New York City » 11223 » Lake St » 508 Lake St

508 Lake Street, Brooklyn, NY 11223 - Property report

Also known as: 508 Lake St

Property image for 508 Lake Street, Brooklyn, NY 11223

Property type

Two Stories Detached (Small or Moderate Size, with or without Attic) (A1)

Year built

1901

Lot sq. ft.

2,843

Sale price

$907,000

General information

Address

Primary address

508 Lake Street

ZIP code

11223

Neighborhood

Gravesend

Borough

Brooklyn

Block & lot

07169-0017

Building

Property type

Two Stories Detached (Small or Moderate Size, with or without Attic) (A1)

Building sq. ft.

1,345

Building dimensions

23 ft x 25 ft

Buildings on lot

Stories

Year built

1901

Building material

Frame

Exterior wall

Composition

Basement

Sales

Sale date

04/13/2023

Sale price

$907,000 - M

Tax

Tax year

2026-2027

Property tax

$6,142

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Lake Street (narrow)

Nearest wide street

86 Street

Distance to wide street

Lot dimensions

34.25 ft x 83 ft

Lot sq. ft.

2,843

Area overview

Walk score

91 /100. Walker's Paradise

Transit score

97 /100. Rider's Paradise

Bike score

67 /100. Bikeable

School district

Community district

Closest police station

0.78 Miles

Closest fire station

0.84 Miles

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

Ownership

Ownership information for 508 Lake Street, 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 508 Lake Street, Brooklyn, NY 11223

Sale date	Sale price	Buyer name	Seller name
04/13/2023	$907,000	XXXXX, XXXXX XXX XXXX, XXXXX XX XXX	XXXXXX, XXXXXX X XXX XXXXXX, XXXXX XXX XXXXXX, XXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/03/2023 - R 04/27/2023 - D	Satisfaction of Mortgage (2023050200383001)	XXXXXX XXXXXX X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
04/27/2023 - R 04/13/2023 - D	Mortgage (2023041800473002)	XXXXX XXXXX	XXXX
04/27/2023 - R 04/13/2023 - D	Deed (2023041800473001)	XXXXXX XXXXXX X	XXXXX XXXXX
03/08/2021 - R 12/28/2020 - D	Agreement (2021022200268002)	XXXXXX XXXXXX X	XXXX
03/08/2021 - R 12/28/2020 - D	Mortgage (2021022200268001)	XXXXXX XXXXXX X	XXXX
08/09/2018 - R 07/25/2018 - D	Agreement (2018080300794002)	XXXXXX XXXXXX X	XXXX
08/09/2018 - R 07/25/2018 - D	Mortgage (2018080300794001)	XXXXXX XXXXXX X	XXXX
04/30/2015 - R 02/03/2015 - D	Agreement (2015042400897004)	XXXXXX XXXXXX X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
04/30/2015 - R 02/03/2015 - D	Mortgage (2015042400897003)	XXXXXX XXXXXX X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
04/30/2015 - R 12/31/2014 - D	Assignment, Mortgage (2015042400897002)	XXXX XX XXXXXXX X X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 508 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

$6,142

Municipal exemptions

Recent tax assessments

Market value

$1,318,000

Assessed value

$79,080

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	$1,082,000	$64,920	$30,025	19.843%	$5,958	$5,958	+4.55%
2024/25	$1,169,000	$70,140	$28,373	20.085%	$5,699	$5,699	+10.46%
2023/24	$1,033,000	$61,980	$25,686	20.085%	$5,440	$5,159	+4.39%
2022/23	$1,122,000	$67,320	$24,335	20.309%	$5,239	$4,942	+1.65%
2021/22	$1,111,000	$66,660	$24,355	19.963%	$5,149	$4,862	-2.15%
2020/21	$929,000	$55,740	$23,611	21.045%	$5,266	$4,969	+5.53%
2019/20	$900,000	$54,000	$22,244	21.167%	$5,005	$4,708	+16.55%
2018/19	$730,000	$43,800	$19,312	20.919%	$4,722	$4,040	+8.38%
2017/18	$852,000	$51,120	$18,286	20.385%	$4,382	$3,728	+2.93%
2016/17	$719,000	$43,140	$18,116	19.991%	$4,297	$3,622	+6.37%

Permits

Permit information for 508 Lake Street, Brooklyn, NY

No recently recorded permits 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

McDonald Ave & Avenue X at NW Corner

Station lines

Distance (miles)

0.08

View subway map

Access the detailed traffic volume map for 508 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	0.31
Big Apple Academy	NR	No	Private	TK-8	888	0.05
Big Apple Academy	NR	No	Private	TK-8	888	0.05
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	0.32
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.38
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.38
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.54
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	0.65
Big Apple Academy	NR	No	Private	TK-8	888	0.05
P.S. 95 The Gravesend	7	No	Public	K-8	940	0.31
P.S. 721 Brooklyn Occupational Training Center	NR	No	Public	K-3, 5-7, 9-12	454	0.32
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.38
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.54
Ahi Ezer Yeshiva School	NR	No	Private	PK-8	149	0.57
Kingsborough Early College School	7	No	Public	6-12	743	0.61
Is 303 Herbert S Eisenberg	4	No	Public	6-8	383	0.63
Coney Island Preparatory Public Charter School	5	No	Charter	K-12	1,253	0.63

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	0.32
John Dewey High School	4	No	Public	9-12	2,150	0.41
Yeshivat Magen Abraham	NR	No	Private	9-12	39	0.52
High School Of Sports Management	2	No	Public	9-12	338	0.61
Life Academy High School For Film And Music	4	No	Public	9-12	251	0.61
Kingsborough Early College School	7	No	Public	6-12	743	0.61
Leaders High School	6	No	Public	9-12	372	0.61
International High School At Lafayette	2	No	Public	9-12	353	0.61
Rachel Carson High School For Coastal Studies	5	No	Public	9-12	595	0.62
Harma Inst of Secondary Education	NR	No	Private	12	0	0.62

Nearby ZIP codes for 508 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 508 Lake Street, Brooklyn, NY 11223?

The development at 508 Lake Street, Brooklyn, NY 11223 was built in 1901.

What is the total square footage of 508 Lake Street, Brooklyn, NY 11223?

508 Lake Street, Brooklyn, NY 11223 has a total of 1,345 square feet.

When was 508 Lake Street, Brooklyn, NY 11223 last sold and what was the sale price?

508 Lake Street, Brooklyn, NY 11223 was last sold on 04/13/2023 for $907,000.

What is the assessed value of 508 Lake Street, Brooklyn, NY 11223?

508 Lake Street, Brooklyn, NY 11223 is currently assessed at $79,080.

What are the property taxes for 508 Lake Street, Brooklyn, NY 11223?

The property taxes for 508 Lake Street, Brooklyn, NY 11223 total $6,142.

How many residential units does this building have?

This building has 1 residential unit(s).

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.