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551 Bay Ridge Parkway, Brooklyn, NY 11209 Property Information

551 Bay Ridge Parkway, Brooklyn, NY 11209 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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551 Bay Ridge Parkway, Brooklyn, NY 11209
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Address

Primary address 551 Bay Ridge Parkway
Neighborhood Bay Ridge
Zip code 11209
Borough Brooklyn
Block & lot 05931-0067

Sales & Tax Overview for 551 Bay Ridge Parkway, Brooklyn

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

Purchase date 05/23/2006
Purchase price $745,000
Tax class
Estimated property tax $12,391

Lot & Building Information for 551 Bay Ridge Parkway, Brooklyn

Lot sqft 2,732
Lot dimensions 20 ft x 136.58 ft
Building class Primarily Two Family with One Store or Office (S2)
Building sqft 3,324
Building dimensions 20 ft x 55 ft
Buildings on lot 1
Stories 2
Year built 1899
Year last altered 2008
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Zoning & Use for 551 Bay Ridge Parkway, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 1
Residential sqft
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 10
Closest police station 0.67 Miles
Closest fire station 0.65 Miles

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

Other Property Data for 551 Bay Ridge Parkway, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 551 Bay Ridge Parkway, Brooklyn, NY 11209, 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 551 Bay Ridge Parkway, Brooklyn, NY 11209, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 551 Bay Ridge Parkway, Brooklyn

How many sq. ft. does 551 Bay Ridge Parkway, Brooklyn, NY 11209 have & what is the price per sq. ft?

This Primarily Two Family with One Store or Office (S2) located at 551 Bay Ridge Parkway, Brooklyn, NY 11209 has a total of 3,324 square feet and a current price per square foot of $224.

What is the year built & the current market value of 551 Bay Ridge Parkway, Brooklyn, NY 11209?

551 Bay Ridge Parkway, Brooklyn, NY 11209 was built in 1899 and has a current tax assessor's market value of $1,212,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 551 Bay Ridge Parkway, Brooklyn

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Property owner name for 551 Bay Ridge Parkway, Brooklyn, NY 11209
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Building contacts for 551 Bay Ridge Parkway, Brooklyn, NY 11209
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 551 Bay Ridge Parkway, Brooklyn

Create a free account to view the complete sales history for 551 Bay Ridge Parkway, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
05/23/2006 $745,000

Title Documents for 551 Bay Ridge Parkway, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
07/02/2014 - D
07/16/2014 - R
Satisfaction of Mortgage
(2014070702694001)
05/23/2006 - D
09/29/2006 - R
Mortgage
(2006060100469002)
05/23/2006 - D
09/29/2006 - R
Deed
(2006060100469001)
12/11/1997 - R Satisfaction of Mortgage
(3960005877696)
09/20/1993 - R Assignment, Mortgage
(3300001801330)
10/24/1979 - R Mortgage
(37930111200796)
10/24/1979 - R Deed
(37930111200794)
11/30/1971 - R Mortgage
(37130052201428)
11/30/1971 - R Deed
(37130052201426)
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R: Recorded date
D: Document date

Property Taxes for 551 Bay Ridge Parkway, Brooklyn

Access detailed property tax data for 551 Bay Ridge Parkway, Brooklyn, NY 11209. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $11,754
Estimated property tax: $12,391
Tax assessor's market value: $1,212,000
Assessed value: $72,720

Assessment History for 551 Bay Ridge Parkway, Brooklyn

Here's the assessment & property tax history for 551 Bay Ridge Parkway, 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 $1,212,000 $72,720 $59,236 19.843% $11,754 $11,754 +4.39%
2024/25 $1,353,000 $81,180 $56,060 20.085% $11,260 $11,260 +2.65%
2023/24 $1,354,000 $81,240 $54,614 20.085% $10,969 $10,969 +3.79%
2022/23 $1,344,000 $80,640 $52,038 20.309% $10,568 $10,568 +1.74%
2021/22 $1,256,000 $75,360 $52,038 19.963% $10,388 $10,388 -0.00%

Permits for 551 Bay Ridge Parkway, Brooklyn

The complete history of permits filed for 551 Bay Ridge Parkway, 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
01/15/2015 Alteration type 2
08/25/2011 Alteration type 3
05/15/2008 Alteration type 2
10/19/2007 Alteration type 2
10/03/2007 Alteration type 3
08/01/2006 Alteration type 2
06/19/2006 Alteration type 1
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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 Q4/2025
$495
12.2% YoY
Median Price/Sqft Q3/2025
$496
6.7% YoY
Median Price/Sqft 2025
$492
6.6% 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 4th Ave & 77th St at NE Corner
Station lines R
Distance (miles) 0.237
View subway map
Bus Routes
Name Bay Ridge Py/6 Av
Line B4
Distance (miles) 0.047

Neighbors for 551 Bay Ridge Parkway, Brooklyn

Here are the neighbors for 551 Bay Ridge Parkway, Brooklyn, NY 11209.

Address Square feet Purchase date Purchase price
549 Bay Ridge Pkwy, Brooklyn 3,300 03/29/2011 $700,000
545 Bay Ridge Pkwy, Brooklyn 2,192 02/09/1994
537 Bay Ridge Pkwy, Brooklyn 3,300 06/02/2015 $935,000
533 Bay Ridge Pkwy, Brooklyn 3,300 10/19/2001
565 Bay Ridge Pkwy, Brooklyn 3,292 09/12/1985
571 Bay Ridge Pkwy, Brooklyn 2,192 01/26/2023
557 Bay Ridge Pkwy, Brooklyn 3,300 12/13/2019 $999,999
567 Bay Ridge Pkwy, Brooklyn 2,192 03/29/1972
535 Bay Ridge Pkwy, Brooklyn 2,746 08/06/2004 $800,000
569 Bay Ridge Pkwy, Brooklyn 3,300 09/02/2020 $1,300,000
577 Bay Ridge Pkwy, Brooklyn 3,300 11/08/2004
555 Bay Ridge Pkwy, Brooklyn 2,168 11/27/2013 $731,500
575 Bay Ridge Pkwy, Brooklyn 3,300 01/06/1993
547 Bay Ridge Pkwy, Brooklyn 3,300 07/22/2019 $100,000
541 Bay Ridge Pkwy, Brooklyn 3,300 04/07/2022
529 Bay Ridge Pkwy, Brooklyn 3,300 05/28/2021
559 Bay Ridge Pkwy, Brooklyn 3,300 10/27/2006 $775,000
539 Bay Ridge Pkwy, Brooklyn 3,300 01/29/1998
531 Bay Ridge Pkwy, Brooklyn 3,300 04/24/2002
561 Bay Ridge Pkwy, Brooklyn 2,192 11/21/2023 $1,290,000
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