New York City » 11223 » Avenue Y » 500 Avenue Y

500 Avenue Y, Brooklyn, NY 11223 - Property report

Also known as: 500 Avenue Y

Property image for 500 Avenue Y, Brooklyn, NY 11223

Property type

Two Family Converted from One Family (B3)

Year built

1930

Lot sq. ft.

2,000

Sale price

$640,000

General information

Address

Primary address

500 Avenue Y

Alternate address(es)

500 Garage Avenue Y
502 Avenue Y

ZIP code

11223

Neighborhood

Gravesend

Borough

Brooklyn

Block & lot

07219-0008

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

1,584

Building dimensions

16 ft x 52 ft

Buildings on lot

Stories

Year built

1930

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Garage type

Detached, Frame Garage

Sales

Sale date

07/31/2009

Sale price

$640,000

Tax

Tax year

2026-2027

Property tax

$8,907

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)

Avenue Y (wide)

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

89 /100. Very Walkable

Transit score

90 /100. Rider's Paradise

Bike score

75 /100. Very Bikeable

School district

Community district

Closest police station

0.50 Miles

Closest fire station

0.49 Miles

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

Ownership

Ownership information for 500 Avenue Y, 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 500 Avenue Y, Brooklyn, NY 11223

Sale date	Sale price	Buyer name	Seller name
07/31/2009	$640,000	XXXXXXXXXX, XXXXXX XXX XXXXXXX, XXXXX	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
07/28/2025 - R 07/09/2025 - D	Deed (2025072200662001)	XXXXXXX XXXXX	XXXXXX XXXXXXXXXX XX XXXXXXX
09/25/2020 - R 09/23/2020 - D	Satisfaction of Mortgage (2020092400115001)	XXXXXXX XXXXX	XXXXXXXX XXXXXXX XXX
10/30/2020 - R 08/26/2020 - D	Mortgage (2020102700799001)	XXXXXXX XXXXX	XXXXXXXXXXXXXXXX XXXXXXX XXXXX XXX
09/26/2012 - R 08/29/2012 - D	Agreement (2012091301135003)	XXXXXXX XXXXX	XXXX
09/26/2012 - R 08/29/2012 - D	Mortgage (2012091301135002)	XXXXXXX XXXXX	XXXX
09/26/2012 - R 08/23/2012 - D	Assignment, Mortgage (2012091301135001)	XXXXX XXXXX XXXX XX	XXXXXXXX XXXXXXX XXX
09/17/2009 - R 07/31/2009 - D	Mortgage (2009081300975002)	XXXXXXXXXX XXXXXX	XXXXX XXXXX XXXX XX
09/17/2009 - R 07/31/2009 - D	Deed (2009081300975001)	XXXXXXXX XXXXX	XXXXXXXXXX XXXXXX
02/13/2006 - R 01/30/2006 - D	Satisfaction of Mortgage (2006013002174001)	XXXXXXXX XXXXXXXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
11/06/2002 - R	Satisfaction of Mortgage (3410008958341)	XXXXXXXX XXXXX X	XXXX XXXXXXX XXXX XXXXX XXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 500 Avenue Y, 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

$8,907

Municipal exemptions

Recent tax assessments

Market value

$940,000

Assessed value

$56,400

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	$1,016,000	$60,960	$41,866	19.843%	$8,589	$8,307	+2.47%
2024/25	$930,000	$55,800	$40,365	20.085%	$8,376	$8,107	+5.79%
2023/24	$1,123,000	$67,380	$38,154	20.085%	$7,944	$7,663	+4.98%
2022/23	$946,000	$56,760	$35,944	20.309%	$7,596	$7,300	+1.68%
2021/22	$894,000	$53,640	$35,964	19.963%	$7,467	$7,179	-1.58%
2020/21	$944,000	$56,640	$34,662	21.045%	$7,591	$7,295	+3.32%
2019/20	$1,044,000	$62,640	$33,354	21.167%	$7,356	$7,060	+7.13%
2018/19	$810,000	$48,600	$31,502	20.919%	$6,895	$6,590	+8.85%
2017/18	$722,000	$43,320	$29,700	20.385%	$6,354	$6,054	+2.25%
2016/17	$656,000	$39,360	$29,620	19.991%	$6,231	$5,921	+6.33%

Permits

Permit information for 500 Avenue Y, 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.

$784

14.7% 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 NE Corner

Station lines

Distance (miles)

0.377

View subway map

Access the detailed traffic volume map for 500 Avenue Y, 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. 216 Arturo Toscanini	6	Yes	Public	PK, K-5	690	0.18
P.S. 216 Arturo Toscanini	6	Yes	Public	PK, K-5	690	0.18
Ahi Ezer Yeshiva School	NR	No	Private	PK-8	149	0.19
Ahi Ezer Yeshiva School	NR	No	Private	PK-8	149	0.19
P.S. 209 Margaret Mead	6	No	Public	PK, K-8	729	0.32
P.S. 209 Margaret Mead	6	No	Public	PK, K-8	729	0.32
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.33
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.33
Big Apple Academy	NR	No	Private	TK-8	888	0.42
Coney Island Preparatory Public Charter School	5	No	Charter	K-12	1,253	0.47

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Is 303 Herbert S Eisenberg	4	Yes	Public	6-8	383	0.47
Ahi Ezer Yeshiva School	NR	No	Private	PK-8	149	0.19
P.S. 209 Margaret Mead	6	No	Public	PK, K-8	729	0.32
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.33
Big Apple Academy	NR	No	Private	TK-8	888	0.42
Coney Island Preparatory Public Charter School	5	No	Charter	K-12	1,253	0.47
P.S. 95 The Gravesend	7	No	Public	K-8	940	0.65
P.S. 721 Brooklyn Occupational Training Center	NR	No	Public	K-3, 5-7, 9-12	454	0.70
P.S. 370	NR	No	Public	K-12	246	0.75
I.S. 98 Bay Academy	9	No	Public	6-8	1,488	0.77

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Abraham Lincoln High School	4	Yes	Public	9-12	2,129	0.39
Yeshivat Magen Abraham	NR	No	Private	9-12	39	0.12
Harma Inst of Secondary Education	NR	No	Private	12	0	0.35
William E Grady Career And Technical Education High School	3	No	Public	9-12	606	0.41
Coney Island Preparatory Public Charter School	5	No	Charter	K-12	1,253	0.47
Rachel Carson High School For Coastal Studies	5	No	Public	9-12	595	0.48
Yda Elite High School	NR	No	Private	9-12	0	0.58
P.S. 721 Brooklyn Occupational Training Center	NR	No	Public	K-3, 5-7, 9-12	454	0.70
John Dewey High School	4	No	Public	9-12	2,150	0.74
P.S. 370	NR	No	Public	K-12	246	0.75

Nearby ZIP codes for 500 Avenue Y, 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 500 Avenue Y, Brooklyn, NY 11223?

The development at 500 Avenue Y, Brooklyn, NY 11223 was built in 1930.

What is the total square footage of 500 Avenue Y, Brooklyn, NY 11223?

500 Avenue Y, Brooklyn, NY 11223 has a total of 1,584 square feet.

When was 500 Avenue Y, Brooklyn, NY 11223 last sold and what was the sale price?

500 Avenue Y, Brooklyn, NY 11223 was last sold on 07/31/2009 for $640,000.

What is the assessed value of 500 Avenue Y, Brooklyn, NY 11223?

500 Avenue Y, Brooklyn, NY 11223 is currently assessed at $56,400.

What are the property taxes for 500 Avenue Y, Brooklyn, NY 11223?

The property taxes for 500 Avenue Y, Brooklyn, NY 11223 total $8,906.

How many residential units does this building have?

This building has 2 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.