Kings  »  11220  »  5th Ave  »  5223 5th Ave

5223 5th Avenue, Brooklyn, NY 11220 - Property report

Also known as: 5223 5th Ave

Property image for 5223 5th Avenue, Brooklyn, NY 11220
static Mapbox map

Property type

Walk-up Apartment - Over Six Families with Stores (C7)

Year built

1931

Lot sq. ft.

1,613

Sale price

$5,250,000

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
5223 5th Avenue
Alternate address(es)
501-509 53rd St
5225 5th Ave
ZIP code
11220
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00808-0001

Owner

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Building
Property type
Walk-up Apartment - Over Six Families with Stores (C7)
Building sq. ft.
5,808
Building dimensions
20.17 ft x 72 ft
Buildings on lot
2
Stories
4
Year built
1931
Building material
Sales
Sale date
11/01/2019
Sale price
$5,250,000 - M
Tax
Tax year
2026-2027
Property tax
$28,731
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
7
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20.17 ft x 80 ft
Lot sq. ft.
1,613

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
93 /100.  Rider's Paradise
Bike score
77 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
0.62 Miles
Closest fire station
0.02 Miles

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

Ownership information for 5223 5th Avenue, Brooklyn, NY

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

Sales history for 5223 5th Avenue, Brooklyn, NY 11220

Sale date Sale price Buyer name Seller name
11/01/2019 $5,250,000 XXXXX, XXX XXXX XXX XXX. , XXX
12/26/2006 $1,510,000 XXXXXXXX, XXXXX XXXXX, XXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/27/2020 - R Initial UCC1
(2020102600633002)
XXXXX XXX XXXXXX XXXXX
10/27/2020 - R Initial UCC1
(2020102600633001)
XXXXX XXX XXXX XXX XXX XXX
11/18/2019 - R
11/01/2019 - D
Assignment of Leases and Rents
(2019111100251004)
XXXXX XXX XXX XXX XXX XXX
11/18/2019 - R
11/01/2019 - D
Mortgage
(2019111100251003)
XXXXX XXX XXX XXX XXX XXX
11/18/2019 - R
11/01/2019 - D
Assumption of Mortgage
(2019111100251002)
XXXXX XXX XXXXX XXXXXX
11/18/2019 - R
11/01/2019 - D
Deed
(2019111100251001)
XXXX XXX XXX XXX XXXXX XXX
12/09/2013 - R
11/13/2013 - D
Assignment of Lease
(2013112500385001)
XXXXXX XXXX XX XXX XXXXXX XX XXXXXXXX XXX
10/31/2012 - R Initial UCC1
(2012101800117003)
XXXX XXX XXX XXX XXXXX XXXXXX
06/22/2012 - R
04/18/2012 - D
Deed
(2012051701144001)
XXXXXXXX XXXXX XXXX X XX XXX XXX
10/31/2012 - R
01/01/2012 - D
Assignment of Leases and Rents
(2012101800117002)
XXXX XXX XXX XXX XXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 5223 5th Avenue, 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
$28,731
Municipal exemptions
Recent tax assessments
Market value
$1,051,000
Assessed value
$472,950

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 $904,000 $406,800 $213,864 12.439% $26,603 $26,603 -0.49%
2024/25 $753,000 $338,850 $213,864 12.5% $26,733 $26,733 +3.18%
2023/24 $826,000 $371,700 $207,230 12.502% $25,908 $25,908 +10.07%
2022/23 $1,033,000 $464,850 $191,883 12.267% $23,538 $23,538 +8.28%
2021/22 $1,125,000 $506,250 $177,671 12.235% $21,738 $21,738 +7.72%
2020/21 $1,228,000 $552,600 $164,511 12.267% $20,181 $20,181 -1.65%
2019/20 $1,240,000 $558,000 $164,511 12.473% $20,519 $20,519 +2.06%
2018/19 $1,327,000 $597,150 $159,408 12.612% $20,105 $20,105 +7.09%
2017/18 $1,253,000 $563,850 $147,602 12.719% $18,773 $18,773 +6.55%
2016/17 $1,136,000 $511,200 $136,670 12.892% $17,619 $17,619 +8.07%

Permit information for 5223 5th Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/26/2021 Alteration
11/17/2020 Alteration
09/01/2020 Alteration type 2
08/20/2020 Alteration type 2
10/07/2016 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
05/15/2014 Lblvio-low pressure boiler
01/31/2005 Ll6291-local law 62/91 - boilers
02/13/2004 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
4th Ave & 53rd St at SE Corner
Station lines
R
Distance (miles)
0.158

Access the detailed traffic volume map for 5223 5th Avenue, Brooklyn, NY 11220 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

Frequently asked questions

What is the year built for 5223 5th Avenue, Brooklyn, NY 11220?

The development at 5223 5th Avenue, Brooklyn, NY 11220 was built in 1931.

What is the market value of 5223 5th Avenue, Brooklyn, NY 11220?

The current market value of 5223 5th Avenue, Brooklyn, NY 11220 is $1,051,000.

What is the total square footage of 5223 5th Avenue, Brooklyn, NY 11220?

5223 5th Avenue, Brooklyn, NY 11220 has a total of 5,808 square feet.

What is the price per square foot for this property?

$903 per square foot is the price for 5223 5th Avenue, Brooklyn, NY 11220.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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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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