New York City » 11221 » Monroe St » 388 Monroe St

388 Monroe Street, Brooklyn, NY 11221 - Property report

Also known as: 388 Monroe St

Property image for 388 Monroe Street, Brooklyn, NY 11221

Property type

Four Families (C3)

Year built

1931

Lot sq. ft.

1,925

Sale price

$2,000,000

General information

Address

Primary address

388 Monroe Street

ZIP code

11221

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

01820-0026

Building

Property type

Four Families (C3)

Building sq. ft.

3,225

Building dimensions

19.25 ft x 42 ft

Buildings on lot

Stories

Year built

1931

Building material

Stone

Exterior wall

None

Basement

Sales

Sale date

05/26/2022

Sale price

$2,000,000

Tax

Tax year

2026-2027

Property tax

$7,914

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Monroe Street (narrow)

Nearest wide street

Lexington Avenue

Distance to wide street

Lot dimensions

19.25 ft x 100 ft

Lot sq. ft.

1,925

Area overview

Walk score

93 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

76 /100. Very Bikeable

School district

Community district

Closest police station

0.17 Miles

Closest fire station

0.38 Miles

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

Ownership

Ownership information for 388 Monroe Street, 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 388 Monroe Street, Brooklyn, NY 11221

Sale date	Sale price	Buyer name	Seller name
05/26/2022	$2,000,000	XXXXXXX, XXXX XXX XXXXXX, XXXX	XXXXX, XXXXX X XX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/01/2023 - R 10/18/2023 - D	Assignment, Mortgage (2023103001398001)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/27/2022 - R 06/13/2022 - D	Satisfaction of Mortgage (2022061600047001)	XXXXX XX XXXXX X	XXXXXXXX XXXXX XXXX X X
06/17/2022 - R 05/26/2022 - D	Mortgage (2022061000419004)	XXXXXXX XXXX	XXXXX XXXXXXXX XXXX
06/17/2022 - R 05/26/2022 - D	Deed (2022061000419003)	XXXXX XXXXX X XX	XXXXXXX XXXX
06/17/2022 - R 05/11/2022 - D	Power of Attorney (2022061000419002)	XXXXXXX XXXX	XXXXXXX XXXXX
06/17/2022 - R 05/05/2022 - D	Power of Attorney (2022061000419001)	XXXXXX XXXX	XXXXXXX XXXXX
02/04/2014 - R	UCC3 Continuation (2014013000997002)	XXXXX XXXXX X XX	XXXX XXXXXXX XXX XXXX
11/18/2009 - R 11/12/2009 - D	Deed (2009110500961001)	XXXXX XXXXX X	XXXXX XXXXX X
02/20/2009 - R	Initial UCC1 (2009021900418008)	XXXXX XXXXX X XX	XXXX XXXXXXX XXX XXX X
05/02/2006 - R 04/07/2006 - D	Mortgage (2006041700511001)	XXXXX XX XXXXX X	XX XXXXXX XXXXX XXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 388 Monroe 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

$7,914

Municipal exemptions

Recent tax assessments

Market value

$883,000

Assessed value

$397,350

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	$736,000	$331,200	$63,621	12.439%	$7,914	$7,914	+2.86%
2024/25	$613,200	$275,940	$61,550	12.5%	$7,694	$7,694	+7.90%
2023/24	$511,000	$229,950	$57,035	12.502%	$7,131	$7,131	+10.03%
2022/23	$426,000	$191,700	$52,827	12.267%	$6,480	$6,480	+8.22%
2021/22	$340,900	$153,405	$48,939	12.235%	$5,988	$5,988	-0.26%
2020/21	$331,000	$148,950	$48,939	12.267%	$6,003	$6,003	+1.66%
2019/20	$276,000	$124,200	$47,346	12.473%	$5,905	$5,905	+6.73%
2018/19	$230,000	$103,500	$43,873	12.612%	$5,533	$5,533	+7.06%
2017/18	$204,000	$91,800	$40,636	12.719%	$5,168	$5,168	+6.50%
2016/17	$163,000	$73,350	$37,645	12.892%	$4,853	$4,853	+0.07%

Permits

Permit information for 388 Monroe Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
07/24/2023	Alteration
05/17/2023	Alteration
10/13/2022	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	05/05/2026	A
	11/20/2025	I
	06/10/2025	A

*Most recent HPD violations on record for this property.

Neighborhood

Bedford residential market stats

Access a detailed real estate market overview of Bedford so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Bedford and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Throop Ave & Fulton St at NW Corner

Station lines

A-C

Distance (miles)

0.438

View subway map

Access the detailed traffic volume map for 388 Monroe Street, Brooklyn, NY 11221 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 44 Marcus Garvey	3	Yes	Public	PK, K-5	119	0.11
P.S. 44 Marcus Garvey	3	Yes	Public	PK, K-5	119	0.11
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.08
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.09
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.09
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.12
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.12
P.S. 305 Dr Peter Ray	NR	No	Public	PK, K-5	102	0.12
P.S. 305 Dr Peter Ray	NR	No	Public	PK, K-5	102	0.12
The Co-Op School	NR	No	Private	K-7	118	0.22

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.08
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.09
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.11
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.12
The Co-Op School	NR	No	Private	K-7	118	0.22
Brooklyn East Collegiate Charter School	7	No	Charter	8	66	0.25
Leadership Preparatory Bedford Stuyvesant Charter School	6	No	Charter	K-12	1,186	0.31
P.S. 140	NR	No	Public	K-10	318	0.31
Success Academy Charter School-Nyc 9	9	No	Charter	5-8	232	0.39
Walk In Love Christian Academy	NR	No	Private	PK, K-12	291	0.43

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Boys and Girls High School	2	Yes	Public	9-12	403	0.77
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.08
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.09
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.11
Brooklyn Academy High School	NR	No	Public	10-12	82	0.25
Bedford Stuyvesant Prepretory High School	NR	No	Public	10-12	102	0.28
Leadership Preparatory Bedford Stuyvesant Charter School	6	No	Charter	K-12	1,186	0.31
P.S. 140	NR	No	Public	K-10	318	0.31
Walk In Love Christian Academy	NR	No	Private	PK, K-12	291	0.43
Ember Charter School	7	No	Charter	K-12	423	0.44

Frequently asked questions

What is the year built for 388 Monroe Street, Brooklyn, NY 11221?

The development at 388 Monroe Street, Brooklyn, NY 11221 was built in 1931.

What is the total square footage of 388 Monroe Street, Brooklyn, NY 11221?

388 Monroe Street, Brooklyn, NY 11221 has a total of 3,225 square feet.

When was 388 Monroe Street, Brooklyn, NY 11221 last sold and what was the sale price?

388 Monroe Street, Brooklyn, NY 11221 was last sold on 05/26/2022 for $2,000,000.

What is the assessed value of 388 Monroe Street, Brooklyn, NY 11221?

388 Monroe Street, Brooklyn, NY 11221 is currently assessed at $397,350.

What are the property taxes for 388 Monroe Street, Brooklyn, NY 11221?

The property taxes for 388 Monroe Street, Brooklyn, NY 11221 total $7,913.

How many residential units does this building have?

This building has 4 residential unit(s).

Disclaimer

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.