New York City  »  11230  »  Avenue I  »  502 Avenue I

502 Avenue I, Brooklyn, NY 11230 - Property report

Also known as: 1023-1033 E 5th St

Property image for 502 Avenue I, Brooklyn, NY 11230
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Property type

Two Stories Detached (Small or Moderate Size, with or without Attic) (A1)

Year built

1920

Lot sq. ft.

2,250

Sale price

$650,000

General information

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Address
Primary address
502 Avenue I
Alternate address(es)
1023-1033 E 5th St
502 Garage Avenue I
ZIP code
11230
Neighborhood
Midwood
Borough
Brooklyn
Block & lot
06518-0001

Owner

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Building
Property type
Two Stories Detached (Small or Moderate Size, with or without Attic) (A1)
Building sq. ft.
1,656
Building dimensions
18 ft x 42 ft
Buildings on lot
2
Stories
2
Year built
1920
Building material
Frame
Exterior wall
Stucco
Basement
4
Garage type
Detached, Frame Garage
Sales
Sale date
04/04/2012
Sale price
$650,000
Tax
Tax year
2026-2027
Property tax
$9,713
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
1
Residential sq. ft.
Lot
Frontage(s)
East 5 Street (narrow)
Avenue I (wide)
Lot dimensions
22.5 ft x 100 ft
Lot sq. ft.
2,250

Area overview

Walk score
64 /100.  Somewhat Walkable
Transit score
91 /100.  Rider's Paradise
Bike score
79 /100.  Very Bikeable
School district
21
Community district
12
Closest police station
0.28 Miles
Closest fire station
0.19 Miles

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

Ownership

Ownership information for 502 Avenue I, Brooklyn, NY

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

Sales history for 502 Avenue I, Brooklyn, NY 11230

Sale date Sale price Buyer name Seller name
04/04/2012 $650,000 XXXXXX, XXXXXXX XXX XXXXXX, XXXXX XXXXX, XXXXXXX XXX XXXXX, XXXX XXX XXXXX, XXXXXX XXX XXXXXX, XXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/27/2021 - R
10/30/2020 - D		 Agreement
(2021072200339001)		 XXXXXX XXXXXXX XX XXXX XXXXX XXX
11/20/2020 - R
10/30/2020 - D		 Mortgage
(2020111800151003)		 XXXXXX XXXXX XX XXXX XXXXX XXX
11/20/2020 - R
08/28/2020 - D		 Assignment, Mortgage
(2020111800151002)		 XXXXXXXXX XXXX XX XXXX XXXXX XXX XXXXXXXXXX
11/20/2020 - R
08/28/2020 - D		 Assignment, Mortgage
(2020111800151001)		 XXXXXXXXX XXXX XXXXXXXX XXXXXXXXX XXXX
04/12/2012 - R
04/04/2012 - D		 Mortgage
(2012040500371002)		 XXXXXX XXXXX XXXX
04/12/2012 - R
04/04/2012 - D		 Deed
(2012040500371001)		 XXXXX XXXXXXX XXXXXX XXXXXXX
12/10/1997 - R Satisfaction of Mortgage
(3660005875166)		 XXXXX XXXXX
04/15/1977 - R Mortgage
(37730091400516)		 XXXXX XXXXXXXX X XXX XXXXX XXXXX XXX XXXX
04/15/1977 - R Deed
(37730091400514)		 XXXXXX XXXXXXX XXXXX XXXXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 502 Avenue I, 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
$9,713
Municipal exemptions
Recent tax assessments
Market value
$2,116,000
Assessed value
$126,960

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 $1,678,000 $100,680 $46,182 19.843% $9,164 $9,164 +4.53%
2024/25 $1,599,000 $95,940 $43,648 20.085% $9,036 $8,767 +0.14%
2023/24 $1,622,000 $97,320 $43,588 20.085% $9,036 $8,755 +3.78%
2022/23 $1,482,000 $88,920 $41,536 20.309% $8,732 $8,436 +7.38%
2021/22 $1,534,000 $92,040 $39,352 19.963% $8,143 $7,856 +0.69%
2020/21 $1,495,000 $89,700 $37,075 21.045% $8,099 $7,802 +2.14%
2019/20 $1,191,000 $71,460 $36,090 21.167% $7,936 $7,639 +1.35%
2018/19 $1,144,000 $68,640 $36,030 20.919% $7,843 $7,537 +7.61%
2017/18 $1,281,000 $76,860 $34,360 20.385% $7,304 $7,004 +8.00%
2016/17 $949,000 $56,940 $32,443 19.991% $6,796 $6,486 +8.78%
Permits

Permit information for 502 Avenue I, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Ocean Parkway South residential market stats

Access a detailed real estate market overview of Ocean Parkway South so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Ocean Parkway South and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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
McDonald Ave & Avenue I at NE Corner
Station lines
F
Distance (miles)
0.214
View subway map

Access the detailed traffic volume map for 502 Avenue I, Brooklyn, NY 11230 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 121 Nelson A Rockefeller 7 Yes Public K-8 314 0.42
Lubavitcher School Chabad NR No Private PK-8 139 0.14
Lubavitcher School Chabad NR No Private PK-8 139 0.14
Yeshiva Machzikei Hadas 2 NR No Private 1-3 265 0.14
Cheder (The) NR No Private PK, K-8 0 0.22
Cheder (The) NR No Private PK, K-8 0 0.22
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 121 Nelson A Rockefeller 7 Yes Public K-8 314 0.42
Lubavitcher School Chabad NR No Private PK-8 139 0.14
Cheder (The) NR No Private PK, K-8 0 0.22
Bais Yaakov D'Rav Meir High School NR No Private K-12 0 0.25
Beth Jacob Day School/Bais Yaak NR No Private PK-8 419 0.27
P T A C H NR No Private 2-8 31 0.28
P.S. 192 Magnet School For Math And Science Inquiry 7 No Public PK, K-8 592 0.41
Brooklyn Dreams Charter School 6 No Charter K-8 616 0.43
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Franklin Delano Roosevelt High School 3 Yes Public 9-12 3,213 0.64
Mesivta Sholom Schachna NR No Private 9-12 192 0.11
Lubavitcher High School NR No Private 9-12 0 0.13
Lubavitcher High School NR No Private 9-12 135 0.14
Mesivta Sholom Schachna NR No Private 9-12 0 0.20
Bais Yaakov D'Rav Meir High School NR No Private K-12 0 0.25

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 502 Avenue I, Brooklyn, NY

1052 E 5th St, Brooklyn 1051 E 5th St, Brooklyn 1047 E 5th St, Brooklyn 1035 E 5th St, Brooklyn 1024 E 5th St, Brooklyn 4631 Bay Pkwy, Brooklyn 1041 E 5th St, Brooklyn 1039 E 5th St, Brooklyn 1064 E 5th St, Brooklyn 1044 E 5th St, Brooklyn 4635 Bay Pkwy, Brooklyn 4645 Bay Pkwy, Brooklyn 1088 E 5th St, Brooklyn 1080 E 5th St, Brooklyn 1070 E 5th St, Brooklyn 1036 E 5th St, Brooklyn 1030 E 2nd St, Brooklyn 932 E 8th St, Brooklyn 1045 E 5th St, Brooklyn 1050 E 5th St, Brooklyn

Nearby ZIP codes for 502 Avenue I, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11210, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11229, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 502 Avenue I, Brooklyn, NY 11230?

The development at 502 Avenue I, Brooklyn, NY 11230 was built in 1920.

What is the total square footage of 502 Avenue I, Brooklyn, NY 11230?

502 Avenue I, Brooklyn, NY 11230 has a total of 1,656 square feet.

When was 502 Avenue I, Brooklyn, NY 11230 last sold and what was the sale price?

502 Avenue I, Brooklyn, NY 11230 was last sold on 04/04/2012 for $650,000.

What is the assessed value of 502 Avenue I, Brooklyn, NY 11230?

502 Avenue I, Brooklyn, NY 11230 is currently assessed at $126,960.

What are the property taxes for 502 Avenue I, Brooklyn, NY 11230?

The property taxes for 502 Avenue I, Brooklyn, NY 11230 total $9,713.

How many residential units does this building have?

This building has 1 residential unit(s).

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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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