Kings  »  11203  »  Albany Ave  »  551 Albany Ave

551 Albany Avenue, Brooklyn, NY 11203 - Property report

Also known as: 551 Albany Ave

Property image for 551 Albany Avenue, Brooklyn, NY 11203
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Property type

Over Six Families without Stores (C1)

Year built

1899

Lot sq. ft.

2,020

Sale price

$1,964,172

General information

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

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
5,985
Building dimensions
18.5 ft x 77 ft
Buildings on lot
1
Stories
4
Year built
1899
Last altered
2019
Building material
Sales
Sale date
03/24/2023
Sale price
$1,964,172
Tax
Tax year
2026-2027
Property tax
$6,217
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
18.5 ft x 109.17 ft
Lot sq. ft.
2,020

Area overview

Walk score
89 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
80 /100.  Very Bikeable
School district
17
Community district
9
Closest police station
0.45 Miles
Closest fire station
0.69 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 551 Albany Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 551 Albany Avenue, Brooklyn, NY 11203

Sale date Sale price Buyer name Seller name
03/24/2023 $1,964,172 XXX XXXXXX XXX, XXX XX XXXXXXX XXXX.
01/31/2023 $1,000 XX XXXXXXX XXXX. XXXXXXXX, XX XXXXXXX, XXXXXXX X
12/28/2018 $1,200,000 XXXX XXXXXXXX, XXX XXXXXX XXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/01/2025 - R
09/23/2025 - D		 Assignment, Mortgage
(2025093000860001)		 XXX XXX XXXXXXX XXXXXXXXXXXX XXX XXXX XX XXX XXX
09/23/2025 - R UCC3 Termination
(2025092200650010)		 XXX XXXXXX XXX XXX XXXXXXXXXX XXXXXXXXX XXXXXXX XXX
09/23/2025 - R UCC3 Termination
(2025092200650009)		 XXX XXXXXX XXX XXX XXXXXXXXXX XXXXXXXXX XXXXXXX XXX
10/02/2025 - R
09/16/2025 - D		 Tax Lien Sale Certificate
(2025100100521001)		 XXXX XX XXX XXXX XXXX XX XXX XXXX
10/01/2025 - R
08/25/2025 - D		 Assignment of Leases and Rents
(2025093000860002)		 XXXX XX XXX XXX XXXXX XXXXX XXXX
09/23/2025 - R
08/25/2025 - D		 Agreement
(2025092200650008)		 XXX XXXXXX XXX XXX XXX XXX XXXXXXX XXXXXXXXXXXX XXX
09/23/2025 - R
08/25/2025 - D		 Mortgage
(2025092200650007)		 XXX XXXXXX XXX XXX XXX XXX XXXXXXX XXXXXXXXXXXX XXX
09/23/2025 - R
08/25/2025 - D		 Termination of Assign of L&R
(2025092200650006)		 XXXXXXXXXX XXXXXXXXX XXXXXXX XXX XXXXXXX XXXX XXXXXXXXXXXXXX XXX
09/23/2025 - R
08/25/2025 - D		 Assignment, Mortgage
(2025092200650004)		 XXXXXXX XXXX XXXXXXXXXXXXXX XXX XXXXXXXXXX XXXXXXXXX XXXXXXX XXX
09/23/2025 - R
08/25/2025 - D		 Assignment, Mortgage
(2025092200650003)		 XXXXXXXXXX XXXXXXXXX XXXXXXX XXX XXX XXX XXXXXXX XXXXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Albany Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$6,217
Municipal exemptions
Recent tax assessments
Market value
$837,000
Assessed value
$376,650

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y 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%
2020/21 $799,000 $47,940 $24,282 21.045% $5,110 $5,110 +3.53%
2019/20 $799,000 $47,940 $23,320 21.167% $4,936 $4,936 +41.41%
2018/19 $718,000 $43,080 $16,687 20.919% $3,491 $3,491 +6.21%
2017/18 $663,000 $39,780 $16,123 20.385% $3,287 $3,287 +5.50%
2016/17 $522,000 $31,320 $15,583 19.991% $3,115 $3,115 +2.50%
Permits

Permit information for 551 Albany Avenue, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
02/14/2025 C-construction other optional
08/26/2021 C-construction other optional
08/18/2021 Aeuhaz1-fail to certify class 1 none

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Kingston Ave & Eastern Pkwy at SE Corner
Station lines
3
Distance (miles)
0.566
View subway map

Access the detailed traffic volume map for 551 Albany Avenue, Brooklyn, NY 11203 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 551 Albany Avenue, Brooklyn, NY

650 Maple St, Brooklyn 662 Maple St, Brooklyn 545 Albany Ave, Brooklyn 664 Maple St, Brooklyn 565 Albany Ave, Brooklyn 674 Maple St, Brooklyn 557 Albany Ave, Brooklyn 561 Midwood St, Brooklyn 644 Maple St, Brooklyn 553 Albany Ave, Brooklyn 559 Midwood St, Brooklyn 684 Maple St, Brooklyn 692 Maple St, Brooklyn 561 Albany Ave, Brooklyn 660 Maple St, Brooklyn 567 Albany Ave, Brooklyn 652 Maple St, Brooklyn 555 Albany Ave, Brooklyn 557 Midwood St, Brooklyn 559 Albany Ave, Brooklyn

Nearby ZIP codes for 551 Albany Avenue, Brooklyn, NY

11206, New York City, NY 11207, New York City, NY 11210, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11221, New York City, NY 11225, New York City, NY 11226, New York City, NY 11229, New York City, NY 11230, New York City, NY 11233, New York City, NY 11234, New York City, NY 11236, New York City, NY 11237, New York City, NY 11238, New York City, NY 11239, New York City, NY

Frequently asked questions

What is the year built for 551 Albany Avenue, Brooklyn, NY 11203?

The development at 551 Albany Avenue, Brooklyn, NY 11203 was built in 1899.

What is the total square footage of 551 Albany Avenue, Brooklyn, NY 11203?

551 Albany Avenue, Brooklyn, NY 11203 has a total of 5,985 square feet.

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

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

What is the assessed value of 551 Albany Avenue, Brooklyn, NY 11203?

551 Albany Avenue, Brooklyn, NY 11203 is currently assessed at $376,650.

What are the property taxes for 551 Albany Avenue, Brooklyn, NY 11203?

The property taxes for 551 Albany Avenue, Brooklyn, NY 11203 total $6,217.

How many residential units does this building have?

This building has 8 residential unit(s).

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