New York City  »  11203  »  E 42nd St  »  506 E 42nd St

506 East 42nd Street, Brooklyn, NY 11203 - Property report

Also known as: 506 E 42nd St

Property image for 506 East 42nd Street, Brooklyn, NY 11203
static Mapbox map

Property type

Two Family Brick (B1)

Year built

1940

Lot sq. ft.

2,150

General information

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Address
Primary address
506 East 42nd Street
ZIP code
11203
Neighborhood
East Flatbush
Borough
Brooklyn
Block & lot
04958-0020

Owner

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Building
Property type
Two Family Brick (B1)
Building sq. ft.
909
Building dimensions
21.5 ft x 44 ft
Buildings on lot
1
Stories
1
Year built
1940
Building material
Brick
Exterior wall
Brick/Masonary
Basement
4
Tax
Tax year
2026-2027
Property tax
$4,941
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 42 Street (narrow)
Nearest wide street
Albany Avenue
Distance to wide street
Lot dimensions
21.5 ft x 100 ft
Lot sq. ft.
2,150

Area overview

Walk score
72 /100.  Very Walkable
Transit score
87 /100.  Excellent Transit
Bike score
63 /100.  Bikeable
School district
18
Community district
17
Closest police station
1.04 Miles
Closest fire station
0.67 Miles

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

Ownership

Ownership information for 506 East 42nd Street, Brooklyn, NY

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

Sales history for 506 East 42nd 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
12/27/2018 - R
12/20/2018 - D		 Satisfaction of Mortgage
(2018122001311001)		 XXXXXXX XXXXXXXX X XXXXXXXX X X
05/22/2014 - R
04/14/2014 - D		 Satisfaction of Mortgage
(2014050701024003)		 XXXXXXX XXXXXX XXX XXXX XX XXX XXXX XXXXXX XXXXX XXXXXX X
05/22/2014 - R
04/14/2014 - D		 Assignment, Mortgage
(2014050701024002)		 XXXXXXXX XXXXXXXX XXXX XX XXXXXXXXXXX XXX XXXX XX XXX XXXX XXXXXX XXXXX XXXXXXX
09/10/2002 - R Assignment, Mortgage
(3370008845737)		 XXXXXXXX XXXXXXXX XXXX XX XXXXXXXXXXX XXXXXXXX XXXXX XXXXXX
11/14/2001 - R Mortgage
(3680007884868)		 XXXXXXX XXXXXX XXXXXXXX XXXXXXXX XXXX XX XXXXXXXXXXX
10/17/2001 - R
08/17/2001 - D		 Deed
(3020007849902)		 XXXXXXX XXXXXXXX X XXXXXXX XXXXXXXX X
11/04/1998 - R Mortgage
(3160006312316)		 XXXXXXX XXXXXXXX X XXXXXX XXXXXXX XXXXXXX XXXXXX XXXXX
06/11/1998 - R Satisfaction of Mortgage
(3260006118226)		 XXXXXXX XXXXXXXX X XXXXXXXXX XXXXXXXXX XXX
02/20/1998 - R Satisfaction of Mortgage
(3250005963725)		 XXXXXXX XXXXXXXX XXXX XXXXXXXXX XXXXXXXX XX XXX
11/24/1992 - R Assignment, Mortgage
(3000001730700)		 XXXX XXXXXXXXX XXXXXX XXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 506 East 42nd 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
$4,941
Municipal exemptions
Recent tax assessments
Market value
$415,000
Assessed value
$24,900

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 $445,000 $26,700 $26,700 19.843% $5,298 $5,298 -5.25%
2024/25 $464,000 $27,840 $27,840 20.085% $5,592 $5,592 +7.29%
2023/24 $525,000 $31,500 $25,948 20.085% $5,493 $5,212 +5.43%
2022/23 $430,000 $25,800 $24,340 20.309% $5,240 $4,943 +0.41%
2021/22 $435,000 $26,100 $24,660 19.963% $5,210 $4,923 -8.13%
2020/21 $455,000 $27,300 $25,463 21.045% $5,655 $5,359 +0.20%
2019/20 $503,000 $30,180 $25,266 21.167% $5,644 $5,348 +7.88%
2018/19 $488,000 $29,280 $23,699 20.919% $5,263 $4,958 +9.22%
2017/18 $433,000 $25,980 $22,266 20.385% $4,839 $4,539 +8.93%
2016/17 $404,000 $24,240 $20,844 19.991% $4,477 $4,167 +2.38%
Permits

Permit information for 506 East 42nd Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

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
6

Subway & traffic

Closest station
Nostrand Ave & Newkirk Ave at SE Corner
Station lines
2-5
Distance (miles)
0.6
View subway map

Access the detailed traffic volume map for 506 East 42nd 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. 208 Elsa Ebeling 7 Yes Public PK, K-5 266 0.36
P.S. 208 Elsa Ebeling 7 Yes Public PK, K-5 266 0.36
St. Therese of Lisieux School NR No Private PK, K-8 0 0.15
St. Therese of Lisieux School NR No Private PK, K-8 0 0.15
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.19
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.19
P.S. 198 5 No Public PK, K-5 293 0.39
P.S. 198 5 No Public PK, K-5 293 0.39
Phyl's Academy Prep NR No Private PK-5 180 0.42
P.S. 109 4 No Public PK, K-8 520 0.53
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Is 285 Meyer Levin 6 Yes Public 6-8 552 0.93
St. Therese of Lisieux School NR No Private PK, K-8 0 0.15
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.19
Great Oaks Elementary School NR No Private K-8 116 0.53
P.S. 109 4 No Public PK, K-8 520 0.53
Learning Dynamics Academy NR No Private PK, K-7 0 0.54
P.S. 181 5 No Public PK, K-8 554 0.57
Excelsior Elementary School NR No Private 6-12 131 0.58
Central Brooklyn Ascend Charter 8 No Charter K-8 778 0.67
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 0.34
Cristo Rey Brooklyn High School NR No Private 9-12 297 0.34
Catherine Mc Auley High School NR No Private 9-12 185 0.34
Excelsior Elementary School NR No Private 6-12 131 0.58
New Vistas Academy NR No Private K-12 66 0.68
Cultural Academy For The Arts And Sciences 3 No Public 9-12 232 0.84
Kurt Hahn Expeditionary Learning School 1 No Public 9-12 152 0.84
It Takes A Village Academy 3 No Public 9-12 308 0.84
Midwood High School 7 No Public 9-12 4,062 1.11
Academy of Hospitality and Tourism 3 No Public 9-12 348 1.15

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

Neighbors for 506 East 42nd Street, Brooklyn, NY

514 E 42nd St, Brooklyn 528 E 42nd St, Brooklyn 530 E 42nd St, Brooklyn 482 E 42nd St, Brooklyn 520 E 42nd St, Brooklyn 504 E 42nd St, Brooklyn 498 E 42nd St, Brooklyn 496 E 42nd St, Brooklyn 490 E 42nd St, Brooklyn 484 E 42nd St, Brooklyn 518 E 42nd St, Brooklyn 526 E 42nd St, Brooklyn 532 E 42nd St, Brooklyn 522 E 42nd St, Brooklyn 4124 Clarendon Rd, Brooklyn 508 E 42nd St, Brooklyn 510 E 42nd St, Brooklyn 500 E 42nd St, Brooklyn 492 E 42nd St, Brooklyn 486 E 42nd St, Brooklyn

Nearby ZIP codes for 506 East 42nd Street, 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 506 East 42nd Street, Brooklyn, NY 11203?

The development at 506 East 42nd Street, Brooklyn, NY 11203 was built in 1940.

What is the total square footage of 506 East 42nd Street, Brooklyn, NY 11203?

506 East 42nd Street, Brooklyn, NY 11203 has a total of 909 square feet.

What is the assessed value of 506 East 42nd Street, Brooklyn, NY 11203?

506 East 42nd Street, Brooklyn, NY 11203 is currently assessed at $24,900.

What are the property taxes for 506 East 42nd Street, Brooklyn, NY 11203?

The property taxes for 506 East 42nd Street, Brooklyn, NY 11203 total $4,940.

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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