New York City  »  11225  »  Eastern Pkwy  »  402 Eastern Pkwy

New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 - Property report

Also known as: 1537-1553 Bedford Ave

Property image for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225
static Mapbox map

Property type

Public Elementary, Junior or Senior High (W1)

Year built

1916

Lot sq. ft.

16,720

Sale price

$16,052,000

General information

Unlock this property report with a free account

Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
New Is and District Office
Primary address
New Is and District Office - 402 Eastern Parkway
Alternate address(es)
1131-1139 Union St
1537-1553 Bedford Ave
402-408 Eastern Pkwy
ZIP code
11225
Neighborhood
Crown Heights
Borough
Brooklyn
Block & lot
01267-0001

Owner

Find out who owns New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225. Uncover corporate and individual owners with a free account.

Building
Property type
Public Elementary, Junior or Senior High (W1)
Building sq. ft.
57,840
Building dimensions
77.5 ft x 155.5 ft
Buildings on lot
1
Stories
3
Year built
1916
Last altered
2008
Building material
Sales
Sale date
06/03/2026
Sale price
$16,052,000
Tax
Tax year
2026-2027
Property tax
$390,909
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Commercial units
1
Lot
Lot dimensions
71.58 ft x 185.58 ft
Lot sq. ft.
16,720

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
90 /100.  Biker's Paradise
School district
17
Community district
9
Closest police station
0.48 Miles
Closest fire station
0.42 Miles

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

Ownership

Ownership information for New Is and District Office - 402 Eastern Parkway, 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 New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225

Sale date Sale price Buyer name Seller name
06/03/2026 $16,052,000 XX XXX XXXXXXX XXX XXXXXXX XXXXX XXXXXXXXXX, 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
06/17/2026 - R Initial UCC1
(2026061200035004)		 XX XXX XXXXXXX XXX XXXXXXXXX XXXX
06/17/2026 - R
06/03/2026 - D		 Assignment of Leases and Rents
(2026061200035003)		 XX XXX XXXXXXX XXX XXXXXXXXX XXXX
06/17/2026 - R
06/03/2026 - D		 Mortgage
(2026061200035002)		 XX XXX XXXXXXX XXX XXXXXXXXX XXXX
06/17/2026 - R
06/03/2026 - D		 Deed
(2026061200035001)		 XXXXXXX XXXXX XXXXXXXXXX XXX XX XXX XXXXXXX XXX
10/30/1984 - R Satisfaction of Mortgage
(3070001049507)		 XXXXXX XXXXX XXXXXXXXXXX XXXXX XXXXXXX XXXXXXXX X
07/18/1984 - R Satisfaction of Mortgage
(3340001030434)		 XXXXX XXXXXXX XXXX XXX XXXX XXXXX XXXXXXX
12/29/1978 - R Mortgage
(37830104401574)		 XXXXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXXX XXXXXXXX XXX
12/27/1978 - R Deed
(37830104301581)		 XXXXX XXXXXXX XXXXXXXX XXX XXXXXX XXXXX XXXXXXXXXXX XXX
08/13/1974 - R Assignment, Mortgage
(37430072801918)		 XXXXX XXXXXXX XXXX XXX XXXXX XXXX XXXX XX
07/29/1974 - R Sundry Agreement
(37430072501326)		 XXXXX XXXXXXX XXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for New Is and District Office - 402 Eastern Parkway, 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
$390,909
Municipal exemptions
Recent tax assessments
Market value
$8,397,000
Assessed value
$3,778,650

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 $8,195,000 $3,687,750 $3,463,650 10.848% $375,737 $375,737 +0.18%
2024/25 $8,075,000 $3,633,750 $3,484,890 10.762% $375,044 $375,044 +1.32%
2023/24 $7,912,000 $3,560,400 $3,494,520 10.592% $370,140 $370,140 +3.57%
2022/23 $7,460,000 $3,357,000 $3,357,000 10.646% $357,386 $357,386 +7.91%
2021/22 $6,843,000 $3,079,350 $3,079,350 10.755% $331,184 $331,184 -11.57%
2020/21 $8,431,000 $3,793,950 $3,502,260 10.694% $374,532 $374,532 +6.32%
2019/20 $8,182,000 $3,681,900 $3,343,140 10.537% $352,267 $352,267 +5.06%
2018/19 $7,862,000 $3,537,900 $3,188,970 10.514% $335,288 $335,288 +4.60%
2017/18 $7,404,000 $3,331,800 $3,048,840 10.514% $320,555 $320,555 +3.89%
2016/17 $7,035,000 $3,165,750 $2,917,980 10.574% $308,547 $308,547 +2.67%
Permits

Permit information for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
09/02/2026 No work
10/31/2024 Alteration
10/31/2024 Alteration
06/06/2022 Alteration
02/15/2022 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
03/11/2020 E-elevator elevatorrequired
06/13/2018 Aeuhaz1-fail to certify class 1
06/13/2018 Aeuhaz1-fail to certify class 1

*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

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Franklin Ave & Eastern Pkwy at SE Corner
Station lines
FS-2-3-4-5
Distance (miles)
0.153
View subway map

Access the detailed traffic volume map for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 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 New Is and District Office - 402 Eastern Parkway, Brooklyn, NY

426 Eastern Pkwy, Brooklyn 368 Eastern Pkwy, Brooklyn 420 Eastern Pkwy, Brooklyn 1085 Union St, Brooklyn 464 Eastern Pkwy, Brooklyn 1115 Union St, Brooklyn 1550 Bedford Ave, Brooklyn 458 Eastern Pkwy, Brooklyn 476 Eastern Pkwy, Brooklyn 410 Eastern Pkwy, Brooklyn 1195 Union St, Brooklyn 1087 Union St, Brooklyn 450 Eastern Pkwy, Brooklyn 470 Eastern Pkwy, Brooklyn 1095 Union St, Brooklyn 374 Eastern Pkwy, Brooklyn 356 Eastern Pkwy, Brooklyn 1101 Union St, Brooklyn 436 Eastern Pkwy, Brooklyn 348 Eastern Pkwy, Brooklyn

Nearby ZIP codes for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY

11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11210, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11221, New York City, NY 11226, New York City, NY 11230, New York City, NY 11231, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225?

The development at New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 was built in 1916.

What is the total square footage of New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225?

New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 has a total of 57,840 square feet.

When was New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 last sold and what was the sale price?

New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 was last sold on 06/03/2026 for $16,052,000.

What is the assessed value of New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225?

New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 is currently assessed at $3,778,650.

What are the property taxes for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225?

The property taxes for New Is and District Office - 402 Eastern Parkway, Brooklyn, NY 11225 total $390,908.

Disclaimer

Copyright 2003-2026 by PropertyShark.com

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.

Sign up for a free account