New York City » 11223 » Lake St » 503 Lake St

Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223 - Property report

Also known as: 503 Lake St

Property image for Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223

Property type

Other Private School (W8)

Year built

2002

Lot sq. ft.

7,560

General information

Address

Building name

Big Apple Institute

Primary address

Big Apple Institute - 503 Lake Street

Alternate address(es)

503-507 Lake St
503-509 Lake St

ZIP code

11223

Neighborhood

Gravesend

Borough

Brooklyn

Block & lot

07170-0053

Building

Property type

Other Private School (W8)

Building sq. ft.

20,230

Building dimensions

66 ft x 79 ft

Buildings on lot

Stories

Year built

2002

Building material

Tax

Tax year

2026-2027

Property tax

$157,355

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Commercial units

Lot

Lot dimensions

84.42 ft x 90 ft

Lot sq. ft.

7,560

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

0.75 Miles

Closest fire station

0.81 Miles

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

Ownership

Ownership information for Big Apple Institute - 503 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 Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/19/2022 - R	Initial UCC1 (2022090900992001)	XXXX XXXX XXXXXX XXX	XXX XXXXXXXXX XXXX
06/21/2022 - R	UCC3 Amendment (2022062000148001)	XXXX XXXX XXXXXX XXX	XXXXXX XXXX
06/14/2022 - R	UCC3 Amendment (2022060901037001)	XXXX XXXX XXXXXX XXX	XXXXXX XXXX
07/26/2023 - R 09/01/2020 - D	Memorandum of Lease (2023072400791001)	XXXXXX XXXXXX XXXXXX XXX	XXX XXXXX XXXXXXXXX XXX
02/05/2019 - R 09/25/2017 - D	Satisfaction of Mortgage (2019011700300003)	XXXXXXXXX XXXX X X	XXXXXX XXXXXX XXXXXX XXX
06/28/2017 - R	Initial Coop UCC1 (2017062701331003)	XXXX XXXX XXXXXX XXX	XXXXXX XXXX
06/28/2017 - R	Initial UCC1 (2017062701331002)	XXXX XXXX XXXXXX XXX	XXXXXX XXXX
02/05/2019 - R 06/13/2017 - D	Termination of Assign of L&R (2019011700300002)	XXXXXXXXX XXXX X X	XXXXXX XXXXXX XXXXXX XXX
02/05/2019 - R 06/13/2017 - D	Termination of Assign of L&R (2019011700300001)	XXXXXXXXX XXXX X X	XXXXXX XXXXXX XXXXXX XXX
06/28/2017 - R 06/13/2017 - D	Termination of Assign of L&R (2017062700260005)	XXXXXXXXX XXXX X X	XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Big Apple Institute - 503 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

$157,355

Municipal exemptions

Recent tax assessments

Market value

$4,147,000

Assessed value

$1,866,150

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	$4,047,000	$1,821,150	$1,279,530	10.848%	$185,579	$138,803	+16.24%
2024/25	$3,988,000	$1,794,600	$1,109,570	10.762%	$181,285	$119,412	+17.81%
2023/24	$3,908,000	$1,758,600	$956,920	10.592%	$177,476	$101,357	+19.63%
2022/23	$3,685,000	$1,658,250	$795,870	10.646%	$176,537	$84,728	+53.01%
2021/22	$3,380,000	$1,521,000	$514,890	10.755%	$163,584	$55,376	-8.56%
2020/21	$4,164,000	$1,873,800	$566,270	10.694%	$183,521	$60,557	+60.69%
2019/20	$4,041,000	$1,818,450	$357,660	10.537%	$173,990	$37,687	+160.31%
2018/19	$3,883,000	$1,747,350	$137,700	10.514%	$162,603	$14,478	0.00%
2017/18	$3,657,000	$1,645,650	$137,700	10.514%	$153,091	$14,478	-0.57%
2016/17	$3,475,000	$1,563,750	$137,700	10.574%	$151,043	$14,560	-0.77%

Permits

Permit information for Big Apple Institute - 503 Lake Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
11/15/2024	Subdivision: condo
02/13/2003	New building
02/11/2003	New building
09/10/2002	Place of assembly
09/10/2002	Place of assembly

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	12/26/2014	E-elevator
	10/01/2012	Evcat1-elevator annual inspection / test
	08/15/2012	Acc1-(other BLDGS types) - elevator affirmation of correction

*Most recent DOB violations on record 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 & Avenue X at NW Corner

Station lines

Distance (miles)

0.068

View subway map

Access the detailed traffic volume map for Big Apple Institute - 503 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

Nearby ZIP codes for Big Apple Institute - 503 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 Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223?

The development at Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223 was built in 2002.

What is the total square footage of Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223?

Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223 has a total of 20,230 square feet.

What is the assessed value of Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223?

Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223 is currently assessed at $1,866,150.

What are the property taxes for Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223?

The property taxes for Big Apple Institute - 503 Lake Street, Brooklyn, NY 11223 total $157,354.

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.