New York City » 11218 » E 7th St » 506 E 7th St

506 East 7th Street, Brooklyn, NY 11218 - Property report

Also known as: 506 Garage E 7th St

Property image for 506 East 7th Street, Brooklyn, NY 11218

Property type

Two Family Frame (B2)

Year built

1925

Lot sq. ft.

3,333

General information

Address

Primary address

506 East 7th Street

Alternate address(es)

506 Garage E 7th St

ZIP code

11218

Neighborhood

Kensington

Borough

Brooklyn

Block & lot

05375-0035

Building

Property type

Two Family Frame (B2)

Building sq. ft.

3,533

Building dimensions

25 ft x 45 ft

Buildings on lot

Stories

Year built

1925

Building material

Frame

Exterior wall

Composition

Basement

Tax

Tax year

2026-2027

Property tax

$8,873

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

East 7 Street (narrow)

Nearest wide street

Ocean Parkway

Distance to wide street

Lot dimensions

33.33 ft x 100 ft

Lot sq. ft.

3,333

Area overview

Walk score

84 /100. Very Walkable

Transit score

98 /100. Rider's Paradise

Bike score

91 /100. Biker's Paradise

School district

Community district

Closest police station

0.62 Miles

Closest fire station

0.28 Miles

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

Ownership

Ownership information for 506 East 7th Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 506 East 7th Street, Brooklyn, NY 11218

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/05/2019 - R 05/28/2019 - D	Satisfaction of Mortgage (2019060300843001)	XXXXXX XXXXXX	XXXXXXXX XXXXX XXXX XX
05/11/2016 - R 03/21/2016 - D	Deed (2016050900440002)	XXXXXX XXXXXX	XXXXX XXXXXX XX XXXXXXX
10/30/2007 - R 09/28/2007 - D	Satisfaction of Mortgage (2007100501576001)	XXXXXX XXXXXX	XXXXXXXX XXXXX XXXX XX
11/28/2007 - R 09/19/2007 - D	Mortgage (2007101801274001)	XXXXXX XXXXXX	XXXXXXXX XXXXX XXXX XX
10/21/2005 - R 11/25/2003 - D	Mortgage and Consolidation (2003120802041001)	XXXXXX XXXXXX	XXXXXXXX XXXXX XXXX
05/08/2001 - R	Mortgage (3260007640026)	XXXXXX XXXXXX	XXXXX XXXXXXXXX XXXX
08/25/1994 - R	Mortgage (3750004417475)	XXXXXX XXXXXX	XXXXXXXX XXXX
08/25/1994 - R	Agreement (3310004418431)		XXXXXXXX XXXX
08/26/1992 - R	Mortgage (3510001709751)	XXXXXX XXXXXX	XXXXXXXX XXXX
10/27/1988 - R	Satisfaction of Mortgage (3770001406777)	XXXXXX XXXXXX	XXXXXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 506 East 7th Street, 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

$8,873

Municipal exemptions

Recent tax assessments

Market value

$2,927,000

Assessed value

$175,620

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	$2,338,000	$140,280	$44,717	19.843%	$8,873	$8,873	-0.40%
2024/25	$2,141,000	$128,460	$44,357	20.085%	$8,909	$8,909	+9.66%
2023/24	$2,304,000	$138,240	$40,448	20.085%	$8,405	$8,124	+5.21%
2022/23	$2,163,000	$129,780	$38,021	20.309%	$8,018	$7,722	+7.97%
2021/22	$1,823,000	$109,380	$35,824	19.963%	$7,439	$7,152	-1.08%
2020/21	$1,780,000	$106,800	$34,354	21.045%	$7,842	$7,230	+0.27%
2019/20	$1,415,000	$84,900	$34,064	21.167%	$7,824	$7,210	+8.01%
2018/19	$1,716,000	$102,960	$31,913	20.919%	$7,295	$6,676	+9.41%
2017/18	$1,088,000	$65,280	$29,931	20.385%	$6,707	$6,101	+8.99%
2016/17	$892,000	$53,520	$28,003	19.991%	$6,208	$5,598	+2.34%

Permits

Permit information for 506 East 7th Street, Brooklyn, NY

No recently recorded permits for this property.

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Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Kensington, Ocean Parkway residential market stats

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

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

McDonald Ave & Cortelyou Rd at SE Corner

Station lines

Distance (miles)

0.355

View subway map

Access the detailed traffic volume map for 506 East 7th Street, Brooklyn, NY 11218 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 179 Kensington	5	Yes	Public	PK, K-5	668	0.27
P.S. 179 Kensington	5	Yes	Public	PK, K-5	668	0.27
Yeshiva Torah Vodaath	NR	No	Private	K-8	0	0.16
Mesivta Torah Vodaath	NR	No	Private	PK, K-8	432	0.18
Mesivta Torah Vodaath	NR	No	Private	PK, K-8	432	0.18
Bonim Lamokom	NR	No	Private		35	0.18
Yeshiva & Mesivta Torah Temimah	NR	No	Private	PK, K-12	622	0.32
P.S. 889	4	No	Public	PK, K-5	386	0.36
P.S. 889	4	No	Public	PK, K-5	386	0.36
P.S. 139 Alexine A Fenty	6	No	Public	PK, K-5	729	0.36

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Jhs 62 Ditmas	7	Yes	Public	6-8	900	0.10
Yeshiva Torah Vodaath	NR	No	Private	K-8	0	0.16
Mesivta Torah Vodaath	NR	No	Private	PK, K-8	432	0.18
Bonim Lamokom	NR	No	Private		35	0.18
Yeshiva & Mesivta Torah Temimah	NR	No	Private	PK, K-12	622	0.32
Mevakshai Hashem	NR	No	Private	PK-8	572	0.34
Middle 890	7	No	Public	6-8	301	0.36
Brooklyn Dreams Charter School	6	No	Charter	K-8	616	0.53

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Torah Vodaath High School	NR	No	Private	9-12	0	0.16
Bonim Lamokom	NR	No	Private		35	0.18
Yeshiva & Mesivta Torah Temimah	NR	No	Private	PK, K-12	622	0.32
Talmudical Yeshiva of Philadel	NR	No	Private	9-12	0	0.33
Bnos Yerushalayim School	NR	No	Private	PK-12	1,156	0.37

Frequently asked questions

What is the year built for 506 East 7th Street, Brooklyn, NY 11218?

The development at 506 East 7th Street, Brooklyn, NY 11218 was built in 1925.

What is the total square footage of 506 East 7th Street, Brooklyn, NY 11218?

506 East 7th Street, Brooklyn, NY 11218 has a total of 3,533 square feet.

What is the assessed value of 506 East 7th Street, Brooklyn, NY 11218?

506 East 7th Street, Brooklyn, NY 11218 is currently assessed at $175,620.

What are the property taxes for 506 East 7th Street, Brooklyn, NY 11218?

The property taxes for 506 East 7th Street, Brooklyn, NY 11218 total $8,873.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.