New York City  »  11223  »  Avenue S  »  501 Avenue S

501 Avenue S, Brooklyn, NY 11223 - Property report

Also known as: 1963-1973 E 5th St

Property image for 501 Avenue S, Brooklyn, NY 11223
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Property type

Large Suburban Residence (A3)

Year built

1920

Lot sq. ft.

6,000

Sale price

$7,250,000

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
501 Avenue S
Alternate address(es)
1963-1973 E 5th St
501-507 Avenue S
507 Garage Avenue S
ZIP code
11223
Neighborhood
Gravesend
Borough
Brooklyn
Block & lot
06681-0472

Owner

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Building
Property type
Large Suburban Residence (A3)
Building sq. ft.
3,072
Building dimensions
20 ft x 62 ft
Buildings on lot
2
Stories
2
Year built
1920
Building material
Frame
Exterior wall
Combination
Basement
4
Garage type
Detached, Frame Garage
Sales
Sale date
07/30/2015
Sale price
$7,250,000
Tax
Tax year
2026-2027
Property tax
$19,572
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
1
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Avenue S (wide)
East 5 Street (narrow)
Distance to wide street
Lot dimensions
60 ft x 100 ft
Lot sq. ft.
6,000

Area overview

Walk score
90 /100.  Very Walkable
Transit score
93 /100.  Rider's Paradise
Bike score
74 /100.  Very Bikeable
School district
21
Community district
15
Closest police station
0.66 Miles
Closest fire station
0.38 Miles

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

Ownership

Ownership information for 501 Avenue S, Brooklyn, NY

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

Sales history for 501 Avenue S, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
07/30/2015 $7,250,000 XXXXXX, XXXXX X XXXX, XXXXX X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
08/01/2022 - R
07/08/2022 - D		 Agreement
(2022072800704003)		 XXXXXX XXXXX X XXXXXXXX XXXX XXXXX XXXXXXX XXXXXXXX
08/01/2022 - R
07/08/2022 - D		 Mortgage
(2022072800704002)		 XXXXXX XXXXX X XXXXXXXX XXXX XXXXX XXXXXXX XXXXXXXX
08/01/2022 - R
07/06/2022 - D		 Assignment, Mortgage
(2022072800704001)		 XXXXX XXXXXXXX XXXX XXXXXXXX XXXX XXXXX XXXXXXX XXXXXXXX
08/20/2015 - R
07/30/2015 - D		 Agreement
(2015080701071004)		 XXXXXX XXXXX X XXXXX XXXXXXXX XXXX
08/20/2015 - R
07/30/2015 - D		 Mortgage
(2015080701071003)		 XXXXXX XXXXX X XXXXX XXXXXXXX XXXX
08/20/2015 - R
07/30/2015 - D		 Deed
(2015080701071001)		 XXXX XXXXX X XXXXXX XXXXX X
08/20/2015 - R
07/24/2015 - D		 Assignment, Mortgage
(2015080701071002)		 XXXXXX XXXX XXXXXXX XXXX XXXXX XXXXXXXX XXXX
07/01/2011 - R
05/31/2011 - D		 Agreement
(2011062101173003)		 XXXX XXXXX X XXXXXX XXXX XXXXXXX XXXX
07/01/2011 - R
05/31/2011 - D		 Mortgage
(2011062101173002)		 XXXX XXXXX X XXXXXX XXXX XXXXXXX XXXX
07/01/2011 - R
05/24/2011 - D		 Assignment, Mortgage
(2011062101173001)		 XXXXXXXXX XXXX XXXXXX XXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 501 Avenue S, 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
$19,572
Municipal exemptions
Recent tax assessments
Market value
$4,891,000
Assessed value
$293,460

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 $4,418,000 $265,080 $93,053 19.843% $18,465 $18,465 +4.72%
2024/25 $5,198,000 $311,880 $87,786 20.085% $17,632 $17,632 +4.50%
2023/24 $5,347,000 $320,820 $84,004 20.085% $16,872 $16,872 -1.10%
2022/23 $4,376,000 $262,560 $84,004 20.309% $17,060 $17,060 +3.98%
2021/22 $3,379,000 $202,740 $82,193 19.963% $16,408 $16,408 +0.54%
2020/21 $2,824,000 $169,440 $77,544 21.045% $16,319 $16,319 +5.39%
2019/20 $3,118,000 $187,080 $73,155 21.167% $15,485 $15,485 +5.74%
2018/19 $4,174,000 $250,440 $70,003 20.919% $14,644 $14,644 +2.62%
2017/18 $3,989,000 $239,340 $70,003 20.385% $14,270 $14,270 +4.22%
2016/17 $4,693,000 $281,580 $68,494 19.991% $13,693 $13,693 +8.36%
Permits

Permit information for 501 Avenue S, 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

Homecrest residential market stats

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

Median sale price

$655,000

-11.1% Y-o-Y

Median price/sq. ft.

$654

-5% Y-o-Y

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
4

Subway & traffic

Closest station
McDonald Ave & Avenue S at NE Corner
Station lines
F
Distance (miles)
0.256
View subway map

Access the detailed traffic volume map for 501 Avenue S, Brooklyn, NY 11223 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. 215 Morris H Weiss 5 Yes Public PK, K-5 707 0.12
P.S. 215 Morris H Weiss 5 Yes Public PK, K-5 707 0.12
Ahaba Ve Ahva Cong & Yeshiva NR No Private PK, K-9 0 0.15
Ahaba Ve Ahva Cong & Yeshiva NR No Private PK, K-9 0 0.15
Yeshiva Darchei Aliya NR No Private K-6 76 0.17
Ahaba Ve Ahava NR No Private PK, K-10 93 0.17
Ahaba Ve Ahava NR No Private PK, K-10 93 0.17
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Is 228 David A Boody 7 Yes Public 6-8 1,551 0.52
Ahaba Ve Ahva Cong & Yeshiva NR No Private PK, K-9 0 0.15
Ahaba Ve Ahava NR No Private PK, K-10 93 0.17
Mirrer Yeshiva High School NR No Private PK-12 359 0.19
Mirrer Yeshiva Educational Institute NR No Private PK-8 360 0.19
Magen David Yeshivah School NR No Private PK, K-8 0 0.30
P.S. 238 Anne Sullivan 4 No Public PK, K-8 592 0.44
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
B'not Rachel High School For Girls NR No Private 9-12 80 0.12
Ahaba Ve Ahava NR No Private PK, K-10 93 0.17
Mirrer Yeshiva High School NR No Private PK-12 359 0.19
Magen David Yesh-Isaac SHLM E NR No Private PK-12 1,906 0.32
Yeshive Ateret Tech Girls High School NR No Private 9-12 0 0.33

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

Neighbors for 501 Avenue S, Brooklyn, NY

217 Avenue S, Brooklyn 1854 E 8th St, Brooklyn 1813 W 6th St, Brooklyn 1832 E 8th St, Brooklyn 1850 E 8th St, Brooklyn 1802 E 9th St, Brooklyn 100 Lake St, Brooklyn 264 Highlawn Ave, Brooklyn 1836 E 8th St, Brooklyn 1840 E 8th St, Brooklyn 801 Avenue S, Brooklyn 1811 E 8th St, Brooklyn 1954 E 5th St, Brooklyn 59 Lake St, Brooklyn 2002 MC Donald Ave, Brooklyn 796 Westminster Rd, Brooklyn 295 Avenue S, Brooklyn 1865 W 4th St, Brooklyn 1844 E 8th St, Brooklyn

Nearby ZIP codes for 501 Avenue S, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11209, New York City, NY 11210, 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 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 11230, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 501 Avenue S, Brooklyn, NY 11223?

The development at 501 Avenue S, Brooklyn, NY 11223 was built in 1920.

What is the total square footage of 501 Avenue S, Brooklyn, NY 11223?

501 Avenue S, Brooklyn, NY 11223 has a total of 3,072 square feet.

When was 501 Avenue S, Brooklyn, NY 11223 last sold and what was the sale price?

501 Avenue S, Brooklyn, NY 11223 was last sold on 07/30/2015 for $7,250,000.

What is the assessed value of 501 Avenue S, Brooklyn, NY 11223?

501 Avenue S, Brooklyn, NY 11223 is currently assessed at $293,460.

What are the property taxes for 501 Avenue S, Brooklyn, NY 11223?

The property taxes for 501 Avenue S, Brooklyn, NY 11223 total $19,571.

How many residential units does this building have?

This building has 1 residential unit(s).

Disclaimer

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