New York City  »  11223  »  Avenue U  »  506 Avenue U

506 Avenue U, Brooklyn, NY 11223 Property Information

506 Avenue U, Brooklyn, NY 11223 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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506 Avenue U, Brooklyn, NY 11223 1
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Address

Primary address 506 Avenue U
Neighborhood Gravesend
Zip code 11223
Borough Brooklyn
Block & lot 07132-0003

Sales & Tax Overview for 506 Avenue U, Brooklyn

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

Purchase date 12/21/2015
Purchase price $3,300,000
Tax class
Estimated property tax $7,714

Lot & Building Information for 506 Avenue U, Brooklyn

Lot sqft 1,900
Lot dimensions 20 ft x 95 ft
Building class Primarily Two Family with One Store or Office (S2)
Building sqft 2,560
Building dimensions 20 ft x 64 ft
Buildings on lot 1
Stories 2
Year built 1931
Construction type
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Zoning & Use for 506 Avenue U, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 21
Community district 15
Closest police station 0.37 Miles
Closest fire station 0.24 Miles

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

Other Property Data for 506 Avenue U, 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 506 Avenue U, 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 506 Avenue U, Brooklyn, NY 11223, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 506 Avenue U, Brooklyn

How many sq. ft. does 506 Avenue U, Brooklyn, NY 11223 have & what is the price per sq. ft?

This Primarily Two Family with One Store or Office (S2) located at 506 Avenue U, Brooklyn, NY 11223 has a total of 2,560 square feet and a current price per square foot of $1,289.

What is the year built & the current market value of 506 Avenue U, Brooklyn, NY 11223?

506 Avenue U, Brooklyn, NY 11223 was built in 1931 and has a current tax assessor's market value of $2,014,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 506 Avenue U, Brooklyn

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Property owner name for 506 Avenue U, Brooklyn, NY 11223
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Building contacts for 506 Avenue U, Brooklyn, NY 11223
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 506 Avenue U, Brooklyn

Create a free account to view the complete sales history for 506 Avenue U, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
12/21/2015 $3,300,000

Title Documents for 506 Avenue U, 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
11/09/2016 - D
11/15/2016 - R
Termination of Assign of L&R
(2016111100231001)
11/09/2016 - D
11/15/2016 - R
Satisfaction of Mortgage
(2016111100209001)
12/21/2015 - D
01/27/2016 - R
Mortgage
(2015122300261002)
12/21/2015 - D
01/27/2016 - R
Deed
(2015122300261001)
11/29/2004 - D
04/04/2005 - R
Satisfaction of Mortgage
(2004121600295001)
11/19/2004 - D
03/23/2005 - R
Deed
(2004121701987001)
10/20/2004 - D
11/10/2004 - R
Assignment of Leases and Rents
(2004102500344002)
10/20/2004 - D
11/10/2004 - R
Mortgage
(2004102500344001)
08/15/2001 - R Mortgage
(3060007776906)
08/15/2001 - R Assignment, Mortgage
(3160007776716)
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R: Recorded date
D: Document date

Property Taxes for 506 Avenue U, Brooklyn

Access detailed property tax data for 506 Avenue U, Brooklyn, NY 11223. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,715
Estimated property tax: $7,714
Tax assessor's market value: $2,014,000
Assessed value: $120,840

Assessment History for 506 Avenue U, Brooklyn

Here's the assessment & property tax history for 506 Avenue U, 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 $2,014,000 $120,840 $38,880 19.843% $7,715 $7,715 -0.46%
2024/25 $1,591,000 $95,460 $38,588 20.085% $7,750 $7,750 +6.00%
2023/24 $1,406,000 $84,360 $36,404 20.085% $7,312 $7,312 +4.83%
2022/23 $1,104,000 $66,240 $34,344 20.309% $6,975 $6,975 +7.84%
2021/22 $989,000 $59,340 $32,400 19.963% $6,468 $6,468 -5.14%

Permits for 506 Avenue U, Brooklyn

The complete history of permits filed for 506 Avenue U, 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.

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 Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% 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: 3 (See more on map)

Transportation

Distance to Subway
Closest station McDonald Ave & Avenue U at SE Corner
Station lines F
Distance (miles) 0.351
View subway map
Bus Routes
Name Av U/E 5 St
Line B3
Distance (miles) 0.037

Neighbors for 506 Avenue U, Brooklyn

Here are the neighbors for 506 Avenue U, Brooklyn, NY 11223.

Address Square feet Purchase date Purchase price
2112 Ocean Pkwy, Brooklyn 3,675 12/24/1998
504 Avenue U, Brooklyn 2,560 12/21/2015 $3,300,000
2102 Ocean Pkwy, Brooklyn 1,970 08/22/2018
2134 Ocean Pkwy, Brooklyn 8,643 04/25/2018 $6,000,000
502 Avenue U, Brooklyn 3,720 06/21/2021
2183 E 4th St, Brooklyn 1,512 12/15/2005
2108 Ocean Pkwy, Brooklyn 4,200 03/15/1999
2118 Ocean Pkwy, Brooklyn 1,608 02/22/2022 $2,350,000
2171 E 4th St, Brooklyn 1,512 09/03/2025
2187 E 4th St, Brooklyn 1,304 10/08/2024
2177 E 4th St, Brooklyn 4,479 08/09/2017
2179 E 4th St, Brooklyn 1,512 11/07/2024 $2,000,000
2120 Ocean Pkwy, Brooklyn 1,608 06/05/2025
2110 Ocean Pkwy, Brooklyn 06/06/2023 $2,600,000
2185 E 4th St, Brooklyn 1,264 07/12/2022
512 Avenue U, Brooklyn 5,600 02/24/2006
2124 Ocean Pkwy, Brooklyn 1,608 03/06/2019
2126 Ocean Pkwy, Brooklyn 3,500 09/19/2014 $2,750,000
2181 E 4th St, Brooklyn 2,245 01/06/2026
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