New York City  »  11223  »  Avenue U  »  423 Avenue U

423 Avenue U, Brooklyn, NY 11223 - Property report

Also known as: 423 Avenue U

Property image for 423 Avenue U, Brooklyn, NY 11223
static Mapbox map

Property type

Predominant Retail with Other Uses (K4)

Year built

1931

Lot sq. ft.

2,000

Sale price

$1,350,000

General information

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Address
Primary address
423 Avenue U
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
07106-0045

Owner

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Building
Property type
Predominant Retail with Other Uses (K4)
Building sq. ft.
3,190
Building dimensions
18 ft x 92 ft
Buildings on lot
1
Stories
1
Year built
1931
Last altered
2021
Building material
Sales
Sale date
08/27/2018
Sale price
$1,350,000
Tax
Tax year
2026-2027
Property tax
$30,969
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
92 /100.  Walker's Paradise
Transit score
92 /100.  Rider's Paradise
Bike score
75 /100.  Very Bikeable
School district
21
Community district
15
Closest police station
0.47 Miles
Closest fire station
0.34 Miles

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Ownership information for 423 Avenue U, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 423 Avenue U, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
08/27/2018 $1,350,000 XXXXXXXXXXXXX XXX XXXXXX, XXXXXX
05/24/2013 $600,000 XXXXXX, XXXXXX XXX XX XXXXXX XXX
12/08/2005 $1,100,000 XXX XX XXXXXX XXX XXX XXXXXX X XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/12/2021 - R
04/05/2021 - D
Zoning Lot Description
(2021040601128001)
XXXXXXXXXXXXX XXX
04/12/2021 - R
03/29/2021 - D
Certificate
(2021040601128002)
XXXX XXXXXXXX XXXX
02/13/2019 - R
09/05/2018 - D
Discharge of Tax Lien
(2019020700366001)
XXX XXXX XX XXX XXXX XXXXXX
09/06/2018 - R
08/27/2018 - D
Deed
(2018090500812001)
XXXXXX XXXXXX XXXXXXXXXXXXX XXX
03/09/2016 - R
03/03/2016 - D
Zoning Lot Description
(2016030300349003)
XXXXXX XXXXXX
03/09/2016 - R
02/19/2016 - D
Certificate
(2016030300349004)
XXXXX XXXXXXXX XXXX
11/07/2013 - R
10/31/2013 - D
Discharge of Tax Lien
(2013110501400002)
XXX XXXX XX XXX XXXX XXXXXX
11/13/2013 - R
10/29/2013 - D
Discharge of Tax Lien
(2013110800741001)
XXX XXXX XX XXX XXXX XXXXXX
11/07/2013 - R
10/29/2013 - D
Discharge of Tax Lien
(2013110401181001)
XXX XXXX XX XXX XXXX XXXXXX
11/07/2013 - R
10/24/2013 - D
Discharge of Tax Lien
(2013110501400001)
XXX XXXX XX XXX XXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 423 Avenue U, 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
$30,969
Municipal exemptions
Recent tax assessments
Market value
$644,000
Assessed value
$289,800

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 $632,000 $284,400 $278,910 10.848% $30,256 $30,256 +8.22%
2024/25 $601,000 $270,450 $259,788 10.762% $27,958 $27,958 +72.07%
2023/24 $376,000 $169,200 $153,399 10.592% $16,248 $16,248 +320.61%
2022/23 $128,000 $57,600 $36,286 10.646% $3,863 $3,863 -62.87%
2021/22 $215,000 $96,750 $96,750 10.755% $10,405 $10,405 -5.42%
2020/21 $284,000 $127,800 $102,870 10.694% $11,001 $11,001 +14.97%
2019/20 $291,000 $130,950 $90,810 10.537% $9,569 $9,569 +25.62%
2018/19 $210,000 $94,500 $72,450 10.514% $7,617 $7,617 +18.04%
2017/18 $191,000 $85,950 $61,380 10.514% $6,453 $6,453 +17.32%
2016/17 $167,000 $75,150 $52,020 10.574% $5,501 $5,501 +15.17%

Permit information for 423 Avenue U, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
09/06/2023 Alteration
08/02/2023 Alteration
03/23/2023 Alteration
01/13/2023 Alteration
05/26/2022 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
05/03/2022 C-construction other optional
05/03/2022 C-construction other optional
04/29/2022 C-construction other optional

*Most recent DOB violations on record for this property.

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
3

Subway & traffic

Closest station
McDonald Ave & Avenue U at SE Corner
Station lines
F
Distance (miles)
0.253

Access the detailed traffic volume map for 423 Avenue U, 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

Frequently asked questions

What is the year built for 423 Avenue U, Brooklyn, NY 11223?

The development at 423 Avenue U, Brooklyn, NY 11223 was built in 1931.

What is the market value of 423 Avenue U, Brooklyn, NY 11223?

The current market value of 423 Avenue U, Brooklyn, NY 11223 is $644,000.

What is the total square footage of 423 Avenue U, Brooklyn, NY 11223?

423 Avenue U, Brooklyn, NY 11223 has a total of 3,190 square feet.

What is the price per square foot for this property?

$423 per square foot is the price for 423 Avenue U, 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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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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