New York City  »  11223  »  Gravesend Neck Rd  »  502 Gravesend Neck Rd

502 Gravesend Neck Road, Brooklyn, NY 11223 Property Information

502 Gravesend Neck Road, Brooklyn, NY 11223 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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502 Gravesend Neck Road, Brooklyn, NY 11223 2
static Mapbox map

Address

Primary address 502 Gravesend Neck Road
Secondary address 2289-2297 E 5th St
Neighborhood Gravesend
Zip code 11223
Borough Brooklyn
Block & lot 07157-0070

Sales & Tax Overview for 502 Gravesend Neck Road, Brooklyn

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

Purchase date 03/02/2022
Purchase price $1,750,000
Tax class
Estimated property tax $12,937

Lot & Building Information for 502 Gravesend Neck Road, Brooklyn

Lot sqft 1,738
Lot dimensions 22.67 ft x 81.5 ft
Building class Single or Multiple Dwelling with Stores or Offices (S9) i
Building sqft 3,460
Building dimensions 22.75 ft x 81 ft
Buildings on lot 1
Stories 2
Year built 1931
Year last altered 1994
Construction type
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Zoning & Use for 502 Gravesend Neck Road, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 2
Residential sqft
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 21
Community district 15
Closest police station 0.28 Miles
Closest fire station 0.34 Miles

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

Other Property Data for 502 Gravesend Neck Road, Brooklyn

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Floor area ratio (FAR) for 502 Gravesend Neck Road, 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 502 Gravesend Neck Road, Brooklyn, NY 11223, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 2289-2297 E 5th St, Brooklyn, NY 11223
  • 502 A Gravesend Neck Rd, Brooklyn, NY 11223

About 502 Gravesend Neck Road, Brooklyn

How many sq. ft. does 502 Gravesend Neck Road, Brooklyn, NY 11223 have & what is the price per sq. ft?

This Single or Multiple Dwelling with Stores or Offices (S9) located at 502 Gravesend Neck Road, Brooklyn, NY 11223 has a total of 3,460 square feet and a current price per square foot of $505.

What is the year built & the current market value of 502 Gravesend Neck Road, Brooklyn, NY 11223?

502 Gravesend Neck Road, Brooklyn, NY 11223 was built in 1931 and has a current tax assessor's market value of $955,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 502 Gravesend Neck Road, Brooklyn

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Property owner name for 502 Gravesend Neck Road, Brooklyn, NY 11223
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Building contacts for 502 Gravesend Neck Road, Brooklyn, NY 11223
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 502 Gravesend Neck Road, Brooklyn

Create a free account to view the complete sales history for 502 Gravesend Neck Road, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
03/02/2022 $1,750,000

Title Documents for 502 Gravesend Neck Road, 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
10/31/2023 - D
11/22/2023 - R
Assignment, Mortgage
(2023112000555002)
10/31/2023 - D
11/22/2023 - R
Assignment, Mortgage
(2023112000555001)
03/02/2022 - D
03/17/2022 - R
Agreement
(2022031000400004)
03/02/2022 - D
03/17/2022 - R
Assignment of Leases and Rents
(2022031000400003)
03/02/2022 - D
03/17/2022 - R
Mortgage
(2022031000400002)
03/02/2022 - D
03/17/2022 - R
Deed
(2022031000400001)
12/15/2020 - D
01/08/2021 - R
Deed
(2021010500585001)
09/13/2017 - D
02/20/2018 - R
Deed
(2018012301249001)
05/13/2014 - D
08/01/2014 - R
Deed
(2014051300446001)
11/15/2006 - D
02/05/2007 - R
Deed
(2007012501841001)
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R: Recorded date
D: Document date

Property Taxes for 502 Gravesend Neck Road, Brooklyn

Access detailed property tax data for 502 Gravesend Neck Road, Brooklyn, NY 11223. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $12,938
Estimated property tax: $12,937
Tax assessor's market value: $955,000
Assessed value: $429,750

Assessment History for 502 Gravesend Neck Road, Brooklyn

Here's the assessment & property tax history for 502 Gravesend Neck Road, 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 $955,000 $429,750 $104,009 12.439% $12,938 $12,938 +2.70%
2024/25 $885,600 $398,520 $100,783 12.5% $12,598 $12,598 +7.98%
2023/24 $738,000 $332,100 $93,318 12.502% $11,667 $11,667 +10.07%
2022/23 $615,000 $276,750 $86,407 12.267% $10,600 $10,600 +8.28%
2021/22 $670,000 $301,500 $80,007 12.235% $9,789 $9,789 -0.26%

Permits for 502 Gravesend Neck Road, Brooklyn

The complete history of permits filed for 502 Gravesend Neck Road, 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 Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% 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: 2 (See more on map)

Transportation

Distance to Subway
Closest station McDonald Ave & Gravesend Neck Rd at SE Corner
Station lines F
Distance (miles) 0.387
View subway map
Bus Routes
Name Av X/Ocean Py
Line B1
Distance (miles) 0.225

Neighbors for 502 Gravesend Neck Road, Brooklyn

Here are the neighbors for 502 Gravesend Neck Road, Brooklyn, NY 11223.

Address Square feet Purchase date Purchase price
2311 E 5th St, Brooklyn 3,234 01/11/2005
2323 E 5th St, Brooklyn 1,332 09/09/2025
504 Gravesend Neck Rd, Brooklyn 2,000 05/20/2021 $1,250,000
2279 E 5th St, Brooklyn 4,391 07/13/2004 $500,000
2275 E 5th St, Brooklyn 2,180 09/17/2024
2273 E 5th St, Brooklyn 2,180 02/12/2003 $400,500
2299 E 5th St, Brooklyn 7,220 10/07/2005 $1,285,000
2305 E 5th St, Brooklyn 4,977 01/30/2014
2319 E 5th St, Brooklyn 3,330 12/27/2012
503 Avenue W, Brooklyn 2,850 07/09/2025 $2,800,000
510 Gravesend Neck Rd, Brooklyn 1,624 05/05/2021 $975,000
515 Gravesend Neck Rd, Brooklyn 2,117 05/21/2017
511 Gravesend Neck Rd, Brooklyn 2,580 03/19/2018
501 Avenue W, Brooklyn 3,840 01/01/2024 $10
506 Gravesend Neck Rd, Brooklyn 2,000 10/05/2021 $1,437,500
2325 E 5th St, Brooklyn 1,260 09/09/2025
2327 E 5th St, Brooklyn 1,260 08/19/1991
512 Gravesend Neck Rd, Brooklyn 3,487 07/09/2018
2277 E 5th St, Brooklyn 2,180 09/17/2024
2315 E 5th St, Brooklyn 1,450 06/28/1993
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