New York City  »  11229  »  Avenue V  »  1242 Avenue V

1242 Avenue V, Brooklyn, NY 11229 - Property report

Also known as: 1242 Avenue V

Property image for 1242 Avenue V, Brooklyn, NY 11229
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Property type

One Family Attached or Semi-Detached (A5)

Year built

1950

Lot sq. ft.

1,446

Sale price

$499,950

General information

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Address
Primary address
1242 Avenue V
ZIP code
11229
Neighborhood
Sheepshead Bay
Borough
Brooklyn
Block & lot
07373-0006

Owner

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Building
Property type
One Family Attached or Semi-Detached (A5)
Building sq. ft.
1,744
Building dimensions
18 ft x 36 ft
Buildings on lot
1
Stories
2
Year built
1950
Building material
C Blck + Brick
Exterior wall
Brick/Masonary
Basement
4
Garage type
Basement Garage
Sales
Sale date
07/06/2009
Sale price
$499,950
Tax
Tax year
2026-2027
Property tax
$8,045
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
1
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Avenue V (wide)
Distance to wide street
Lot dimensions
18 ft x 80.33 ft
Lot sq. ft.
1,446

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
85 /100.  Excellent Transit
Bike score
64 /100.  Bikeable
School district
21
Community district
15
Closest police station
0.16 Miles
Closest fire station
0.23 Miles

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

Ownership

Ownership information for 1242 Avenue V, Brooklyn, NY

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

Sales history for 1242 Avenue V, Brooklyn, NY 11229

Sale date Sale price Buyer name Seller name
07/06/2009 $499,950 XXXXXX, XXXX XXXXX, XXXXX
06/10/2005 $575,500 XXXXX, XXXXX XXXXXXX, XXXXXXX
11/12/2003 $535,000 XXXXXXX, XXXXXXX XXXXX XXXXXXX XXXXXXXXX XXXXXX XX XXX XXXXXXXX XX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/14/2025 - R
07/07/2025 - D		 Satisfaction of Mortgage
(2025070800997001)		 XXXXXX XXXX XXXX XX XXXXXXX X X
12/04/2013 - R
09/04/2013 - D		 Agreement
(2013100800167003)		 XXXXXX XXXX XXXX XX XXXXXXX X X
12/04/2013 - R
09/04/2013 - D		 Mortgage
(2013100800167002)		 XXXXXX XXXX XXXX XX XXXXXXX X X
12/04/2013 - R
07/31/2013 - D		 Assignment, Mortgage
(2013100800167001)		 XXXX XX XXXXXXX X X XXXX XX XXXXXXX X X
07/29/2009 - R
07/20/2009 - D		 Satisfaction of Mortgage
(2009072000431001)		 XXXXX XXXXX XXXXXXX XXXX XXX
07/17/2009 - R
07/07/2009 - D		 Mortgage
(2009070800724002)		 XXXXXX XXXX XXXX XX XXXXXXX X X
07/17/2009 - R
07/06/2009 - D		 Deed
(2009070800724001)		 XXXXX XXXXX XXXXXX XXXX
09/29/2005 - R
08/11/2005 - D		 Satisfaction of Mortgage
(2005091900647001)		 XXXXXXX XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
06/24/2005 - R
06/10/2005 - D		 Mortgage
(2005061502041002)		 XXXXX XXXXX
06/24/2005 - R
06/10/2005 - D		 Deed
(2005061502041001)		 XXXXXXX XXXXXXX XXXXX XXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1242 Avenue V, 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
$8,045
Municipal exemptions
Recent tax assessments
Market value
$1,096,000
Assessed value
$65,760

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 $1,095,000 $65,700 $38,263 19.843% $7,593 $7,593 +4.67%
2024/25 $954,000 $57,240 $36,116 20.085% $7,254 $7,254 +5.00%
2023/24 $1,050,000 $63,000 $34,396 20.085% $6,908 $6,908 -0.06%
2022/23 $1,150,000 $69,000 $34,038 20.309% $6,913 $6,913 +2.50%
2021/22 $917,000 $55,020 $33,785 19.963% $6,744 $6,744 +0.50%
2020/21 $914,000 $54,840 $31,886 21.045% $6,710 $6,710 +5.33%
2019/20 $939,000 $56,340 $30,097 21.167% $6,371 $6,371 +6.25%
2018/19 $744,000 $44,640 $28,663 20.919% $5,996 $5,996 +3.70%
2017/18 $705,000 $42,300 $28,365 20.385% $5,782 $5,782 +2.74%
2016/17 $627,000 $37,620 $28,154 19.991% $5,628 $5,628 +8.32%
Permits

Permit information for 1242 Avenue V, 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

Homecrest residential market stats

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

Median sale price

$655,000

-11.1% Y-o-Y

Median price/sq. ft.

$654

-5% 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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
3

Subway & traffic

Closest station
15th St & Gravesend Neck Rd at NE Corner
Station lines
B-Q
Distance (miles)
0.185
View subway map

Access the detailed traffic volume map for 1242 Avenue V, Brooklyn, NY 11229 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. 153 Homecrest 6 Yes Public PK, K-5 486 0.35
P.S. 153 Homecrest 6 Yes Public PK, K-5 486 0.35
Yeshivat Or Hatorah NR No Private PK, K-12 44 0.13
Yeshivat Or Hatorah NR No Private PK, K-12 44 0.13
Windmill Montessori School NR No Private PK-8 99 0.34
Windmill Montessori School NR No Private PK-8 99 0.34
Nefesh Academy NR No Private K-12 0 0.38
P.S. 254 Dag Hammarskjold 8 No Public PK, K-5 655 0.50
P.S. 254 Dag Hammarskjold 8 No Public PK, K-5 655 0.50
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 234 Arthur W Cunningham 8 Yes Public 6-8 1,342 0.59
Yeshivat Or Hatorah NR No Private PK, K-12 44 0.13
Windmill Montessori School NR No Private PK-8 99 0.34
Nefesh Academy NR No Private K-12 0 0.38
Yeshivat Ohel Torah NR No Private PK-8 199 0.38
St Edmund Elementary School NR No Private PK-8 187 0.45
P.S. 206 Joseph F Lamb 5 No Public K-8 1,512 0.53
P.S. 209 Margaret Mead 6 No Public PK, K-8 729 0.68
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Yeshivat Or Hatorah NR No Private PK, K-12 44 0.13
Torah Academy High School NR No Private 9-12 12 0.28
Torah Academy High School NR No Private 9-12 16 0.29
Harma Inst of Secondary Education NR No Private 12 0 0.37
Nefesh Academy NR No Private 9-12 24 0.38

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

Neighbors for 1242 Avenue V, Brooklyn, NY

2214 E 13th St, Brooklyn 2216 E 13th St, Brooklyn 2220 E 13th St, Brooklyn 2222 E 13th St, Brooklyn 1236 Avenue V, Brooklyn 1246 Avenue V, Brooklyn 2226 E 13th St, Brooklyn 1240 Avenue V, Brooklyn 1244 Avenue V, Brooklyn 1230 Avenue V, Brooklyn 2213 E 12th St, Brooklyn 2221 E 12th St, Brooklyn 1252 Avenue V, Brooklyn 2212 E 13th St, Brooklyn 1238 Avenue V, Brooklyn 2215 E 12th St, Brooklyn 2227 E 12th St, Brooklyn 2228 E 13th St, Brooklyn 1232 Avenue V, Brooklyn 2217 E 12th St, Brooklyn

Nearby ZIP codes for 1242 Avenue V, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11210, New York City, NY 11212, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11223, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11234, New York City, NY 11235, New York City, NY 11236, New York City, NY 11239, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 1242 Avenue V, Brooklyn, NY 11229?

The development at 1242 Avenue V, Brooklyn, NY 11229 was built in 1950.

What is the total square footage of 1242 Avenue V, Brooklyn, NY 11229?

1242 Avenue V, Brooklyn, NY 11229 has a total of 1,744 square feet.

When was 1242 Avenue V, Brooklyn, NY 11229 last sold and what was the sale price?

1242 Avenue V, Brooklyn, NY 11229 was last sold on 07/06/2009 for $499,950.

What is the assessed value of 1242 Avenue V, Brooklyn, NY 11229?

1242 Avenue V, Brooklyn, NY 11229 is currently assessed at $65,760.

What are the property taxes for 1242 Avenue V, Brooklyn, NY 11229?

The property taxes for 1242 Avenue V, Brooklyn, NY 11229 total $8,044.

How many residential units does this building have?

This building has 1 residential unit(s).

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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.

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