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

502 Gravesend Neck Road, Brooklyn, NY 11223 - Property report

Also known as: 2289-2297 E 5th St

Property image for 502 Gravesend Neck Road, Brooklyn, NY 11223

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Year built

1931

Lot sq. ft.

1,738

Sale price

$1,750,000

General information

Address

Primary address

502 Gravesend Neck Road

Alternate address(es)

2289-2297 E 5th St
502 A Gravesend Neck Rd
502 Neck Rd

ZIP code

11223

Neighborhood

Gravesend

Borough

Brooklyn

Block & lot

07157-0070

Building

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Building sq. ft.

3,460

Building dimensions

22.75 ft x 81 ft

Buildings on lot

Stories

Year built

1931

Last altered

1994

Building material

Sales

Sale date

03/02/2022

Sale price

$1,750,000

Tax

Tax year

2026-2027

Property tax

$12,938

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

22.67 ft x 81.5 ft

Lot sq. ft.

1,738

Area overview

Walk score

91 /100. Walker's Paradise

Transit score

92 /100. Rider's Paradise

Bike score

79 /100. Very Bikeable

School district

Community district

Closest police station

0.28 Miles

Closest fire station

0.34 Miles

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

Ownership

Ownership information for 502 Gravesend Neck Road, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 502 Gravesend Neck Road, Brooklyn, NY 11223

Sale date	Sale price	Buyer name	Seller name
03/02/2022	$1,750,000	XXX XX XXX	XXXXXXXX, XXXXXXX, XXXXXX X XXX XXXXXXXX, XXXXXXX, XXXXX X XXX XXXX XXXXXX XXXXX XXX XXXXX X XXXXXXXX XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/22/2023 - R 10/31/2023 - D	Assignment, Mortgage (2023112000555002)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
11/22/2023 - R 10/31/2023 - D	Assignment, Mortgage (2023112000555001)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
03/17/2022 - R 03/02/2022 - D	Agreement (2022031000400004)	XXX XX XXX	XXXXX XXXXXXXX XXXX
03/17/2022 - R 03/02/2022 - D	Assignment of Leases and Rents (2022031000400003)	XXX XX XXX	XXXXX XXXXXXXX XXXX
03/17/2022 - R 03/02/2022 - D	Mortgage (2022031000400002)	XXX XX XXX	XXXXX XXXXXXXX XXXX
03/17/2022 - R 03/02/2022 - D	Deed (2022031000400001)	XXXXXXXX XXXXXXX XXXXXX X	XXX XX XXX
01/08/2021 - R 12/15/2020 - D	Deed (2021010500585001)	XXXXXX X XXXXXXXX XXXXXXX	XXXXXX X XXXXXXXX XXXXXXX
02/20/2018 - R 09/13/2017 - D	Deed (2018012301249001)	XXXXXXXX XXXXX X	XXXXX X XXXXXXXX XXXXX XXXXX XXXXXXXXX XX XXXX
08/01/2014 - R 05/13/2014 - D	Deed (2014051300446001)	XXXXXXXX XXXXXX X	XXXXXX X XXXXXXXX XX XXXXXXX
02/05/2007 - R 11/15/2006 - D	Deed (2007012501841001)	XXXXXX X XXXXXX X XXXXXXXX XXX XXX XXX XXXXX	XXXXXXXX XXXX XXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 502 Gravesend Neck Road, 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

$12,938

Municipal exemptions

Recent tax assessments

Market value

$1,084,000

Assessed value

$487,800

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	$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%
2020/21	$731,000	$328,950	$80,007	12.267%	$9,814	$9,814	+1.50%
2019/20	$723,600	$325,620	$77,525	12.473%	$9,670	$9,670	+6.81%
2018/19	$603,000	$271,350	$71,783	12.612%	$9,053	$9,053	+7.09%
2017/18	$569,000	$256,050	$66,467	12.719%	$8,454	$8,454	+6.55%
2016/17	$455,000	$204,750	$61,544	12.892%	$7,934	$7,934	+0.07%

Permits

Permit information for 502 Gravesend Neck Road, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Listings

Neighborhood

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

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

McDonald Ave & Gravesend Neck Rd at SE Corner

Station lines

Distance (miles)

0.387

View subway map

Access the detailed traffic volume map for 502 Gravesend Neck Road, 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

Nearby ZIP codes for 502 Gravesend Neck Road, 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 502 Gravesend Neck Road, Brooklyn, NY 11223?

The development at 502 Gravesend Neck Road, Brooklyn, NY 11223 was built in 1931.

What is the market value of 502 Gravesend Neck Road, Brooklyn, NY 11223?

The current market value of 502 Gravesend Neck Road, Brooklyn, NY 11223 is $1,084,000.

What is the total square footage of 502 Gravesend Neck Road, Brooklyn, NY 11223?

502 Gravesend Neck Road, Brooklyn, NY 11223 has a total of 3,460 square feet.

What is the price per square foot for this property?

$505 per square foot is the price for 502 Gravesend Neck Road, Brooklyn, NY 11223.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.