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498 East 3rd Street, Brooklyn, NY 11218 Property Information

498 East 3rd Street, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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498 East 3rd Street, Brooklyn, NY 11218 1
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Address

Primary address 498 East 3rd Street
Neighborhood Kensington
Zip code 11218
Borough Brooklyn
Block & lot 05371-0015

Sales & Tax Overview for 498 East 3rd Street, Brooklyn

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Tax class

Lot & Building Information for 498 East 3rd Street, Brooklyn

Lot sq. ft. 2,500
Lot dimensions 25 ft x 100 ft
Property type Adult Care Facility (I7)
Building sqft 2,665
Building dimensions 20.5 ft x 65 ft
Buildings on lot 1
Stories 2
Year built 1925
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Zoning & Use for 498 East 3rd Street, Brooklyn

Zoning
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 12
Closest police station 0.66 Miles
Closest fire station 0.53 Miles

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

Other Property Data for 498 East 3rd Street, Brooklyn

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Floor area ratio (FAR) for 498 East 3rd Street, 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 498 East 3rd Street, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 498 East 3rd Street, Brooklyn

What is the year built & the total sq. ft. for 498 East 3rd Street, Brooklyn, NY 11218?

498 East 3rd Street, Brooklyn, NY 11218 was built in 1925 and has a total of 2,665 square feet.

What is the assessed value of 498 East 3rd Street, Brooklyn, NY 11218?

The assessed market value for the current tax year is $138,150.

When was 498 East 3rd Street, Brooklyn, NY 11218 last sold?

498 East 3rd Street, Brooklyn, NY 11218 was last sold in 07/31/1987.

Ownership Information for 498 East 3rd Street, Brooklyn

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Property owner name for 498 East 3rd Street, Brooklyn, NY 11218
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Building contacts for 498 East 3rd Street, 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 498 East 3rd Street, Brooklyn

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No recorded sales for this property.

Title Documents for 498 East 3rd Street, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
09/24/2013 - R
09/17/2013 - D
Sundry Agreement
(2013091701628001)
03/16/1994 - R Assignment, Mortgage
(3660004195966)
03/16/1994 - R Assignment, Mortgage
(3690004195969)
03/16/1994 - R Satisfaction of Mortgage
(3360004192136)
06/24/1992 - R UCC3 Continuation
(3210003958621)
12/16/1987 - R Uniform Commercial Code 1
(3800001843980)
12/16/1987 - R Assignment, Mortgage
(3870001327287)
12/16/1987 - R Mortgage
(3860001327286)
12/16/1987 - R Initial UCC1
(3620003919462)
09/09/1987 - R Satisfaction of Mortgage
(3470001298547)
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R: Recorded date
D: Document date

Property Taxes for 498 East 3rd Street, Brooklyn

Access detailed property tax data for 498 East 3rd Street, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $0
Tax assessor's market value: $307,000
Assessed value: $138,150
Exemptions granted by city:

Assessment History for 498 East 3rd Street, Brooklyn

Here's the assessment & property tax history for 498 East 3rd Street, 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 $300,000 $135,000 $0 10.848% $13,756 $0 n/a
2024/25 $296,000 $133,200 $0 10.762% $13,725 $0 n/a
2023/24 $290,000 $130,500 $0 10.592% $13,537 $0 n/a
2022/23 $273,000 $122,850 $0 10.646% $13,079 $0 n/a
2021/22 $250,000 $112,500 $0 10.755% $12,099 $0 n/a

Permits for 498 East 3rd Street, Brooklyn

The complete history of permits filed for 498 East 3rd Street, 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
12/16/2013 Alteration type 2
05/14/2013 Alteration type 2
02/12/2013 Alteration type 2
         
         
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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
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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 McDonald Ave & Cortelyou Rd at SE Corner
Station lines F
Distance (miles) 0.2
View subway map

Neighbors for 498 East 3rd Street, Brooklyn

Here are the neighbors for 498 East 3rd Street, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
510 E 3rd St, Brooklyn 2,600 01/28/2014
516 E 3rd St, Brooklyn 4,980 01/25/2002
571 McDonald Ave, Brooklyn 12,000 10/04/2003 $850,000
621 MC Donald Ave, Brooklyn 10,000 04/01/2005
649 McDonald Ave, Brooklyn 01/31/2007 $1
500 E 3rd St, Brooklyn 2,600 04/29/2015 $824,000
504 E 3rd St, Brooklyn 2,600 02/22/2003
528 E 3rd St, Brooklyn 3,135 07/18/2023 $2,035,000
105 Cortelyou Rd, Brooklyn 14,400 11/08/1996
522 E 3rd St, Brooklyn 3,900 04/18/2018 $220,000
506 E 3rd St, Brooklyn 2,600 09/05/1996
581 MC Donald Ave, Brooklyn 12,500 09/30/1997
653-657 McDonald Ave, Brooklyn 4,550 01/31/2007 $1
202 Avenue C, Brooklyn 94,750
597 McDonald Ave, Brooklyn 11,960 03/18/1999
524 E 3rd St, Brooklyn 2,600 03/29/1978
639 McDonald Ave, Brooklyn 50,000 01/31/2007 $1
512 E 3rd St, Brooklyn 2,600 08/15/2022 $1,600,000
518 E 3rd St, Brooklyn 2,600 09/20/2018 $1,385,000
115 Cortelyou Rd, Brooklyn 1,860 02/09/2009 $475,000
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