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502 Lake Street, Brooklyn, NY 11223 Property Information

502 Lake Street, Brooklyn, NY 11223 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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502 Lake Street, Brooklyn, NY 11223 1
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Address

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

Sales & Tax Overview for 502 Lake Street, Brooklyn

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Tax class

Lot & Building Information for 502 Lake Street, Brooklyn

Lot sq. ft. 2,706
Lot dimensions 34.25 ft x 79 ft
Property type Two Family Converted from One Family (B3)
Building sqft 2,511
Building dimensions 18 ft x 26 ft
Buildings on lot 1
Stories 2
Structure type Old style
Building material Frame
Exterior wall Aluminum/vinyl
Basement type Full
Year built 1901
Frontage Lake Street (narrow)
Nearest wide street Avenue W
Distance to wide street
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Zoning & Use for 502 Lake Street, Brooklyn

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 21
Community district 15
Closest police station 0.77 Miles
Closest fire station 0.83 Miles

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

Other Property Data for 502 Lake Street, Brooklyn

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

About 502 Lake Street, Brooklyn

What is the year built & the total sq. ft. for 502 Lake Street, Brooklyn, NY 11223?

502 Lake Street, Brooklyn, NY 11223 was built in 1901 and has a total of 2,511 square feet.

What is the assessed value of 502 Lake Street, Brooklyn, NY 11223 and the property tax paid?

Assessed at $94,320, the tax amount paid for 502 Lake Street, Brooklyn, NY 11223 is $7,166.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 502 Lake Street, Brooklyn

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Property owner name for 502 Lake Street, Brooklyn, NY 11223
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Building contacts for 502 Lake Street, Brooklyn, NY 11223
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 502 Lake Street, Brooklyn

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No recorded sales for this property.

Title Documents for 502 Lake Street, 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
01/28/2009 - R
01/19/2009 - D
Satisfaction of Mortgage
(2009012000045001)
02/21/2007 - R
02/02/2007 - D
Assignment, Mortgage
(2007020900207001)
02/15/1994 - R Mortgage
(3280004154228)
11/08/1993 - R Satisfaction of Mortgage
(3880001813588)
01/18/1974 - R Sundry Agreement
(37430068501510)
09/25/1973 - R Mortgage
(37330066100251)
02/17/1970 - R Mortgage
(37030039400780)
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R: Recorded date
D: Document date

Property Taxes for 502 Lake Street, Brooklyn

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

Tax year: 2026-2027
Property tax: $7,166
Tax assessor's market value: $1,572,000
Assessed value: $94,320

Assessment History for 502 Lake Street, Brooklyn

Here's the assessment & property tax history for 502 Lake Street, 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 $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%

Permits for 502 Lake Street, Brooklyn

The complete history of permits filed for 502 Lake Street, 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.

Filing date Job type Job status Job description Initial cost
10/01/1993 Alteration type 2
         
         
         
         
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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
$670,000
26.1% YoY
Median Price/Sqft
$761
15.6% YoY
Brooklyn Median Sale Price
$885,000
2.5% 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 & Avenue X at NW Corner
Station lines F
Distance (miles) 0.09
View subway 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

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

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

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 502 Lake Street, Brooklyn

Here are the neighbors for 502 Lake Street, Brooklyn, NY 11223.

Address Square feet Purchase date Purchase price
2925 86th St, Brooklyn 2,583 08/26/2019
520 Lake St, Brooklyn 1,182 06/07/2013 $10
524 Lake St, Brooklyn 3,096 06/07/2013 $10
2881 86th St, Brooklyn 1,440 05/08/2017 $788,000
506 Lake St, Brooklyn 1,618 07/28/2015 $770,000
507 Van Sicklen St, Brooklyn 2,520 09/09/2002
505 Van Sicklen St, Brooklyn 2,082 08/01/2007 $430,000
490 Lake St, Brooklyn 1,056 01/03/2022 $865,000
508 Lake St, Brooklyn 1,345 04/13/2023 $907,000
516 Lake St, Brooklyn 1,088 08/30/1967
220 Avenue W, Brooklyn 2,464 04/17/2018 $1,120,000
218 Avenue W, Brooklyn 2,464 02/24/2017 $1,130,000
2885 86th St, Brooklyn 1,440 02/12/2019 $850,000
2889 86th St, Brooklyn 3,450 06/11/2014
2911 86th St, Brooklyn 77,000 08/30/2011
2879 86th St, Brooklyn 2,160 08/02/2023
522 Van Sicklen St, Brooklyn 1,296 09/22/1987
518 Lake St, Brooklyn 1,106 04/03/2008
488 Lake St, Brooklyn 1,680 11/01/2022
499 Van Sicklen St, Brooklyn 2,222 12/11/2015 $1
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