New York City  »  11223  »  Lake St  »  502 Lake St

502 Lake Street, Brooklyn, NY 11223 - Property report

Also known as: 502 Lake St

Property image for 502 Lake Street, Brooklyn, NY 11223
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Property type

Two Family Converted from One Family (B3)

Year built

1901

Lot sq. ft.

2,706

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
502 Lake Street
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
07169-0014

Owner

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Building
Property type
Two Family Converted from One Family (B3)
Building sq. ft.
2,511
Building dimensions
18 ft x 26 ft
Buildings on lot
1
Stories
2
Year built
1901
Building material
Frame
Exterior wall
Aluminum/Vinyl
Basement
4
Tax
Tax year
2026-2027
Property tax
$7,166
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)
Lake Street (narrow)
Nearest wide street
Avenue W
Distance to wide street
Lot dimensions
34.25 ft x 79 ft
Lot sq. ft.
2,706

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
97 /100.  Rider's Paradise
Bike score
67 /100.  Bikeable
School district
21
Community district
15
Closest police station
0.77 Miles
Closest fire station
0.83 Miles

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

Ownership

Ownership information for 502 Lake Street, Brooklyn, NY

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

Sales history for 502 Lake Street, Brooklyn, NY 11223

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/28/2009 - R
01/19/2009 - D		 Satisfaction of Mortgage
(2009012000045001)		 XXXXXXXXX XXXXX
02/21/2007 - R
02/02/2007 - D		 Assignment, Mortgage
(2007020900207001)		 XXXXXXXXXX XXXXXX XXXX XX XXXXX XXXXX XXX X XX
02/15/1994 - R Mortgage
(3280004154228)		 XXXXXXXXX XXXXX XXXXXXX XXXXXXX XXXX
11/08/1993 - R Satisfaction of Mortgage
(3880001813588)		 XX XXXXXXX XXXXX XXXXXXX XXXX XX
01/18/1974 - R Sundry Agreement
(37430068501510)		 XXXXXXX XXXXXXX XXXX
09/25/1973 - R Mortgage
(37330066100251)		 XXXXXXXXX XXXXX XXXXXXX XXXX XX
02/17/1970 - R Mortgage
(37030039400780)		 XXXXXXXXX XXXXX XXXXXXX XXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 502 Lake Street, 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
$7,166
Municipal exemptions
Recent tax assessments
Market value
$1,572,000
Assessed value
$94,320

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 $1,368,000 $82,080 $34,086 19.843% $7,045 $6,764 +4.60%
2024/25 $1,609,000 $96,540 $32,194 20.085% $6,735 $6,466 +5.85%
2023/24 $1,422,000 $85,320 $30,414 20.085% $6,390 $6,109 +5.03%
2022/23 $1,464,000 $87,840 $28,637 20.309% $6,112 $5,816 +1.66%
2021/22 $1,567,000 $94,020 $28,657 19.963% $6,008 $5,721 -3.53%
2020/21 $1,333,000 $79,980 $28,178 21.045% $6,227 $5,930 +5.54%
2019/20 $1,219,000 $73,140 $26,545 21.167% $5,915 $5,619 +7.22%
2018/19 $877,000 $52,620 $25,052 20.919% $5,546 $5,241 +8.88%
2017/18 $901,000 $54,060 $23,611 20.385% $5,113 $4,813 +2.32%
2016/17 $897,000 $53,820 $23,531 19.991% $5,014 $4,704 +4.25%
Permits

Permit information for 502 Lake Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
10/01/1993 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

Gravesend residential market stats

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

Median sale price

$650,000

7% Y-o-Y

Median price/sq. ft.

$783

17.2% 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
2

Subway & traffic

Closest station
McDonald Ave & Avenue X at NW Corner
Station lines
F
Distance (miles)
0.09
View subway map

Access the detailed traffic volume map for 502 Lake Street, 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. 95 The Gravesend 7 Yes Public K-8 940 0.30
Big Apple Academy NR No Private TK-8 888 0.06
Big Apple Academy NR No Private TK-8 888 0.06
P.S. 216 Arturo Toscanini 6 No Public PK, K-5 690 0.30
P.S. 216 Arturo Toscanini 6 No Public PK, K-5 690 0.30
P.S. 721 Brooklyn Occupational Training Center NR No Public K-3, 5-7, 9-12 454 0.33
Our Lady of Grace Catholic Academy NR No Private PK-8 185 0.37
Our Lady of Grace Catholic Academy NR No Private PK-8 185 0.37
Sts. Simon & Jude Elementary School NR No Private PK, K-8 0 0.53
P.S. 212 Lady Deborah Moody 5 No Public PK, K-5 586 0.61
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 0.64
Big Apple Academy NR No Private TK-8 888 0.06
P.S. 95 The Gravesend 7 No Public K-8 940 0.30
P.S. 721 Brooklyn Occupational Training Center NR No Public K-3, 5-7, 9-12 454 0.33
Our Lady of Grace Catholic Academy NR No Private PK-8 185 0.37
Sts. Simon & Jude Elementary School NR No Private PK, K-8 0 0.53
Ahi Ezer Yeshiva School NR No Private PK-8 149 0.57
Kingsborough Early College School 7 No Public 6-12 743 0.60
Yeshivat Darche Eres Inc NR No Private PK-12 494 0.63
Is 303 Herbert S Eisenberg 4 No Public 6-8 383 0.64
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 721 Brooklyn Occupational Training Center NR No Public K-3, 5-7, 9-12 454 0.33
John Dewey High School 4 No Public 9-12 2,150 0.42
Yeshivat Magen Abraham NR No Private 9-12 39 0.53
High School Of Sports Management 2 No Public 9-12 338 0.60
International High School At Lafayette 2 No Public 9-12 353 0.60
Life Academy High School For Film And Music 4 No Public 9-12 251 0.60
Leaders High School 6 No Public 9-12 372 0.60
Kingsborough Early College School 7 No Public 6-12 743 0.60
Harma Inst of Secondary Education NR No Private 12 0 0.62
Rachel Carson High School For Coastal Studies 5 No Public 9-12 595 0.63

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

Neighbors for 502 Lake Street, Brooklyn, NY

2925 86th St, Brooklyn 520 Lake St, Brooklyn 524 Lake St, Brooklyn 2881 86th St, Brooklyn 506 Lake St, Brooklyn 507 Van Sicklen St, Brooklyn 505 Van Sicklen St, Brooklyn 490 Lake St, Brooklyn 508 Lake St, Brooklyn 516 Lake St, Brooklyn 220 Avenue W, Brooklyn 218 Avenue W, Brooklyn 2885 86th St, Brooklyn 2889 86th St, Brooklyn 2911 86th St, Brooklyn 2879 86th St, Brooklyn 522 Van Sicklen St, Brooklyn 518 Lake St, Brooklyn 488 Lake St, Brooklyn 499 Van Sicklen St, Brooklyn

Nearby ZIP codes for 502 Lake Street, 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 Lake Street, Brooklyn, NY 11223?

The development at 502 Lake Street, Brooklyn, NY 11223 was built in 1901.

What is the total square footage of 502 Lake Street, Brooklyn, NY 11223?

502 Lake Street, Brooklyn, NY 11223 has a total of 2,511 square feet.

What is the assessed value of 502 Lake Street, Brooklyn, NY 11223?

502 Lake Street, Brooklyn, NY 11223 is currently assessed at $94,320.

What are the property taxes for 502 Lake Street, Brooklyn, NY 11223?

The property taxes for 502 Lake Street, Brooklyn, NY 11223 total $7,166.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

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