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1242 Liberty Avenue, Brooklyn, NY 11208 Property Information

1242 Liberty Avenue, Brooklyn, NY 11208 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1242 Liberty Avenue, Brooklyn, NY 11208 1
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Address

Primary address 1242 Liberty Avenue
Secondary address 485-499 Drew St
Neighborhood East New York
Zip code 11208
Borough Brooklyn
Block & lot 04207-0016

Sales & Tax Overview for 1242 Liberty Avenue, Brooklyn

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Tax class
Estimated property tax $161,035

Lot & Building Information for 1242 Liberty Avenue, Brooklyn

Lot sq. ft. 24,321
Lot dimensions 201 ft x 121 ft
Property type One Story Retail Building (K1)
Building sqft 11,777
Building dimensions 101 ft x 121 ft
Buildings on lot 1
Stories 1
Year built 1960
Year last altered 2021
Construction type
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Zoning & Use for 1242 Liberty Avenue, Brooklyn

Zoning
Commercial units 1
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 19
Community district 5
Closest police station 1.07 Miles
Closest fire station 0.51 Miles

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

Other Property Data for 1242 Liberty 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 1242 Liberty 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 1242 Liberty 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.

  • 485-499 Drew St, Brooklyn, NY 11208
  • 1242-1264 Liberty Ave, Brooklyn, NY 11208

About 1242 Liberty Avenue, Brooklyn

How many square feet does 1242 Liberty Avenue, Brooklyn, NY 11208 have?

This One Story Retail Building (K1) located at 1242 Liberty Avenue, Brooklyn, NY 11208 has a total of 11,777 square feet.

What is the year built & the current market value of 1242 Liberty Avenue, Brooklyn, NY 11208?

1242 Liberty Avenue, Brooklyn, NY 11208 was built in 1960 and has a current tax assessor's market value of $5,886,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1242 Liberty Avenue, Brooklyn

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Property owner name for 1242 Liberty Avenue, Brooklyn, NY 11208
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Building contacts for 1242 Liberty Avenue, Brooklyn, NY 11208
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 1242 Liberty Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 1242 Liberty 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
08/12/2009 - D
11/04/2009 - R
Memorandum of Lease
(2009110200210001)
12/19/1997 - R UCC3 Continuation
(3890005875889)
04/28/1993 - R UCC3 Amendment
(3210003979421)
03/09/1993 - R UCC3 Continuation
(3510003976651)
06/06/1988 - R Uniform Commercial Code 3
(3900001849990)
05/18/1988 - R Assignment, Mortgage
(3050001366905)
04/20/1988 - R Assignment, Mortgage
(3190001360419)
04/20/1988 - R Mortgage
(3180001360418)
04/15/1988 - R Uniform Commercial Code 1
(3010001846401)
04/15/1988 - R Initial UCC1
(3910003920791)
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R: Recorded date
D: Document date

Property Taxes for 1242 Liberty Avenue, Brooklyn

Access detailed property tax data for 1242 Liberty 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: $157,821
Estimated property tax: $161,035
Tax assessor's market value: $5,886,000
Assessed value: $2,648,700

Assessment History for 1242 Liberty Avenue, Brooklyn

Here's the assessment & property tax history for 1242 Liberty 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 $5,886,000 $2,648,700 $2,543,730 10.848% $275,944 $157,821 +8.95%
2024/25 $5,374,000 $2,418,300 $2,418,300 10.762% $260,257 $144,861 -44.67%
2023/24 $5,668,000 $2,550,600 $2,471,890 10.592% $261,823 $261,823 -2.32%
2022/23 $6,568,000 $2,955,600 $2,517,801 10.646% $268,045 $268,045 +4.15%
2021/22 $5,584,000 $2,512,800 $2,392,932 10.755% $257,360 $257,360 +14.83%

Permits for 1242 Liberty Avenue, Brooklyn

The complete history of permits filed for 1242 Liberty 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
02/07/2024 Alteration
02/07/2024 Alteration
01/25/2024 Alteration
01/25/2024 Alteration
11/28/2023 Alteration
06/29/2023 Alteration
03/03/2021 Alteration
01/11/2021 Alteration
01/11/2021 Alteration type 2
01/11/2021 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: 4 (See more on map)

Transportation

Distance to Subway
Closest station 77th St & Liberty Ave at SE Corner
Station lines A
Distance (miles) 0.134
View subway map
Bus Routes
Name Liberty Av /Drew St
Distance (miles) 0.036

Neighbors for 1242 Liberty Avenue, Brooklyn

Here are the neighbors for 1242 Liberty Avenue, Brooklyn, NY 11208.

Address Square feet Purchase date Purchase price
1253 Glenmore Ave, Brooklyn 1,964 01/20/2020
517 Drew St, Brooklyn 2,604 02/01/2002
529 Drew St, Brooklyn 2,150 04/12/1985
510 Drew St, Brooklyn 2,280 03/30/2026 $1,100,000
10524 Ruby St, Brooklyn 1,920 08/12/2021
531 Drew St, Brooklyn 3,225 10/14/2017 $100
1237 Glenmore Ave, Brooklyn 2,200 07/02/2020
183 Milford St, Brooklyn 1,800 09/22/2021 $850,000
521 Drew St, Brooklyn 2,150 04/13/1995
525 Drew St, Brooklyn 2,150 02/07/2002
10520 Ruby St, Brooklyn 2,224 11/29/2011 $498,750
10534 Ruby St, Brooklyn 2,136 08/13/2020 $995,000
179 Milford St, Brooklyn 8,925 08/23/2019 $3,565,000
519 Drew St, Brooklyn 2,220 02/10/2000
10526 Ruby St, Brooklyn 2,400 05/02/2018
10528 Ruby St, Brooklyn 2,400 04/11/2022
10532 Ruby St, Brooklyn 2,080 08/23/2017 $800,000
10530 Ruby St, Brooklyn 1,920 06/29/2006 $700,000
1233 Glenmore Ave, Brooklyn 1,632 01/21/2026
1240 Liberty Ave, Brooklyn 7,200 09/25/2008
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