Kings  »  11223  »  Avenue R  »  501 Avenue R

501 Avenue R, Brooklyn, NY 11223 - Property report

Also known as: 1865-1867 E 5th St

Property image for 501 Avenue R, Brooklyn, NY 11223
static Mapbox map

Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

1935

Lot sq. ft.

5,200

General information

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Address
Primary address
501 Avenue R
Alternate address(es)
1865-1867 E 5th St
576 Kings Hwy
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
06681-0389

Owner

Find out who owns 501 Avenue R, Brooklyn, NY 11223. Uncover corporate and individual owners with a free account.

Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
25,800
Building dimensions
80 ft x 85 ft
Buildings on lot
1
Stories
6
Year built
1935
Building material
Tax
Tax year
2026-2027
Property tax
$83,236
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
30
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
80 ft x 93.08 ft
Lot sq. ft.
5,200

Area overview

Walk score
94 /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
0.81 Miles
Closest fire station
0.52 Miles

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

Ownership

Ownership information for 501 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 501 Avenue R, Brooklyn, NY 11223

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/13/1999 - R Satisfaction of Mortgage
(3380006560738)		 XXX XXX X XXXXXX XXXX X XXXXX XXXXX
04/13/1999 - R Satisfaction of Mortgage
(3790006560079)		 XXXXXXXX XXXXXXX X XXX XXXXXXX XXXXXXXXXXX
06/03/1993 - R Agreement
(3990001776599)		 XXXXXX XXXXXX XXXX XXXXXXXX XXXXXXX XXXXXXX
05/24/1993 - R Initial UCC1
(3720003980572)		 XXXXXX XXXXXX XXXX XXXXXXXX XXXXXXX XXXXXXX XX
12/09/1987 - R Agreement
(3070001324907)		 XXXXXX XXXXX XXXXXXXX XXXXXXX XXXXX
11/28/1983 - R Assignment, Mortgage
(3910000989891)		 XXXXXXX XXXXXX XXXXXX XXXXX
05/13/1983 - R Mortgage
(3250000959325)		 XXXXXX XXXXXX XXXX XXXXXX XXXXX
12/21/1982 - R Assignment, Mortgage
(3780000939478)		 XXXXXXXXXX XXXXXX XXXXXX XXXXX
05/11/1982 - R Agreement
(3410000910341)		 XXXXXXXX XXXXXXX XXXXX XXXXXX XXXXXX XXXX
04/20/1982 - R Satisfaction of Mortgage
(3700000907870)		 XXXXXXX XXXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 501 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
$83,236
Municipal exemptions
Recent tax assessments
Market value
$1,487,000
Assessed value
$669,150

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 $1,529,000 $688,050 $688,050 12.439% $85,587 $85,587 -11.02%
2024/25 $1,710,000 $769,500 $769,500 12.5% $96,188 $96,188 -6.16%
2023/24 $2,053,000 $923,850 $819,900 12.502% $102,504 $102,504 +4.37%
2022/23 $1,908,000 $858,600 $800,640 12.267% $98,215 $98,215 +5.58%
2021/22 $1,696,000 $763,200 $760,320 12.235% $93,025 $93,025 +3.03%
2020/21 $1,911,000 $859,950 $736,020 12.267% $90,288 $90,288 +5.93%
2019/20 $1,690,000 $760,500 $683,370 12.473% $85,237 $85,237 +5.69%
2018/19 $1,691,000 $760,950 $639,450 12.612% $80,647 $80,647 +7.56%
2017/18 $1,460,000 $657,000 $589,500 12.719% $74,979 $74,979 +5.43%
2016/17 $1,426,000 $641,700 $551,610 12.892% $71,114 $71,114 +9.07%
Permits

Permit information for 501 Avenue R, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
08/30/2018 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
11/28/2020 E-elevator elevatorrequired
09/29/2016 E-elevator
12/29/2015 E-elevator

*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

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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)
0.228
View subway map

Access the detailed traffic volume map for 501 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

Neighbors for 501 Avenue R, Brooklyn, NY

1818 Ocean Pkwy, Brooklyn 1895 E 4th St, Brooklyn 1911 E 4th St, Brooklyn 1935 E 4th St, Brooklyn 1925 E 4th St, Brooklyn 1800 Ocean Pkwy, Brooklyn 1850 Ocean Pkwy, Brooklyn 1905 E 4th St, Brooklyn 1824 Ocean Pkwy, Brooklyn 1836 Ocean Pkwy, Brooklyn 1872 Ocean Pkwy, Brooklyn 1919 E 4th St, Brooklyn 1915 E 4th St, Brooklyn 1929 E 4th St, Brooklyn 1816 Ocean Pkwy, Brooklyn 1860 Ocean Pkwy, Brooklyn 1899 E 4th St, Brooklyn 1802 Ocean Pkwy, Brooklyn 1830 Ocean Pkwy, Brooklyn 1939 E 4th St, Brooklyn

Nearby ZIP codes for 501 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 501 Avenue R, Brooklyn, NY 11223?

The development at 501 Avenue R, Brooklyn, NY 11223 was built in 1935.

What is the total square footage of 501 Avenue R, Brooklyn, NY 11223?

501 Avenue R, Brooklyn, NY 11223 has a total of 25,800 square feet.

What is the assessed value of 501 Avenue R, Brooklyn, NY 11223?

501 Avenue R, Brooklyn, NY 11223 is currently assessed at $669,150.

What are the property taxes for 501 Avenue R, Brooklyn, NY 11223?

The property taxes for 501 Avenue R, Brooklyn, NY 11223 total $83,235.

How many residential units does this building have?

This building has 30 residential unit(s).

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