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

Also known as: 502 E Third St, Brooklyn, NY 11218

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

Also known as: 502 E Third St, Brooklyn, NY 11218

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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500 East 3rd Street, Brooklyn, NY 11218 2
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Address

Primary address 500 East 3rd Street
Secondary address 500-502 E 3rd St
Neighborhood Kensington
Zip code 11218
Borough Brooklyn
Block & lot 05371-0016

Sales & Tax Overview for 500 East 3rd Street, Brooklyn

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

Purchase date 04/29/2015
Purchase price $824,000
Tax class
Estimated property tax $6,345

Lot & Building Information for 500 East 3rd Street, Brooklyn

Lot sqft 2,600
Lot dimensions 26 ft x 100 ft
Building class Two Family Brick (B1) i
Building sqft 2,600
Building dimensions 20.5 ft x 65 ft
Buildings on lot 1
Stories 2
Structure type Old style
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Year built 1925
Frontage(s) East 3 Street (narrow)
Nearest wide street Avenue C
Distance to wide street
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Zoning & Use for 500 East 3rd Street, Brooklyn

Zoning
Residential units (DOF) 2
Residential 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 500 East 3rd Street, Brooklyn

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Floor area ratio (FAR) for 500 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 500 East 3rd Street, 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.

  • 500-502 E 3rd St, Brooklyn, NY 11218
  • 502 Rear E 3rd St, Brooklyn, NY 11218

About 500 East 3rd Street, Brooklyn

What is the year built & the total sq. ft. for 500 East 3rd Street, Brooklyn, NY 11218?

500 East 3rd Street, Brooklyn, NY 11218 was built in 1925 and has a total of 2,600 square feet.

What is the assessed value of 500 East 3rd Street, Brooklyn, NY 11218 and the property tax paid?

Assessed at $96,420, the tax amount paid for 500 East 3rd Street, Brooklyn, NY 11218 is $9,501. For the next year, the tax amount for 500 East 3rd Street, Brooklyn, NY 11218 is estimated at $6,345.

When was 500 East 3rd Street, Brooklyn, NY 11218 last sold and what was the last sale price?

500 East 3rd Street, Brooklyn, NY 11218 was last sold in 04/29/2015 for $824,000.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 500 East 3rd Street, Brooklyn

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Property owner name for 500 East 3rd Street, Brooklyn, NY 11218
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Building contacts for 500 East 3rd Street, 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 500 East 3rd Street, Brooklyn

Create a free account to view the complete sales history for 500 East 3rd Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
04/29/2015 $824,000

Title Documents for 500 East 3rd Street, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
06/10/2020 - D
06/19/2020 - R
Satisfaction of Mortgage
(2020061000372001)
05/22/2020 - D
06/12/2020 - R
Agreement
(2020061100868003)
05/22/2020 - D
06/12/2020 - R
Mortgage
(2020061100868002)
05/22/2020 - D
06/12/2020 - R
Assignment, Mortgage
(2020061100868001)
01/05/2017 - D
01/10/2017 - R
Satisfaction of Mortgage
(2017010600906001)
12/09/2016 - D
03/06/2017 - R
Mortgage
(2016121500345001)
11/14/2016 - D
03/06/2017 - R
Subordination of Mortgage
(2016121500345002)
03/09/2016 - D
03/22/2016 - R
Mortgage
(2016031700774001)
04/29/2015 - D
05/14/2015 - R
Mortgage
(2015050400677002)
04/29/2015 - D
05/14/2015 - R
Deed
(2015050400677001)
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R: Recorded date
D: Document date

Property Taxes for 500 East 3rd Street, Brooklyn

Access detailed property tax data for 500 East 3rd Street, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $6,272
Estimated property tax: $6,345
Tax assessor's market value: $1,607,000
Assessed value: $96,420

Assessment History for 500 East 3rd Street, Brooklyn

Here's the assessment & property tax history for 500 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 $1,607,000 $96,420 $47,884 19.843% $9,502 $6,272 +7.33%
2024/25 $1,760,000 $105,600 $45,174 20.085% $9,073 $5,844 -31.73%
2023/24 $1,623,000 $97,380 $42,618 20.085% $8,560 $8,560 +4.82%
2022/23 $1,393,000 $83,580 $40,210 20.309% $8,166 $8,166 +5.67%
2021/22 $1,223,000 $73,380 $38,710 19.963% $8,027 $7,728 -4.38%

Permits for 500 East 3rd Street, Brooklyn

The complete history of permits filed for 500 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
09/18/2023 Alteration
09/15/2023 Alteration type 2
         
         
         
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Kensington Residential Market Stats

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

Median Sale Price
$538,380
7.7% YoY
Median Price/Sqft
$740
28.4% YoY
Brooklyn Median Sale Price
$839,000
6.2% 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) 0.195
View subway map
Bus Routes
Name MC Donald Av/Av C
Line B67
Distance (miles) 0.119

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.03
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.03
Bnos Yerushalayim School NR No Private PK-12 1,156 0.12
Bnos Yerushalayim School NR No Private PK-12 1,156 0.12
Yeshiva Derech Chaim NR No Private 0 0.25

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 223 The Montauk 6 Yes Public 6-8 702 0.43
Bnos Yerushalayim School NR No Private PK-12 1,156 0.12
Yeshiva Derech Chaim NR No Private 0 0.25
Gan Yisroel NR No Private PK, K-8 0 0.29
Yeshiva Chatzar Hakodesh Sanz NR No Private K-8 0 0.31

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Bnos Yerushalayim School NR No Private PK-12 1,156 0.12
Yeshiva Derech Chaim NR No Private 0 0.25
Talmudical Yeshiva of Philadel NR No Private 9-12 0 0.31
Bais Tziporah NR No Private K-12 0 0.32
Yeshivat Shaare Torah Girls' D NR No Private PK, K-12 0 0.33

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

Neighbors for 500 East 3rd Street, Brooklyn

Here are the neighbors for 500 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
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
498 E 3rd St, Brooklyn 2,665 07/31/1987
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
593 MC Donald 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
530 E 3rd St, Brooklyn 2,600 05/21/1992
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