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118 Terrace Place, Brooklyn, NY 11218 Property Information

118 Terrace Place, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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118 Terrace Place, Brooklyn, NY 11218 1
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Address

Primary address 118 Terrace Place
Neighborhood Windsor Terrace
Zip code 11218
Borough Brooklyn
Block & lot 05263-0009

Sales & Tax Overview for 118 Terrace Place, Brooklyn

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Tax class

Lot & Building Information for 118 Terrace Place, Brooklyn

Lot sq. ft. 2,950
Lot dimensions 29.5 ft x 100 ft
Property type Two Family Brick (B1)
Building sqft 3,575
Building dimensions 20 ft x 65 ft
Buildings on lot 1
Stories 2
Structure type Old style
Building material Brick
Exterior wall Stucco
Basement type Full
Garage type Basement garage
Year built 1930
Frontage Terrace Place (wide)
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Zoning & Use for 118 Terrace Place, Brooklyn

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 1.23 Miles
Closest fire station 0.25 Miles

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

Other Property Data for 118 Terrace Place, Brooklyn

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Floor area ratio (FAR) for 118 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 118 Terrace Place, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 118 Terrace Place, Brooklyn

What is the year built & the total sq. ft. for 118 Terrace Place, Brooklyn, NY 11218?

118 Terrace Place, Brooklyn, NY 11218 was built in 1930 and has a total of 3,575 square feet.

What is the assessed value of 118 Terrace Place, Brooklyn, NY 11218 and the property tax paid?

Assessed at $244,440, the tax amount paid for 118 Terrace Place, Brooklyn, NY 11218 is $11,761.

When was 118 Terrace Place, Brooklyn, NY 11218 last sold?

118 Terrace Place, Brooklyn, NY 11218 was last sold in 04/25/1978.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 118 Terrace Place, Brooklyn

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Property owner name for 118 Terrace Place, Brooklyn, NY 11218
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Building contacts for 118 Terrace Place, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 118 Terrace Place, Brooklyn

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No recorded sales for this property.

Title Documents for 118 Terrace Place, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
07/29/1997 - R Satisfaction of Mortgage
(3040005704704)
04/25/1978 - R Deed
(37830099000286)
08/29/1977 - R Mortgage
(37730094101134)
08/29/1977 - R Deed
(37730094101132)
           
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R: Recorded date
D: Document date

Property Taxes for 118 Terrace Place, Brooklyn

Access detailed property tax data for 118 Terrace Place, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $11,762
Tax assessor's market value: $4,074,000
Assessed value: $244,440
Exemptions granted by city:

Assessment History for 118 Terrace Place, Brooklyn

Here's the assessment & property tax history for 118 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 $3,202,000 $192,120 $57,067 19.843% $11,606 $11,324 +4.72%
2024/25 $3,278,000 $196,680 $53,838 20.085% $11,083 $10,813 +3.33%
2023/24 $3,705,000 $222,300 $52,104 20.085% $10,746 $10,465 +4.95%
2022/23 $3,337,000 $200,220 $49,101 20.309% $10,268 $9,972 +1.69%
2021/22 $2,833,000 $169,980 $49,121 19.963% $10,093 $9,806 -1.55%

Permits for 118 Terrace Place, Brooklyn

The complete history of permits filed for 118 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
11/19/1997 Alteration type 2
         
         
         
         
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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

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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) 0.162
View subway map

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 130 The Parkside 6 Yes Public PK, K-5 834 0.40
P.S. 130 The Parkside 6 Yes Public PK, K-5 834 0.40
Windsor Terrace School (The) 8 No Public K-5 413 0.19
Holy Name Of Jesus School NR No Private PK, K-8 239 0.38
Holy Name Of Jesus School NR No Private PK, K-8 239 0.38

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
MS 442 Carroll Gardens School for Innovation 9 No Public 6-8 344 0.30
Brooklyn Urban Garden Charter School 6 No Charter 6-8 310 0.30
Holy Name Of Jesus School NR No Private PK, K-8 239 0.38
St. Joseph the Worker Catholic Academy NR No Private PK-8 186 0.38
International Christian School NR No Private PK-12 85 0.41

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
International Christian School NR No Private PK-12 85 0.41
Brooklyn Prospect Charter School NR No Charter 8-12 677 0.46
Mesilas Bais Yaakov NR No Private 9-12 260 0.46
BROOKLYN PROSPECT CS -CSD 15.2 7 No Charter K-1, 6-12 1,084 0.47
Brooklyn College Academy 7 No Public 9-12 631 0.48

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

Neighbors for 118 Terrace Place, Brooklyn

Here are the neighbors for 118 Terrace Place, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
126 Terrace Pl, Brooklyn 3,575 10/02/1986
140 Terrace Pl, Brooklyn 2,656 09/06/2023
71 Seeley St, Brooklyn 2,520 11/16/2021
134 Terrace Pl, Brooklyn 3,588 12/12/2013
136 Terrace Pl, Brooklyn 2,928 08/14/2013 $1,550,000
105 Seeley St, Brooklyn 896 06/27/1985
120 Terrace Pl, Brooklyn 3,575 08/22/2019 $1,900,000
130 Terrace Pl, Brooklyn 3,575 05/18/2012
138 Terrace Pl, Brooklyn 3,245 04/15/2025
114 Terrace Pl, Brooklyn 3,575 11/26/2003
124 Terrace Pl, Brooklyn 3,575 04/03/2023 $1,875,000
132 Terrace Pl, Brooklyn 3,289 10/05/1993
103 Seeley St, Brooklyn 896 06/30/2011
110 Terrace Pl, Brooklyn 3,382 05/27/2003
131 Seeley St, Brooklyn 1,376 01/13/2005
101 Seeley St, Brooklyn 896 09/23/2004 $575,000
107 Seeley St, Brooklyn 3,725 06/17/2003 $580,000
99 Seeley St, Brooklyn 3,600 04/06/2004
1150 Prospect Ave, Brooklyn 3,567 10/30/2020 $1,340,000
108 Terrace Pl, Brooklyn 3,465 07/12/2018
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