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416 87th Street, Brooklyn, NY 11209 Property Information

Also known as: 423 88th St, Brooklyn, NY 11209

416 87th Street, Brooklyn, NY 11209 Property Information

Also known as: 423 88th St, Brooklyn, NY 11209

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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416 87th Street, Brooklyn, NY 11209 1
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Address

Primary address 416 87th Street
Secondary address 426-446 87th St
Neighborhood Bay Ridge
Zip code 11209
Borough Brooklyn
Block & lot 06050-0015

Sales & Tax Overview for 416 87th Street, Brooklyn

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

Purchase date 10/16/2025
Purchase price $28,000,000
Tax class
Estimated property tax $1,068,543

Lot & Building Information for 416 87th Street, Brooklyn

Lot sq. ft. 45,495
Lot dimensions 260 ft x 225 ft
Property type Miscellaneous Garage (G9)
Building sqft 188,975
Building dimensions 260 ft x 225 ft
Buildings on lot 3
Stories 3
Year built 1989
Year last altered 1993
Construction type
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Zoning & Use for 416 87th Street, Brooklyn

Zoning
Commercial units 3
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 10
Closest police station 1.22 Miles
Closest fire station 0.27 Miles

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

Other Property Data for 416 87th Street, 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 416 87th Street, 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 416 87th Street, Brooklyn, NY 11209, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 426-446 87th St, Brooklyn, NY 11209
  • 415 88th St, Brooklyn, NY 11209
  • 423-435 88th St, Brooklyn, NY 11209

About 416 87th Street, Brooklyn

How many sq. ft. does 416 87th Street, Brooklyn, NY 11209 have & what is the price per sq. ft?

This Miscellaneous Garage (G9) located at 416 87th Street, Brooklyn, NY 11209 has a total of 188,975 square feet and a current price per square foot of $148.

What is the year built & the current market value of 416 87th Street, Brooklyn, NY 11209?

416 87th Street, Brooklyn, NY 11209 was built in 1989 and has a current tax assessor's market value of $20,032,000.

How many commercial spaces does this building have?

This building has 3 commercial spaces available for lease.

Ownership Information for 416 87th Street, Brooklyn

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Property owner name for 416 87th Street, Brooklyn, NY 11209
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Building contacts for 416 87th Street, Brooklyn, NY 11209
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Lucian Alixandrescu, May 27, 2026 NYC Office Market Ahead of National Curve: Manhattan Q1 Vacancy Drops to 13.1% 
New York City’s office market outpaced the U.S. on several major metrics in Q1, with Manhattan vacancy nearly 5 percentage points below the national benchmark, asking rents climbing against a downward national trend and flex inventory crossing 15 million square feet.
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
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Past Sales & Property History for 416 87th Street, Brooklyn

Create a free account to view the complete sales history for 416 87th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
10/16/2025 $28,000,000

Title Documents for 416 87th Street, 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
11/13/2025 - R UCC3 Termination
(2025102000910011)
11/13/2025 - R UCC3 Termination
(2025102000910010)
10/21/2025 - R Initial UCC1
(2025102000222001)
10/20/2025 - R Initial UCC1
(2025101600959001)
11/13/2025 - R
10/16/2025 - D
Assignment, Mortgage
(2025102000910009)
11/13/2025 - R
10/16/2025 - D
Assignment of Leases and Rents
(2025102000910008)
11/13/2025 - R
10/16/2025 - D
Mortgage
(2025102000910007)
11/13/2025 - R
10/16/2025 - D
Agreement
(2025102000910006)
11/13/2025 - R
10/16/2025 - D
Assignment of Leases and Rents
(2025102000910005)
11/13/2025 - R
10/16/2025 - D
Mortgage
(2025102000910004)
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R: Recorded date
D: Document date

Property Taxes for 416 87th Street, Brooklyn

Access detailed property tax data for 416 87th Street, Brooklyn, NY 11209. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $977,882
Estimated property tax: $1,068,543
Tax assessor's market value: $20,032,000
Assessed value: $9,014,400

Assessment History for 416 87th Street, Brooklyn

Here's the assessment & property tax history for 416 87th 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 $20,032,000 $9,014,400 $9,014,400 10.848% $977,882 $977,882 -6.34%
2024/25 $21,558,000 $9,701,100 $9,701,100 10.762% $1,044,032 $1,044,032 +930.29%
2023/24 $2,126,000 $956,700 $956,700 10.592% $101,334 $101,334 +9.48%
2022/23 $1,932,000 $869,400 $869,400 10.646% $92,556 $92,556 -25.41%
2021/22 $2,564,000 $1,153,800 $1,153,800 10.755% $124,091 $124,091 -12.15%

Permits for 416 87th Street, Brooklyn

The complete history of permits filed for 416 87th 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
05/02/2015 Alteration type 3
07/28/2010 Alteration type 2
12/19/2008 Alteration type 3
12/04/2008 Alteration type 2
10/22/2008 Alteration type 3
10/22/2008 Alteration type 3
10/22/2008 Alteration type 3
10/16/2008 Alteration type 2
06/26/2008 Alteration type 3
05/01/2008 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 4th Ave & 86th St at SE Corner
Station lines R
Distance (miles) 0.079
View subway map

Neighbors for 416 87th Street, Brooklyn

Here are the neighbors for 416 87th Street, Brooklyn, NY 11209.

Address Square feet Purchase date Purchase price
8706 5th Ave, Brooklyn 5,220 07/10/2014 $1,160,000
8714 5th Ave, Brooklyn 7,780 06/14/2000
8701 4th Ave, Brooklyn 25,000 06/06/2018
452 87th St, Brooklyn 24,779 12/17/2014 $4,000,000
8727 4th Ave, Brooklyn 3,300 10/20/2022 $2,100,000
319 88th St, Brooklyn 2,672 09/06/2017 $1,320,000
8710 5th Ave, Brooklyn 16,900 10/10/1997
413 88th St, Brooklyn 5,250 12/19/2012 $800,000
316 87th St, Brooklyn 1,248 07/15/2009 $640,000
313 88th St, Brooklyn 1,176 05/19/2025
8721 4th Ave, Brooklyn 5,300 03/01/2002
317 88th St, Brooklyn 1,176 02/24/2000
458 87th St, Brooklyn 1,500 11/01/2022
8723 4th Ave, Brooklyn 3,685 10/08/2021 $1,845,000
466 87th St, Brooklyn 10,555 06/28/2001
8725 4th Ave, Brooklyn 3,300 08/30/2011 $850,000
8711 3rd Ave, Brooklyn 2,400 02/29/2012 $680,000
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