New York City  »  11223  »  Avenue U  »  505 Avenue U

505 Avenue U, Brooklyn, NY 11223 - Property report

Also known as: 505 Avenue U

Property image for 505 Avenue U, Brooklyn, NY 11223
static Mapbox map

Property type

Two Family Brick (B1)

Year built

1931

Lot sq. ft.

1,800

Sale price

$800,000

General information

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Address
Primary address
505 Avenue U
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
07108-0051

Owner

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Building
Property type
Two Family Brick (B1)
Building sq. ft.
2,700
Building dimensions
20 ft x 45 ft
Buildings on lot
1
Stories
2
Year built
1931
Last altered
2008
Building material
Brick
Exterior wall
Brick/Masonary
Basement
4
Sales
Sale date
02/28/2005
Sale price
$800,000
Tax
Tax year
2026-2027
Property tax
$9,053
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Avenue U (wide)
Distance to wide street
Lot dimensions
20 ft x 90 ft
Lot sq. ft.
1,800

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
91 /100.  Rider's Paradise
Bike score
76 /100.  Very Bikeable
School district
21
Community district
15
Closest police station
0.39 Miles
Closest fire station
0.24 Miles

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

Ownership

Ownership information for 505 Avenue U, Brooklyn, NY

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

Sales history for 505 Avenue U, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
02/28/2005 $800,000 XXXX, XXXXXX XXX XXXXXX, XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/11/2026 - R
03/09/2026 - D		 Termination of Assign of L&R
(2026030900885001)		 XXXXXXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
07/26/2023 - R
07/20/2023 - D		 Satisfaction of Mortgage
(2023072100219001)		 XXXXXXX XXXXXX XXXXXXX XXX XX
03/11/2013 - R
01/24/2013 - D		 Deed
(2013022200664001)		 XXX XXXX XXXXXX XXX XXXXXX X XXXXXX XXX
03/27/2008 - R
03/12/2008 - D		 UCC3 Termination
(2008031200939001)		 XXXXXXX XXXXXX XXXXXXXXX XXXXXXXX XXXX
03/14/2008 - R
03/05/2008 - D		 Assignment of Leases and Rents
(2008031100852003)		 XXXXX XXXX XXXX XXXXXXX XXXXXX
03/14/2008 - R
03/05/2008 - D		 Agreement
(2008031100852002)		 XXXXX XXXX XXXX XXXXXXX XXXXXX
03/07/2008 - R
03/03/2008 - D		 Initial UCC1
(2008030301487001)		 XXXXXXX XXXXXX XXXXX XXXX XXXX X XXXXXXXX XX XXXXXXX XXX XXXX
03/14/2008 - R
02/26/2008 - D		 Assignment, Mortgage
(2008031100852001)		 XXXXXXXXX XXXXXXXX XXXX XXXXX XXXX XXXX
03/15/2005 - R
03/08/2005 - D		 Initial UCC1
(2005030800433001)		 XXXXXXX XXXXXX XXXXXXXXX XXXXXXXX XXXX
03/16/2005 - R
03/01/2005 - D		 Mortgage
(2005030801102002)		 XXXX XXXXXX XXX XXXXXXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 505 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
$9,053
Municipal exemptions
Recent tax assessments
Market value
$4,168,000
Assessed value
$250,080

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 $3,170,000 $190,200 $43,378 19.843% $8,607 $8,607 -1.20%
2024/25 $3,669,000 $220,140 $43,376 20.085% $8,712 $8,712 +3.02%
2023/24 $3,243,000 $194,580 $42,106 20.085% $8,457 $8,457 +4.10%
2022/23 $2,654,000 $159,240 $40,003 20.309% $8,124 $8,124 +7.04%
2021/22 $2,221,000 $133,260 $38,018 19.963% $7,590 $7,590 -0.23%
2020/21 $1,995,000 $119,700 $36,148 21.045% $7,607 $7,607 -0.57%
2019/20 $1,586,000 $95,160 $36,147 21.167% $7,651 $7,651 +4.24%
2018/19 $2,124,000 $127,440 $35,088 20.919% $7,340 $7,340 +8.01%
2017/18 $1,806,000 $108,360 $33,336 20.385% $6,796 $6,796 +20.11%
2016/17 $1,361,000 $81,660 $28,302 19.991% $6,334 $5,658 +8.44%
Permits

Permit information for 505 Avenue U, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
07/07/2005 Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Homecrest residential market stats

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

Median sale price

$655,000

-11.1% Y-o-Y

Median price/sq. ft.

$654

-5% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

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)
0.351
View subway map

Access the detailed traffic volume map for 505 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 215 Morris H Weiss 5 Yes Public PK, K-5 707 0.37
P.S. 215 Morris H Weiss 5 Yes Public PK, K-5 707 0.37
Ahaba Ve Ahva Cong & Yeshiva NR No Private PK, K-9 0 0.28
Ahaba Ve Ahva Cong & Yeshiva NR No Private PK, K-9 0 0.28
Ahaba Ve Ahava NR No Private PK, K-10 93 0.29
Ahaba Ve Ahava NR No Private PK, K-10 93 0.29
Yeshiva Darchei Aliya NR No Private K-6 76 0.29
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Is 228 David A Boody 7 Yes Public 6-8 1,551 0.58
Ahaba Ve Ahva Cong & Yeshiva NR No Private PK, K-9 0 0.28
Ahaba Ve Ahava NR No Private PK, K-10 93 0.29
Our Lady of Grace Catholic Academy NR No Private PK-8 185 0.35
Magen David Yeshivah School NR No Private PK, K-8 0 0.37
Magen David Yesh-Isaac SHLM E NR No Private PK-12 1,906 0.40
P.S. 95 The Gravesend 7 No Public K-8 940 0.46
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Abraham Lincoln High School 4 Yes Public 9-12 2,129 1.05
Torah Academy High School NR No Private 9-12 16 0.22
Torah Academy High School NR No Private 9-12 12 0.24
Ahaba Ve Ahava NR No Private PK, K-10 93 0.29
B'not Rachel High School For Girls NR No Private 9-12 80 0.36
Harma Inst of Secondary Education NR No Private 12 0 0.40

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 505 Avenue U, Brooklyn, NY

2147 E 5th St, Brooklyn 2088 Ocean Pkwy, Brooklyn 503 Avenue U, Brooklyn 2127 E 5th St, Brooklyn 507 Avenue U, Brooklyn 2090 Ocean Pkwy, Brooklyn 2137 E 5th St, Brooklyn 2131 E 5th St, Brooklyn 2080 Ocean Pkwy, Brooklyn 2145 E 5th St, Brooklyn 2141 E 5th St, Brooklyn 2084 Ocean Pkwy, Brooklyn 2076 Ocean Pkwy, Brooklyn 2070 Ocean Pkwy, Brooklyn 2068 Ocean Pkwy, Brooklyn 501 Avenue U, Brooklyn 2139 E 5th St, Brooklyn 511 Avenue U, Brooklyn 2129 E 5th St, Brooklyn 2072 Ocean Pkwy, Brooklyn

Nearby ZIP codes for 505 Avenue U, 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 505 Avenue U, Brooklyn, NY 11223?

The development at 505 Avenue U, Brooklyn, NY 11223 was built in 1931.

What is the total square footage of 505 Avenue U, Brooklyn, NY 11223?

505 Avenue U, Brooklyn, NY 11223 has a total of 2,700 square feet.

When was 505 Avenue U, Brooklyn, NY 11223 last sold and what was the sale price?

505 Avenue U, Brooklyn, NY 11223 was last sold on 02/28/2005 for $800,000.

What is the assessed value of 505 Avenue U, Brooklyn, NY 11223?

505 Avenue U, Brooklyn, NY 11223 is currently assessed at $250,080.

What are the property taxes for 505 Avenue U, Brooklyn, NY 11223?

The property taxes for 505 Avenue U, Brooklyn, NY 11223 total $9,052.

How many residential units does this building have?

This building has 2 residential unit(s).

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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