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181 Terrace Place, Brooklyn, NY 11218 Property Information

181 Terrace Place, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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181 Terrace Place, Brooklyn, NY 11218 3
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Address

Primary address 181 Terrace Place
Secondary address 181 Garage Terrace Pl
Neighborhood Windsor Terrace
Zip code 11218
Borough Brooklyn
Block & lot 05256-0036

Sales & Tax Overview for 181 Terrace Place, Brooklyn

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

Purchase date 01/24/2025
Purchase price $2,075,000
Tax class
Estimated property tax $7,320

Lot & Building Information for 181 Terrace Place, Brooklyn

Lot sqft 1,820
Lot dimensions 23.25 ft x 97.83 ft
Building class One Family Attached or Semi-Detached (A5)
Building sqft 1,288
Building dimensions 17.42 ft x 28 ft
Buildings on lot 2
Stories 2
Structure type Old style
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Garage type Detached, frame garage
Year built 1930
Frontage(s) Terrace Place (wide)
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Zoning & Use for 181 Terrace Place, Brooklyn

Zoning
Residential units (DOF) 1
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 1.31 Miles
Closest fire station 0.31 Miles

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

Other Property Data for 181 Terrace Place, Brooklyn

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Floor area ratio (FAR) for 181 Terrace Place, Brooklyn, NY 11218, 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 181 Terrace Place, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 181 Garage Terrace Pl, Brooklyn, NY 11218

About 181 Terrace Place, Brooklyn

What is the year built & the total sq. ft. for 181 Terrace Place, Brooklyn, NY 11218?

181 Terrace Place, Brooklyn, NY 11218 was built in 1930 and has a total of 1,288 square feet.

What is the assessed value of 181 Terrace Place, Brooklyn, NY 11218 and the property tax paid?

Assessed at $96,720, the tax amount paid for 181 Terrace Place, Brooklyn, NY 11218 is $7,315. For the next year, the tax amount for 181 Terrace Place, Brooklyn, NY 11218 is estimated at $7,320.

When was 181 Terrace Place, Brooklyn, NY 11218 last sold and what was the last sale price?

181 Terrace Place, Brooklyn, NY 11218 was last sold in 01/24/2025 for $2,075,000.

How many residential units does this building have?

This building has 1 residential unit(s).

Ownership Information for 181 Terrace Place, Brooklyn

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Property owner name for 181 Terrace Place, Brooklyn, NY 11218
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Building contacts for 181 Terrace Place, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 181 Terrace Place, Brooklyn

Create a free account to view the complete sales history for 181 Terrace Place, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
01/24/2025 $2,075,000

Title Documents for 181 Terrace Place, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
02/11/2025 - D
02/13/2025 - R
Sundry Miscellaneous
(2025021100968001)
01/24/2025 - D
02/03/2025 - R
Mortgage
(2025012900560002)
01/24/2025 - D
02/03/2025 - R
Deed
(2025012900560001)
05/24/2024 - D
05/30/2024 - R
Deed
(2024052800412001)
11/04/1991 - R Satisfaction of Mortgage
(3100001648310)
08/24/1990 - R Satisfaction of Mortgage
(3210001563521)
06/04/1990 - R Satisfaction of Mortgage
(3100001543910)
04/18/1990 - R Mortgage
(3170001532817)
04/18/1990 - R Deed
(3160001532816)
04/18/1990 - R Power of Attorney
(3150001532815)
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R: Recorded date
D: Document date

Property Taxes for 181 Terrace Place, Brooklyn

Access detailed property tax data for 181 Terrace Place, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,316
Estimated property tax: $7,320
Tax assessor's market value: $1,612,000
Assessed value: $96,720

Assessment History for 181 Terrace Place, Brooklyn

Here's the assessment & property tax history for 181 Terrace Place, 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 $1,612,000 $96,720 $36,869 19.843% $7,316 $7,316 +8.78%
2024/25 $1,573,000 $94,380 $33,484 20.085% $6,994 $6,725 +5.61%
2023/24 $1,498,000 $89,880 $31,706 20.085% $6,649 $6,368 +4.78%
2022/23 $1,479,000 $88,740 $29,925 20.309% $6,374 $6,077 +3.89%
2021/22 $1,622,000 $97,320 $29,302 19.963% $6,137 $5,850 -5.17%

Permits for 181 Terrace Place, Brooklyn

The complete history of permits filed for 181 Terrace Place, 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
04/18/2025 Alteration
04/05/2025 Alteration
02/17/2025 Alteration
02/17/2025 Alteration
         
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Windsor Terrace Residential Market Stats

Access a detailed real estate market overview of Windsor Terrace so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Windsor Terrace and compare it to other neighborhoods in Brooklyn.

Median Sale Price
$722,500
-27.7% YoY
Median Price/Sqft
$1,181
19.1% YoY
Brooklyn Median Sale Price
$885,000
2.5% 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 Prospect Ave & Reeve Pl at SE Corner
Station lines F
Distance (miles) 0.222
View subway map
Bus Routes
Name Prospect Pk Sw/Terrace Pl
Line B68
Distance (miles) 0.105

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Windsor Terrace School (The) 8 Yes Public K-5 413 0.09
St. Joseph the Worker Catholic Academy NR No Private PK-8 186 0.37
St. Joseph the Worker Catholic Academy NR No Private PK-8 186 0.37
Holy Name Of Jesus School NR No Private PK, K-8 239 0.37
Holy Name Of Jesus School NR No Private PK, K-8 239 0.37

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
St. Joseph the Worker Catholic Academy NR No Private PK-8 186 0.37
Brooklyn Urban Garden Charter School 6 No Charter 6-8 310 0.37
MS 442 Carroll Gardens School for Innovation 9 No Public 6-8 344 0.37
Holy Name Of Jesus School NR No Private PK, K-8 239 0.37
International Christian School NR No Private PK-12 85 0.43

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
International Christian School NR No Private PK-12 85 0.43
Brooklyn College Academy 7 No Public 9-12 631 0.50
Mesilas Bais Yaakov NR No Private 9-12 260 0.51
Brooklyn Prospect Charter School NR No Charter 8-12 677 0.56
BROOKLYN PROSPECT CS -CSD 15.2 7 No Charter K-1, 6-12 1,084 0.57

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 181 Terrace Place, Brooklyn

Here are the neighbors for 181 Terrace Place, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
17 Temple CT, Brooklyn 1,192 02/15/2007 $725,000
102 Sherman St, Brooklyn 2,160 10/14/2004
179 Terrace Pl, Brooklyn 1,288 09/10/2007 $752,500
15 Temple CT, Brooklyn 793 10/23/2008
191 Terrace Pl, Brooklyn 2,400 12/21/2023 $2,088,000
9 Temple CT, Brooklyn 1,288 11/29/2011 $880,000
185 Terrace Pl, Brooklyn 2,400 10/06/1999
195 Terrace Pl, Brooklyn 2,400 03/27/1987
110 Sherman St, Brooklyn 3,320 01/26/1996
21 Temple CT, Brooklyn 1,214 09/30/2011 $225,000
13 Temple CT, Brooklyn 939 10/30/2003 $448,500
7 Temple CT, Brooklyn 1,232 04/14/2000
203 Terrace Pl, Brooklyn 2,400 06/30/1999
187 Terrace Pl, Brooklyn 2,400 12/20/2021 $2,100,000
106 Sherman St, Brooklyn 2,160 03/21/2014
104 Sherman St, Brooklyn 2,160 04/27/2011 $820,000
19 Temple CT, Brooklyn 1,201 07/13/1984
11 Temple CT, Brooklyn 1,057 06/08/1990
199 Terrace Pl, Brooklyn 2,400 06/03/1999
23 Temple CT, Brooklyn 1,164 07/26/2005 $870,000
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