| Primary address | 48 Spencer Street |
| Secondary address | 44 Spencer St |
| Neighborhood | Bedford-Stuyvesant |
| Zip code | 11205 |
| Borough | Brooklyn |
| Block & lot | 01715-0103 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 04/25/2007 |
| Purchase price | $2,900,000 |
| Tax class | Register |
| Estimated property tax | $183,372 |
| Lot sq. ft. | 12,500 |
| Lot dimensions | |
| Property type | Office with Commercial - 1 to 6 Stories (O5)
|
| Building sqft | 37,500 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 3 |
| Year built | 2005 |
| Year last altered | 2015 |
| Construction type | Register |
| School district | 14 |
| Community district | 3 |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
This Office with Commercial - 1 to 6 Stories (O5) located at 48 Spencer Street, Brooklyn, NY 11205 has a total of 37,500 square feet and a current price per square foot of $77.
What is the year built & the current market value of 48 Spencer Street, Brooklyn, NY 11205?48 Spencer Street, Brooklyn, NY 11205 was built in 2005 and has a current tax assessor's market value of $3,869,000.
How many commercial spaces does this building have?This building has 18 commercial spaces available for lease. There are 6 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Lease |
|---|---|
| Listing date | 03/15/2023 |
| Last updated | 05/14/2026 |
New Professional Office Building Prime Williamsburg Location Near Black & White bakery, Hatzlucha Supermarket, Lee Gardens Supermarket, and Café 28 (Spencer branch)New Professional Office Building Prime Williamsburg Location Near Black & White bakery, Hatzlucha Supermarket, Lee Gardens Supermarket, and Café 28 (Spencer branch)
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 48 Spencer Street Suite #302 | General Office | $1,350/Sqft/Year | 235 | Yossi Zicherman |
| 48 Spencer Street Suite 303 | General Office | $1,350/Sqft/Year | 303 | Yossi Zicherman |
| 48 Spencer Street Suite 305 | General Office | $1,750/Sqft/Year | 305 | Yossi Zicherman |
| 48 Spencer Street Suite #319 | General Office | $775/Sqft/Year | 140 | Yossi Zicherman |
| 48 Spencer Street Suite #121 | General Office | $800/Sqft/Year | 200 | Yossi Zicherman |
| 48 Spencer Street Suite #129 | General Office | $700/Sqft/Year | 100 | Yossi Zicherman |
Create a free account to view the complete sales history for 48 Spencer Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 04/25/2007 | $2,900,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 48 Spencer Street, Brooklyn, NY 11205. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $180,004 |
| Estimated property tax: | $183,372 |
| Tax assessor's market value: | $3,869,000 |
| Assessed value: | $1,741,050 |
Here's the assessment & property tax history for 48 Spencer Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $3,869,000 | $1,741,050 | $1,659,330 | 10.848% | $180,004 | $180,004 | +4.94% |
| 2024/25 | $3,542,000 | $1,593,900 | $1,593,900 | 10.762% | $171,536 | $171,536 | +4.41% |
| 2023/24 | $3,447,000 | $1,551,150 | $1,551,150 | 10.592% | $164,298 | $164,298 | -4.18% |
| 2022/23 | $3,579,000 | $1,610,550 | $1,610,550 | 10.646% | $171,459 | $171,459 | -6.79% |
| 2021/22 | $4,247,000 | $1,911,150 | $1,710,330 | 10.755% | $183,946 | $183,946 | +1.51% |
The complete history of permits filed for 48 Spencer Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 3 (See more on map) |
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Distance to Subway
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| Closest station | Union Ave & Flushing Ave at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | G | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.341 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Bedford Av/Park Av | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.059 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 48 Spencer Street, Brooklyn, NY 11205.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 427 Amber St, Brooklyn | 2,964 | 06/14/2021 | |
| 89 Vernon Ave, Brooklyn | 2,940 | 04/25/2007 | $406,726 |
| 512 Sheffield Ave, Brooklyn | 2,682 | 11/16/2023 | |
| 1423 Stanley Ave, Brooklyn | 2,964 | 05/08/2018 | $575,000 |
| 508 Sheffield Ave, Brooklyn | 2,682 | 04/09/2010 | $485,000 |
| 506 Sheffield Ave, Brooklyn | 2,679 | 01/12/2010 | $499,500 |
| 510 Sheffield Ave, Brooklyn | 2,682 | 04/24/2009 | $532,000 |
| 874 Euclid Ave, Brooklyn | 2,000 | 03/15/2007 | $685,000 |
| 1425 Stanley Ave, Brooklyn | 2,964 | 07/29/2016 | $580,000 |
