New York City » 11230 » Avenue I » 506 Avenue I

506 Avenue I, Brooklyn, NY 11230 - Property report

Also known as: 506 Garage Avenue I

Property image for 506 Avenue I, Brooklyn, NY 11230

Property type

Two Family Converted from One Family (B3)

Year built

1920

Lot sq. ft.

2,875

Sale price

$787,950

General information

Address

Primary address

506 Avenue I

Alternate address(es)

506 Garage Avenue I

ZIP code

11230

Neighborhood

Midwood

Borough

Brooklyn

Block & lot

06518-0002

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

1,652

Building dimensions

18 ft x 42 ft

Buildings on lot

Stories

Year built

1920

Building material

Frame

Exterior wall

Stucco

Basement

Garage type

Detached, Frame Garage

Sales

Sale date

03/05/2008

Sale price

$787,950

Tax

Tax year

2026-2027

Property tax

$9,985

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)

Avenue I (wide)

Distance to wide street

Lot dimensions

28.75 ft x 100 ft

Lot sq. ft.

2,875

Area overview

Walk score

64 /100. Somewhat Walkable

Transit score

91 /100. Rider's Paradise

Bike score

79 /100. Very Bikeable

School district

Community district

Closest police station

0.28 Miles

Closest fire station

0.19 Miles

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

Ownership

Ownership information for 506 Avenue I, 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 Avenue I, Brooklyn, NY 11230

Sale date	Sale price	Buyer name	Seller name
03/05/2008	$787,950	XXXXXX, XXXXXX XXX XXXXXX, XXXXXXX	XXXXXX, XXXXX XXXXX XXX XXXXXX, XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
12/04/2025 - R 11/26/2025 - D	Mortgage (2025120300182001)	XXXXXX XXXXXXX	XX XXXX XX
02/14/2024 - R 02/05/2024 - D	Satisfaction of Mortgage (2024021400583001)	XXXXXX XXXXXXX	XXXXX XXXXX XXXX X X
02/06/2024 - R 01/26/2024 - D	Mortgage (2024020500564001)	XXXXXX XXXXXXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
05/09/2022 - R 05/02/2022 - D	Satisfaction of Mortgage (2022050300007001)	XXXXXX XXXXXXX	XXXX XX XXXXXXX X X
11/30/2011 - R 11/14/2011 - D	Satisfaction of Mortgage (2011111100689001)	XXXXXX XXXXXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
11/17/2011 - R 10/19/2011 - D	Mortgage (2011110100525001)	XXXXXX XXXXXX	XXXXX XXXXX XXXX XX
11/17/2011 - R 09/19/2011 - D	Subordination of Mortgage (2011110100562001)	XXXX XX XXXXXXX XX	XXXXX XXXXX XXXX XX
05/07/2009 - R 03/25/2009 - D	Assignment, Mortgage (2009040700191001)	XXXXXXXX XXXXX XXXX XX	XXX XXXXXXXX XXXXXXX XXX
05/07/2009 - R 03/23/2009 - D	Agreement (2009040700191003)	XXXXXX XXXXXXX	XXXX
05/07/2009 - R 03/23/2009 - D	Mortgage (2009040700191002)	XXXXXX XXXXXXX	XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 506 Avenue I, 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

$9,985

Municipal exemptions

Recent tax assessments

Market value

$2,023,000

Assessed value

$121,380

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	$1,539,000	$92,340	$47,476	19.843%	$9,421	$9,421	+4.72%
2024/25	$1,623,000	$97,380	$44,789	20.085%	$8,996	$8,996	+2.27%
2023/24	$1,429,000	$85,740	$43,793	20.085%	$8,796	$8,796	-1.10%
2022/23	$1,371,000	$82,260	$43,793	20.309%	$8,894	$8,894	+6.25%
2021/22	$1,352,000	$81,120	$41,934	19.963%	$8,371	$8,371	+0.54%
2020/21	$1,341,000	$80,460	$39,563	21.045%	$8,326	$8,326	+5.39%
2019/20	$1,066,000	$63,960	$37,324	21.167%	$7,900	$7,900	+7.80%
2018/19	$1,217,000	$73,020	$35,034	20.919%	$7,634	$7,329	+2.65%
2017/18	$1,102,000	$66,120	$35,024	20.385%	$7,439	$7,140	+6.95%
2016/17	$980,000	$58,800	$33,395	19.991%	$6,986	$6,676	+8.76%

Permits

Permit information for 506 Avenue I, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Ocean Parkway South residential market stats

Access a detailed real estate market overview of Ocean Parkway South so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Ocean Parkway South 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 & Avenue I at NE Corner

Station lines

Distance (miles)

0.219

View subway map

Access the detailed traffic volume map for 506 Avenue I, Brooklyn, NY 11230 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. 121 Nelson A Rockefeller	7	Yes	Public	K-8	314	0.42
Yeshiva Machzikei Hadas 2	NR	No	Private	1-3	265	0.14
Lubavitcher School Chabad	NR	No	Private	PK-8	139	0.14
Lubavitcher School Chabad	NR	No	Private	PK-8	139	0.14
Cheder (The)	NR	No	Private	PK, K-8	0	0.22
Cheder (The)	NR	No	Private	PK, K-8	0	0.22

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 121 Nelson A Rockefeller	7	Yes	Public	K-8	314	0.42
Lubavitcher School Chabad	NR	No	Private	PK-8	139	0.14
Cheder (The)	NR	No	Private	PK, K-8	0	0.22
Bais Yaakov D'Rav Meir High School	NR	No	Private	K-12	0	0.25
Beth Jacob Day School/Bais Yaak	NR	No	Private	PK-8	419	0.28
P T A C H	NR	No	Private	2-8	31	0.29
P.S. 192 Magnet School For Math And Science Inquiry	7	No	Public	PK, K-8	592	0.41
Brooklyn Dreams Charter School	6	No	Charter	K-8	616	0.42

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Franklin Delano Roosevelt High School	3	Yes	Public	9-12	3,213	0.65
Mesivta Sholom Schachna	NR	No	Private	9-12	192	0.12
Lubavitcher High School	NR	No	Private	9-12	0	0.13
Lubavitcher High School	NR	No	Private	9-12	135	0.14
Mesivta Sholom Schachna	NR	No	Private	9-12	0	0.21
Bais Yaakov D'Rav Meir High School	NR	No	Private	K-12	0	0.25

Nearby ZIP codes for 506 Avenue I, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11210, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11229, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 506 Avenue I, Brooklyn, NY 11230?

The development at 506 Avenue I, Brooklyn, NY 11230 was built in 1920.

What is the total square footage of 506 Avenue I, Brooklyn, NY 11230?

506 Avenue I, Brooklyn, NY 11230 has a total of 1,652 square feet.

When was 506 Avenue I, Brooklyn, NY 11230 last sold and what was the sale price?

506 Avenue I, Brooklyn, NY 11230 was last sold on 03/05/2008 for $787,950.

What is the assessed value of 506 Avenue I, Brooklyn, NY 11230?

506 Avenue I, Brooklyn, NY 11230 is currently assessed at $121,380.

What are the property taxes for 506 Avenue I, Brooklyn, NY 11230?

The property taxes for 506 Avenue I, Brooklyn, NY 11230 total $9,985.

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.