New York City  »  11225  »  Flatbush Ave  »  502 Flatbush Ave

502 Flatbush Avenue, Brooklyn, NY 11225 - Property report

Also known as: 502 Flatbush Ave

Property image for 502 Flatbush Avenue, Brooklyn, NY 11225
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Property type

Multi-Story Retail Building (2 or More) (K2)

Year built

1925

Lot sq. ft.

2,503

Sale price

$680,000

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
502 Flatbush Avenue
ZIP code
11225
Neighborhood
Prospect - Lefferts Gardens
Borough
Brooklyn
Block & lot
05024-0050

Owner

Find out who owns 502 Flatbush Avenue, Brooklyn, NY 11225. Uncover corporate and individual owners with a free account.

Building
Property type
Multi-Story Retail Building (2 or More) (K2)
Building sq. ft.
2,600
Building dimensions
25 ft x 52 ft
Buildings on lot
1
Stories
2
Year built
1925
Building material
Sales
Sale date
01/30/2007
Sale price
$680,000
Tax
Tax year
2026-2027
Property tax
$17,378
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25 ft x 104.17 ft
Lot sq. ft.
2,503

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
0.73 Miles
Closest fire station
0.46 Miles

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

Ownership

Ownership information for 502 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 502 Flatbush Avenue, Brooklyn, NY 11225

Sale date Sale price Buyer name Seller name
01/30/2007 $680,000 XXX XXXXX XXXXXX XXXXX XX X XXXXXXXX XXXXXX XXXXXXXX XX X
11/10/2006 $335,000 XXXXXXXX XXXXXX XXXXXXXX XX X XXXXXXXXXXXX XXXX XXXXX XX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/26/2022 - R
10/25/2022 - D		 Assignment, Mortgage
(2022102501085001)		 XXXXXXXX XXXXXXXXXX XXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX
10/14/2022 - R
10/13/2022 - D		 Assignment, Mortgage
(2022101300627001)		 XXXXX XXXXXXXX XXX XXXXXXXX XXXXXXXXXX XXXXXXX XXX
04/25/2022 - R
03/11/2022 - D		 Satisfaction of Mortgage
(2022021801299001)		 XXX XXXXX XXXXXXXX XXX XXXXXXXX XXXX X XXX
03/21/2022 - R
03/08/2022 - D		 Mortgage
(2022031501073001)		 XXX XXXXX XXXXXXXX XXX XXXXX XXXXXXXX XXX
07/08/2021 - R
04/27/2021 - D		 Release
(2021061600355009)		 XXXXXXX XXXXXXXX XXXXXX XXXXXXXXXXX XX XXXXX XXXXXXX XXX
07/08/2021 - R
04/27/2021 - D		 Assignment, Mortgage
(2021061600355004)		 XX XXXXX XXXXXXX XXX XXXXXXXX XXXX X XXX
01/25/2021 - R
12/22/2020 - D		 Assignment, Mortgage
(2021011501234008)		 XX XXXXX XXXXXXX XXX XXXXXXX XXXXXXXX XXXXXX XXXXXXXXXXX
01/25/2021 - R
12/22/2020 - D		 Assignment, Mortgage
(2021011501234007)		 XXXXXXX XXXXXX XXXXXXX XXXXXXXXXXX XX XXXXX XXXXXXX XXX
04/16/2026 - R
10/19/2020 - D		 Satisfaction of Mortgage
(2026041500667001)		 XXX XXXXX XXXXXX XXXXX XXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
03/06/2020 - R Initial UCC1
(2020030600562001)		 XXX XXXXX XXXXXXXX XXX XX XXXXXXXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 502 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
$17,378
Municipal exemptions
Recent tax assessments
Market value
$356,000
Assessed value
$160,200

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 $381,000 $171,450 $171,450 10.848% $18,599 $18,599 +9.73%
2024/25 $350,000 $157,500 $157,500 10.762% $16,950 $16,950 -18.06%
2023/24 $434,000 $195,300 $195,300 10.592% $20,686 $20,686 +4.05%
2022/23 $415,000 $186,750 $186,750 10.646% $19,881 $19,881 +11.32%
2021/22 $369,000 $166,050 $166,050 10.755% $17,859 $17,859 -20.26%
2020/21 $496,000 $223,200 $209,430 10.694% $22,396 $22,396 +8.78%
2019/20 $517,000 $232,650 $195,390 10.537% $20,588 $20,588 +10.44%
2018/19 $498,000 $224,100 $177,300 10.514% $18,641 $18,641 +9.85%
2017/18 $421,000 $189,450 $161,403 10.514% $16,970 $16,970 +6.12%
2016/17 $395,000 $177,750 $151,233 10.574% $15,991 $15,991 +4.65%
Permits

Permit information for 502 Flatbush Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
11/21/2003 Alteration type 2
08/29/2003 Alteration type 1
04/03/2003 Alteration type 1
01/15/2003 Alteration type 2
09/20/2002 Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record 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)
0.048
View subway map

Access the detailed traffic volume map for 502 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 502 Flatbush Avenue, Brooklyn, NY

504 Flatbush Ave, Brooklyn 494 Flatbush Ave, Brooklyn 21 Lincoln Rd, Brooklyn 524 Flatbush Ave, Brooklyn 498 Flatbush Ave, Brooklyn 526 Flatbush Ave, Brooklyn 532 Flatbush Ave, Brooklyn 518 Flatbush Ave, Brooklyn 534 Flatbush Ave, Brooklyn 500 Flatbush Ave, Brooklyn 522 Flatbush Ave, Brooklyn 496 Flatbush Ave, Brooklyn 516 Flatbush Ave, Brooklyn 39 Ocean Ave, Brooklyn 55 Ocean 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 502 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 502 Flatbush Avenue, Brooklyn, NY 11225?

The development at 502 Flatbush Avenue, Brooklyn, NY 11225 was built in 1925.

What is the market value of 502 Flatbush Avenue, Brooklyn, NY 11225?

The current market value of 502 Flatbush Avenue, Brooklyn, NY 11225 is $356,000.

What is the total square footage of 502 Flatbush Avenue, Brooklyn, NY 11225?

502 Flatbush Avenue, Brooklyn, NY 11225 has a total of 2,600 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 3.

Disclaimer

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