New York City  »  11216  »  Greene Ave  »  550 Greene Ave

Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 - Property report

Also known as: 550 Greene Ave

Property image for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216
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Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

1984

Lot sq. ft.

61,000

Sale price

$190,000

General information

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Address
Building name
Cornerstone Sandy F Ray Housing
Primary address
Cornerstone Sandy F Ray Housing - 550 Greene Avenue
Alternate address(es)
333-361 Lexington Ave
550-564 Greene Ave
736-754 Marcy Ave
ZIP code
11216
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01798-0040

Owner

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Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
128,000
Building dimensions
270 ft x 200 ft
Buildings on lot
1
Stories
7
Year built
1984
Last altered
2012
Building material
Sales
Sale date
06/16/2004
Sale price
$190,000
Tax
Tax year
2026-2027
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
151
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
305 ft x 200 ft
Lot sq. ft.
61,000

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
88 /100.  Excellent Transit
Bike score
86 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.16 Miles
Closest fire station
0.22 Miles

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

Ownership

Ownership information for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY

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

Sales history for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216

Sale date Sale price Buyer name Seller name
06/16/2004 $190,000 XXX XXXXX XXXXXXX XXXX. XXXXXXXX XXXXX, XXXXXX XXXXXXXXXXXX XX XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/25/2016 - R
12/17/2015 - D		 Memorandum of Lease
(2016010700368001)		 XXXXXXXXXXX XXXXXXX XXXXXXXXXX X X XXX XXXXXXX XXXXXXXX
12/09/2014 - R
11/13/2014 - D		 Agreement
(2014120100322001)		 XXXXXXXXXXX XXXXXXX XXXXXXXXXX XX XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXXXXXX XXXX
07/08/2014 - R
06/10/2014 - D		 Sundry Agreement
(2014062600289001)		 XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXXXXXX
01/29/2013 - R
12/20/2012 - D		 Agreement
(2012123000038005)		 XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXX XX XXX XXXXXXXX XXXXX XXXX X X
01/29/2013 - R
12/20/2012 - D		 Mortgage
(2012123000038004)		 XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXX XX XXX XXX XXXX XXXXX XXXXXXX XXXXXXX XXXXXX
01/29/2013 - R
12/20/2012 - D		 Agreement
(2012123000038003)		 XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXX XX XXX XXX XXXX XXXXX XXXXXXX XXXXXXX XXXXXX
01/29/2013 - R
12/20/2012 - D		 Agreement
(2012123000038002)		 XXXXXXXXXXX XXXXXXX X X X X XXX XXXXXXXXXXX XXXXXXX XXXXXXXXXX X X
01/29/2013 - R
12/20/2012 - D		 Agreement
(2012123000038001)		 XXXXXXXXXXX XXXXXXX XXXXXXXXXX X X XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
08/05/2011 - R Initial UCC1
(2011080500433001)		 XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXXXXXX XXXX XX XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX XX XXXX
08/27/2004 - R
07/23/2004 - D		 Memorandum of Lease
(2004080901466001)		 XXXXXXXXXXX XXXXXXX XXXXXXX XXXXXXXXXXX XXXX XXX XXXX XXXX XXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, 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
Municipal exemptions
Recent tax assessments
Market value
$16,956,000
Assessed value
$7,630,200

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 $13,887,000 $6,249,150 $0 12.439% $702,022 $0 n/a
2024/25 $12,985,000 $5,843,250 $0 12.5% $697,939 $0 n/a
2023/24 $12,853,000 $5,783,850 $0 12.502% $700,323 $0 n/a
2022/23 $11,742,000 $5,283,900 $0 12.267% $648,176 $0 n/a
2021/22 $11,241,000 $5,058,450 $0 12.235% $618,901 $0 n/a
2020/21 $13,218,000 $5,948,100 $0 12.267% $729,653 $0 n/a
2019/20 $13,187,000 $5,934,150 $0 12.473% $740,167 $0 n/a
2018/19 $13,765,000 $6,194,250 $0 12.612% $719,947 $0 n/a
2017/18 $12,681,000 $5,706,450 $0 12.719% $634,272 $0 n/a
2016/17 $12,082,000 $5,436,900 $0 12.892% $608,416 $0 n/a
Permits

Permit information for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
10/26/2023 Alteration
06/17/2013 Alteration type 3
04/24/2013 Alteration type 2
03/06/2013 Alteration type 3
10/19/2012 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
12/01/2023 Egrade-failure to post energy grade/score none
06/30/2023 Lblvio-low pressure boiler boiler required

*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 & Lafayette Ave at SW Corner
Station lines
G
Distance (miles)
0.191
View subway map

Access the detailed traffic volume map for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 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 Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY

535 Greene Ave, Brooklyn 529 Greene Ave, Brooklyn 730 Marcy Ave, Brooklyn 718 Marcy Ave, Brooklyn 724 Marcy Ave, Brooklyn 533 Greene Ave, Brooklyn 732 Marcy Ave, Brooklyn 726 Marcy Ave, Brooklyn 541 Greene Ave, Brooklyn 527 Greene Ave, Brooklyn 519 Greene Ave, Brooklyn 720 Marcy Ave, Brooklyn 563 Greene Ave, Brooklyn 716 Marcy Ave, Brooklyn 539 Greene Ave, Brooklyn 531 Greene Ave, Brooklyn 527 A Greene Ave, Brooklyn 525 Greene Ave, Brooklyn 728 Marcy Ave, Brooklyn 722 Marcy Ave, Brooklyn

Nearby ZIP codes for Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY

10002, New York City, NY 11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, 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 11217, New York City, NY 11218, New York City, NY 11221, New York City, NY 11222, New York City, NY 11225, New York City, NY 11226, 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 Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216?

The development at Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 was built in 1984.

What is the total square footage of Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216?

Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 has a total of 128,000 square feet.

When was Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 last sold and what was the sale price?

Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 was last sold on 06/16/2004 for $190,000.

What is the assessed value of Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216?

Cornerstone Sandy F Ray Housing - 550 Greene Avenue, Brooklyn, NY 11216 is currently assessed at $7,630,200.

How many residential units does this building have?

This building has 151 residential unit(s).

Disclaimer

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