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159 Lake Street, Brooklyn, NY 11223 Property Information

159 Lake Street, Brooklyn, NY 11223 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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159 Lake Street, Brooklyn, NY 11223 1
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Address

Primary address 159 Lake Street
Neighborhood Gravesend
Zip code 11223
Borough Brooklyn
Block & lot 07087-0068

Sales & Tax Overview for 159 Lake Street, Brooklyn

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

Purchase date 03/16/2005
Purchase price $600,000
Tax class
Estimated property tax $5,425

Lot & Building Information for 159 Lake Street, Brooklyn

Lot sqft 1,481
Lot dimensions 19.33 ft x 76.58 ft
Building class Miscellaneous One Family (A9) i
Building sqft 1,080
Building dimensions 15 ft x 37 ft
Buildings on lot 1
Stories 2
Structure type Old style
Building material Frame
Exterior wall Aluminum/vinyl
Basement type Full
Year built 1925
Frontage(s) Lake Street (narrow)
Nearest wide street MC Donald Avenue
Distance to wide street
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Zoning & Use for 159 Lake Street, Brooklyn

Zoning
Residential units (DOF) 1
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 21
Community district 11
Closest police station 0.78 Miles
Closest fire station 0.60 Miles

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

Other Property Data for 159 Lake Street, Brooklyn

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Floor area ratio (FAR) for 159 Lake Street, Brooklyn, NY 11223, 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 159 Lake Street, Brooklyn, NY 11223, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 159 Lake Street, Brooklyn

What is the year built & the total sq. ft. for 159 Lake Street, Brooklyn, NY 11223?

159 Lake Street, Brooklyn, NY 11223 was built in 1925 and has a total of 1,080 square feet.

What is the assessed value of 159 Lake Street, Brooklyn, NY 11223 and the property tax paid?

Assessed at $76,200, the tax amount paid for 159 Lake Street, Brooklyn, NY 11223 is $5,424. For the next year, the tax amount for 159 Lake Street, Brooklyn, NY 11223 is estimated at $5,425.

When was 159 Lake Street, Brooklyn, NY 11223 last sold and what was the last sale price?

159 Lake Street, Brooklyn, NY 11223 was last sold in 03/16/2005 for $600,000.

How many residential units does this building have?

This building has 1 residential unit(s).

Ownership Information for 159 Lake Street, Brooklyn

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Property owner name for 159 Lake Street, Brooklyn, NY 11223
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Building contacts for 159 Lake Street, Brooklyn, NY 11223
Building management:
Representatives (from permits):
Tenants:
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 159 Lake Street, Brooklyn

Create a free account to view the complete sales history for 159 Lake Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
03/16/2005 $600,000

Title Documents for 159 Lake Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
01/10/2025 - D
01/15/2025 - R
Mortgage
(2025011400635001)
04/18/2017 - D
05/24/2017 - R
Mortgage and Consolidation
(2017052301216001)
01/07/2014 - D
01/17/2014 - R
Satisfaction of Mortgage
(2014010700030001)
03/12/2013 - D
03/28/2013 - R
Assignment, Mortgage
(2013031301273001)
09/18/2006 - D
10/19/2006 - R
Mortgage
(2006092800723001)
04/14/2005 - D
04/27/2005 - R
Satisfaction of Mortgage
(2005042000135001)
03/16/2005 - D
04/06/2005 - R
Mortgage
(2005032100758002)
03/16/2005 - D
04/06/2005 - R
Deed
(2005032100758001)
07/28/2000 - D
12/29/2004 - R
Mortgage
(2004122202126001)
11/09/1995 - R Satisfaction of Mortgage
(3010004943301)
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R: Recorded date
D: Document date

Property Taxes for 159 Lake Street, Brooklyn

Access detailed property tax data for 159 Lake Street, Brooklyn, NY 11223. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $5,424
Estimated property tax: $5,425
Tax assessor's market value: $1,270,000
Assessed value: $76,200

Assessment History for 159 Lake Street, Brooklyn

Here's the assessment & property tax history for 159 Lake 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
2025/26 $1,270,000 $76,200 $27,337 19.843% $5,424 $5,424 +1.32%
2024/25 $1,003,000 $60,180 $26,656 20.085% $5,354 $5,354 +5.08%
2023/24 $1,142,000 $68,520 $25,367 20.085% $5,095 $5,095 +4.21%
2022/23 $920,000 $55,200 $24,074 20.309% $4,889 $4,889 +7.50%
2021/22 $994,000 $59,640 $22,784 19.963% $4,548 $4,548 -5.14%

Permits for 159 Lake Street, Brooklyn

The complete history of permits filed for 159 Lake 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.

No recorded permits for this property.

Gravesend Residential Market Stats

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

Median Sale Price
$625,000
-1.1% YoY
Median Price/Sqft
$713
-9.8% YoY
Brooklyn Median Sale Price
$839,000
6.2% 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 McDonald Ave & Avenue S at NW Corner
Station lines F
Distance (miles) 0.133
View subway map
Bus Routes
Name Av U/Mc Donald Av
Line B3
Distance (miles) 0.227

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 215 Morris H Weiss 5 Yes Public PK, K-5 707 0.24
P.S. 215 Morris H Weiss 5 Yes Public PK, K-5 707 0.24
Magen David Yeshivah School NR No Private PK, K-8 0 0.04
Magen David Yeshivah School NR No Private PK, K-8 0 0.04
Magen David Yesh-Isaac SHLM E NR No Private PK-12 1,906 0.04

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Is 228 David A Boody 7 Yes Public 6-8 1,551 0.19
Magen David Yeshivah School NR No Private PK, K-8 0 0.04
Magen David Yesh-Isaac SHLM E NR No Private PK-12 1,906 0.04
Sts. Simon & Jude Elementary School NR No Private PK, K-8 0 0.09
P.S. 95 The Gravesend 7 No Public K-8 940 0.32

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Magen David Yesh-Isaac SHLM E NR No Private PK-12 1,906 0.04
B'not Rachel High School For Girls NR No Private 9-12 80 0.46
Ahaba Ve Ahava NR No Private PK, K-10 93 0.47
Mirrer Yeshiva High School NR No Private PK-12 359 0.50
Yeshivat Darche Eres Inc NR No Private PK-12 494 0.53

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 159 Lake Street, Brooklyn

Here are the neighbors for 159 Lake Street, Brooklyn, NY 11223.

Address Square feet Purchase date Purchase price
2130 McDonald Ave, Brooklyn 221,704 06/01/2002
630 Avenue S, Brooklyn 2,900 02/07/1966
1990 E 7th St, Brooklyn 2,480 02/07/2018
1992 E 7th St, Brooklyn 2,720 03/21/2025 $10
169 Lake St, Brooklyn 2,808 09/29/2005 $635,000
155 Lake St, Brooklyn 1,200 11/27/2006
161 Lake St, Brooklyn 1,008 04/30/2014 $569,000
171 Lake St, Brooklyn 2,808 08/21/2007 $500,000
1996 E 7th St, Brooklyn 2,720 02/15/1989
167 Lake St, Brooklyn 1,120 07/24/2002
1901 Ocean Pkwy, Brooklyn 82,559 08/02/1979
2000 E 7th St, Brooklyn 9,120 01/11/2007
165 Lake St, Brooklyn 1,008 07/20/2000
163 Lake St, Brooklyn 1,008 06/03/2014
175 Lake St, Brooklyn 2,808 03/31/2010
179 Lake St, Brooklyn 2,808 02/24/2004 $525,000
157 Lake St, Brooklyn 1,080 06/22/2006
153 Lake St, Brooklyn 1,200 02/10/2015 $550,000
177 Lake St, Brooklyn 2,808 12/23/2024
183 Lake St, Brooklyn 2,808 07/30/2014 $144,000
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