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551 Ridgewood Avenue, Brooklyn, NY 11208 Property Information

Also known as: 555 Ridgewood Ave, Brooklyn, NY 11208

551 Ridgewood Avenue, Brooklyn, NY 11208 Property Information

Also known as: 555 Ridgewood Ave, Brooklyn, NY 11208

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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551 Ridgewood Avenue, Brooklyn, NY 11208 1
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Address

Primary address 551 Ridgewood Avenue
Secondary address 177 Nichols Ave
Neighborhood East New York
Zip code 11208
Borough Brooklyn
Block & lot 04122-0001

Sales & Tax Overview for 551 Ridgewood Avenue, Brooklyn

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

Tax class
Estimated property tax $25,366

Lot & Building Information for 551 Ridgewood Avenue, Brooklyn

Lot sq. ft. 2,860
Lot dimensions 31.17 ft x 128 ft
Property type Walk-up Apartment - Over Six Families with Stores (C7)
Building sqft 9,300
Building dimensions 31 ft x 100 ft
Buildings on lot 1
Stories 3
Year built 1921
Construction type
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Zoning & Use for 551 Ridgewood Avenue, Brooklyn

Zoning
Residential units (DOF) 9
Regulated units
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 19
Community district 5
Closest police station 1.22 Miles
Closest fire station 0.64 Miles

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

Other Property Data for 551 Ridgewood Avenue, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 551 Ridgewood Avenue, Brooklyn, NY 11208, 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 551 Ridgewood Avenue, Brooklyn, NY 11208, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 177 Nichols Ave, Brooklyn, NY 11208
  • 46-56 Obrien Pl, Brooklyn, NY 11208
  • 545-555 Ridgewood Ave, Brooklyn, NY 11208

About 551 Ridgewood Avenue, Brooklyn

How many square feet does 551 Ridgewood Avenue, Brooklyn, NY 11208 have?

This Walk-up Apartment - Over Six Families with Stores (C7) located at 551 Ridgewood Avenue, Brooklyn, NY 11208 has a total of 9,300 square feet.

What is the year built & the current market value of 551 Ridgewood Avenue, Brooklyn, NY 11208?

551 Ridgewood Avenue, Brooklyn, NY 11208 was built in 1921 and has a current tax assessor's market value of $946,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 551 Ridgewood Avenue, Brooklyn

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Property owner name for 551 Ridgewood Avenue, Brooklyn, NY 11208
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Building contacts for 551 Ridgewood Avenue, Brooklyn, NY 11208
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 551 Ridgewood Avenue, Brooklyn

Create a free account to view the complete sales history for 551 Ridgewood Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 551 Ridgewood 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
04/01/2014 - D
04/09/2014 - R
Satisfaction of Mortgage
(2014040400524001)
01/03/2014 - D
02/04/2014 - R
Satisfaction of Mortgage
(2014013100468001)
04/18/2002 - R Agreement
(3860008373486)
03/11/2002 - D
04/18/2002 - R
Deed
(3260008373426)
06/28/2001 - R Mortgage
(3360007716136)
06/28/2001 - R Deed
(3730007715873)
03/06/1997 - R UCC3 Termination
(3480005518048)
01/18/1996 - R Mortgage
(3570005042557)
01/18/1996 - R Deed
(3220005043022)
11/24/1989 - R Initial Coop UCC1
(3650005055365)
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R: Recorded date
D: Document date

Property Taxes for 551 Ridgewood Avenue, Brooklyn

Access detailed property tax data for 551 Ridgewood Avenue, Brooklyn, NY 11208. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $25,367
Estimated property tax: $25,366
Tax assessor's market value: $946,000
Assessed value: $425,700

Assessment History for 551 Ridgewood Avenue, Brooklyn

Here's the assessment & property tax history for 551 Ridgewood 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 $946,000 $425,700 $203,928 12.439% $25,367 $25,367 +2.70%
2024/25 $875,000 $393,750 $197,591 12.5% $24,699 $24,699 +7.97%
2023/24 $812,000 $365,400 $182,969 12.502% $22,875 $22,875 +10.07%
2022/23 $833,000 $374,850 $169,417 12.267% $20,782 $20,782 +8.28%
2021/22 $846,000 $380,700 $156,868 12.235% $19,193 $19,193 -0.26%

Permits for 551 Ridgewood Avenue, Brooklyn

The complete history of permits filed for 551 Ridgewood 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
04/30/2014 Alteration type 2
01/09/2003 Alteration type 2
11/14/2002 Alteration type 2
10/10/2002 Alteration type 2
02/20/1996 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 Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 6 (See more on map)

Transportation

Distance to Subway
Closest station Pine St & Fulton St at NE Corner
Station lines J-Z
Distance (miles) 0.285
View subway map
Bus Routes
Name Crescent St/Ridgewood Av
Line B13
Distance (miles) 0.216

Neighbors for 551 Ridgewood Avenue, Brooklyn

Here are the neighbors for 551 Ridgewood Avenue, Brooklyn, NY 11208.

Address Square feet Purchase date Purchase price
163 Nichols Ave, Brooklyn 2,024 06/21/2006
159 Nichols Ave, Brooklyn 2,080 05/12/2014
27 Obrien Pl, Brooklyn 1,548 06/27/2016 $525,300
143 Nichols Ave, Brooklyn 2,128 10/09/1987
364 Etna St, Brooklyn 1,584 06/14/2018 $735,000
25 Obrien Pl, Brooklyn 1,548 02/20/2004 $369,000
165 Nichols Ave, Brooklyn 3,600 02/14/2020 $1,500,000
145 Nichols Ave, Brooklyn 2,080 05/27/2015 $565,000
153 Nichols Ave, Brooklyn 2,128 05/23/2012
29 Obrien Pl, Brooklyn 1,548 08/20/2018 $630,000
162 Nichols Ave, Brooklyn 2,208 10/23/2013 $390,000
154 Nichols Ave, Brooklyn 1,430 11/18/2021 $852,000
155 Nichols Ave, Brooklyn 2,080 02/01/2024 $910,000
147 Nichols Ave, Brooklyn 2,080 01/26/2004
152 Nichols Ave, Brooklyn 1,455 03/25/2021 $610,000
139 Nichols Ave, Brooklyn 2,248 04/05/1984
126 Lincoln Ave, Brooklyn 2,260 01/22/2014 $470,000
166 Nichols Ave, Brooklyn 7,084 09/07/2022
141 Nichols Ave, Brooklyn 2,248 03/10/2017
160 Nichols Ave, Brooklyn 2,208 09/09/1974
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