New York City  »  11203  »  E 38th St  »  505 E 38th St

505 East 38th Street, Brooklyn, NY 11203 - Property report

Also known as: 505 E 38th St

Property image for 505 East 38th Street, Brooklyn, NY 11203
static Mapbox map

Property type

Two Family Converted from One Family (B3)

Year built

1920

Lot sq. ft.

1,900

General information

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Address
Primary address
505 East 38th Street
Alternate address(es)
505 Garage E 38th St
ZIP code
11203
Neighborhood
East Flatbush
Borough
Brooklyn
Block & lot
04955-0075

Owner

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Building
Property type
Two Family Converted from One Family (B3)
Building sq. ft.
1,512
Building dimensions
14 ft x 50 ft
Buildings on lot
2
Stories
2
Year built
1920
Building material
Frame
Exterior wall
Composition
Basement
4
Garage type
Detached, Frame Garage
Tax
Tax year
2026-2027
Property tax
$5,579
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
East 38 Street (narrow)
Nearest wide street
Clarendon Road
Distance to wide street
Lot dimensions
19 ft x 100 ft
Lot sq. ft.
1,900

Area overview

Walk score
67 /100.  Somewhat Walkable
Transit score
91 /100.  Rider's Paradise
Bike score
62 /100.  Bikeable
School district
22
Community district
17
Closest police station
1.04 Miles
Closest fire station
0.68 Miles

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

Ownership information for 505 East 38th Street, Brooklyn, NY

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

Sales history for 505 East 38th Street, Brooklyn, NY 11203

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/12/2010 - R
11/25/2009 - D
Assignment, Mortgage
(2009122900586001)
XXXXXXX XXXXXXXXXX XXXX XXXXXXXXX XXXXX XXXXXX XXXXX
03/15/2007 - R
02/12/2007 - D
Satisfaction of Mortgage
(2007021301154001)
XXXXXXXXXXXXXXXX XXXXX X XXXXXX XXX XXXXXXXX XXXXXXXXXXX
02/20/2007 - R
01/24/2007 - D
Mortgage
(2007020701721001)
XXXXXXXX XXXXX X
02/21/2006 - R
02/08/2006 - D
Satisfaction of Mortgage
(2006020801060001)
XXXXXXXX XXXXX X XXXXXXX XXXXXXXX XXXXXXX XXXX
11/29/2005 - R
11/03/2005 - D
Mortgage
(2005111801404001)
XXXXXXXXXXXXXXXX XXXXX X XXXXXX XXX XXXXXXXX XXXXXXXXXXX
11/16/2004 - R
08/11/2004 - D
Deed
(2004090300659001)
XXXXXXXX XXXXX X XXXXXXXX XXXXX X
09/08/2004 - R
08/11/2004 - D
Mortgage
(2004081700310001)
XXXXXXXX XXXXX X XXXXX XXXXXXX XXXX
06/13/2003 - R Release
(2003032002599001)
XXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXXXXX XXX XXX
04/25/2001 - R Mortgage
(3980007622398)
XXXXXXXX XXXXX X XXXXXXX XXXXXXXX XXXXXXX XXXX
04/25/2001 - R Deed
(3980007622798)
XXXXX XXXXXXXXX XXXXXXXX XXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 505 East 38th Street, 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
$5,579
Municipal exemptions
Recent tax assessments
Market value
$568,000
Assessed value
$34,080

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 $550,000 $33,000 $30,579 19.843% $6,350 $6,068 +4.71%
2024/25 $647,000 $38,820 $28,851 20.085% $6,064 $5,795 +6.53%
2023/24 $690,000 $41,400 $27,083 20.085% $5,721 $5,440 +5.40%
2022/23 $592,000 $35,520 $25,413 20.309% $5,458 $5,161 +1.66%
2021/22 $517,000 $31,020 $25,433 19.963% $5,365 $5,077 -4.48%
2020/21 $552,000 $33,120 $25,256 21.045% $5,612 $5,315 +5.69%
2019/20 $509,000 $30,540 $23,759 21.167% $5,325 $5,029 +7.92%
2018/19 $478,000 $28,680 $22,276 20.919% $4,965 $4,660 +9.25%
2017/18 $411,000 $24,660 $20,924 20.385% $4,565 $4,265 +2.36%
2016/17 $483,000 $28,980 $20,844 19.991% $4,477 $4,167 +3.24%

Permit information for 505 East 38th Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

HPD Violations

No recently recorded violations for this property.

East Flatbush, Farragut residential market stats

Access a detailed real estate market overview of East Flatbush, Farragut so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in East Flatbush, Farragut and compare it to other neighborhoods in Brooklyn.

Median sale price

Median price/sq. ft.

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Nostrand Ave & Beverly Rd at SE Corner
Station lines
2-5
Distance (miles)
0.438

Access the detailed traffic volume map for 505 East 38th Street, 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 198 5 Yes Public PK, K-5 293 0.44
P.S. 198 5 Yes Public PK, K-5 293 0.44
Phyl's Academy Prep NR No Private PK-5 180 0.30
Phyl's Academy Prep NR No Private PK-5 180 0.30
St. Therese of Lisieux School NR No Private PK, K-8 0 0.32
St. Therese of Lisieux School NR No Private PK, K-8 0 0.32
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.35
P.S. 181 5 No Public PK, K-8 554 0.44
P.S. 181 5 No Public PK, K-8 554 0.44
P.S. 361 East Flatbush Early Childhood School 3 No Public PK, K-5 396 0.51
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
St. Therese of Lisieux School NR No Private PK, K-8 0 0.32
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.35
P.S. 181 5 No Public PK, K-8 554 0.44
Central Brooklyn Ascend Charter 8 No Charter K-8 778 0.52
St. Jerome School NR No Private PK, K-8 302 0.52
Excelsior Elementary School NR No Private 6-12 131 0.62
New Vistas Academy NR No Private K-12 66 0.62
P.S. 109 4 No Public PK, K-8 520 0.63
Ms 246 Walt Whitman 3 No Public 6-8 308 0.75
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Cristo Rey Brooklyn High School NR No Private 9-12 302 0.27
Cristo Rey Brooklyn High School NR No Private 9-12 297 0.27
Catherine Mc Auley High School NR No Private 9-12 185 0.28
Excelsior Elementary School NR No Private 6-12 131 0.62
New Vistas Academy NR No Private K-12 66 0.62
High School For Service And Learning At Erasmus 2 No Public 9-12 234 0.99
High School for Youth and Community Development 3 No Public 9-12 463 0.99
Science Tech And Research High School At Erasmus 8 No Public 6-12 610 0.99
Acad for College Prep & Career Exploration: A College Board School 3 No Public 6-12 394 0.99
Academy of Hospitality and Tourism 3 No Public 9-12 348 0.99

Data provided by GreatSchools.org © 2026. All rights reserved.

Frequently asked questions

What is the year built for 505 East 38th Street, Brooklyn, NY 11203?

The development at 505 East 38th Street, Brooklyn, NY 11203 was built in 1920.

What is the total square footage of 505 East 38th Street, Brooklyn, NY 11203?

505 East 38th Street, Brooklyn, NY 11203 has a total of 1,512 square feet.

What is the assessed value of 505 East 38th Street, Brooklyn, NY 11203?

505 East 38th Street, Brooklyn, NY 11203 is currently assessed at $34,080.

What are the property taxes for 505 East 38th Street, Brooklyn, NY 11203?

The property taxes for 505 East 38th Street, Brooklyn, NY 11203 total $5,579.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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