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498 New Lots Avenue, Brooklyn, NY 11207 Property Information

498 New Lots Avenue, Brooklyn, NY 11207 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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498 New Lots Avenue, Brooklyn, NY 11207 1
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Address

Primary address 498 New Lots Avenue
Neighborhood East New York
Zip code 11207
Borough Brooklyn
Block & lot 04303-0003

Sales & Tax Overview for 498 New Lots Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 01/09/2025
Purchase price $1,827,225
Tax class
Estimated property tax $5,613

Lot & Building Information for 498 New Lots Avenue, Brooklyn

Lot sq. ft. 1,198
Lot dimensions 16 ft x 74.75 ft
Property type Zoned Commercial or Manhattan Residential (V1)
Buildings on lot 1
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Zoning & Use for 498 New Lots Avenue, Brooklyn

Zoning

Area Overview

Walk Score
Transit Score
Bike Score


School district 19
Community district 5
Closest police station 0.66 Miles
Closest fire station 0.32 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 498 New Lots Avenue, Brooklyn

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Floor area ratio (FAR) for 498 New Lots Avenue, Brooklyn, NY 11207, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 498 New Lots Avenue, Brooklyn, NY 11207, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 498 New Lots Avenue, Brooklyn

What is the market value of 498 New Lots Avenue, Brooklyn, NY 11207?

The current market value is $121,000.

Ownership Information for 498 New Lots Avenue, Brooklyn

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Property owner name for 498 New Lots Avenue, Brooklyn, NY 11207
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Building contacts for 498 New Lots Avenue, Brooklyn, NY 11207
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 498 New Lots Avenue, Brooklyn

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Purchase date Purchase price Buyer name Seller name
01/09/2025 $1,827,225
08/11/2003 $300,000
       
       
       
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Title Documents for 498 New Lots Avenue, Brooklyn

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.

Date Type Amount Party 1 Party 2 Doc image
01/09/2025 - D
01/21/2025 - R
Mortgage
(2025011900002002)
01/09/2025 - D
01/21/2025 - R
Deed
(2025011900002001)
12/13/2018 - D
04/11/2019 - R
Discharge of Tax Lien
(2019041100622001)
08/11/2003 - D
11/07/2003 - R
Deed, Other
(2003082601266001)
09/30/1999 - R Tax Lien Sale Certificate
(3110006825411)
08/01/1984 - D
10/03/1984 - R
Deed
(3910001044491)
06/13/1984 - D
07/06/1984 - R
Deed
(3890001027889)
06/28/1973 - R Deed
(37330064201260)
03/24/1972 - R Deed
(37230054601124)
03/24/1972 - R Mortgage
(37230054601120)
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R: Recorded date
D: Document date

Property Taxes for 498 New Lots Avenue, Brooklyn

Access detailed property tax data for 498 New Lots Avenue, Brooklyn, NY 11207. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $5,907
Estimated property tax: $5,613
Tax assessor's market value: $121,000
Assessed value: $54,450

Assessment History for 498 New Lots Avenue, Brooklyn

Here's the assessment & property tax history for 498 New Lots Avenue, 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 $121,000 $54,450 $54,450 10.848% $5,907 $5,907 -1.64%
2024/25 $127,000 $57,150 $55,800 10.762% $6,005 $6,005 +10.52%
2023/24 $114,000 $51,300 $51,300 10.592% $5,434 $5,434 -5.48%
2022/23 $120,000 $54,000 $54,000 10.646% $5,749 $5,749 -5.73%
2021/22 $126,000 $56,700 $56,700 10.755% $6,098 $6,098 -4.72%

Permits for 498 New Lots Avenue, Brooklyn

The complete history of permits filed for 498 New Lots Avenue, 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.

No recorded permits for this property.

Brooklyn Commercial Market Stats

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.

Median Price/Sqft Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 4 (See more on map)

Transportation

Distance to Subway
Closest station Van Siclen Ave & Livonia Ave at SE Corner
Station lines 3
Distance (miles) 0.164
View subway map
Bus Routes
Name New Lots Av/Bradford St
Line B83
Distance (miles) 0.015

Neighbors for 498 New Lots Avenue, Brooklyn

Here are the neighbors for 498 New Lots Avenue, Brooklyn, NY 11207.

Address Square feet Purchase date Purchase price
2832 Brown St, Brooklyn 4,500 02/23/2007
330 Morgan Ave, Brooklyn 22,970 09/25/2008 $4,625,000
130 6th Ave, Brooklyn 4,168 03/13/2019 $3,459,000
840 Hendrix St, Brooklyn 05/28/1986
5102 Avenue U, Brooklyn 114,400 11/28/2012 $25,631,000
459 Elton St, Brooklyn 3,060 10/17/2017 $850,000
2575 Flatbush Ave, Brooklyn 11/28/2012 $25,631,000
2675 W 36th St, Brooklyn 131,439
153 Sheffield Ave, Brooklyn 2,000 06/02/2003
182 Morgan Ave, Brooklyn 5,698 08/07/2003 $625,000
24 Starr St, Brooklyn 5,660 12/01/2021
408-496 Red Hook Ln, Brooklyn 566,618
290 Covert St, Brooklyn 2,460 12/03/2004 $490,000
2845 W 19th St, Brooklyn 9,816 09/30/2022
593 McDonald Ave, Brooklyn 13,800 04/01/2008 $2,214,319
2954 Avenue S, Brooklyn 2,367 02/05/1973
53 Carlton Ave, Brooklyn 07/18/2003 $65,000
1702 Avenue O, Brooklyn 2,688 12/12/1997
49 Ash St, Brooklyn 52,003 07/21/2023 $18,750,000
161 Buffalo Ave, Brooklyn 18,350 02/01/2016 $3,430,000
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