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502 Lexington Avenue, Brooklyn, NY 11221 Property Information

502 Lexington Avenue, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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502 Lexington Avenue, Brooklyn, NY 11221 1
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Address

Primary address 502 Lexington Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01806-0026

Sales & Tax Overview for 502 Lexington Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 12/30/2005
Purchase price $8,671,757
Tax class
Estimated property tax $6,145

Lot & Building Information for 502 Lexington Avenue, Brooklyn

Lot sqft 3,000
Lot dimensions 30 ft x 100 ft
Building class Five to Six Families (C2) i
Building sqft 5,508
Building dimensions 27 ft x 68 ft
Buildings on lot 1
Stories 3
Year built 1931
Construction type
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Zoning & Use for 502 Lexington Avenue, Brooklyn

Zoning
Residential units (DOF) 6
Regulated units
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.19 Miles
Closest fire station 0.29 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 502 Lexington Avenue, Brooklyn

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Floor area ratio (FAR) for 502 Lexington Avenue, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 502 Lexington Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 502 Lexington Avenue, Brooklyn

What is the year built & the total sq. ft. for 502 Lexington Avenue, Brooklyn, NY 11221?

502 Lexington Avenue, Brooklyn, NY 11221 was built in 1931 and has a total of 5,508 square feet.

What is the assessed value of 502 Lexington Avenue, Brooklyn, NY 11221 and the property tax paid?

Assessed at $564,300, the tax amount paid for 502 Lexington Avenue, Brooklyn, NY 11221 is $19,579. For the next year, the tax amount for 502 Lexington Avenue, Brooklyn, NY 11221 is estimated at $6,145.

When was 502 Lexington Avenue, Brooklyn, NY 11221 last sold and what was the last sale price?

502 Lexington Avenue, Brooklyn, NY 11221 was last sold in 12/30/2005 for $8,671,757.

How many residential units does this building have?

This building has 6 residential unit(s).

Ownership Information for 502 Lexington Avenue, Brooklyn

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Property owner name for 502 Lexington Avenue, Brooklyn, NY 11221
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Building contacts for 502 Lexington Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 502 Lexington Avenue, Brooklyn

Create a free account to view the complete sales history for 502 Lexington Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
12/30/2005 $8,671,757

Title Documents for 502 Lexington Avenue, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
06/25/2014 - D
08/21/2014 - R
Agreement
(2014081201100001)
12/30/2005 - D
03/16/2006 - R
Release
(2006011701788005)
12/30/2005 - D
03/16/2006 - R
Agreement
(2006011701788004)
12/30/2005 - D
03/16/2006 - R
Agreement
(2006011701788003)
12/30/2005 - D
03/16/2006 - R
Mortgage
(2006011701788002)
12/30/2005 - D
03/16/2006 - R
Deed
(2006011701788001)
12/29/2005 - D
02/09/2006 - R
Partial Release of Mortgage
(2006012301731005)
12/29/2005 - D
02/09/2006 - R
Partial Release of Mortgage
(2006012301731004)
12/29/2005 - D
02/09/2006 - R
Partial Release of Mortgage
(2006012301731003)
12/29/2005 - D
02/09/2006 - R
Partial Release of Mortgage
(2006012301731002)
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R: Recorded date
D: Document date

Property Taxes for 502 Lexington Avenue, Brooklyn

Access detailed property tax data for 502 Lexington Avenue, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $4,579
Estimated property tax: $6,145
Tax assessor's market value: $1,254,000
Assessed value: $564,300

Assessment History for 502 Lexington Avenue, Brooklyn

Here's the assessment & property tax history for 502 Lexington 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 $1,254,000 $564,300 $157,403 12.439% $19,579 $4,579 +42.30%
2024/25 $1,045,200 $470,340 $145,744 12.5% $18,218 $3,218 +71.96%
2023/24 $871,000 $391,950 $134,949 12.502% $16,871 $1,871 +20.40%
2022/23 $726,000 $326,700 $134,949 12.267% $16,554 $1,554 +55.57%
2021/22 $580,900 $261,405 $130,764 12.235% $15,999 $999 -93.27%

Permits for 502 Lexington Avenue, Brooklyn

The complete history of permits filed for 502 Lexington 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.

Filing date Job type Job status Job description Initial cost
10/28/2003 Alteration type 1
10/14/2003 Alteration type 1
08/06/2003 Alteration type 2
11/27/2001 Alteration type 2
10/16/2001 Alteration type 1
04/17/1997 Alteration type 2
08/29/1991 Alteration type 2
06/13/1991 Alteration type 2
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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.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Nostrand Ave & Lafayette Ave at SW Corner
Station lines G
Distance (miles) 0.591
View subway map
Bus Routes
Name Marcus Garvey Bl/Lexington Av
Line B15
Distance (miles) 0.063

Neighbors for 502 Lexington Avenue, Brooklyn

Here are the neighbors for 502 Lexington Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
509 Quincy St, Brooklyn 3,832 08/10/2021 $1,050,000
423 Throop Ave, Brooklyn 4,875 12/20/2021
486 Lexington Ave, Brooklyn 4,635 09/19/2025 $10
419 Throop Ave, Brooklyn 4,875 08/15/2001
511 Quincy St, Brooklyn 4,830 05/23/2017 $1,400,000
490 A Lexington Ave, Brooklyn 1,920 03/01/2012 $355,000
512 Lexington Ave, Brooklyn 1,974 09/15/2022 $830,000
516 Lexington Ave, Brooklyn 2,809 03/08/2023 $2,245,000
262 Marcus Garvey Blvd, Brooklyn 4,056 04/12/2013
492 Lexington Ave, Brooklyn 1,920 10/03/2019 $980,000
490 Lexington Ave, Brooklyn 1,920 05/05/1995
421 Throop Ave, Brooklyn 6,312 01/18/2013 $580,000
254 Marcus Garvey Blvd, Brooklyn 5,248 06/30/2015 $2,672,679
260 Marcus Garvey Blvd, Brooklyn 4,056 10/16/2015 $888,656
488 Lexington Ave, Brooklyn 2,880 07/31/2018 $999,000
482 Lexington Ave, Brooklyn 05/17/2022 $442,000
417 Throop Ave, Brooklyn 5,750 03/27/2023 $2,740,000
518 Lexington Ave, Brooklyn 2,052 06/15/2006
256 Marcus Garvey Blvd, Brooklyn 4,056 05/08/2017
258 Marcus Garvey Blvd, Brooklyn 4,056 04/02/2012 $492,358
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