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498 Flatbush Avenue, Brooklyn, NY 11225 Property Information

498 Flatbush Avenue, Brooklyn, NY 11225 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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498 Flatbush Avenue, Brooklyn, NY 11225 1
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Address

Primary address 498 Flatbush Avenue
Neighborhood Prospect - Lefferts Gardens
Zip code 11225
Borough Brooklyn
Block & lot 05024-0048

Sales & Tax Overview for 498 Flatbush Avenue, Brooklyn

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

Purchase date 08/25/2010
Purchase price $600,000
Tax class
Estimated property tax $12,931

Lot & Building Information for 498 Flatbush Avenue, Brooklyn

Lot sq. ft. 1,520
Lot dimensions 17 ft x 83 ft
Property type Primarily Two Family with One Store or Office (S2)
Building sqft 2,975
Building dimensions 17 ft x 50 ft
Buildings on lot 1
Stories 3
Year built 1925
Construction type
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Zoning & Use for 498 Flatbush Avenue, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 9
Closest police station 0.74 Miles
Closest fire station 0.46 Miles

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

Other Property Data for 498 Flatbush Avenue, 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 498 Flatbush Avenue, 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 498 Flatbush Avenue, Brooklyn, NY 11225, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 498 Flatbush Avenue, Brooklyn

How many square feet does 498 Flatbush Avenue, Brooklyn, NY 11225 have?

This Primarily Two Family with One Store or Office (S2) located at 498 Flatbush Avenue, Brooklyn, NY 11225 has a total of 2,975 square feet.

What is the year built & the current market value of 498 Flatbush Avenue, Brooklyn, NY 11225?

498 Flatbush Avenue, Brooklyn, NY 11225 was built in 1925 and has a current tax assessor's market value of $2,633,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 498 Flatbush Avenue, Brooklyn

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Property owner name for 498 Flatbush Avenue, Brooklyn, NY 11225
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Building contacts for 498 Flatbush Avenue, Brooklyn, NY 11225
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 498 Flatbush Avenue, Brooklyn

Create a free account to view the complete sales history for 498 Flatbush Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
08/25/2010 $600,000
10/29/2002 $285,000
       
       
       
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Title Documents for 498 Flatbush Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
08/16/2021 - R Initial UCC1
(2021081200184004)
08/13/2021 - D
08/26/2021 - R
Satisfaction of Mortgage
(2021081700430001)
08/03/2021 - D
08/16/2021 - R
Assignment of Leases and Rents
(2021081200184003)
08/03/2021 - D
08/16/2021 - R
Mortgage
(2021081200184002)
08/03/2021 - D
08/16/2021 - R
Deed
(2021081200184001)
05/29/2015 - D
05/29/2015 - R
Maps
(2015052700552001)
08/25/2010 - D
09/07/2010 - R
Mortgage
(2010090101196002)
08/25/2010 - D
09/07/2010 - R
Deed
(2010090101196001)
06/05/2009 - D
06/12/2009 - R
Satisfaction of Mortgage
(2009060501344001)
10/29/2002 - D
10/07/2003 - R
Mortgage
(2003020100106002)
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R: Recorded date
D: Document date

Property Taxes for 498 Flatbush Avenue, Brooklyn

Access detailed property tax data for 498 Flatbush Avenue, Brooklyn, NY 11225. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $12,200
Estimated property tax: $12,931
Tax assessor's market value: $2,633,000
Assessed value: $157,980

Assessment History for 498 Flatbush Avenue, Brooklyn

Here's the assessment & property tax history for 498 Flatbush Avenue, 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 $2,633,000 $157,980 $61,482 19.843% $12,200 $12,200 +4.72%
2024/25 $2,080,000 $124,800 $58,003 20.085% $11,650 $11,650 +6.00%
2023/24 $1,838,000 $110,280 $54,720 20.085% $10,991 $10,991 -1.10%
2022/23 $1,443,000 $86,580 $54,720 20.309% $11,113 $11,113 +2.50%
2021/22 $1,280,000 $76,800 $54,308 19.963% $10,842 $10,842 +0.55%

Permits for 498 Flatbush Avenue, Brooklyn

The complete history of permits filed for 498 Flatbush Avenue, 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
05/21/2003 Alteration type 1
         
         
         
         
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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

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

Risk

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

Transportation

Distance to Subway
Closest station Flatbush Ave & Empire Blvd at SW Corner
Station lines B-Q-FS
Distance (miles) 0.041
View subway map
Bus Routes
Name Flatbush Av/Ocean Av
Line B16
Distance (miles) 0.05

Neighbors for 498 Flatbush Avenue, Brooklyn

Here are the neighbors for 498 Flatbush Avenue, Brooklyn, NY 11225.

Address Square feet Purchase date Purchase price
504 Flatbush Ave, Brooklyn 7,200 05/29/2025 $4,100,000
494 Flatbush Ave, Brooklyn 2,538 07/21/2011 $485,000
21 Lincoln Rd, Brooklyn 07/07/1986
75 Ocean Ave, Brooklyn 79,122 05/19/1999
524 Flatbush Ave, Brooklyn 7,596 06/14/2007
65 Ocean Ave, Brooklyn 44,316 12/16/2016 $14,250,000
526 Flatbush Ave, Brooklyn 7,596 01/10/2001
500 Flatbush Ave, Brooklyn 2,550 12/11/2008 $10
518 Flatbush Ave, Brooklyn 7,598 11/15/2000
522 Flatbush Ave, Brooklyn 7,596 06/24/2004
496 Flatbush Ave, Brooklyn 2,551 12/16/2016
516 Flatbush Ave, Brooklyn 6,686 07/14/1989
39 Ocean Ave, Brooklyn 29,214 12/31/2012 $43,606
55 Ocean Ave, Brooklyn 28,542 12/31/2012 $43,606
502 Flatbush Ave, Brooklyn 2,600 02/27/2020
510 Flatbush Ave, Brooklyn 51,236 07/19/2019
528 Flatbush Ave, Brooklyn 7,596 10/16/2012 $775,000
492 Flatbush Ave, Brooklyn 2,550 12/05/2014 $1,100,000
15 Ocean Ave, Brooklyn 18,800 11/17/1999
45 Ocean Ave, Brooklyn 29,214 12/31/2012 $43,606
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