Kings  »  11221  »  Central Ave  »  507 Central Ave

507 Central Avenue, Brooklyn, NY 11221 - Property report

Also known as: 507 Central Ave

Property image for 507 Central Avenue, Brooklyn, NY 11221
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Property type

Five to Six Families (C2)

Year built

1910

Lot sq. ft.

2,500

Sale price

$1,150,000

General information

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Address
Primary address
507 Central Avenue
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03397-0004

Owner

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Building
Property type
Five to Six Families (C2)
Building sq. ft.
5,250
Building dimensions
25 ft x 70 ft
Buildings on lot
1
Stories
3
Year built
1910
Building material
Sales
Sale date
02/13/2015
Sale price
$1,150,000
Tax
Tax year
2026-2027
Property tax
$14,991
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
6
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25 ft x 100 ft
Lot sq. ft.
2,500

Area overview

Walk score
87 /100.  Very Walkable
Transit score
98 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
32
Community district
4
Closest police station
0.55 Miles
Closest fire station
0.25 Miles

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

Ownership

Ownership information for 507 Central 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 507 Central Avenue, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
02/13/2015 $1,150,000 X XXXXXXX XXX XXXXX, XXXXX XXX XXXXX, XXXX
02/24/2006 $499,000 XXXXX, XXXXX XXX XXXXX, XXXX XXXXXXX XXXXXXXX, XXXX XXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/20/2026 - R UCC3 Continuation
(2026051901031001)		 XXXXXX XXXXX XXX XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX
11/10/2021 - R Initial UCC1
(2021110300016009)		 XXXXXX XXXXX XXX XXXXX XXXXXXXXXX XXXXXXX X XXX
11/03/2021 - R UCC3 Termination
(2021110300012003)		 X XXXXXXX XXX XXXXXX XXXX
11/10/2021 - R
10/29/2021 - D		 Assignment, Mortgage
(2021110300016008)		 XXXXX XXXXXXXXXX XXXXXXX X XXX XXXXXX XXX
11/10/2021 - R
10/29/2021 - D		 Agreement
(2021110300016007)		 XXXXXX XXXXX XXX XXXXX XXXXXXXXXX XXXXXXX X XXX
11/10/2021 - R
10/29/2021 - D		 Mortgage
(2021110300016006)		 XXXXXX XXXXX XXX XXXXX XXXXXXXXXX XXXXXXX X XXX
11/10/2021 - R
10/29/2021 - D		 Assignment, Mortgage
(2021110300016005)		 XXXXXX XXXX XXXXX XXXXXXXXXX XXXXXXX X XXX
11/03/2021 - R
10/29/2021 - D		 Termination of Assign of L&R
(2021110300012007)		 XXXXXX XXXX X XXXXXXX XXX
10/05/2021 - R UCC3 Continuation
(2021093000731001)		 X XXXXXXX XXX XXXXXX XXXX
11/16/2016 - R Initial UCC1
(2016111300012006)		 X XXXXXXX XXX XXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 507 Central 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
$14,991
Municipal exemptions
Recent tax assessments
Market value
$1,285,000
Assessed value
$578,250

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 $1,071,000 $481,950 $111,592 12.439% $13,881 $13,881 +5.88%
2024/25 $1,110,000 $499,500 $104,876 12.5% $13,110 $13,110 +6.28%
2023/24 $1,099,000 $494,550 $98,663 12.502% $12,335 $12,335 +8.24%
2022/23 $1,048,000 $471,600 $92,894 12.267% $11,395 $11,395 +0.26%
2021/22 $921,000 $414,450 $92,894 12.235% $11,366 $11,366 +32.57%
2020/21 $1,034,000 $465,300 $69,889 12.267% $8,573 $8,573 +6.20%
2019/20 $963,600 $433,620 $64,723 12.473% $8,073 $8,073 +6.78%
2018/19 $803,000 $361,350 $59,944 12.612% $7,560 $7,560 +7.09%
2017/18 $758,000 $341,100 $55,506 12.719% $7,060 $7,060 -1.34%
2016/17 $606,000 $272,700 $55,506 12.892% $7,156 $7,156 +3.32%
Permits

Permit information for 507 Central Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/29/2016 Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required

*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
Weirfield St & Broadway at NE Corner
Station lines
J
Distance (miles)
0.392
View subway map

Access the detailed traffic volume map for 507 Central Avenue, 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

Neighbors for 507 Central Avenue, Brooklyn, NY

548 Central Ave, Brooklyn 1184 Hancock St, Brooklyn 1188 Hancock St, Brooklyn 538 Central Ave, Brooklyn 505 Central Ave, Brooklyn 1186 Hancock St, Brooklyn 1202 Hancock St, Brooklyn 540 Central Ave, Brooklyn 534 Central Ave, Brooklyn 532 Central Ave, Brooklyn 127 Weirfield St, Brooklyn 121 Weirfield St, Brooklyn 123 Weirfield St, Brooklyn 1198 Hancock St, Brooklyn 125 Weirfield St, Brooklyn 129 Weirfield St, Brooklyn 1196 Hancock St, Brooklyn 1180 Hancock St, Brooklyn 1190 Hancock St, Brooklyn 1200 Hancock St, Brooklyn

Nearby ZIP codes for 507 Central Avenue, 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 11217, 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 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 507 Central Avenue, Brooklyn, NY 11221?

The development at 507 Central Avenue, Brooklyn, NY 11221 was built in 1910.

What is the total square footage of 507 Central Avenue, Brooklyn, NY 11221?

507 Central Avenue, Brooklyn, NY 11221 has a total of 5,250 square feet.

When was 507 Central Avenue, Brooklyn, NY 11221 last sold and what was the sale price?

507 Central Avenue, Brooklyn, NY 11221 was last sold on 02/13/2015 for $1,150,000.

What is the assessed value of 507 Central Avenue, Brooklyn, NY 11221?

507 Central Avenue, Brooklyn, NY 11221 is currently assessed at $578,250.

What are the property taxes for 507 Central Avenue, Brooklyn, NY 11221?

The property taxes for 507 Central Avenue, Brooklyn, NY 11221 total $14,991.

How many residential units does this building have?

This building has 6 residential unit(s).

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