507 Flatbush Avenue, Brooklyn, NY 11225 Property Information
507 Flatbush Avenue, Brooklyn, NY 11225 Property Information
- General
- Owner
- Documents
- Tax
- Permits
- Neighborhood
Address
| Primary address | 507 Flatbush Avenue |
| Secondary address | 507-511 Flatbush Ave |
| Neighborhood | Prospect - Lefferts Gardens |
| Zip code | 11225 |
| Borough | Brooklyn |
| Block & lot | 01197-0001 |
Sales & Tax Overview for 507 Flatbush Avenue, Brooklyn
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $195,771 |
Lot & Building Information for 507 Flatbush Avenue, Brooklyn
| Lot sq. ft. | 10,115 |
| Lot dimensions | |
| Property type | Office with Commercial - 1 to 6 Stories (O5)
|
| Building sqft | 29,000 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 3 |
| Year built | 1930 |
| Construction type | Register |
Area Overview
| School district | 17 |
| Community district | 9 |
| Closest police station | 0.69 Miles |
| Closest fire station | 0.41 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 507 Flatbush Avenue, Brooklyn
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Alternate Addresses
You will find all alternate addresses for the property in this section.
- 507-511 Flatbush Ave, Brooklyn, NY 11225
- 1-11 Lefferts Ave, Brooklyn, NY 11225
- 1118-1128 Washington Ave, Brooklyn, NY 11225
About 507 Flatbush Avenue, Brooklyn
This Office with Commercial - 1 to 6 Stories (O5) located at 507 Flatbush Avenue, Brooklyn, NY 11225 has a total of 29,000 square feet.
What is the year built & the current market value of 507 Flatbush Avenue, Brooklyn, NY 11225?507 Flatbush Avenue, Brooklyn, NY 11225 was built in 1930 and has a current tax assessor's market value of $4,533,000.
How many commercial spaces does this building have?This building has 6 commercial spaces available for lease.
Ownership Information for 507 Flatbush Avenue, Brooklyn
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Past Sales & Property History for 507 Flatbush Avenue, Brooklyn
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No recorded sales for this property.
Title Documents for 507 Flatbush Avenue, Brooklyn
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R: Recorded date
D: Document date
Property Taxes for 507 Flatbush Avenue, Brooklyn
Access detailed property tax data for 507 Flatbush Avenue, Brooklyn, NY 11225. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $176,401 |
| Estimated property tax: | $195,771 |
| Tax assessor's market value: | $4,533,000 |
| Assessed value: | $2,039,850 |
Assessment History for 507 Flatbush Avenue, Brooklyn
Here's the assessment & property tax history for 507 Flatbush 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 | $4,533,000 | $2,039,850 | $1,626,120 | 10.848% | $176,401 | $176,401 | +6.11% |
| 2024/25 | $4,013,000 | $1,805,850 | $1,544,670 | 10.762% | $166,237 | $166,237 | +5.87% |
| 2023/24 | $3,555,000 | $1,599,750 | $1,482,390 | 10.592% | $157,015 | $157,015 | +3.84% |
| 2022/23 | $3,215,000 | $1,446,750 | $1,420,380 | 10.646% | $151,214 | $151,214 | +13.53% |
| 2021/22 | $2,752,000 | $1,238,400 | $1,238,400 | 10.755% | $133,190 | $133,190 | -1.98% |
Permits for 507 Flatbush Avenue, Brooklyn
The complete history of permits filed for 507 Flatbush 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.
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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.
Check out recently sold homes in Brooklyn and see how their prices compare.
Risk
| FEMA flood zone(s): | X (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Flatbush Ave & Empire Blvd at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | B-Q-FS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.071 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Flatbush Av/Lincoln Rd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Neighbors for 507 Flatbush Avenue, Brooklyn
Here are the neighbors for 507 Flatbush Avenue, Brooklyn, NY 11225.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 513 Flatbush Ave, Brooklyn | 150 | 03/18/2009 | $493,000 |
| 1035 Washington Ave, Brooklyn | 117,250 | 08/28/1997 | |
| 104 Montgomery St, Brooklyn | 12,393 | 12/19/2024 | $9,000,000 |
| 581 Franklin Ave, Brooklyn | 4,400 | 03/11/2015 | |
| 1015 Washington Ave, Brooklyn | 95,000 | 04/29/1999 | |
| 585 Franklin Ave, Brooklyn | 3,974 | 08/04/2016 | $1,200,000 |
| 43 Empire Blvd, Brooklyn | 1,184 | 08/15/1985 | |
| 1055 Washington Ave, Brooklyn | 3,410 | 06/20/1990 | |
| 1 Sullivan Pl, Brooklyn | 52,670 | 05/06/2020 | |
| 495 Flatbush Ave, Brooklyn | 110,000 | 01/16/2018 | |
| 40 Empire Blvd, Brooklyn | 4,400 | 09/22/2023 | |
| 1078 Washington Ave, Brooklyn | 09/22/2023 | ||
| 972 Franklin Ave, Brooklyn | 845 | 09/16/2025 | $45,000,000 |
| 469 Flatbush Ave, Brooklyn | 3,515 | 07/16/2014 | |
| 587 Franklin Ave, Brooklyn | 6,763 | 06/11/2004 | $768,500 |
| 503 Flatbush Ave, Brooklyn | 12,670 | 07/31/2017 | $1,610,000 |
| 475 Flatbush Ave, Brooklyn | |||
| 941 Washington Ave, Brooklyn | 65,000 | 12/14/2023 |