New York City  »  11223  »  Kings Hwy  »  516 Kings Hwy

516 Kings Highway, Brooklyn, NY 11223 - Property report

Also known as: 516 Kings Hwy

Property image for 516 Kings Highway, Brooklyn, NY 11223
static Mapbox map

Property type

Primarily Two Family with One Store or Office (S2)

Year built

1929

Lot sq. ft.

1,845

Sale price

$1,300,000

General information

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Address
Primary address
516 Kings Highway
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
06681-0148

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
3,600
Building dimensions
20 ft x 60 ft
Buildings on lot
1
Stories
3
Year built
1929
Building material
Sales
Sale date
08/11/2021
Sale price
$1,300,000
Tax
Tax year
2026-2027
Property tax
$12,072
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 92.5 ft
Lot sq. ft.
1,845

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
90 /100.  Rider's Paradise
Bike score
72 /100.  Very Bikeable
School district
21
Community district
15
Closest police station
0.84 Miles
Closest fire station
0.58 Miles

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

Ownership

Ownership information for 516 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 516 Kings Highway, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
08/11/2021 $1,300,000 XXX XXXXX XXXXXXX XXXXXX XXX XXX XXXXX XXXXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/15/2026 - R UCC3 Continuation
(2026071500872001)		 XXX XXXXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX
08/20/2021 - R Initial UCC1
(2021081700756004)		 XXX XXXXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX
08/20/2021 - R
08/11/2021 - D		 Assignment of Leases and Rents
(2021081700756003)		 XXX XXXXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX
08/20/2021 - R
08/11/2021 - D		 Mortgage
(2021081700756002)		 XXX XXXXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX
08/20/2021 - R
08/11/2021 - D		 Deed
(2021081700756001)		 XXX XXXXX XXXXXXX XXX XXX XXXXX XXXXXXX XXXXXX XXX
04/01/2020 - R
02/26/2020 - D		 Deed
(2020031800975006)		 XXXXXXXX XXXXXXX XXXX XXX XXXXX XXXXXXX XXX
04/01/2020 - R
02/26/2020 - D		 Deed
(2020031800975003)		 XXXXXXXX XXXXXXX XXXX XXXXXXXX XXXXXXX XXXX
04/01/2020 - R
02/09/2020 - D		 Deed
(2020031800975007)		 XXXXXX XXXXXXX XXXXXX XXX XXXXX XXXXXXX XXX
03/30/2000 - R Power of Attorney
(3930007172193)		 XXXXXX XXXXX XXXXXXXX XXXX
03/30/2000 - R Power of Attorney
(3980007172198)		 XXXXXX XXXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 516 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
$12,072
Municipal exemptions
Recent tax assessments
Market value
$3,290,000
Assessed value
$197,400

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 $2,502,000 $150,120 $60,542 19.843% $12,013 $12,013 +3.97%
2024/25 $1,976,000 $118,560 $57,528 20.085% $11,554 $11,554 +1.32%
2023/24 $1,746,000 $104,760 $56,777 20.085% $11,404 $11,404 +4.67%
2022/23 $1,371,000 $82,260 $53,648 20.309% $10,895 $10,895 +7.65%
2021/22 $1,206,000 $72,360 $50,700 19.963% $10,121 $10,121 -4.68%
2020/21 $1,453,000 $87,180 $50,452 21.045% $10,618 $10,618 +4.63%
2019/20 $1,529,000 $91,740 $47,940 21.167% $10,147 $10,147 +2.52%
2018/19 $1,799,000 $107,940 $47,314 20.919% $9,898 $9,898 +8.60%
2017/18 $1,678,000 $100,680 $44,707 20.385% $9,114 $9,114 +7.90%
2016/17 $1,398,000 $83,880 $42,250 19.991% $8,446 $8,446 +2.74%
Permits

Permit information for 516 Kings Highway, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
10/10/2019 Alteration

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
01/19/2007 Ll6291-local law 62/91 - boilers
07/24/1990 B-boiler

*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)
0.087
View subway map

Access the detailed traffic volume map for 516 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 516 Kings Highway, Brooklyn, NY

1898 E 3rd St, Brooklyn 25 Billings Pl, Brooklyn 1912 E 3rd St, Brooklyn 1920 E 3rd St, Brooklyn 1891 E 2nd St, Brooklyn 512 Kings Hwy, Brooklyn 1896 E 3rd St, Brooklyn 1889 E 2nd St, Brooklyn 31 Billings Pl, Brooklyn 1897 E 2nd St, Brooklyn 19 Billings Pl, Brooklyn 21 Billings Pl, Brooklyn 1876 E 2nd St, Brooklyn 1872 E 2nd St, Brooklyn 518 Kings Hwy, Brooklyn 1922 E 3rd St, Brooklyn 508 Kings Hwy, Brooklyn 23 Billings Pl, Brooklyn 1904 E 3rd St, Brooklyn 514 Kings Hwy, Brooklyn

Nearby ZIP codes for 516 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 516 Kings Highway, Brooklyn, NY 11223?

The development at 516 Kings Highway, Brooklyn, NY 11223 was built in 1929.

What is the market value of 516 Kings Highway, Brooklyn, NY 11223?

The current market value of 516 Kings Highway, Brooklyn, NY 11223 is $3,290,000.

What is the total square footage of 516 Kings Highway, Brooklyn, NY 11223?

516 Kings Highway, Brooklyn, NY 11223 has a total of 3,600 square feet.

What is the price per square foot for this property?

$361 per square foot is the price for 516 Kings Highway, Brooklyn, NY 11223.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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