New York City » 11203 » E 38th St » 587 E 38th St

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

Also known as: 587 E 38th St

Property image for 587 East 38th Street, Brooklyn, NY 11203

Property type

Two Family Frame (B2)

Year built

1920

Lot sq. ft.

4,000

Sale price

$485,000

General information

Address

Primary address

587 East 38th Street

ZIP code

11203

Neighborhood

East Flatbush

Borough

Brooklyn

Block & lot

04972-0080

Building

Property type

Two Family Frame (B2)

Building sq. ft.

2,210

Building dimensions

22 ft x 40 ft

Buildings on lot

Stories

Year built

1920

Building material

Frame

Exterior wall

Composition

Basement

Sales

Sale date

10/15/2010

Sale price

$485,000

Tax

Tax year

2026-2027

Property tax

$8,045

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

East 38 Street (narrow)

Nearest wide street

Avenue D

Distance to wide street

Lot dimensions

40 ft x 100 ft

Lot sq. ft.

4,000

Area overview

Walk score

71 /100. Very Walkable

Transit score

93 /100. Rider's Paradise

Bike score

61 /100. Bikeable

School district

Community district

Closest police station

0.89 Miles

Closest fire station

0.60 Miles

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

Ownership

Ownership information for 587 East 38th Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 587 East 38th Street, Brooklyn, NY 11203

Sale date	Sale price	Buyer name	Seller name
10/15/2010	$485,000	XXXXX, XXXXX	XX XXXXXXX XXX, XXXXX XXX XXXX, XXXXXX
06/28/2004	$350,000	XXXXXXXXX, XXXXX	XXX XXXX XXXX XXXXXX XXX
11/17/2003	$265,000	XXX XXXX XX XXXXXX XXX	XXXXX, XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/22/2010 - R 10/28/2010 - D	Satisfaction of Mortgage (2010111000885002)	XXXX XXXXXX	XXXX XXXX XXX XXXXXXXX XXXXXXXXXXX
11/22/2010 - R 10/28/2010 - D	Assignment, Mortgage (2010111000885001)	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XX X	XXXX XXXX XXX XXXXXXXX XXXXXXXXXXX
11/16/2010 - R 10/20/2010 - D	UCC3 Termination (2010102001011001)	XXXX XXXXXX	XXXXXXXX XXX XX
11/04/2010 - R 10/15/2010 - D	Mortgage (2010101800526003)	XXXXX XXXXX	XXX XXXXXXXX X X
11/04/2010 - R 10/15/2010 - D	Deed (2010101800526002)	XX XXXXXXX XXX XXXXX	XXXXX XXXXX
11/04/2010 - R 10/13/2010 - D	Power of Attorney (2010101800526001)	XXXX XXXXXX	XXX XXXXX X
08/25/2010 - R 08/24/2010 - D	Initial UCC1 (2010082401210001)	XXXX XXXXXX	XXXXXXXX XXX XX
12/15/2010 - R 01/12/2010 - D	Assignment, Mortgage (2010120900801001)	XXXX XXX	XXXX XXXX XXX XXXXXXXX XXXXXXXXXXX
04/20/2006 - R 04/05/2006 - D	Satisfaction of Mortgage (2006040500894003)	XXXXXXXXX XXXXX	XXXXXXXXXXX XXXX XXXXX XXXXXXXXX XX
03/27/2006 - R 03/03/2006 - D	Mortgage (2006031700466002)	XXXX XXXXXX	XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 587 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

$8,045

Municipal exemptions

Recent tax assessments

Market value

$924,000

Assessed value

$55,440

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	$1,061,000	$63,660	$38,263	19.843%	$7,593	$7,593	+4.67%
2024/25	$1,043,000	$62,580	$36,116	20.085%	$7,254	$7,254	0.00%
2023/24	$1,106,000	$66,360	$36,116	20.085%	$7,254	$7,254	+3.84%
2022/23	$1,087,000	$65,220	$34,396	20.309%	$6,985	$6,985	+3.58%
2021/22	$839,000	$50,340	$33,785	19.963%	$6,744	$6,744	+0.50%
2020/21	$701,000	$42,060	$31,886	21.045%	$6,710	$6,710	+5.33%
2019/20	$611,000	$36,660	$30,097	21.167%	$6,371	$6,371	+1.19%
2018/19	$661,000	$39,660	$30,097	20.919%	$6,296	$6,296	+7.75%
2017/18	$617,000	$37,020	$28,663	20.385%	$5,843	$5,843	+3.81%
2016/17	$615,000	$36,900	$28,154	19.991%	$5,628	$5,628	+8.32%

Permits

Permit information for 587 East 38th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
06/12/2025	Alteration
06/02/2025	Alteration
06/02/2025	Alteration

*Most recent permits on record 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

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Nostrand Ave & Newkirk Ave at SE Corner

Station lines

2-5

Distance (miles)

0.409

View subway map

Access the detailed traffic volume map for 587 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	0.31
P.S. 198	5	Yes	Public	PK, K-5	293	0.31
St. Therese of Lisieux School	NR	No	Private	PK, K-8	0	0.29
St. Therese of Lisieux School	NR	No	Private	PK, K-8	0	0.29
St Catherine Genoa-St Therese Lisieu	NR	No	Private	PK-8	199	0.32
St Catherine Genoa-St Therese Lisieu	NR	No	Private	PK-8	199	0.32
P.S. 361 East Flatbush Early Childhood School	3	No	Public	PK, K-5	396	0.43
P.S. 361 East Flatbush Early Childhood School	3	No	Public	PK, K-5	396	0.43
Phyl's Academy Prep	NR	No	Private	PK-5	180	0.43
P.S. 269 Nostrand	NR	No	Public	PK, 3-5	325	0.44

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Andries Hudde School	3	Yes	Public	6-8	423	1.23
St. Therese of Lisieux School	NR	No	Private	PK, K-8	0	0.29
St Catherine Genoa-St Therese Lisieu	NR	No	Private	PK-8	199	0.32
Central Brooklyn Ascend Charter	8	No	Charter	K-8	778	0.47
St. Jerome School	NR	No	Private	PK, K-8	302	0.48
New Vistas Academy	NR	No	Private	K-12	66	0.49
St. Vincent Ferrer School	NR	No	Private	PK, K-8	0	0.49
P.S. 109	4	No	Public	PK, K-8	520	0.52
P.S. 181	5	No	Public	PK, K-8	554	0.57

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	297	0.13
Cristo Rey Brooklyn High School	NR	No	Private	9-12	302	0.13
Catherine Mc Auley High School	NR	No	Private	9-12	185	0.14
New Vistas Academy	NR	No	Private	K-12	66	0.49
New Vistas Academy	NR	No	Private	1-12	0	0.52
Midwood High School	7	No	Public	9-12	4,062	0.90
Cultural Academy For The Arts And Sciences	3	No	Public	9-12	232	1.04
It Takes A Village Academy	3	No	Public	9-12	308	1.04
Kurt Hahn Expeditionary Learning School	1	No	Public	9-12	152	1.04

Frequently asked questions

What is the year built for 587 East 38th Street, Brooklyn, NY 11203?

The development at 587 East 38th Street, Brooklyn, NY 11203 was built in 1920.

What is the total square footage of 587 East 38th Street, Brooklyn, NY 11203?

587 East 38th Street, Brooklyn, NY 11203 has a total of 2,210 square feet.

When was 587 East 38th Street, Brooklyn, NY 11203 last sold and what was the sale price?

587 East 38th Street, Brooklyn, NY 11203 was last sold on 10/15/2010 for $485,000.

What is the assessed value of 587 East 38th Street, Brooklyn, NY 11203?

587 East 38th Street, Brooklyn, NY 11203 is currently assessed at $55,440.

What are the property taxes for 587 East 38th Street, Brooklyn, NY 11203?

The property taxes for 587 East 38th Street, Brooklyn, NY 11203 total $8,044.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.