New York City  »  11223  »  Kings Hwy  »  551 Kings Hwy

551 Kings Highway, Brooklyn, NY 11223 - Property report

Also known as: 551 Kings Hwy

Property image for 551 Kings Highway, Brooklyn, NY 11223
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Property type

Primarily Two Family with One Store or Office (S2)

Year built

1931

Lot sq. ft.

1,960

Sale price

$669,663

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
551 Kings Highway
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
06661-0046

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
4,033
Building dimensions
20 ft x 55 ft
Buildings on lot
1
Stories
3
Year built
1931
Last altered
2008
Building material
Sales
Sale date
12/23/2010
Sale price
$669,663
Tax
Tax year
2026-2027
Property tax
$10,024
Tax class
Zoning & Use
Zoning
Residential units
2
Residential sq. ft.
Commercial units
1
Retail sq. ft.
Lot
Lot dimensions
20.17 ft x 98.92 ft
Lot sq. ft.
1,960
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Current built area
4,038 sq. ft.
Buildable area

Area overview

Walk score
95 /100.  Walker's Paradise
Transit score
95 /100.  Rider's Paradise
Bike score
73 /100.  Very Bikeable
School district
21
Community district
15
Closest police station
0.84 Miles
Closest fire station
0.55 Miles

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

Ownership

Ownership information for 551 Kings Highway, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 551 Kings Highway, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
12/23/2010 $669,663 XXXXX, XXXXXX XXXXXXX, XXXXX XXX XXXXX, XXXXX
06/18/2003 $630,000 XXXXXXX, XXXXX XXX XXXXX, XXXXX XXX, XXX XXX XXX XXX, XXXX XXXXX XXX XXXX, XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/03/2014 - R
01/15/2014 - D		 Deed
(2014012400755001)		 XXXXX XXXXXX XXX XXXXX XXXXXXX XXX
01/04/2011 - R
12/23/2010 - D		 Deed
(2010122900965001)		 XXXXXXX XXXXX XXXXX XXXXXX
04/09/2008 - R
04/01/2008 - D		 Satisfaction of Mortgage
(2008040101664001)		 XXXXXXX XXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
03/21/2008 - R
03/11/2008 - D		 Initial UCC1
(2008031800629003)		 XXXXXXX XXXXX XXXX
03/21/2008 - R
03/11/2008 - D		 Assignment of Leases and Rents
(2008031800629002)		 XXXXXXX XXXXX XXXX
03/21/2008 - R
03/11/2008 - D		 Mortgage
(2008031800629001)		 XXXXXXX XXXXX XXXX
03/02/2005 - R
12/10/2004 - D		 Agreement
(2005012100793001)		 XXXXX XXXXX
01/04/2005 - R
12/10/2004 - D		 Mortgage
(2004122301284001)		 XXXXX XXXXX
06/27/2003 - R
06/18/2003 - D		 Mortgage
(2003062000033002)		 XXXXXXX XXXXX XXX XXXXXXXX XXXXXXX XXX
06/27/2003 - R
06/18/2003 - D		 Deed, Other
(2003062000033001)		 XXX XXX XXX XXXXXXX XXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Kings Highway, 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
$10,024
Municipal exemptions
Recent tax assessments
Market value
$4,407,000
Assessed value
$264,420

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 $3,351,000 $201,060 $47,736 19.843% $9,472 $9,472 -0.85%
2024/25 $2,647,000 $158,820 $47,563 20.085% $9,553 $9,553 +0.85%
2023/24 $2,339,000 $140,340 $47,162 20.085% $9,472 $9,472 +4.68%
2022/23 $1,836,000 $110,160 $44,557 20.309% $9,049 $9,049 +7.68%
2021/22 $1,591,000 $95,460 $42,098 19.963% $8,404 $8,404 +0.39%
2020/21 $1,615,000 $96,900 $39,780 21.045% $8,372 $8,372 -0.22%
2019/20 $1,404,000 $84,240 $39,636 21.167% $8,390 $8,390 +2.05%
2018/19 $1,170,000 $70,200 $39,302 20.919% $8,222 $8,222 +8.62%
2017/18 $1,091,000 $65,460 $37,131 20.385% $7,569 $7,569 +7.93%
2016/17 $909,000 $54,540 $35,082 19.991% $7,013 $7,013 +8.19%
Permits

Permit information for 551 Kings Highway, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
02/24/2005 Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/13/2011 Lblvio-low pressure boiler
12/31/2009 Lblvio-low pressure boiler
01/01/2009 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% 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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
5

Subway & traffic

Closest station
McDonald Ave & Kings Hwy at SE Corner
Station lines
F
Distance (miles)
0.177
View subway map

Access the detailed traffic volume map for 551 Kings Highway, Brooklyn, NY 11223 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

Neighbors for 551 Kings Highway, Brooklyn, NY

1847 E 4th St, Brooklyn 1841 E 4th St, Brooklyn 559 Kings Hwy, Brooklyn 1858 E 5th St, Brooklyn 1856 E 5th St, Brooklyn 563 Kings Hwy, Brooklyn 1859 E 4th St, Brooklyn 1843 E 4th St, Brooklyn 1861 E 4th St, Brooklyn 1849 E 4th St, Brooklyn 565 Kings Hwy, Brooklyn 567 Kings Hwy, Brooklyn 549 Kings Hwy, Brooklyn 1853 E 4th St, Brooklyn 557 Kings Hwy, Brooklyn 1855 E 4th St, Brooklyn 1865 E 4th St, Brooklyn 555 Kings Hwy, Brooklyn 571 Kings Hwy, Brooklyn 573 Kings Hwy, Brooklyn

Nearby ZIP codes for 551 Kings Highway, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11209, New York City, NY 11210, 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 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 11230, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 551 Kings Highway, Brooklyn, NY 11223?

The development at 551 Kings Highway, Brooklyn, NY 11223 was built in 1931.

What is the market value of 551 Kings Highway, Brooklyn, NY 11223?

The current market value of 551 Kings Highway, Brooklyn, NY 11223 is $4,407,000.

What is the total square footage of 551 Kings Highway, Brooklyn, NY 11223?

551 Kings Highway, Brooklyn, NY 11223 has a total of 4,033 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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