Kings  »  11237  »  Scholes St  »  516 Scholes St

516 Scholes Street, Brooklyn, NY 11237 - Property report

Also known as: 516 Scholes St

Property image for 516 Scholes Street, Brooklyn, NY 11237
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Property type

Fireproof Warehouse (E1)

Year built

1931

Lot sq. ft.

8,732

Sale price

$5,300,000

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
516 Scholes Street
Alternate address(es)
167 Stewart Ave
ZIP code
11237
Neighborhood
Williamsburg
Borough
Brooklyn
Block & lot
02969-0030

Owner

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Building
Property type
Fireproof Warehouse (E1)
Building sq. ft.
8,732
Building dimensions
54.83 ft x 159.25 ft
Buildings on lot
1
Stories
1
Year built
1931
Building material
Sales
Sale date
11/28/2022
Sale price
$5,300,000
Tax
Tax year
2026-2027
Property tax
$52,087
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
54.83 ft x 159.25 ft
Lot sq. ft.
8,732

Area overview

Walk score
67 /100.  Somewhat Walkable
Transit score
80 /100.  Excellent Transit
Bike score
85 /100.  Very Bikeable
School district
14
Community district
1
Closest police station
0.99 Miles
Closest fire station
0.26 Miles

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

Ownership

Ownership information for 516 Scholes Street, Brooklyn, NY

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

Sales history for 516 Scholes Street, Brooklyn, NY 11237

Sale date Sale price Buyer name Seller name
11/28/2022 $5,300,000 XXXXXX XXX XXXX XXX, XXX
06/15/2004 $1,135,000 XXXX XXX, XXX XXXXXX XXXX XXXXXX, XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/02/2022 - R Initial UCC1
(2022120101282001)		 XXXXXX XXX XXXXXX XXXX
12/15/2022 - R
11/28/2022 - D		 Assignment of Leases and Rents
(2022121000013003)		 XXXXXX XXX XXXXXX XXXX
12/15/2022 - R
11/28/2022 - D		 Mortgage
(2022121000013002)		 XXXXXX XXX XXXXXX XXXX
12/15/2022 - R
11/28/2022 - D		 Deed
(2022121000013001)		 XXXX XXX XXX XXXXXX XXX
02/02/2012 - R UCC3 Continuation
(2012013101352001)		 XXXXXX XXXX XXXXXX XX X XXXXXXXX XXXXX XXXX X X
07/15/2008 - R
06/26/2008 - D		 Tax Lien Sale Certificate
(2008071100556001)		 XXXX XX XXX XXXX XXXX XX XXX XXXX
06/25/2007 - R
06/20/2007 - D		 UCC3 Continuation
(2007062001943001)		 XXXXXX XXXX XXXXXX XXX XXX XXXX XX XXX XXXX
06/19/2007 - R
06/11/2007 - D		 UCC3 Amendment
(2007061101908001)		 XXXXXX XXXX XXXXXX XXX XXX XXXX XX XXX XXXX
07/09/2007 - R
03/26/2007 - D		 UCC3 Amendment
(2007032601075001)		 XXXXXX XXXX XXXXXX XXX XXX XXXX XX XXX XXXX XXXXXXXXXX XXXX XXXXXXXXXX
07/19/2004 - R
06/15/2004 - D		 Deed
(2004062900441001)		 XXXXXX XXXX XXXXXX XXX XXXX XXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 516 Scholes 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
$52,087
Municipal exemptions
Recent tax assessments
Market value
$1,067,000
Assessed value
$480,150

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 $1,074,000 $483,300 $483,300 10.848% $52,428 $52,428 +3.18%
2024/25 $1,256,000 $565,200 $472,140 10.762% $50,812 $50,812 +5.84%
2023/24 $1,185,000 $533,250 $453,240 10.592% $48,007 $48,007 +4.25%
2022/23 $1,083,000 $487,350 $432,540 10.646% $46,048 $46,048 +10.51%
2021/22 $861,000 $387,450 $387,450 10.755% $41,670 $41,670 -7.69%
2020/21 $1,090,000 $490,500 $422,100 10.694% $45,139 $45,139 +9.65%
2019/20 $1,046,000 $470,700 $390,690 10.537% $41,167 $41,167 +9.12%
2018/19 $955,000 $429,750 $358,830 10.514% $37,727 $37,727 +7.06%
2017/18 $855,000 $384,750 $335,160 10.514% $35,239 $35,239 +3.00%
2016/17 $744,000 $334,800 $323,550 10.574% $34,212 $34,212 +5.51%
Permits

Permit information for 516 Scholes Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
08/16/2007 Alteration type 2
09/22/2004 Alteration type 1
07/26/2004 Alteration type 1
12/23/2003 Alteration type 1
10/21/2003 Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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
2

Subway & traffic

Closest station
Jefferson St & Wyckoff Ave at NW Corner
Station lines
L
Distance (miles)
0.33
View subway map

Access the detailed traffic volume map for 516 Scholes Street, Brooklyn, NY 11237 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 516 Scholes Street, Brooklyn, NY

134 Morgan Ave, Brooklyn 497 Meserole St, Brooklyn 492 Scholes St, Brooklyn 75 Onderdonk Ave, Brooklyn 465 Johnson Ave, Brooklyn 127 Stewart Ave, Brooklyn 100 Varick Ave, Brooklyn 108 Varick Ave, Brooklyn 140 Stewart Ave, Brooklyn 2 Knickerbocker Ave, Brooklyn 110 Varick Ave, Brooklyn 505 Meserole St, Brooklyn 1340 Metropolitan Ave, Brooklyn 585 Meserole St, Brooklyn 581 Meserole St, Brooklyn 39 Onderdonk Ave, Brooklyn 140 Varick Ave, Brooklyn 130 Varick Ave, Brooklyn 172 Scott Ave, Brooklyn 154 Morgan Ave, Brooklyn

Nearby ZIP codes for 516 Scholes Street, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11221, New York City, NY 11222, New York City, NY 11225, New York City, NY 11233, New York City, NY 11238, New York City, NY 11373, New York City, NY 11377, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 516 Scholes Street, Brooklyn, NY 11237?

The development at 516 Scholes Street, Brooklyn, NY 11237 was built in 1931.

What is the market value of 516 Scholes Street, Brooklyn, NY 11237?

The current market value of 516 Scholes Street, Brooklyn, NY 11237 is $1,067,000.

What is the total square footage of 516 Scholes Street, Brooklyn, NY 11237?

516 Scholes Street, Brooklyn, NY 11237 has a total of 8,732 square feet.

What is the price per square foot for this property?

$606 per square foot is the price for 516 Scholes Street, Brooklyn, NY 11237.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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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.

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