New York City » 11234 » Mill Ln » 5505 Mill Ln

5505 Mill Lane, Brooklyn, NY 11234 - Property report

Also known as: 5505 Mill Ln

Property image for 5505 Mill Lane, Brooklyn, NY 11234

Property type

Two Family Brick (B1)

Year built

1920

Lot sq. ft.

2,250

Sale price

$362,000

General information

Address

Primary address

5505 Mill Lane

ZIP code

11234

Neighborhood

Old Mill Basin

Borough

Brooklyn

Block & lot

07900-0030

Building

Property type

Two Family Brick (B1)

Building sq. ft.

1,456

Building dimensions

16 ft x 33 ft

Buildings on lot

Stories

Year built

1920

Building material

Cinder Block

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

03/17/2005

Sale price

$362,000

Tax

Tax year

2026-2027

Property tax

$6,995

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)

Mill Lane (narrow)

Nearest wide street

East 56 Street

Distance to wide street

Lot dimensions

24.17 ft x 95 ft

Lot sq. ft.

2,250

Area overview

Walk score

92 /100. Walker's Paradise

Transit score

78 /100. Excellent Transit

Bike score

61 /100. Bikeable

School district

Community district

Closest police station

1.22 Miles

Closest fire station

0.31 Miles

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

Ownership

Ownership information for 5505 Mill Lane, 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 5505 Mill Lane, Brooklyn, NY 11234

Sale date	Sale price	Buyer name	Seller name
03/17/2005	$362,000	XXXXXX, XXXXXXX	XXXX XXXXX, XXX.
06/28/2004	$285,000	XXXX XXXXX XXX.	XXXXXXXX, XXXXXXXXX XXX XXXXXXXX, XXXXXXXX XXX XXXXXXXX, XXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/26/2023 - R 09/20/2023 - D	Assignment, Mortgage (2023092200353001)	XXXXXXXX XXXX XXXXXXXXXX XXXXXXXX XXX	XXXXXXXXXXX XXXX XXXXXXXXX XXX
10/18/2018 - R 10/16/2018 - D	Assignment, Mortgage (2018101800417001)	XXXXXX XXX	XXXXXXXX XXXX XXXXXXXXXX XXXXXXXX XXX
05/15/2018 - R 01/10/2018 - D	Deed (2018042000885001)	XXXXXX XXXXX X	XXXXXX XXXXX X
01/02/2015 - R 03/17/2005 - D	Assignment, Mortgage (2014120901289001)	XXX XXXXX XXXXXXX	XXXXXX XXX
04/29/2005 - R 03/17/2005 - D	Mortgage (2005032100219003)	XXXXXX XXXXXXX	XXXX XXXXXX XXXXXXXX XXXXXXXXXX XXX XXXXX XXXXXXX
04/29/2005 - R 03/17/2005 - D	Deed (2005032100219002)	XXXX XXXXX XXX	XXXXXX XXXXXXX
04/29/2005 - R 03/15/2005 - D	Power of Attorney (2005032100219001)	XXXXXXXXX XX XXXXXXX X	XXXXXXXXXXX XXXXXXX X
09/17/2004 - R 06/28/2004 - D	Deed (2004063000820001)	XXXXXXXX XXXXXXXXX	XXXX XXXXX XXX
07/21/2000 - R	Power of Attorney (3630007276563)	XXXXXXXX XXXXXXXX	XXXXXXXX XXXXXXXXX
07/21/2000 - R	Deed (3620007276762)	XXXXXXXX XXXXXXXX	XXXXXXXX XXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 5505 Mill Lane, 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

$6,995

Municipal exemptions

Recent tax assessments

Market value

$797,000

Assessed value

$47,820

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	$797,000	$47,820	$35,251	19.843%	$6,995	$6,995	-0.45%
2024/25	$666,000	$39,960	$34,985	20.085%	$7,027	$7,027	+6.00%
2023/24	$780,000	$46,800	$33,005	20.085%	$6,629	$6,629	+4.83%
2022/23	$735,000	$44,100	$31,138	20.309%	$6,324	$6,324	+7.84%
2021/22	$600,000	$36,000	$29,376	19.963%	$5,864	$5,864	-5.15%
2020/21	$652,000	$39,120	$29,376	21.045%	$6,182	$6,182	+5.23%
2019/20	$590,000	$35,400	$27,754	21.167%	$6,171	$5,875	+7.83%
2018/19	$485,000	$29,100	$26,044	20.919%	$5,754	$5,448	+9.18%
2017/18	$523,000	$31,380	$24,478	20.385%	$5,289	$4,990	+8.85%
2016/17	$450,000	$27,000	$22,930	19.991%	$4,894	$4,584	+2.37%

Permits

Permit information for 5505 Mill Lane, 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

Flatlands residential market stats

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

Median sale price

$455,000

-34.5% Y-o-Y

Median price/sq. ft.

$478

-11% 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

Nostrand Ave & Avenue H at NE Corner

Station lines

2-5

Distance (miles)

1.646

View subway map

Access the detailed traffic volume map for 5505 Mill Lane, Brooklyn, NY 11234 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. 203 Floyd Bennett	7	Yes	Public	PK, K-5	501	0.32
P.S. 203 Floyd Bennett	7	Yes	Public	PK, K-5	501	0.32
Mary Queen of Heaven Catholic Academy	NR	No	Private	PK-8	180	0.18
Mary Queen of Heaven Catholic Academy	NR	No	Private	PK-8	180	0.18
Scholar Skills Christian Academy	NR	No	Private	3-11	23	0.41
Yeshivah of Crown Heights	NR	No	Private	PK-8	400	0.48
Yeshivah of Crown Heights	NR	No	Private	PK-8	400	0.48
Success Academy Bergen Beach	10	No	Charter	K-8	1,052	0.48
P.S. 236 Mill Basin	8	No	Public	PK, K-5	572	0.51
P.S. 236 Mill Basin	8	No	Public	PK, K-5	572	0.51

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Jhs 78 Roy H Mann	6	Yes	Public	6-8	542	0.48
Mary Queen of Heaven Catholic Academy	NR	No	Private	PK-8	180	0.18
Scholar Skills Christian Academy	NR	No	Private	3-11	23	0.41
Yeshivah of Crown Heights	NR	No	Private	PK-8	400	0.48
Success Academy Bergen Beach	10	No	Charter	K-8	1,052	0.48
Brooklyn Kids Preparatory School	NR	No	Private	K-7	40	0.50
P.S. 207 Elizabeth G Leary	8	No	Public	PK, K-8	896	0.56
Hebrew Language Academy	5	No	Charter	PK, K-8	610	0.59
St Bernard Elementary School	NR	No	Private	PK-8	317	0.62
Jhs 278 Marine Park	7	No	Public	6-8	1,076	1.20

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Scholar Skills Christian Academy	NR	No	Private	3-11	23	0.41
Christian Heritage Academy	NR	No	Private	PK, K-12	269	1.00
Brooklyn Bridge Academy	4	No	Public	9-12	116	1.06
Academy for Conservation and the Environment	4	No	Public	9-12	383	1.06
Brooklyn Theatre Arts High School	4	No	Public	9-12	216	1.06
Victory Collegiate High School	2	No	Public	9-12	264	1.06
Brooklyn Community High School for Excellence and Equity	3	No	Public	9-12	181	1.06
Zvi Dov Roth Academy Of Yeshiva Rambam	NR	No	Private	9-12	67	1.07
Mesivta Tiferes Yisroel	NR	No	Private	PK, K-12	0	1.07
Eisek Hatorah d'RACHMISTRIVKA	NR	No	Private	9-12	107	1.21

Frequently asked questions

What is the year built for 5505 Mill Lane, Brooklyn, NY 11234?

The development at 5505 Mill Lane, Brooklyn, NY 11234 was built in 1920.

What is the total square footage of 5505 Mill Lane, Brooklyn, NY 11234?

5505 Mill Lane, Brooklyn, NY 11234 has a total of 1,456 square feet.

When was 5505 Mill Lane, Brooklyn, NY 11234 last sold and what was the sale price?

5505 Mill Lane, Brooklyn, NY 11234 was last sold on 03/17/2005 for $362,000.

What is the assessed value of 5505 Mill Lane, Brooklyn, NY 11234?

5505 Mill Lane, Brooklyn, NY 11234 is currently assessed at $47,820.

What are the property taxes for 5505 Mill Lane, Brooklyn, NY 11234?

The property taxes for 5505 Mill Lane, Brooklyn, NY 11234 total $6,994.

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.