York City, NY 11204, New York City, NY 11205, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11225, 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 550 7th Street, Brooklyn, NY 11215?

The development at 550 7th Street, Brooklyn, NY 11215 was built in 1920.

What is the total square footage of 550 7th Street, Brooklyn, NY 11215?

550 7th Street, Brooklyn, NY 11215 has a total of 10,636 square feet.

When was 550 7th Street, Brooklyn, NY 11215 last sold and what was the sale price?

550 7th Street, Brooklyn, NY 11215 was last sold on 02/25/2014 for $3,600,000.

What is the assessed value of 550 7th Street, Brooklyn, NY 11215?

550 7th Street, Brooklyn, NY 11215 is currently assessed at $1,939,050.

What are the property taxes for 550 7th Street, Brooklyn, NY 11215?

The property taxes for 550 7th Street, Brooklyn, NY 11215 total $38,990.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

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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.

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