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551 Albany Avenue, Brooklyn, NY 11203 Property Information

551 Albany Avenue, Brooklyn, NY 11203 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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551 Albany Avenue, Brooklyn, NY 11203 1
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Address

Primary address 551 Albany Avenue
Neighborhood Wingate
Zip code 11203
Borough Brooklyn
Block & lot 04800-0008

Sales & Tax Overview for 551 Albany Avenue, Brooklyn

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

Purchase date 03/24/2023
Purchase price $1,964,172
Tax class
Estimated property tax $6,217

Lot & Building Information for 551 Albany Avenue, Brooklyn

Lot sq. ft. 2,020
Lot dimensions 18.5 ft x 109.17 ft
Property type Over Six Families without Stores (C1)
Building sqft 5,985
Building dimensions 18.5 ft x 77 ft
Buildings on lot 1
Stories 4
Year built 1899
Year last altered 2019
Construction type
Status
Status date
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Zoning & Use for 551 Albany Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 8
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 9
Closest police station 0.45 Miles
Closest fire station 0.69 Miles

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

Other Property Data for 551 Albany 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 Albany Avenue, Brooklyn, NY 11203, 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 Albany Avenue, Brooklyn, NY 11203, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 551 Albany Avenue, Brooklyn

What is the year built & the total sq. ft. for 551 Albany Avenue, Brooklyn, NY 11203?

551 Albany Avenue, Brooklyn, NY 11203 was built in 1899 and has a total of 5,985 square feet.

What is the assessed value of 551 Albany Avenue, Brooklyn, NY 11203 and the property tax paid?

Assessed at $332,550, the tax amount paid for 551 Albany Avenue, Brooklyn, NY 11203 is $6,217. For the next year, the tax amount for 551 Albany Avenue, Brooklyn, NY 11203 is estimated at $6,217.

When was 551 Albany Avenue, Brooklyn, NY 11203 last sold and what was the last sale price?

551 Albany Avenue, Brooklyn, NY 11203 was last sold in 03/24/2023 for $1,964,172.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 551 Albany Avenue, Brooklyn

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Property owner name for 551 Albany Avenue, Brooklyn, NY 11203
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Building contacts for 551 Albany Avenue, Brooklyn, NY 11203
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 551 Albany Avenue, Brooklyn

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

Purchase date Purchase price Buyer name Seller name
03/24/2023 $1,964,172
01/31/2023 $1,000
12/28/2018 $1,200,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 551 Albany 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
09/23/2025 - D
10/01/2025 - R
Assignment, Mortgage
(2025093000860001)
09/23/2025 - R UCC3 Termination
(2025092200650010)
09/23/2025 - R UCC3 Termination
(2025092200650009)
09/16/2025 - D
10/02/2025 - R
Tax Lien Sale Certificate
(2025100100521001)
08/25/2025 - D
10/01/2025 - R
Assignment of Leases and Rents
(2025093000860002)
08/25/2025 - D
09/23/2025 - R
Agreement
(2025092200650008)
08/25/2025 - D
09/23/2025 - R
Mortgage
(2025092200650007)
08/25/2025 - D
09/23/2025 - R
Termination of Assign of L&R
(2025092200650006)
08/25/2025 - D
09/23/2025 - R
Assignment, Mortgage
(2025092200650004)
08/25/2025 - D
09/23/2025 - R
Assignment, Mortgage
(2025092200650003)
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R: Recorded date
D: Document date

Property Taxes for 551 Albany Avenue, Brooklyn

Access detailed property tax data for 551 Albany Avenue, Brooklyn, NY 11203. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $6,217
Estimated property tax: $6,217
Tax assessor's market value: $739,000
Assessed value: $332,550

Assessment History for 551 Albany Avenue, Brooklyn

Here's the assessment & property tax history for 551 Albany 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 $739,000 $332,550 $49,981 12.439% $6,217 $6,217 +2.69%
2024/25 $693,000 $311,850 $48,433 12.5% $6,054 $6,054 +7.98%
2023/24 $643,000 $289,350 $44,845 12.502% $5,607 $5,607 +10.07%
2022/23 $632,000 $284,400 $41,523 12.267% $5,094 $5,094 +8.28%
2021/22 $594,000 $267,300 $38,447 12.235% $4,704 $4,704 -7.95%

Permits for 551 Albany Avenue, Brooklyn

The complete history of permits filed for 551 Albany 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
08/01/2024 Alteration
05/08/2023 Alteration
08/03/2021 Alteration
03/28/2021 Alteration
11/25/2019 Alteration
11/25/2019 Alteration
11/05/2019 Alteration
10/04/2019 Alteration
08/20/2019 Alteration
07/01/2019 Alteration type 3
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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)

Transportation

Distance to Subway
Closest station Kingston Ave & Eastern Pkwy at SE Corner
Station lines 3
Distance (miles) 0.566
View subway map
Bus Routes
Name Albany Av/Maple St
Line B12
Distance (miles) 0.037

Neighbors for 551 Albany Avenue, Brooklyn

Here are the neighbors for 551 Albany Avenue, Brooklyn, NY 11203.

Address Square feet Purchase date Purchase price
650 Maple St, Brooklyn 1,920 12/02/2025 $1,000
662 Maple St, Brooklyn 1,200 02/24/2020 $910,000
545 Albany Ave, Brooklyn 1,840 03/13/1992
664 Maple St, Brooklyn 1,000 11/12/2023 $10
565 Albany Ave, Brooklyn 1,188 07/01/2011
674 Maple St, Brooklyn 8,541 04/24/2018 $750,000
557 Albany Ave, Brooklyn 1,059 06/14/2017 $707,500
561 Midwood St, Brooklyn 2,520 11/02/2005
644 Maple St, Brooklyn 560 06/10/1993
553 Albany Ave, Brooklyn 1,508 08/22/2025
559 Midwood St, Brooklyn 2,520 02/19/2020
684 Maple St, Brooklyn 1,472 11/16/2012
692 Maple St, Brooklyn 1,320 09/17/2024 $820,000
561 Albany Ave, Brooklyn 3,774 07/10/2019
660 Maple St, Brooklyn 2,820 06/26/2017 $600,000
567 Albany Ave, Brooklyn 3,200 01/12/1993
652 Maple St, Brooklyn 2,160 01/15/2015 $850,000
555 Albany Ave, Brooklyn 714 01/22/2025
557 Midwood St, Brooklyn 2,520 03/10/2025
559 Albany Ave, Brooklyn 594 08/05/2025 $538,654
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