Kings

87 River Street, Brooklyn, NY 11249 - Property report

Also known as: 1-27 N 1st St

Property image for 87 River Street, Brooklyn, NY 11249

Property type

Unlicensed Parking Lot (G7)

Lot sq. ft.

89,026

Sale price

$150,000,000 - M

General information

Address

Primary address

87 River Street

Alternate address(es)

1-27 N 1st St
2-36 Metropolitan Ave
87-103 River St

ZIP code

11249

Neighborhood

Williamsburg

Borough

Brooklyn

Block & lot

02361-0001

Building

Property type

Unlicensed Parking Lot (G7)

Buildings on lot

Sales

Sale date

12/11/2019

Sale price

$150,000,000 - M

Tax

Tax year

2026-2027

Property tax

$301,049

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)

Metropolitan Avenue (wide)
North 1 Street (narrow)
Kent Avenue (wide)

Distance to wide street

Lot dimensions

180.75 ft x 273.58 ft

Lot sq. ft.

89,026

Area overview

Walk score

95 /100. Walker's Paradise

Transit score

93 /100. Rider's Paradise

Bike score

88 /100. Very Bikeable

School district

Community district

Closest police station

0.89 Miles

Closest fire station

0.37 Miles

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

Ownership

Ownership information for 87 River 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 87 River Street, Brooklyn, NY 11249

Sale date	Sale price	Buyer name	Seller name
12/11/2019	$150,000,000	XXXXX XXXXXX XXXXXXXX XXX	XXXXXXXXXXXX XXXXXX XXXXXXX XX XXX XXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
04/22/2026 - R 12/18/2025 - D	Maps (2026041600885001)	XXX XXXXXXXXXX XX XXXX XXXXXXXX
12/19/2025 - R 12/18/2025 - D	Deed, Other (2025121800650001)	XXXXX XXXXXX XXXXXXXX XXX	XXXXX XXXXXX XXXXXXXX XXX
11/13/2024 - R	Initial UCC1 (2024110500874005)	XXXXX XXXXXX XXXXXXXX XXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
11/13/2024 - R	UCC3 Termination (2024110500874002)	XXXXX XXXXXX XXXXXXXX XXX	XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
11/13/2024 - R 11/05/2024 - D	Agreement (2024110500874004)	XXXXX XXXXXX XXXXXXXX XXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
11/13/2024 - R 11/05/2024 - D	Assignment, Mortgage (2024110500874003)	XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX
11/13/2024 - R 11/05/2024 - D	Termination of Assign of L&R (2024110500874001)	XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX	XXXXXXXXXXX XXXXXXXX XXX
01/17/2020 - R	Initial UCC1 (2020010701034003)	XXXXX XXXXXX XXXXXXXX XXX	XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
01/17/2020 - R 01/02/2020 - D	Assignment of Leases and Rents (2020010701034002)	XXXXX XXXXXX XXXXXXXX XXX	XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
01/17/2020 - R 01/02/2020 - D	Mortgage (2020010701034001)	XXXXX XXXXXX XXXXXXXX XXX	XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 87 River 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

$301,049

Municipal exemptions

Recent tax assessments

Market value

$9,738,564

Assessed value

$4,382,354

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	$8,082,000	$3,636,900	$2,336,130	10.848%	$253,423	$253,423	+26.67%
2024/25	$6,217,000	$2,797,650	$1,859,040	10.762%	$200,070	$200,070	+36.33%
2023/24	$4,782,000	$2,151,900	$1,385,550	10.592%	$146,757	$146,757	+32.40%
2022/23	$3,678,000	$1,655,100	$1,041,210	10.646%	$110,847	$110,847	+29.44%
2021/22	$3,198,000	$1,439,100	$796,230	10.755%	$85,635	$85,635	+34.71%
2020/21	$2,781,000	$1,251,450	$594,450	10.694%	$63,570	$63,570	n/a

Permits

Permit information for 87 River Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
03/12/2021	Alteration
01/24/2020	Alteration type 2
06/10/2011	Alteration type 3
05/24/2011	Full demolition

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

North Side, South Side residential market stats

Access a detailed real estate market overview of North Side, South Side so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in North Side, South Side 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

0.2,AE,X

Hurricane evacuation zones

Subway & traffic

Closest station

Bedford Ave & N 7th St at SE Corner

Station lines

Distance (miles)

0.439

View subway map

Access the detailed traffic volume map for 87 River Street, Brooklyn, NY 11249 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. 84 Jose De Diego	6	Yes	Public	PK, K-8	608	0.25
P.S. 84 Jose De Diego	6	Yes	Public	PK, K-8	608	0.25
Sts. Peter - Paul Elementary School	NR	No	Private	PK, K-8	0	0.31
Sts. Peter - Paul Elementary School	NR	No	Private	PK, K-8	0	0.31
Talmud Torah Tzemach Tzadik Viznitz	NR	No	Private	PK-8	136	0.41
Talmud Torah Tzemach Tzadik Viznitz	NR	No	Private	PK-8	136	0.41
Williamsburg Northside Preschool	NR	No	Private	2-4	0	0.41
P.S. 17 Henry D Woodworth	4	No	Public	PK, K-5	202	0.50
P.S. 17 Henry D Woodworth	4	No	Public	PK, K-5	202	0.50
Success Academy Williamsburg	9	No	Charter	K-4	359	0.54

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 84 Jose De Diego	6	No	Public	PK, K-8	608	0.25
Sts. Peter - Paul Elementary School	NR	No	Private	PK, K-8	0	0.31
Talmud Torah Tzemach Tzadik Viznitz	NR	No	Private	PK-8	136	0.41
Conselyea Preparatory School	7	No	Public	6-8	429	0.50
Jhs 50 John D Wells	7	No	Public	6-8	355	0.54
Machon Bais Pessel Rivkah-Girls	NR	No	Private		0	0.57
Girls Prep Lower East Side	6	No	Charter	PK, K-9	307	0.61
P.S. 188 The Island School	6	No	Public	PK, K-8	336	0.61
New Explorations Into Science, Tech and Math High School	9	No	Public	K-12	1,610	0.71
Williamsburg Northside School	NR	No	Private	PK-8	372	0.72

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Bard High School Early College	8	No	Public	9-12	564	0.53
Machon Bais Pessel Rivkah-Girls	NR	No	Private		0	0.57
Brooklyn Preparatory High School	5	No	Public	9-12	555	0.60
Williamsburg High School for Architecture and Design	7	No	Public	9-12	598	0.60
Williamsburg Preparatory School	7	No	Public	9-12	687	0.60
A-Tech High School	3	No	Public	9-12	374	0.70
New Explorations Into Science, Tech and Math High School	9	No	Public	K-12	1,610	0.71
Yeshiva Bnos Ahavas Israel	NR	No	Private	PK, K-12	493	0.76
Cong. Darkei Tshivo of Dinov	NR	No	Private	9-12	210	0.77
Yeshiva Farm Settlement School	NR	No	Private	10-12	68	0.80

Frequently asked questions

When was 87 River Street, Brooklyn, NY 11249 last sold and what was the sale price?

87 River Street, Brooklyn, NY 11249 was last sold on 12/11/2019 for $150,000,000 - M.

What is the assessed value of 87 River Street, Brooklyn, NY 11249?

87 River Street, Brooklyn, NY 11249 is currently assessed at $4,382,354.

What are the property taxes for 87 River Street, Brooklyn, NY 11249?

The property taxes for 87 River Street, Brooklyn, NY 11249 total $301,048.

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.