New York City  »  11203  »  E 42nd St  »  581 E 42nd St

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

Also known as: 581 Garage E 42nd St

Property image for 581 East 42nd Street, Brooklyn, NY 11203
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Property type

Miscellaneous One Family (A9)

Year built

1925

Lot sq. ft.

2,000

Sale price

$312,000

General information

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Address
Primary address
581 East 42nd Street
Alternate address(es)
581 Garage E 42nd St
ZIP code
11203
Neighborhood
East Flatbush
Borough
Brooklyn
Block & lot
04976-0076

Owner

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Building
Property type
Miscellaneous One Family (A9)
Building sq. ft.
1,408
Building dimensions
16 ft x 36 ft
Buildings on lot
2
Stories
2
Year built
1925
Building material
Frame
Exterior wall
Wood
Basement
4
Garage type
Detached, Frame Garage
Sales
Sale date
04/19/2005
Sale price
$312,000
Tax
Tax year
2026-2027
Property tax
$6,162
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
1
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
East 42 Street (narrow)
Nearest wide street
Avenue D
Distance to wide street
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
74 /100.  Very Walkable
Transit score
87 /100.  Excellent Transit
Bike score
63 /100.  Bikeable
School district
22
Community district
17
Closest police station
0.92 Miles
Closest fire station
0.75 Miles

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Ownership information for 581 East 42nd Street, Brooklyn, NY

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

Sales history for 581 East 42nd Street, Brooklyn, NY 11203

Sale date Sale price Buyer name Seller name
04/19/2005 $312,000 XXXXXXXX, XXXX XXX XXXXXX, XXXXX XXXXX, XXXXXXXXXXX
09/26/2003 $197,500 XXXXX, XXXXXXXXXXX XXXXX, XXXXXX X XX XXX XXXXX , XXXXXXXX, XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
09/24/2021 - R
08/09/2021 - D
Assignment, Mortgage
(2021092100746001)
XXXX XX XXXXXXX XXX XXXX XXXX XXX XXXX XX XXXXXXX XXX XXXXXX XXX
10/05/2021 - R
08/08/2021 - D
Satisfaction of Mortgage
(2021092901481001)
XXXXXX XXXXX XXXX XXXX XXX XX
09/24/2021 - R
07/12/2021 - D
Agreement
(2021092100746003)
XXXXXXXX XXXX X XXXX XX XXXXXXX XXX XXXXXX XXX
09/24/2021 - R
07/12/2021 - D
Mortgage
(2021092100746002)
XXXXXXXX XXXX X XXXX XX XXXXXXX XXX XXXXXX XXX
05/14/2015 - R
03/16/2015 - D
Agreement
(2015050700530004)
XXXXXXXX XXXX XXXXXXX XXXX
05/14/2015 - R
03/16/2015 - D
Mortgage
(2015050700530003)
XXXXXXXX XXXX XXXXXXX XXXX
05/14/2015 - R
03/16/2015 - D
Deed
(2015050700530001)
XXXXXX XXXXX XXXXXXXX XXXX XXXXXXX
05/14/2015 - R
03/02/2015 - D
Assignment, Mortgage
(2015050700530002)
XXXXXXXXXXXX XXX XXXX
12/09/2014 - R
04/01/2013 - D
Mortgage and Consolidation
(2014100300294001)
XXXXXX XXXXX XXXXXXXXXXXX XXX
07/03/2008 - R
06/18/2008 - D
Satisfaction of Mortgage
(2008061800771001)
XXXXXX XXXXX XXXXX XXXXX XXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 581 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
$6,162
Municipal exemptions
Recent tax assessments
Market value
$879,000
Assessed value
$52,740

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 $794,000 $47,640 $31,054 19.843% $6,162 $6,162 +3.65%
2024/25 $715,000 $42,900 $29,600 20.085% $5,945 $5,945 +6.00%
2023/24 $787,000 $47,220 $27,925 20.085% $5,609 $5,609 +0.69%
2022/23 $683,000 $40,980 $27,427 20.309% $5,570 $5,570 +14.17%
2021/22 $670,000 $40,200 $24,438 19.963% $5,166 $4,879 -5.25%
2020/21 $560,000 $33,600 $24,468 21.045% $5,446 $5,149 +4.56%
2019/20 $539,000 $32,340 $23,267 21.167% $5,221 $4,925 +7.94%
2018/19 $441,000 $26,460 $21,811 20.919% $4,868 $4,563 +4.66%
2017/18 $474,000 $28,440 $21,386 20.385% $4,659 $4,360 +8.96%
2016/17 $399,000 $23,940 $20,015 19.991% $4,311 $4,001 +2.39%

Permit information for 581 East 42nd 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
5

Subway & traffic

Closest station
Nostrand Ave & Newkirk Ave at SE Corner
Station lines
2-5
Distance (miles)
0.608

Access the detailed traffic volume map for 581 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. 109 4 Yes Public PK, K-8 520 0.39
P.S. 109 4 Yes Public PK, K-8 520 0.39
St. Therese of Lisieux School NR No Private PK, K-8 0 0.10
St. Therese of Lisieux School NR No Private PK, K-8 0 0.10
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.13
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.13
P.S. 198 5 No Public PK, K-5 293 0.25
P.S. 198 5 No Public PK, K-5 293 0.25
P.S. 208 Elsa Ebeling 7 No Public PK, K-5 266 0.33
P.S. 208 Elsa Ebeling 7 No Public PK, K-5 266 0.33
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Andries Hudde School 3 Yes Public 6-8 423 1.30
St. Therese of Lisieux School NR No Private PK, K-8 0 0.10
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.13
P.S. 109 4 No Public PK, K-8 520 0.39
Great Oaks Elementary School NR No Private K-8 116 0.40
The Bible Speaks Academy NR No Private 3-9 5 0.52
St. Vincent Ferrer School NR No Private PK, K-8 0 0.56
Central Brooklyn Ascend Charter 8 No Charter K-8 778 0.67
P.S. 181 5 No Public PK, K-8 554 0.69
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Catherine Mc Auley High School NR No Private 9-12 185 0.29
Cristo Rey Brooklyn High School NR No Private 9-12 297 0.29
Cristo Rey Brooklyn High School NR No Private 9-12 302 0.29
New Vistas Academy NR No Private K-12 66 0.60
New Vistas Academy NR No Private 1-12 0 0.63
It Takes A Village Academy 3 No Public 9-12 308 0.87
Kurt Hahn Expeditionary Learning School 1 No Public 9-12 152 0.87
Cultural Academy For The Arts And Sciences 3 No Public 9-12 232 0.87
Midwood High School 7 No Public 9-12 4,062 1.06
Brooklyn Theatre Arts High School 4 No Public 9-12 216 1.08

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

Frequently asked questions

What is the year built for 581 East 42nd Street, Brooklyn, NY 11203?

The development at 581 East 42nd Street, Brooklyn, NY 11203 was built in 1925.

What is the total square footage of 581 East 42nd Street, Brooklyn, NY 11203?

581 East 42nd Street, Brooklyn, NY 11203 has a total of 1,408 square feet.

When was 581 East 42nd Street, Brooklyn, NY 11203 last sold and what was the sale price?

581 East 42nd Street, Brooklyn, NY 11203 was last sold on 04/19/2005 for $312,000.

What is the assessed value of 581 East 42nd Street, Brooklyn, NY 11203?

581 East 42nd Street, Brooklyn, NY 11203 is currently assessed at $52,740.

What are the property taxes for 581 East 42nd Street, Brooklyn, NY 11203?

The property taxes for 581 East 42nd Street, Brooklyn, NY 11203 total $6,162.

How many residential units does this building have?

This building has 1 residential unit(s).

Disclaimer

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