New York City  »  11225  »  Flatbush Ave  »  498 Flatbush Ave

498 Flatbush Avenue, Brooklyn, NY 11225 - Property report

Also known as: 498 Flatbush Ave

Property image for 498 Flatbush Avenue, Brooklyn, NY 11225
static Mapbox map

Property type

Primarily Two Family with One Store or Office (S2)

Year built

1925

Lot sq. ft.

1,520

Sale price

$600,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

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

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
2,975
Building dimensions
17 ft x 50 ft
Buildings on lot
1
Stories
3
Year built
1925
Building material
Sales
Sale date
08/25/2010
Sale price
$600,000
Tax
Tax year
2026-2027
Property tax
$12,932
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
2
Residential sq. ft.
Commercial units
1
Retail sq. ft.
Lot
Lot dimensions
17 ft x 83 ft
Lot sq. ft.
1,520

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
17
Community district
9
Closest police station
0.74 Miles
Closest fire station
0.46 Miles

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

Ownership

Ownership information for 498 Flatbush Avenue, Brooklyn, NY

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

Sales history for 498 Flatbush Avenue, Brooklyn, NY 11225

Sale date Sale price Buyer name Seller name
08/25/2010 $600,000 XXXXXXXX, XXXXX XXXXX, XXXXXXX
10/29/2002 $285,000 XXXXX, XXXXXXX 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
08/16/2021 - R Initial UCC1
(2021081200184004)		 XXX XXXXXXXX XXXXXX XXXXXX XXXXXXXXXXX XXXXX XXXXXXXX XXXX
08/26/2021 - R
08/13/2021 - D		 Satisfaction of Mortgage
(2021081700430001)		 XXXXXXXX XXXXX XX XXXX
08/16/2021 - R
08/03/2021 - D		 Assignment of Leases and Rents
(2021081200184003)		 XXX XXXXXXXX XXXXXX XXXXXX XXXXXXXXXXX XXXXX XXXXXXXX XXXX
08/16/2021 - R
08/03/2021 - D		 Mortgage
(2021081200184002)		 XXX XXXXXXXX XXXXXX XXXXXX XXXXXXXXXXX XXXXX XXXXXXXX XXXX
08/16/2021 - R
08/03/2021 - D		 Deed
(2021081200184001)		 XXXXXXXX XXXXX XXX XXXXXXXX XXXXXX XXXXXX XXXXXXXXXXX
05/29/2015 - D
05/29/2015 - R		 Maps
(2015052700552001)		 XXX XXXX XX XXXX XXXXXXXX
09/07/2010 - R
08/25/2010 - D		 Mortgage
(2010090101196002)		 XXXXXXXX XXXXX XXXX
09/07/2010 - R
08/25/2010 - D		 Deed
(2010090101196001)		 XXXXX XXXXXXX XXXXXXXX XXXXX
06/12/2009 - R
06/05/2009 - D		 Satisfaction of Mortgage
(2009060501344001)		 XXXXX XXXXXXX XXXXXXXX XXXXX XXXX X X
10/07/2003 - R
10/29/2002 - D		 Mortgage
(2003020100106002)		 XXXXX XXXXXXX XX XXXXXX XXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 498 Flatbush Avenue, 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
$12,932
Municipal exemptions
Recent tax assessments
Market value
$2,972,000
Assessed value
$178,320

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 $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%
2020/21 $1,049,000 $62,940 $51,235 21.045% $10,782 $10,782 +5.39%
2019/20 $912,000 $54,720 $48,336 21.167% $10,231 $10,231 +7.26%
2018/19 $760,000 $45,600 $45,600 20.919% $9,539 $9,539 -38.11%
2017/18 $357,000 $160,650 $146,583 10.514% $15,412 $15,412 +4.98%
2016/17 $341,000 $153,450 $138,843 10.574% $14,681 $14,681 +3.95%
Permits

Permit information for 498 Flatbush Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/21/2003 Alteration type 1

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% 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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Flatbush Ave & Empire Blvd at SW Corner
Station lines
B-Q-FS
Distance (miles)
0.041
View subway map

Access the detailed traffic volume map for 498 Flatbush Avenue, Brooklyn, NY 11225 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

Neighbors for 498 Flatbush Avenue, Brooklyn, NY

504 Flatbush Ave, Brooklyn 494 Flatbush Ave, Brooklyn 21 Lincoln Rd, Brooklyn 75 Ocean Ave, Brooklyn 524 Flatbush Ave, Brooklyn 65 Ocean Ave, Brooklyn 526 Flatbush Ave, Brooklyn 500 Flatbush Ave, Brooklyn 518 Flatbush Ave, Brooklyn 522 Flatbush Ave, Brooklyn 496 Flatbush Ave, Brooklyn 516 Flatbush Ave, Brooklyn 39 Ocean Ave, Brooklyn 55 Ocean Ave, Brooklyn 502 Flatbush Ave, Brooklyn 510 Flatbush Ave, Brooklyn 528 Flatbush Ave, Brooklyn 492 Flatbush Ave, Brooklyn 15 Ocean Ave, Brooklyn 45 Ocean Ave, Brooklyn

Nearby ZIP codes for 498 Flatbush Avenue, Brooklyn, NY

11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11210, New York City, NY 11211, 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 11219, New York City, NY 11221, New York City, NY 11226, New York City, NY 11230, New York City, NY 11231, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 498 Flatbush Avenue, Brooklyn, NY 11225?

The development at 498 Flatbush Avenue, Brooklyn, NY 11225 was built in 1925.

What is the market value of 498 Flatbush Avenue, Brooklyn, NY 11225?

The current market value of 498 Flatbush Avenue, Brooklyn, NY 11225 is $2,972,000.

What is the total square footage of 498 Flatbush Avenue, Brooklyn, NY 11225?

498 Flatbush Avenue, Brooklyn, NY 11225 has a total of 2,975 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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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