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505 Central Avenue, Brooklyn, NY 11221 Property Information

505 Central Avenue, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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505 Central Avenue, Brooklyn, NY 11221 1
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Address

Primary address 505 Central Avenue
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03397-0005

Sales & Tax Overview for 505 Central Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 07/14/2014
Purchase price $565,000
Tax class
Estimated property tax $15,589

Lot & Building Information for 505 Central Avenue, Brooklyn

Lot sqft 2,500
Lot dimensions 25 ft x 100 ft
Building class Five to Six Families (C2) i
Building sqft 5,250
Building dimensions 25 ft x 70 ft
Buildings on lot 1
Stories 3
Year built 1910
Year last altered 2015
Construction type
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Zoning & Use for 505 Central Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 6
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4
Closest police station 0.55 Miles
Closest fire station 0.25 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 505 Central Avenue, Brooklyn

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Floor area ratio (FAR) for 505 Central Avenue, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 505 Central Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 505 Central Avenue, Brooklyn

What is the year built & the total sq. ft. for 505 Central Avenue, Brooklyn, NY 11221?

505 Central Avenue, Brooklyn, NY 11221 was built in 1910 and has a total of 5,250 square feet.

What is the assessed value of 505 Central Avenue, Brooklyn, NY 11221 and the property tax paid?

Assessed at $500,850, the tax amount paid for 505 Central Avenue, Brooklyn, NY 11221 is $14,684. For the next year, the tax amount for 505 Central Avenue, Brooklyn, NY 11221 is estimated at $15,589.

When was 505 Central Avenue, Brooklyn, NY 11221 last sold and what was the last sale price?

505 Central Avenue, Brooklyn, NY 11221 was last sold in 07/14/2014 for $565,000.

How many residential units does this building have?

This building has 6 residential unit(s).

Ownership Information for 505 Central Avenue, Brooklyn

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Property owner name for 505 Central Avenue, Brooklyn, NY 11221
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Building contacts for 505 Central Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 505 Central Avenue, Brooklyn

Create a free account to view the complete sales history for 505 Central Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
07/14/2014 $565,000

Title Documents for 505 Central Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
01/09/2026 - R UCC3 Continuation
(2026010900535001)
11/12/2020 - R UCC3 Continuation
(2020110600178001)
02/04/2016 - R Initial UCC1
(2016012701195005)
01/07/2016 - D
02/04/2016 - R
Assignment of Leases and Rents
(2016012701195004)
01/07/2016 - D
02/04/2016 - R
Agreement
(2016012701195003)
01/07/2016 - D
02/04/2016 - R
Mortgage
(2016012701195002)
12/29/2015 - D
02/04/2016 - R
Assignment, Mortgage
(2016012701195001)
03/04/2015 - D
04/17/2015 - R
Mortgage
(2015031600451001)
07/14/2014 - D
07/30/2014 - R
Deed
(2014071800943001)
04/29/1999 - R Mortgage
(3780006573578)
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R: Recorded date
D: Document date

Property Taxes for 505 Central Avenue, Brooklyn

Access detailed property tax data for 505 Central Avenue, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $14,685
Estimated property tax: $15,589
Tax assessor's market value: $1,113,000
Assessed value: $500,850

Assessment History for 505 Central Avenue, Brooklyn

Here's the assessment & property tax history for 505 Central Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $1,113,000 $500,850 $118,054 12.439% $14,685 $14,685 +2.06%
2024/25 $927,600 $417,420 $115,105 12.5% $14,388 $14,388 +6.18%
2023/24 $773,000 $347,850 $108,389 12.502% $13,551 $13,551 +8.11%
2022/23 $644,000 $289,800 $102,176 12.267% $12,534 $12,534 +6.26%
2021/22 $515,000 $231,750 $96,407 12.235% $11,795 $11,795 +5.88%

Permits for 505 Central Avenue, Brooklyn

The complete history of permits filed for 505 Central Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
09/03/2014 Alteration type 2
01/20/1999 Alteration type 2
         
         
         
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Weirfield St & Broadway at NE Corner
Station lines J
Distance (miles) 0.393
View subway map
Bus Routes
Name Halsey St/Central Av
Line B26
Distance (miles) 0.08

Neighbors for 505 Central Avenue, Brooklyn

Here are the neighbors for 505 Central Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
507 Central Ave, Brooklyn 5,250 02/13/2015 $1,150,000
548 Central Ave, Brooklyn 1,944 12/15/1998
1184 Hancock St, Brooklyn 2,850 02/29/2020
1188 Hancock St, Brooklyn 2,850 06/06/2024 $1,216,490
538 Central Ave, Brooklyn 1,944 06/15/2019
1186 Hancock St, Brooklyn 2,850 05/12/2021
1202 Hancock St, Brooklyn 2,000 10/26/1995
540 Central Ave, Brooklyn 1,944 01/06/1999
534 Central Ave, Brooklyn 1,944 04/09/1999
532 Central Ave, Brooklyn 1,960 05/25/2005
127 Weirfield St, Brooklyn 2,385 10/03/2017 $935,000
121 Weirfield St, Brooklyn 3,027 09/16/2025
123 Weirfield St, Brooklyn 2,385 10/29/1997
1198 Hancock St, Brooklyn 3,000 12/01/2021
125 Weirfield St, Brooklyn 2,385 12/29/2020 $1,135,000
1196 Hancock St, Brooklyn 2,000 03/12/2012
1180 Hancock St, Brooklyn 3,306 12/01/2023
1190 Hancock St, Brooklyn 2,850 08/01/2003
1200 Hancock St, Brooklyn 2,000 06/05/2017 $475,000
1204 Hancock St, Brooklyn 3,000 09/26/2014
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