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551 Crescent Street, Brooklyn, NY 11208 Property Information

551 Crescent Street, Brooklyn, NY 11208 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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551 Crescent Street, Brooklyn, NY 11208 1
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Address

Primary address 551 Crescent Street
Neighborhood East New York
Zip code 11208
Borough Brooklyn
Block & lot 04252-0020

Sales & Tax Overview for 551 Crescent Street, 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 $8,064

Lot & Building Information for 551 Crescent Street, Brooklyn

Lot sqft 1,191
Lot dimensions 18 ft x 60 ft
Building class Office Only - 1 Story (O1) i
Building sqft 900
Building dimensions 17.92 ft x 45 ft
Buildings on lot 1
Stories 1
Year built 1923
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Zoning & Use for 551 Crescent Street, Brooklyn

Zoning
Commercial units 1
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 19
Community district 5
Closest police station 0.64 Miles
Closest fire station 0.27 Miles

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

Other Property Data for 551 Crescent Street, 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 Crescent Street, 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 Crescent Street, Brooklyn, NY 11208, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 551 Crescent Street, Brooklyn

How many square feet does 551 Crescent Street, Brooklyn, NY 11208 have?

This Office Only - 1 Story (O1) located at 551 Crescent Street, Brooklyn, NY 11208 has a total of 900 square feet.

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

551 Crescent Street, Brooklyn, NY 11208 was built in 1923 and has a current tax assessor's market value of $169,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 551 Crescent Street, Brooklyn

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

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No recorded sales for this property.

Title Documents for 551 Crescent Street, 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
05/02/1994 - R Power of Attorney
(3480004259348)
05/02/1994 - R Mortgage
(3390004260239)
03/18/1994 - D
05/02/1994 - R
Deed
(3970004260297)
11/13/1970 - R Mortgage
(37030044601833)
11/13/1970 - R Deed
(37030044601831)
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R: Recorded date
D: Document date

Property Taxes for 551 Crescent Street, Brooklyn

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

Tax year: 2025-2026
Property tax: $7,781
Estimated property tax: $8,064
Tax assessor's market value: $169,000
Assessed value: $76,050

Assessment History for 551 Crescent Street, Brooklyn

Here's the assessment & property tax history for 551 Crescent Street, 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 $169,000 $76,050 $71,730 10.848% $7,781 $7,781 -0.70%
2024/25 $171,000 $76,950 $72,810 10.762% $7,836 $7,836 +9.60%
2023/24 $150,000 $67,500 $67,500 10.592% $7,150 $7,150 -7.76%
2022/23 $163,000 $73,350 $72,810 10.646% $7,751 $7,751 +11.23%
2021/22 $144,000 $64,800 $64,800 10.755% $6,969 $6,969 -15.71%

Permits for 551 Crescent Street, Brooklyn

The complete history of permits filed for 551 Crescent Street, 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.

No recorded permits for this property.

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)
Hurricane evacuation zone: 5 (See more on map)

Transportation

Distance to Subway
Closest station Euclid Ave & Pitkin Ave at SE Corner
Station lines A-C
Distance (miles) 0.138
View subway map
Bus Routes
Name Sutter Av/Crescent St
Line B13
Distance (miles) 0.07

Neighbors for 551 Crescent Street, Brooklyn

Here are the neighbors for 551 Crescent Street, Brooklyn, NY 11208.

Address Square feet Purchase date Purchase price
575 Crescent St, Brooklyn 2,080 04/23/2025
626 Hemlock St, Brooklyn 3,240 12/21/2016 $645,000
571 Crescent St, Brooklyn 2,080 06/11/1980
573 Crescent St, Brooklyn 2,080 10/21/2022 $1,080,000
612 Hemlock St, Brooklyn 2,552 01/18/1973
559 Crescent St, Brooklyn 1,600 03/15/2024
561 Crescent St, Brooklyn 2,280 08/31/2001
567 Crescent St, Brooklyn 2,100 05/18/2022
1074 Belmont Ave, Brooklyn 3,700 02/09/2001
1078 Belmont Ave, Brooklyn 2,288 02/19/2019 $690,000
618 Hemlock St, Brooklyn 3,240 03/19/2018 $10
622 Hemlock St, Brooklyn 3,240 03/27/2017
553 Crescent St, Brooklyn 1,600 10/28/2019
555 Crescent St, Brooklyn 1,600 11/17/2004 $340,000
565 Crescent St, Brooklyn 1,696 10/05/2009 $275,000
563 Crescent St, Brooklyn 1,600 10/02/2025
616 Hemlock St, Brooklyn 3,240 08/30/2005
628 Hemlock St, Brooklyn 1,896 02/08/2011 $400,000
602 Hemlock St, Brooklyn 2,237 10/31/2023
608 Hemlock St, Brooklyn 3,296 06/20/2000
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