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388 Midwood Street, Brooklyn, NY 11225 Property Information

388 Midwood Street, Brooklyn, NY 11225 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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388 Midwood Street, Brooklyn, NY 11225 1
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Address

Primary address 388 Midwood Street
Neighborhood Prospect - Lefferts Gardens
Zip code 11225
Borough Brooklyn
Block & lot 04801-0037

Sales & Tax Overview for 388 Midwood Street, Brooklyn

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

Purchase date 09/10/2004
Purchase price $6,596,000
Tax class
Estimated property tax $351,257

Lot & Building Information for 388 Midwood Street, Brooklyn

Lot sq. ft. 21,000
Lot dimensions 200 ft x 125 ft
Property type Elevator Apartment - Semi-Fireproof with Stores (D7)
Building sqft 99,375
Building dimensions 200 ft x 76 ft
Buildings on lot 1
Stories 6
Year built 1931
Construction type
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Zoning & Use for 388 Midwood Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 88
Regulated units
Commercial units 10
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 9
Closest police station 0.28 Miles
Closest fire station 0.25 Miles

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

Other Property Data for 388 Midwood 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 388 Midwood Street, Brooklyn, NY 11225, 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 388 Midwood Street, Brooklyn, NY 11225, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 388 Midwood Street, Brooklyn

How many sq. ft. does 388 Midwood Street, Brooklyn, NY 11225 have & what is the price per sq. ft?

This Elevator Apartment - Semi-Fireproof with Stores (D7) located at 388 Midwood Street, Brooklyn, NY 11225 has a total of 99,375 square feet and a current price per square foot of $66.

What is the year built & the current market value of 388 Midwood Street, Brooklyn, NY 11225?

388 Midwood Street, Brooklyn, NY 11225 was built in 1931 and has a current tax assessor's market value of $6,324,000.

How many commercial spaces does this building have?

This building has 10 commercial spaces available for lease. There are 2 active listings at this address.

Ownership Information for 388 Midwood Street, Brooklyn

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Property owner name for 388 Midwood Street, Brooklyn, NY 11225
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Building contacts for 388 Midwood Street, Brooklyn, NY 11225
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 388 Midwood Street, Brooklyn

No photo available
604 New York Avenue
Listing type For Lease
Listing date 12/10/2025
Last updated 04/07/2026
View Listing
Spaces
Suite name Space type Lease rate Available space Brokers
Space Available Retail Listing price not available 2,000 Gabriel Betesh
No photo available
590 New York Ave
Listing type For Lease
Listing date 12/10/2025
Last updated 04/07/2026
View Listing
Spaces
Suite name Space type Lease rate Available space Brokers
Space Available Retail Listing price not available 450 Gabriel Betesh
Active Listings For This Property:
For Lease No photo available
604 New York Avenue
388 Midwood Street, Brooklyn
Property Retail
Availability 1 Spaces listed / 2000 Sqft
Price Listing price not available
For Lease No photo available
590 New York Ave
388 Midwood Street, Brooklyn
Property Retail
Availability 1 Spaces listed / 450 Sqft
Price Listing price not available
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Past Sales & Property History for 388 Midwood Street, Brooklyn

Create a free account to view the complete sales history for 388 Midwood Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
09/10/2004 $6,596,000

Title Documents for 388 Midwood Street, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
04/30/2020 - R Initial UCC1
(2020043000272004)
04/23/2020 - D
04/30/2020 - R
Assignment of Leases and Rents
(2020043000272003)
04/23/2020 - D
04/30/2020 - R
Agreement
(2020043000272002)
04/23/2020 - D
04/30/2020 - R
Mortgage
(2020043000272001)
09/14/2015 - R Initial UCC1
(2015090400715003)
08/28/2015 - D
09/14/2015 - R
Agreement
(2015090400715002)
08/28/2015 - D
09/14/2015 - R
Mortgage
(2015090400715001)
05/10/2013 - R Initial UCC1
(2013050200265003)
04/25/2013 - D
05/30/2013 - R
Assignment of Leases and Rents
(2013051501378001)
04/25/2013 - D
05/10/2013 - R
Agreement
(2013050200265002)
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R: Recorded date
D: Document date

Property Taxes for 388 Midwood Street, Brooklyn

Access detailed property tax data for 388 Midwood Street, Brooklyn, NY 11225. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $340,801
Estimated property tax: $351,257
Tax assessor's market value: $6,324,000
Assessed value: $2,845,800

Assessment History for 388 Midwood Street, Brooklyn

Here's the assessment & property tax history for 388 Midwood 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 $6,324,000 $2,845,800 $2,739,780 12.439% $340,801 $340,801 +3.28%
2024/25 $5,866,000 $2,639,700 $2,639,700 12.5% $329,963 $329,963 -5.75%
2023/24 $6,242,000 $2,808,900 $2,808,900 12.502% $351,169 $350,111 -3.44%
2022/23 $6,632,000 $2,984,400 $2,984,400 12.267% $366,096 $362,570 +23.92%
2021/22 $5,378,000 $2,420,100 $2,420,100 12.235% $296,099 $292,572 -22.76%

Permits for 388 Midwood Street, Brooklyn

The complete history of permits filed for 388 Midwood 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.

Filing date Job type Job status Job description Initial cost
05/03/2026 Alteration
05/03/2026 Alteration
03/26/2018 Alteration
04/24/2012 Alteration type 2
12/09/2005 Alteration type 1
10/06/1997 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

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Risk

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

Transportation

Distance to Subway
Closest station Nostrand Ave & Winthrop St at NE Corner
Station lines 2-5
Distance (miles) 0.218
View subway map
Bus Routes
Name New York Av/Midwood St
Line B44
Distance (miles) 0.028

Neighbors for 388 Midwood Street, Brooklyn

Here are the neighbors for 388 Midwood Street, Brooklyn, NY 11225.

Address Square feet Purchase date Purchase price
356 Midwood St, Brooklyn 3,198 01/05/1994
377 Rutland Rd, Brooklyn 3,712 12/16/2024
365 Rutland Rd, Brooklyn 3,712 06/30/2025 $2,120,000
343 Rutland Rd, Brooklyn 2,128 05/08/1969
364 Midwood St, Brooklyn 3,198 09/10/1992
383 Rutland Rd, Brooklyn 4,781 02/02/2023
359 Rutland Rd, Brooklyn 3,712 08/26/2015 $882,000
370 Midwood St, Brooklyn 3,198 03/22/2016
373 Rutland Rd, Brooklyn 14,031 05/29/2025
351 Rutland Rd, Brooklyn 3,712 05/17/1971
358 Midwood St, Brooklyn 3,198 11/15/2019
350 Midwood St, Brooklyn 3,300 07/15/2008
369 Rutland Rd, Brooklyn 3,712 12/11/2003 $250,000
345 Rutland Rd, Brooklyn 2,120 07/13/2018
352 Midwood St, Brooklyn 3,900 07/15/2008
355 Rutland Rd, Brooklyn 3,712 11/07/2011
376 Midwood St, Brooklyn 3,198 03/03/2026
368 Midwood St, Brooklyn 3,198 08/01/2002
374 Midwood St, Brooklyn 3,198 10/27/2018
362 Midwood St, Brooklyn 3,198 03/01/2021
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