Kings  »  11225  »  Montgomery St  »  502 Montgomery St

502 Montgomery Street, Brooklyn, NY 11225 - Property report

Also known as: 502 Montgomery St

Property image for 502 Montgomery Street, Brooklyn, NY 11225
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Property type

Over Six Families without Stores (C1)

Year built

1935

Lot sq. ft.

3,240

Sale price

$1,550,000

General information

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Address
Primary address
502 Montgomery Street
Alternate address(es)
423 New York Ave
ZIP code
11225
Neighborhood
Crown Heights
Borough
Brooklyn
Block & lot
01310-0009

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
6,949
Building dimensions
22.11 ft x 95.2 ft
Buildings on lot
1
Stories
5
Year built
1935
Last altered
2015
Building material
Sales
Sale date
11/24/2014
Sale price
$1,550,000
Tax
Tax year
2026-2027
Property tax
$25,673
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
27 ft x 120 ft
Lot sq. ft.
3,240

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
79 /100.  Very Bikeable
School district
17
Community district
9
Closest police station
1.11 Miles
Closest fire station
0.40 Miles

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

Ownership

Ownership information for 502 Montgomery 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 502 Montgomery Street, Brooklyn, NY 11225

Sale date Sale price Buyer name Seller name
11/24/2014 $1,550,000 XXX XXXXXXXXXX XXXXXXXX XXX XXX XXXXXXXXXX XXXXXX XXXX. XXX XXXXXX XX XXXXXXXX XXXXX XXX XXXXXXXX, XXXXXXXX XXX XXXXXXXX XXXXXXXX XX XXXXXXXXXXXXX
12/31/2013 $40,000 XXX XXXXXXXXXX XXXXXX XXXX. XXXXX, XXXXXX
11/06/2013 $80,000 XXX XXXXXXXXXX XXXXXX XXXX. XXXXX, XXXXX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/10/2017 - R UCC3 Termination
(2017020900790001)		 XXX XXXXXXXXXX XXXXXXXX XXX XXXXXX XXXX X X
02/06/2017 - R
09/30/2016 - D		 Termination of Assign of L&R
(2017020101313003)		 XXX XXXXXXXXXX XXXXXXXX XXX XXXXXX XXXX X X
02/06/2017 - R
09/30/2016 - D		 Assignment, Mortgage
(2017020101313002)		 XXXXXX XXXX X X XXXXXXXXXX XXXXXXX XXXXXXXX XXX
02/06/2017 - R
09/30/2016 - D		 Assignment, Mortgage
(2017020101313001)		 XXXXXX XXXX X X XXXXXXXXXX XXXXXXX XXXXXXXX XXX
03/05/2015 - R
02/19/2015 - D		 Zoning Lot Description
(2015022700817002)		 XXXXXXXXX XXXX
01/21/2015 - R Initial UCC1
(2015010500977003)		 XXX XXXXXXXXXX XXXXXXXX XXX XXXXXX XXXX X X
03/05/2015 - R
01/16/2015 - D		 Certificate
(2015022700817001)		 XXXXXXXX XXXXXXXX XXXXX XXXXXXXXX XXXXXXX
01/21/2015 - R
11/24/2014 - D		 Assignment of Leases and Rents
(2015010500977002)		 XXX XXXXXXXXXX XXXXXXXX XXX XXXXXX XXXX X X
01/21/2015 - R
11/24/2014 - D		 Mortgage
(2015010500977001)		 XXX XXXXXXXXXX XXXXXXXX XXX XXXXXX XXXX X X
12/31/2014 - R
11/24/2014 - D		 Mortgage
(2014120501021002)		 XXX XXXXXXXXXX XXXXXXXX XXX XXXXXX XXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 502 Montgomery 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
$25,673
Municipal exemptions
Recent tax assessments
Market value
$1,506,000
Assessed value
$677,700

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 $1,330,000 $598,500 $191,102 12.439% $23,771 $23,771 +7.47%
2024/25 $1,248,000 $561,600 $176,946 12.5% $22,118 $22,118 -0.02%
2023/24 $1,159,000 $521,550 $176,946 12.502% $22,122 $22,122 +1.92%
2022/23 $1,139,000 $512,550 $176,946 12.267% $21,706 $21,706 +4.56%
2021/22 $1,071,000 $481,950 $169,672 12.235% $20,759 $20,759 +7.72%
2020/21 $1,040,000 $468,000 $157,104 12.267% $19,272 $19,272 +71.32%
2019/20 $577,000 $259,650 $90,189 12.473% $11,249 $11,249 +155.26%
2018/19 $1,385,000 $83,100 $21,067 20.919% $4,407 $4,407 +3.41%
2017/18 $1,428,000 $85,680 $20,905 20.385% $4,261 $4,261 +8.08%
2016/17 $1,058,000 $63,480 $19,723 19.991% $3,943 $3,943 +8.37%
Permits

Permit information for 502 Montgomery Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
07/19/2021 Alteration
04/30/2018 Alteration
04/25/2018 Alteration
04/03/2018 Alteration
04/03/2018 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
02/26/2024 C-construction other optional
06/27/2022 C-construction other optional
06/27/2022 C-construction other optional

*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
Nostrand Ave & Sterling St at NE Corner
Station lines
2-5
Distance (miles)
0.185
View subway map

Access the detailed traffic volume map for 502 Montgomery Street, 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 502 Montgomery Street, Brooklyn, NY

421 Empire Blvd, Brooklyn 460 Malbone St, Brooklyn 448 New York Ave, Brooklyn 526 Montgomery St, Brooklyn 381 Empire Blvd, Brooklyn 399 Empire Blvd, Brooklyn 514 Montgomery St, Brooklyn 530 Montgomery St, Brooklyn 508 Montgomery St, Brooklyn 512 Montgomery St, Brooklyn 395 Empire Blvd, Brooklyn 403 Empire Blvd, Brooklyn 397 Empire Blvd, Brooklyn 518 Montgomery St, Brooklyn 357 Empire Blvd, Brooklyn 506 Montgomery St, Brooklyn 520 Montgomery St, Brooklyn 524 Montgomery St, Brooklyn 534 Montgomery St, Brooklyn 353 Empire Blvd, Brooklyn

Nearby ZIP codes for 502 Montgomery Street, 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 502 Montgomery Street, Brooklyn, NY 11225?

The development at 502 Montgomery Street, Brooklyn, NY 11225 was built in 1935.

What is the total square footage of 502 Montgomery Street, Brooklyn, NY 11225?

502 Montgomery Street, Brooklyn, NY 11225 has a total of 6,949 square feet.

When was 502 Montgomery Street, Brooklyn, NY 11225 last sold and what was the sale price?

502 Montgomery Street, Brooklyn, NY 11225 was last sold on 11/24/2014 for $1,550,000.

What is the assessed value of 502 Montgomery Street, Brooklyn, NY 11225?

502 Montgomery Street, Brooklyn, NY 11225 is currently assessed at $677,700.

What are the property taxes for 502 Montgomery Street, Brooklyn, NY 11225?

The property taxes for 502 Montgomery Street, Brooklyn, NY 11225 total $25,672.

How many residential units does this building have?

This building has 8 residential unit(s).

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