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Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229

Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229

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Address

Building name Kingswood Center
Primary address Kingswood Center - 1630 East 15th Street
Neighborhood Midwood
Zip code 11229
Borough Brooklyn
Block & lot 06777-0017

Sales & Tax Overview for 1630 East 15th Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 02/12/2020
Purchase price $88,800,000
Tax class

Lot & Building Information for 1630 East 15th Street, Brooklyn

Lot sqft 48,000
Lot dimensions 126.83 ft x 200 ft
Building class Office with Commercial - 1 to 6 Stories (O5) i
Building sqft 229,926
Building dimensions 239 ft x 200 ft
Buildings on lot 1
Stories 3
Year built 2006
Year last altered 2006
Construction type

Zoning & Use for 1630 East 15th Street, Brooklyn

Zoning
Commercial units 6
Office sqft
Retail sqft

Area Overview

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

School district 21
Community district 15
Closest police station 1.03 Miles
Closest fire station 0.75 Miles
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Other Property Data for 1630 East 15th Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 1630 East 15th Street, Brooklyn

How many sq. ft. does Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229 have & what is the price per sq. ft?

This Office with Commercial - 1 to 6 Stories (O5) located at Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229 has a total of 229,926 square feet and a current price per square foot of $386.

What is the year built & the current market value of Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229?

Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229 was built in 2006 and has a current tax assessor's market value of $39,450,000.

How many commercial spaces does this building have?

This building has 6 commercial spaces available for lease. There are 2 active listings at this address.

Ownership Information

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Property owner for Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229
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Building contacts for Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229
Building management:
Representatives (from permits):
Tenants:


Office Spaces for Lease in 1630 East 15th Street, Brooklyn

Kingswood Center
Listing type For Lease
Listing date 12/15/2023
Last updated 03/08/2024
Lot size 1.1 Acre

Property description:

Located directly in the middle of the borough of Brooklyn, Midwood is a true melting pot with a small town feel. This quiet, family-oriented neighborhood has tree-lined streets and a large number of parks, but it also has its own bustling avenues with bakeries, shopping, and lots of restaurant options. The fact that there are great public transportation options coupled with an impressive amount of parking compared to most neighborhoods in Brooklyn makes it a commuter’s dream. Many people will recognize Midwood as the location of blockbuster movies and TV shows, including The Godfather, Seinfeld, and The Cosby Show. A walk through Midwood reveals many buildings constructed in the mid-19th century Italianate architectural style, as well as the Eastlake style. Most buildings in this neighborhood are very well maintained and preserved and the streets are majestically tree lined. Most housing is located in low-rise buildings that bring to mind the NYC architecture most visitors expect from years of seeing New York only as a movie set. There are several landmarks in Midwood, including Williamsburg Savings Bank Tower, which spent more than 80 years with the title of the tallest building in Brooklyn. It’s also home to Midwood Park, the very first park in Brooklyn, which was once named Washington Park.IPRG NJ, as the exclusive broker, is proud to present the sale of the first position note collateralized by a commercial building located at 1630 E 15th Street in the Midwood neighborhood of Brooklyn, NY (the “Property”). The Property is a 226,130 square-foot office and retail building located along the east side of East 14th Street and the west side of East 15th Street between Avenue P and Kings Highway. The three-story building contains office and retail space, along with a lower-level parking garage. The below grade parking garage contains 252 licensed spaces. The Property also has great frontage, as it possesses 240 feet along East 14th Street and 240 feet along East 15th Street. Current tenancy at the Property includes TJ Maxx, ElderServe Health Inc, The New York Eye and Ear infirmary, and VNS Health. There is vacant retail space that was formerly occupied by New York Sports Club and House of Fun.IPRG NJ, as the exclusive broker, is proud to present the sale of the first position note collateralized by a commercial building located at 1630 E 15th Street in the Midwood neighborhood of Brooklyn, NY (the “Property”). The Property is a 226,130 square-foot office and retail building located along the east side of East 14th Street and the west side of East 15th Street between Avenue P and Kings Highway. The three-story building contains office and retail space, along with a lower-level parking garage. The below grade parking garage contains 252 licensed spaces. The Property also has great frontage, as it possesses 240 feet along East 14th Street and 240 feet along East 15th Street. Current tenancy at the Property includes TJ Maxx, ElderServe Health Inc, The New York Eye and Ear infirmary, and VNS Health. There is vacant retail space that was formerly occupied by New York Sports Club and House of Fun.
View Listing

Brokers

Yanni Marmarou
Spaces
Suite name Space type Lease rate Available space Brokers
Retail Space 1 Street Retail $40/Sqft/Year 16,838 Yanni Marmarou

Office Spaces for Sale in 1630 East 15th Street, Brooklyn

Kingswood Center
Listing type For Sale
Listing date 12/15/2023
Last updated 03/08/2024
Lot size 1.1 Acre

Property description:

Located directly in the middle of the borough of Brooklyn, Midwood is a true melting pot with a small town feel. This quiet, family-oriented neighborhood has tree-lined streets and a large number of parks, but it also has its own bustling avenues with bakeries, shopping, and lots of restaurant options. The fact that there are great public transportation options coupled with an impressive amount of parking compared to most neighborhoods in Brooklyn makes it a commuter’s dream. Many people will recognize Midwood as the location of blockbuster movies and TV shows, including The Godfather, Seinfeld, and The Cosby Show. A walk through Midwood reveals many buildings constructed in the mid-19th century Italianate architectural style, as well as the Eastlake style. Most buildings in this neighborhood are very well maintained and preserved and the streets are majestically tree lined. Most housing is located in low-rise buildings that bring to mind the NYC architecture most visitors expect from years of seeing New York only as a movie set. There are several landmarks in Midwood, including Williamsburg Savings Bank Tower, which spent more than 80 years with the title of the tallest building in Brooklyn. It’s also home to Midwood Park, the very first park in Brooklyn, which was once named Washington Park.IPRG NJ, as the exclusive broker, is proud to present the sale of the first position note collateralized by a commercial building located at 1630 E 15th Street in the Midwood neighborhood of Brooklyn, NY (the “Property”). The Property is a 226,130 square-foot office and retail building located along the east side of East 14th Street and the west side of East 15th Street between Avenue P and Kings Highway. The three-story building contains office and retail space, along with a lower-level parking garage. The below grade parking garage contains 252 licensed spaces. The Property also has great frontage, as it possesses 240 feet along East 14th Street and 240 feet along East 15th Street. Current tenancy at the Property includes TJ Maxx, ElderServe Health Inc, The New York Eye and Ear infirmary, and VNS Health. There is vacant retail space that was formerly occupied by New York Sports Club and House of Fun.IPRG NJ, as the exclusive broker, is proud to present the sale of the first position note collateralized by a commercial building located at 1630 E 15th Street in the Midwood neighborhood of Brooklyn, NY (the “Property”). The Property is a 226,130 square-foot office and retail building located along the east side of East 14th Street and the west side of East 15th Street between Avenue P and Kings Highway. The three-story building contains office and retail space, along with a lower-level parking garage. The below grade parking garage contains 252 licensed spaces. The Property also has great frontage, as it possesses 240 feet along East 14th Street and 240 feet along East 15th Street. Current tenancy at the Property includes TJ Maxx, ElderServe Health Inc, The New York Eye and Ear infirmary, and VNS Health. There is vacant retail space that was formerly occupied by New York Sports Club and House of Fun.
View Listing

Brokers

Yanni Marmarou
Active Listings For This Property:
For Lease Kingswood Center
Kingswood Center
1630 East 15th Street, Brooklyn
Property Street Retail
Availability 1 Spaces listed / 16838 Sqft
Price $40/Sqft/Year
For Sale Kingswood Center
Kingswood Center
1630 East 15th Street, Brooklyn
Property Street Retail
Availability Spaces listed / Sqft
Price $62,000,000

Past Sales & Property History for 1630 East 15th Street, Brooklyn

Create a free account to view the complete sales history for 1630 East 15th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
02/12/2020 $88,800,000
08/07/2014 $67,486,442
03/14/2014 $8,395,758
       
       
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*Here are the three most recent sales for this property.

Title Documents for 1630 East 15th Street, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
08/22/2022 - R UCC3 continuation
(2022082200843001)
02/25/2020 - R UCC3 amendment
(2020022500284002)
02/25/2020 - R UCC3 amendment
(2020022500284001)
02/25/2020 - R Initial UCC1
(2020022100938004)
02/12/2020 - D
02/25/2020 - R
Assumption of mortgage
(2020022100938003)
02/12/2020 - D
02/25/2020 - R
Deed
(2020022100938001)
02/11/2020 - D
02/25/2020 - R
Termination of agreement
(2020022400534002)
02/11/2020 - D
02/25/2020 - R
Termination of agreement
(2020022400534001)
07/23/2018 - R UCC3 assignment
(2018072300705003)
07/05/2018 - R UCC3 assignment
(2018070200524003)
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R: Recorded date
D: Document date

Property Taxes for 1630 East 15th Street, Brooklyn

Access detailed property tax data for Kingswood Center - Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2024-2025
Property tax: $1,686,224
Tax assessor's market value: $39,450,000
Assessed value: $17,752,500

Assessment History for 1630 East 15th Street, Brooklyn

Here's the assessment & property tax history for 1630 East 15th Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate% Base tax Property tax Year over year change
2023/24 $37,892,000 $17,051,400 $15,540,089 10.592% $1,646,006 $1,646,006 +4.64%
2022/23 $35,469,000 $15,961,050 $14,775,377 10.646% $1,572,987 $1,572,987 +20.90%
2021/22 $29,764,000 $13,393,800 $12,097,800 10.755% $1,440,503 $1,301,118 +15.03%
2020/21 $36,583,000 $16,462,350 $10,576,980 10.694% $1,408,291 $1,131,102 +33.17%
2019/20 $32,828,000 $14,772,600 $8,060,670 10.537% $1,259,031 $849,353 +35.10%

Permits for 1630 East 15th Street, Brooklyn

The complete history of permits filed for 1630 East 15th Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
05/30/2024 Alteration
11/04/2022 Alteration
07/19/2022 Alteration
04/26/2022 No work
03/01/2022 No work
12/06/2019 Alteration
10/02/2019 Alteration
10/02/2019 Alteration
10/01/2019 Alteration
09/03/2019 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2024
$487
5.3% YoY
Median Price/Sqft Q4/2023
$470
3.4% YoY
Median Price/Sqft 2023
$470
-1.3% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 5 (See more on map)

Transportation

Distance to Subway
Closest station 15th St & Kings Hwy at NE Corner
Station lines B-Q
Distance (miles) 0.049
View subway map
Bus Routes
Name Kings Hy/E 16 St
Line B82
Distance (miles) 0.046

Neighbors for 1630 East 15th Street, Brooklyn

Here are the neighbors for Kingswood Center - Kingswood Center - 1630 East 15th Street, Brooklyn, NY 11229.

Address Square feet Purchase date Purchase price
1417 Kings Hwy, Brooklyn 4,532 08/13/1976
1401 Kings Hwy, Brooklyn 25,700 10/21/2004
1635-1637 E 14th St, Brooklyn 8,440
1618 E 15th St, Brooklyn 16,800 07/07/1999
1639 E 13th St, Brooklyn 3,860 10/03/1986
1419 Kings Hwy, Brooklyn 4,410 10/31/2023
1408 Avenue P, Brooklyn 1,580 11/12/2021 $920,000
1425 Kings Hwy, Brooklyn 5,004 05/01/2017 $4,350,000
1406 Avenue P, Brooklyn 1,580 12/09/2021 $880,000
1404 Avenue P, Brooklyn 1,580 03/23/1977
1619 E 14th St, Brooklyn 1,500 01/17/1967
1622 E 15th St, Brooklyn 06/30/2023
1402 Avenue P, Brooklyn 1,628 10/13/2009 $610,000
1413 Kings Hwy, Brooklyn 4,520 11/18/2021
1411 Kings Hwy, Brooklyn 2,000 12/12/1995
1633 E 13th St, Brooklyn 1,752 02/27/1979
1421 Kings Hwy, Brooklyn 5,300 07/31/2002
1409 Kings Hwy, Brooklyn 2,153 03/22/2004
1414 Avenue P, Brooklyn 4,300 01/01/2006
1625 E 13th St, Brooklyn 66,000 04/20/1989
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