New York City  »  11223  »  Avenue R  »  701 Avenue R

701 Avenue R, Brooklyn, NY 11223 - Property report

Also known as: 1861-1871 E 7th St

Property image for 701 Avenue R, Brooklyn, NY 11223
static Mapbox map

Property type

Three Families (C0)

Year built

1970

Lot sq. ft.

4,050

Sale price

$2,000,000

General information

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Address
Primary address
701 Avenue R
Alternate address(es)
1861-1871 E 7th St
701-703 Avenue R
ZIP code
11223
Neighborhood
Homecrest
Borough
Brooklyn
Block & lot
06664-0084

Owner

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Building
Property type
Three Families (C0)
Building sq. ft.
3,816
Building dimensions
24.67 ft x 65 ft
Buildings on lot
1
Stories
2
Year built
1970
Building material
C Blck + Brick
Exterior wall
Brick/Masonary
Basement
4
Sales
Sale date
08/09/2006
Sale price
$2,000,000
Tax
Tax year
2026-2027
Property tax
$17,406
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
3
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Avenue R (narrow)
East 7 Street (narrow)
Nearest wide street
Avenue R
Distance to wide street
Lot dimensions
40.5 ft x 100 ft
Lot sq. ft.
4,050

Area overview

Walk score
93 /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
0.78 Miles
Closest fire station
0.42 Miles

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

Ownership

Ownership information for 701 Avenue R, Brooklyn, NY

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

Sales history for 701 Avenue R, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
08/09/2006 $2,000,000 XXXXX, XXXXXXX XXXX XXX XXXXX, XXXXXX XXXXXX XXX XXXXX, XXXX XXXXX, XXXXXXX XXX XXX XXXXXXXX XXXX XXXXX XXX XXXXXX, XXXXX XXX XXXXX, XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/10/2026 - R UCC3 Assignment
(2026030900389003)		 XXX XXX X XXXXXXXXXX XXX XXXXXXXXX XXXX
03/10/2026 - R
02/25/2026 - D		 Asgn of Asgn of L&R
(2026030900389002)		 XXXXXXXXX XXXX XXXX XXX XXX
03/10/2026 - R
02/25/2026 - D		 Assignment, Mortgage
(2026030900389001)		 XXXXXXXXX XXXX XXXX XXX XXX
10/16/2025 - R UCC3 Continuation
(2025101600223001)		 XXX XXX X XXXXXXXXXX XXX XXXXXXXXX XXXX
07/08/2024 - R UCC3 Assignment
(2024070500475001)		 XXX XXX X XXXXXXXXXX XXX XXX XXX XXXX XXXXXXX XXX
06/06/2024 - R
05/09/2024 - D		 Asgn of Asgn of L&R
(2024060400222002)		 XXX XXX XXXX XXXXXXX XXX XXXXXXXXX XXXX
06/06/2024 - R
05/09/2024 - D		 Assignment, Mortgage
(2024060400222001)		 XXX XXX XXXX XXXXXXX XXX XXXXXXXXX XXXX
04/11/2024 - R UCC3 Assignment
(2024041000113006)		 XXX XXX X XXXXXXXXXX XXX XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX
04/11/2024 - R UCC3 Assignment
(2024041000113003)		 XXX XXX X XXXXXXXXXX XXX XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX
04/11/2024 - R
12/14/2023 - D		 Asgn of Asgn of L&R
(2024041000113005)		 XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXX XXX XXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 701 Avenue R, 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
$17,406
Municipal exemptions
Recent tax assessments
Market value
$3,623,000
Assessed value
$217,380

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 $3,078,000 $184,680 $82,754 19.843% $16,421 $16,421 +4.72%
2024/25 $2,788,000 $167,280 $78,071 20.085% $15,681 $15,681 +6.00%
2023/24 $3,104,000 $186,240 $73,652 20.085% $14,793 $14,793 -1.10%
2022/23 $3,194,000 $191,640 $73,652 20.309% $14,958 $14,958 +2.50%
2021/22 $2,844,000 $170,640 $73,098 19.963% $14,593 $14,593 +0.55%
2020/21 $2,377,000 $142,620 $68,962 21.045% $14,513 $14,513 +5.39%
2019/20 $1,890,000 $113,400 $65,059 21.167% $13,771 $13,771 +7.26%
2018/19 $2,107,000 $126,420 $61,377 20.919% $12,839 $12,839 +2.62%
2017/18 $1,480,000 $88,800 $61,377 20.385% $12,512 $12,512 +2.74%
2016/17 $1,741,000 $104,460 $60,915 19.991% $12,178 $12,178 +8.37%
Permits

Permit information for 701 Avenue R, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
10/20/2006 Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
03/21/2023 A
02/23/2022 A
04/07/2021 A

*Most recent HPD violations on record for this property.

Neighborhood

Homecrest residential market stats

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

Median sale price

$655,000

-11.1% Y-o-Y

Median price/sq. ft.

$654

-5% Y-o-Y

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

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)
0.369
View subway map

Access the detailed traffic volume map for 701 Avenue R, 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 238 Anne Sullivan 4 Yes Public PK, K-8 592 0.24
P.S. 238 Anne Sullivan 4 Yes Public PK, K-8 592 0.24
Mirrer Yeshiva Educational Institute NR No Private PK-8 360 0.05
Mirrer Yeshiva Educational Institute NR No Private PK-8 360 0.05
Mirrer Yeshiva High School NR No Private PK-12 359 0.05
Mirrer Yeshiva High School NR No Private PK-12 359 0.05
Yeshiva Ateret Torah NR No Private K-12 850 0.20
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 238 Anne Sullivan 4 Yes Public PK, K-8 592 0.24
Mirrer Yeshiva Educational Institute NR No Private PK-8 360 0.05
Mirrer Yeshiva High School NR No Private PK-12 359 0.05
Yeshiva Ateret Torah NR No Private K-12 850 0.20
Yeshiva Ateret Torah NR No Private PK-12 1,935 0.20
Bet Yaakov Ateret Torah NR No Private K-8 664 0.20
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Mirrer Yeshiva High School NR No Private PK-12 359 0.05
B'not Rachel High School For Girls NR No Private 9-12 80 0.15
Yeshiva Ateret Torah NR No Private K-12 850 0.20
Yeshiva Steret Tech Girls High School NR No Private 9-12 208 0.20
Yeshiva Ateret Torah NR No Private PK-12 1,935 0.20

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 701 Avenue R, Brooklyn, NY

1855 E 7th St, Brooklyn 725 Avenue R, Brooklyn 1847 E 7th St, Brooklyn 802 Quentin Rd, Brooklyn 1796 E 8th St, Brooklyn 810 Quentin Rd, Brooklyn 711 Avenue R, Brooklyn 1853 E 7th St, Brooklyn 1778 E 8th St, Brooklyn 1845 E 7th St, Brooklyn 1839 E 7th St, Brooklyn 707 Avenue R, Brooklyn 1772 E 8th St, Brooklyn 812 Quentin Rd, Brooklyn 717 Avenue R, Brooklyn 1786 E 8th St, Brooklyn 1782 E 8th St, Brooklyn 1724 E 8th St, Brooklyn 806 Quentin Rd, Brooklyn 1768 E 8th St, Brooklyn

Nearby ZIP codes for 701 Avenue R, 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 701 Avenue R, Brooklyn, NY 11223?

The development at 701 Avenue R, Brooklyn, NY 11223 was built in 1970.

What is the total square footage of 701 Avenue R, Brooklyn, NY 11223?

701 Avenue R, Brooklyn, NY 11223 has a total of 3,816 square feet.

When was 701 Avenue R, Brooklyn, NY 11223 last sold and what was the sale price?

701 Avenue R, Brooklyn, NY 11223 was last sold on 08/09/2006 for $2,000,000.

What is the assessed value of 701 Avenue R, Brooklyn, NY 11223?

701 Avenue R, Brooklyn, NY 11223 is currently assessed at $217,380.

What are the property taxes for 701 Avenue R, Brooklyn, NY 11223?

The property taxes for 701 Avenue R, Brooklyn, NY 11223 total $17,405.

How many residential units does this building have?

This building has 3 residential unit(s).

Disclaimer

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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.

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