Kings  »  11216  »  Nostrand Ave  »  551 Nostrand Ave

551 Nostrand Avenue, Brooklyn, NY 11216 - Property report

Also known as: 551 Nostrand Ave

Property image for 551 Nostrand Avenue, Brooklyn, NY 11216
static Mapbox map

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Year built

1910

Lot sq. ft.

1,748

Sale price

$1,015,000

General information

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

Address
Primary address
551 Nostrand Avenue
Alternate address(es)
1241-1245 Atlantic Ave
ZIP code
11216
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01867-0001

Owner

Find out who owns 551 Nostrand Avenue, Brooklyn, NY 11216. Uncover corporate and individual owners with a free account.

Building
Property type
Single or Multiple Dwelling with Stores or Offices (S9)
Building sq. ft.
6,000
Building dimensions
25 ft x 60 ft
Buildings on lot
1
Stories
4
Year built
1910
Last altered
2016
Building material
Sales
Sale date
01/19/2012
Sale price
$1,015,000
Tax
Tax year
2026-2027
Property tax
$23,769
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
6
Residential sq. ft.
Commercial units
2
Retail sq. ft.
Lot
Lot dimensions
25 ft x 69.92 ft
Lot sq. ft.
1,748

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
86 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.72 Miles
Closest fire station
0.44 Miles

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

Ownership

Ownership information for 551 Nostrand 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 551 Nostrand Avenue, Brooklyn, NY 11216

Sale date Sale price Buyer name Seller name
01/19/2012 $1,015,000 XXX XXXXXXXX XXX XXX XXXXXX XXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
09/07/2016 - R
08/30/2016 - D		 Satisfaction of Mortgage
(2016090600554001)		 XXX XXXXXXXX XXX XXX XXXXXX XXXXXX XXXX
02/13/2012 - R
01/19/2012 - D		 Mortgage
(2012012501370002)		 XXX XXXXXXXX XXX XXX XXXXXX XXXXXX XXX X
02/13/2012 - R
01/19/2012 - D		 Deed
(2012012501370001)		 XXX XXXXXX XXXX XXX XXXXXXXX XXX
09/11/2009 - R
02/13/2009 - D		 Satisfaction of Mortgage
(2009090301241001)		 XXX XXXXXX XXXXXX XXXX XXXXXXX XXX
06/18/1999 - R Mortgage
(3930006650393)		 XXX XXXXXX XXXXXX XXXXXXXXXXX XXXXXXX XXX
06/18/1999 - R Deed
(3720006651272)		 XXXXXXX XXX XXX XXXXXX XXXXXX XXXX
06/19/1985 - R Satisfaction of Mortgage
(3890001094889)		 XXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXX
07/05/1978 - R Deed
(37830100301967)		 XXXXXX XXXX XXXX XXXXXXX XXX
06/02/1975 - R Deed
(37530078200468)		 XXXXX XXXXXXXX XXXXXX XXXXXXX XXXX
06/02/1975 - R Mortgage
(37530078200464)		 XXXXXX XXXXXXX XXXX XXXXX XXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Nostrand 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
Property tax
$23,769
Municipal exemptions
Recent tax assessments
Market value
$1,199,000
Assessed value
$539,550

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 $1,499,000 $674,550 $177,285 12.439% $22,052 $22,052 +7.24%
2024/25 $1,347,000 $606,150 $164,509 12.5% $20,564 $20,564 +0.26%
2023/24 $1,480,000 $666,000 $164,059 12.502% $20,511 $20,511 +5.33%
2022/23 $1,454,000 $654,300 $158,745 12.267% $19,473 $19,473 +8.28%
2021/22 $1,163,000 $523,350 $146,986 12.235% $17,984 $17,984 +7.50%
2020/21 $1,204,000 $541,800 $136,373 12.267% $16,729 $16,729 +5.99%
2019/20 $1,003,600 $451,620 $126,545 12.473% $15,784 $15,784 +0.08%
2018/19 $828,000 $372,600 $125,045 12.612% $15,771 $15,771 +2.27%
2017/18 $715,500 $321,975 $121,236 12.719% $15,420 $15,420 +8.51%
2016/17 $295,000 $132,750 $110,224 12.892% $14,210 $14,210 +8.07%
Permits

Permit information for 551 Nostrand Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
07/03/2025 Alteration
06/19/2025 Alteration
02/09/2022 Alteration
09/10/2021 Alteration
08/17/2021 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
04/25/2023 Lblvio-low pressure boiler boiler required
03/11/2017 C-construction
05/15/2014 Lblvio-low pressure boiler

*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 & Fulton St at SE Corner
Station lines
A-C
Distance (miles)
0.11
View subway map

Access the detailed traffic volume map for 551 Nostrand 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 551 Nostrand Avenue, Brooklyn, NY

1223 Atlantic Ave, Brooklyn 547 Nostrand Ave, Brooklyn 543 Nostrand Ave, Brooklyn 529 Nostrand Ave, Brooklyn 521 Nostrand Ave, Brooklyn 1213 Atlantic Ave, Brooklyn 50 Herkimer Pl, Brooklyn 1211 Atlantic Ave, Brooklyn 527 Nostrand Ave, Brooklyn 525 Nostrand Ave, Brooklyn 48 Herkimer Pl, Brooklyn 549 Nostrand Ave, Brooklyn 535 Nostrand Ave, Brooklyn 1237 Atlantic Ave, Brooklyn 1205 Atlantic Ave, Brooklyn 533 Nostrand Ave, Brooklyn 1219 Atlantic Ave, Brooklyn 580 Nostrand Ave, Brooklyn 531 Nostrand Ave, Brooklyn 1229 Atlantic Ave, Brooklyn

Nearby ZIP codes for 551 Nostrand 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 551 Nostrand Avenue, Brooklyn, NY 11216?

The development at 551 Nostrand Avenue, Brooklyn, NY 11216 was built in 1910.

What is the market value of 551 Nostrand Avenue, Brooklyn, NY 11216?

The current market value of 551 Nostrand Avenue, Brooklyn, NY 11216 is $1,199,000.

What is the total square footage of 551 Nostrand Avenue, Brooklyn, NY 11216?

551 Nostrand Avenue, Brooklyn, NY 11216 has a total of 6,000 square feet.

What is the price per square foot for this property?

$169 per square foot is the price for 551 Nostrand Avenue, Brooklyn, NY 11216.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

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