| Primary address | 242 Lake Street |
| Neighborhood | Gravesend |
| Zip code | 11223 |
| Borough | Brooklyn |
| Block & lot | 07102-0121 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $9,623 |
| Lot sqft | 1,849 |
| Lot dimensions | |
| Building class | Two Family Converted from One Family (B3) |
| Building sqft | 2,090 |
| Building dimensions | |
| Buildings on lot | 1 |
| Stories | 2 |
| Structure type | Row |
| Building material | Brick |
| Exterior wall | Brick/masonry |
| Basement type | Full |
| Year built | 1940 |
| Frontage(s) | Lake Street (narrow) |
| Nearest wide street | MC Donald Avenue |
| Distance to wide street | Register |
| School district | 21 |
| Community district | 11 |
| Closest police station | 0.75 Miles |
| Closest fire station | 0.63 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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242 Lake Street, Brooklyn, NY 11223 was built in 1940 and has a total of 2,090 square feet.
What is the assessed value of 242 Lake Street, Brooklyn, NY 11223 and the property tax paid?Assessed at $81,000, the tax amount paid for 242 Lake Street, Brooklyn, NY 11223 is $9,126. For the next year, the tax amount for 242 Lake Street, Brooklyn, NY 11223 is estimated at $9,623.
When was 242 Lake Street, Brooklyn, NY 11223 last sold?242 Lake Street, Brooklyn, NY 11223 was last sold in 02/23/1989.
How many residential units does this building have?This building has 2 residential unit(s).
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Create a free account to view the complete sales history for 242 Lake Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
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.
R: Recorded date
D: Document date
Access detailed property tax data for 242 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: | $9,127 |
| Estimated property tax: | $9,623 |
| Tax assessor's market value: | $1,350,000 |
| Assessed value: | $81,000 |
Here's the assessment & property tax history for 242 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 | $1,350,000 | $81,000 | $45,996 | 19.843% | $9,127 | $9,127 | +4.72% |
| 2024/25 | $1,163,000 | $69,780 | $43,394 | 20.085% | $8,716 | $8,716 | +3.33% |
| 2023/24 | $1,060,000 | $63,600 | $41,994 | 20.085% | $8,716 | $8,434 | +3.97% |
| 2022/23 | $1,161,000 | $69,660 | $39,944 | 20.309% | $8,409 | $8,112 | +4.26% |
| 2021/22 | $997,000 | $59,820 | $38,975 | 19.963% | $8,068 | $7,781 | +0.14% |
The complete history of permits filed for 242 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.
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.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 4 (See more on map) |
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Distance to Subway
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| Closest station | McDonald Ave & Avenue U at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | F | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Av U/Mc Donald Av | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.096 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 95 The Gravesend | 7 | Yes | Public | K-8 | 940 | 0.16 |
| Sts. Simon & Jude Elementary School | NR | No | Private | PK, K-8 | 0 | 0.07 |
| Sts. Simon & Jude Elementary School | NR | No | Private | PK, K-8 | 0 | 0.07 |
| Magen David Yeshivah School | NR | No | Private | PK, K-8 | 0 | 0.19 |
| Magen David Yeshivah School | NR | No | Private | PK, K-8 | 0 | 0.19 |
| 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 | 0.23 |
| Sts. Simon & Jude Elementary School | NR | No | Private | PK, K-8 | 0 | 0.07 |
| P.S. 95 The Gravesend | 7 | No | Public | K-8 | 940 | 0.16 |
| Magen David Yeshivah School | NR | No | Private | PK, K-8 | 0 | 0.19 |
| Magen David Yesh-Isaac SHLM E | NR | No | Private | PK-12 | 1,906 | 0.20 |
| 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 | 0.20 |
| Yeshivat Darche Eres Inc | NR | No | Private | PK-12 | 494 | 0.47 |
| Gesher Yehuda | NR | No | Private | K-12 | 67 | 0.47 |
| Ahaba Ve Ahava | NR | No | Private | PK, K-10 | 93 | 0.56 |
| B'not Rachel High School For Girls | NR | No | Private | 9-12 | 80 | 0.58 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 242 Lake Street, Brooklyn, NY 11223.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 2224 MC Donald Ave, Brooklyn | 1,820 | 01/19/2018 | $1,300,000 |
| 2226 McDonald Ave, Brooklyn | 2,835 | 09/05/2024 | $999,950 |
| 253 Van Sicklen St, Brooklyn | 06/06/1980 | ||
| 2194 MC Donald Ave, Brooklyn | 4,620 | 07/13/1995 | |
| 2214 MC Donald Ave, Brooklyn | 5,182 | 12/29/2021 | |
| 2236 MC Donald Ave, Brooklyn | 3,900 | 02/15/2011 | |
| 2200 McDonald Ave, Brooklyn | 1,504 | 04/14/1983 | |
| 2210 McDonald Ave, Brooklyn | 4,501 | 05/28/1991 | |
| 238 Lake St, Brooklyn | 1,296 | 10/27/2014 | |
| 225 Van Sicklen St, Brooklyn | 2,400 | 02/12/2010 | $605,000 |
| 229 Van Sicklen St, Brooklyn | 2,400 | 02/12/2021 | $1,310,000 |
| 2184 McDonald Ave, Brooklyn | 8,247 | 03/02/1993 | |
| 2222 MC Donald Ave, Brooklyn | 3,860 | 04/14/2015 | |
| 234 Lake St, Brooklyn | 1,080 | 02/14/2002 | |
| 231 Van Sicklen St, Brooklyn | 2,400 | 02/28/1972 | |
| 241 Van Sicklen St, Brooklyn | 2,185 | 02/05/2021 | $999,000 |
| 227 Van Sicklen St, Brooklyn | 2,400 | ||
| 2232 McDonald Ave, Brooklyn | 2,720 | 01/26/1996 | |
| 237 Van Sicklen St, Brooklyn | 1,184 | 12/01/2021 | |
| 249 Van Sicklen St, Brooklyn | 3,034 | 08/19/2004 | $1,350,000 |
