Kings  »  11234  »  Avenue N  »  5518 Avenue N

5518 Avenue N, Brooklyn, NY 11234 - Property report

Also known as: 1488 E 56th St

Property image for 5518 Avenue N, Brooklyn, NY 11234
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Property type

Professional Buildings/Stand Alone Funeral Homes (O7)

Year built

1931

Lot sq. ft.

14,862

Sale price

$3,100,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
5518 Avenue N
Alternate address(es)
1488 E 56th St
5510-5524 Avenue N
ZIP code
11234
Neighborhood
Old Mill Basin
Borough
Brooklyn
Block & lot
07900-0044

Owner

Find out who owns 5518 Avenue N, Brooklyn, NY 11234. Uncover corporate and individual owners with a free account.

Building
Property type
Professional Buildings/Stand Alone Funeral Homes (O7)
Building sq. ft.
19,561
Building dimensions
83.6 ft x 102 ft
Buildings on lot
1
Stories
2
Year built
1931
Building material
Sales
Sale date
05/10/2016
Sale price
$3,100,000
Tax
Tax year
2026-2027
Property tax
$73,177
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100 ft x 122.25 ft
Lot sq. ft.
14,862

Area overview

Walk score
92 /100.  Walker's Paradise
Transit score
78 /100.  Excellent Transit
Bike score
61 /100.  Bikeable
School district
22
Community district
18
Closest police station
1.21 Miles
Closest fire station
0.28 Miles

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

Ownership

Ownership information for 5518 Avenue N, 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 5518 Avenue N, Brooklyn, NY 11234

Sale date Sale price Buyer name Seller name
05/10/2016 $3,100,000 XXXX XXXXXXXXXX XXXX XXX X XXX XXXXX XXXXXXX, XX XXXXXXX XXX XXXXXX XXXXX XXX XXXXXXX XXXXXXX, XX XXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/26/2018 - R
01/18/2018 - D		 Assignment of Leases and Rents
(2018012300523003)		 XXXX XXXXXXXXXX XXXX XXX X XXX XXXXX XXXXXXX XXXX
01/26/2018 - R
01/18/2018 - D		 Mortgage
(2018012300523002)		 XXXX XXXXXXXXXX XXXX XXX X XXX XXXXX XXXXXXX XXXX
01/26/2018 - R
01/18/2018 - D		 Mortgage
(2018012300523001)		 XXXX XXXXXXXXXX XXXX XXX X XXX XXXXX XXXXXXX XXXX
04/27/2017 - R
04/26/2017 - D		 Certificate
(2017042601114001)		 XXXXX XXXXXXXX XXXX
04/27/2017 - R
04/04/2017 - D		 Zoning Lot Description
(2017042601114002)		 XXXX XXXXXXXXXX XXXX XXX X XXX
12/08/2016 - R
11/23/2016 - D		 Discharge of Tax Lien
(2016120700035003)		 XXX XXXX XX XXX XXXX XXXXXX
12/08/2016 - R
11/23/2016 - D		 Discharge of Tax Lien
(2016120700035002)		 XXX XXXX XX XXX XXXX XXXXXX
12/08/2016 - R
11/23/2016 - D		 Discharge of Tax Lien
(2016120700035001)		 XXX XXXX XX XXX XXXX XXXXXX
05/25/2016 - R
05/10/2016 - D		 Deed
(2016052000006001)		 XXXXX XXXXXXX XX XXXXXXX XXXX XXXXXXXXXX XXXX XXX X XXX
08/25/2015 - R
08/12/2015 - D		 Tax Lien Sale Certificate
(2015082300036001)		 XXXX XX XXX XXXX XXXX XX XXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 5518 Avenue N, 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
$73,177
Municipal exemptions
Recent tax assessments
Market value
$4,163,000
Assessed value
$1,873,350

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 $3,401,000 $1,530,450 $1,530,450 10.848% $166,023 $69,437 -2.45%
2024/25 $3,904,000 $1,756,800 $1,665,720 10.762% $179,265 $71,178 +6.38%
2023/24 $3,962,000 $1,782,900 $1,652,130 10.592% $174,994 $66,907 -7.21%
2022/23 $3,469,000 $1,561,050 $1,561,050 10.646% $166,189 $72,103 +4.84%
2021/22 $3,365,000 $1,514,250 $1,514,250 10.755% $162,858 $68,772 -58.80%
2020/21 $4,141,000 $1,863,450 $1,560,716 10.694% $166,903 $166,903 +172.64%
2019/20 $1,441,000 $648,450 $580,980 10.537% $61,218 $61,218 +4.69%
2018/19 $1,391,000 $625,950 $556,160 10.514% $58,475 $58,475 +8.70%
2017/18 $1,312,000 $590,400 $511,629 10.514% $53,793 $53,793 +8.31%
2016/17 $1,239,000 $557,550 $469,689 10.574% $49,665 $49,665 +7.31%
Permits

Permit information for 5518 Avenue N, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
03/20/2023 Alteration
03/03/2023 Alteration
02/23/2023 Alteration
08/29/2022 Alteration
08/12/2022 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/20/2023 Lblvio-low pressure boiler boiler required
02/24/2017 Lblvio-low pressure boiler
02/13/2004 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
3

Subway & traffic

Closest station
Nostrand Ave & Avenue H at NE Corner
Station lines
2-5
Distance (miles)
1.641
View subway map

Access the detailed traffic volume map for 5518 Avenue N, 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

Neighbors for 5518 Avenue N, Brooklyn, NY

1506 E 56th St, Brooklyn 5519 Mill Ln, Brooklyn 1573 E 55th St, Brooklyn 1540 E 56th St, Brooklyn 1536 E 56th St, Brooklyn 1544 E 56th St, Brooklyn 5509 Mill Ln, Brooklyn 5521 Mill Ln, Brooklyn 5502 Avenue N, Brooklyn 1520 E 56th St, Brooklyn 1550 E 56th St, Brooklyn 1549 E 55th St, Brooklyn 1553 E 55th St, Brooklyn 5505 Mill Ln, Brooklyn 1548 E 56th St, Brooklyn 1545 E 55th St, Brooklyn 1555 E 55th St, Brooklyn 5503 Mill Ln, Brooklyn 1571 E 55th St, Brooklyn 1508 E 56th St, Brooklyn

Nearby ZIP codes for 5518 Avenue N, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11207, New York City, NY 11208, New York City, NY 11210, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11218, New York City, NY 11223, New York City, NY 11225, New York City, NY 11226, New York City, NY 11229, New York City, NY 11230, New York City, NY 11233, New York City, NY 11235, New York City, NY 11236, New York City, NY 11239, New York City, NY 11694, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 5518 Avenue N, Brooklyn, NY 11234?

The development at 5518 Avenue N, Brooklyn, NY 11234 was built in 1931.

What is the market value of 5518 Avenue N, Brooklyn, NY 11234?

The current market value of 5518 Avenue N, Brooklyn, NY 11234 is $4,163,000.

What is the total square footage of 5518 Avenue N, Brooklyn, NY 11234?

5518 Avenue N, Brooklyn, NY 11234 has a total of 19,561 square feet.

What is the price per square foot for this property?

$158 per square foot is the price for 5518 Avenue N, Brooklyn, NY 11234.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

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