New York City  »  11207  »  New Lots Ave  »  498 New Lots Ave

498 New Lots Avenue, Brooklyn, NY 11207 - Property report

Also known as: 498 New Lots Ave

Property image for 498 New Lots Avenue, Brooklyn, NY 11207
static Mapbox map

Property type

Zoned Commercial or Manhattan Residential (V1)

Lot sq. ft.

1,198

Sale price

$1,827,225

General information

Unlock this property report with a free account

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

Owner

Find out who owns 498 New Lots Avenue, Brooklyn, NY 11207. Uncover corporate and individual owners with a free account.

Building
Property type
Zoned Commercial or Manhattan Residential (V1)
Buildings on lot
1
Building material
Sales
Sale date
01/09/2025
Sale price
$1,827,225 - M
Tax
Tax year
2026-2027
Property tax
$5,614
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
16 ft x 74.75 ft
Lot sq. ft.
1,198

Area overview

Walk score
86 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
74 /100.  Very Bikeable
School district
19
Community district
5
Closest police station
0.66 Miles
Closest fire station
0.32 Miles

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

Ownership

Ownership information for 498 New Lots Avenue, 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 498 New Lots Avenue, Brooklyn, NY 11207

Sale date Sale price Buyer name Seller name
01/09/2025 $1,827,225 XXXXXX XXXX XXXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX.
08/11/2003 $300,000 XXXXXXXX XXXXXXX XXXX. XXXXXX, XXXXXXX XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/21/2025 - R
01/09/2025 - D		 Mortgage
(2025011900002002)		 XXXXXX XXXX XXXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX
01/21/2025 - R
01/09/2025 - D		 Deed
(2025011900002001)		 XXXXXXXX XXXXXXX XXXX XXXXXX XXXX XXXXXX XXXXX XXX
04/11/2019 - R
12/13/2018 - D		 Discharge of Tax Lien
(2019041100622001)		 XXX XXXX XX XXX XXXX XXXXXX
11/07/2003 - R
08/11/2003 - D		 Deed, Other
(2003082601266001)		 XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXX XXXX
09/30/1999 - R Tax Lien Sale Certificate
(3110006825411)		 XXXX XX XXX XXXX XXXX XX XXX XXXX
10/03/1984 - R
08/01/1984 - D		 Deed
(3910001044491)		 XXX XXXXX XXXXXX XXXXXX XXX XXXXX XXXXXX XXXXXX
07/06/1984 - R
06/13/1984 - D		 Deed
(3890001027889)		 XXXX XX XXX XXXX XXX XXXXX XXXXXX XXXXX
06/28/1973 - R Deed
(37330064201260)		 XXXXXXX XXXX XXXXXX XXXXXX
03/24/1972 - R Deed
(37230054601124)		 XXXXXXXXX XXXXXXX XXXXXXX XXXX
03/24/1972 - R Mortgage
(37230054601120)		 XXXXXXX XXXX XXXXXXXXX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 498 New Lots 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
$5,614
Municipal exemptions
Recent tax assessments
Market value
$115,000
Assessed value
$51,750

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 $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%
2020/21 $133,000 $59,850 $59,850 10.694% $6,400 $6,400 -2.47%
2019/20 $140,000 $63,000 $62,280 10.537% $6,562 $6,562 +5.08%
2018/19 $132,000 $59,400 $59,400 10.514% $6,245 $6,245 -0.55%
2017/18 $143,000 $64,350 $59,727 10.514% $6,280 $6,280 +3.98%
2016/17 $140,000 $63,000 $57,117 10.574% $6,040 $6,040 +2.46%
Permits

Permit information for 498 New Lots Avenue, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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
4

Subway & traffic

Closest station
Van Siclen Ave & Livonia Ave at SE Corner
Station lines
3
Distance (miles)
0.164
View subway map

Access the detailed traffic volume map for 498 New Lots Avenue, Brooklyn, NY 11207 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 498 New Lots Avenue, Brooklyn, NY

2832 Brown St, Brooklyn 330 Morgan Ave, Brooklyn 130 6th Ave, Brooklyn 840 Hendrix St, Brooklyn 5102 Avenue U, Brooklyn 459 Elton St, Brooklyn 2575 Flatbush Ave, Brooklyn 2675 W 36th St, Brooklyn 153 Sheffield Ave, Brooklyn 182 Morgan Ave, Brooklyn 24 Starr St, Brooklyn 408-496 Red Hook Ln, Brooklyn 290 Covert St, Brooklyn 2845 W 19th St, Brooklyn 593 McDonald Ave, Brooklyn 2954 Avenue S, Brooklyn 53 Carlton Ave, Brooklyn 1702 Avenue O, Brooklyn 49 Ash St, Brooklyn 161 Buffalo Ave, Brooklyn

Nearby ZIP codes for 498 New Lots Avenue, Brooklyn, NY

11203, New York City, NY 11206, New York City, NY 11208, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11221, New York City, NY 11225, New York City, NY 11233, New York City, NY 11236, New York City, NY 11237, New York City, NY 11239, New York City, NY 11374, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY 11414, New York City, NY 11416, New York City, NY 11417, New York City, NY 11421, New York City, NY

Frequently asked questions

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

The current market value of 498 New Lots Avenue, Brooklyn, NY 11207 is $115,000.

Disclaimer

Copyright 2003-2026 by PropertyShark.com

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.

Sign up for a free account