New York City  »  11223  »  Avenue U  »  723 Avenue U

723 Avenue U, Brooklyn, NY 11223 - Property report

Also known as: 723 Avenue U

Property image for 723 Avenue U, Brooklyn, NY 11223
static Mapbox map

Property type

Primarily Two Family with One Store or Office (S2)

Year built

1931

Lot sq. ft.

1,600

Sale price

$1,450,000

General information

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Address
Primary address
723 Avenue U
ZIP code
11223
Neighborhood
Homecrest
Borough
Brooklyn
Block & lot
07110-0043

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
2,600
Building dimensions
20 ft x 65 ft
Buildings on lot
1
Stories
2
Year built
1931
Building material
Sales
Sale date
05/29/2024
Sale price
$1,450,000
Tax
Tax year
2026-2027
Property tax
$7,180
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 80 ft
Lot sq. ft.
1,600

Area overview

Walk score
95 /100.  Walker's Paradise
Transit score
88 /100.  Excellent Transit
Bike score
75 /100.  Very Bikeable
School district
21
Community district
15
Closest police station
0.30 Miles
Closest fire station
0.06 Miles

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

Ownership

Ownership information for 723 Avenue U, Brooklyn, NY

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

Sales history for 723 Avenue U, Brooklyn, NY 11223

Sale date Sale price Buyer name Seller name
05/29/2024 $1,450,000 XXX XXX X XXX XXXXXXX, XX XXXXXXX, XXXXX XXX XXXXXXX, XX XXXXXXX, XXXXXXXX XXX XXX XXXXXXX XXXXXX XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/07/2024 - R
05/29/2024 - D		 Deed
(2024060500414001)		 XXXXXXX XX XXXXXXX XXXXX XXX XXX X XXX
11/19/2013 - R Initial UCC1
(2013111900905001)		 XXXXXXX XXXXXX XXXX XXXX XXX
10/23/2013 - R
09/11/2013 - D		 Deed
(2013091101492001)		 XXXXXXX XXXXXXXX XXXXXX XXXXXXX XX XXXXXXX XX XXXXXXX XXXXXX XXXXX
09/25/1997 - R Deed
(3260005771726)		 XX XXXXXX XXXX XXXXXXX XXXXXXXX
07/11/1994 - R Satisfaction of Mortgage
(3380004348638)		 XXXXX XXXXX
12/13/1993 - R Satisfaction of Mortgage
(3220001822122)		 XX XXXXXX XXXX XXXXX XXXXX
04/27/1992 - R Satisfaction of Mortgage
(3340001683334)		 X X XXXXXX XXXX XX XXXXXXX XXXXX
11/21/1984 - R Mortgage
(3930001053893)		 X X XXXXXX XXXX XX XXXXXXX XXXXX
10/04/1978 - R Mortgage
(37830102400043)		 X X XXXXXX XXXX XXXXX XXXXX
10/04/1978 - R Deed
(37830102400041)		 XXX XXX X XXXXXX XXXX XX XXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 723 Avenue U, 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
$7,180
Municipal exemptions
Recent tax assessments
Market value
$2,733,000
Assessed value
$163,980

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 $2,078,000 $124,680 $34,267 19.843% $6,800 $6,800 +4.72%
2024/25 $1,641,000 $98,460 $32,328 20.085% $6,493 $6,493 +6.00%
2023/24 $1,450,000 $87,000 $30,499 20.085% $6,126 $6,126 +0.03%
2022/23 $1,138,000 $68,280 $30,154 20.309% $6,124 $6,124 +1.73%
2021/22 $1,027,000 $61,620 $30,154 19.963% $6,020 $6,020 +0.17%
2020/21 $1,084,000 $65,040 $28,556 21.045% $6,010 $6,010 +5.39%
2019/20 $943,000 $56,580 $26,940 21.167% $5,702 $5,702 +7.25%
2018/19 $786,000 $47,160 $25,416 20.919% $5,317 $5,317 +3.80%
2017/18 $733,000 $43,980 $25,128 20.385% $5,122 $5,122 +1.97%
2016/17 $611,000 $36,660 $25,128 19.991% $5,023 $5,023 +7.95%
Permits

Permit information for 723 Avenue U, 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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
3

Subway & traffic

Closest station
15th St & Avenue U at SE Corner
Station lines
B-Q
Distance (miles)
0.395
View subway map

Access the detailed traffic volume map for 723 Avenue U, 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

Neighbors for 723 Avenue U, Brooklyn, NY

719 Avenue U, Brooklyn 96 Lake Pl, Brooklyn 2139 E 4th St, Brooklyn 2133 E 4th St, Brooklyn 2129 W 10th St, Brooklyn 2149 W 9th St, Brooklyn 2180 W 6th St, Brooklyn 2024 E 1st St, Brooklyn 81 Lake Pl, Brooklyn 2151 E 3rd St, Brooklyn 2153 E 3rd St, Brooklyn 2124 W 10th St, Brooklyn 2121 E 4th St, Brooklyn 2086 E 5th St, Brooklyn 2725 86th St, Brooklyn 133 Avenue V, Brooklyn 121 Avenue V, Brooklyn 2125 E 4th St, Brooklyn 404 Avenue S, Brooklyn 2128 A E 3rd St, Brooklyn

Nearby ZIP codes for 723 Avenue U, 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 723 Avenue U, Brooklyn, NY 11223?

The development at 723 Avenue U, Brooklyn, NY 11223 was built in 1931.

What is the market value of 723 Avenue U, Brooklyn, NY 11223?

The current market value of 723 Avenue U, Brooklyn, NY 11223 is $2,733,000.

What is the total square footage of 723 Avenue U, Brooklyn, NY 11223?

723 Avenue U, Brooklyn, NY 11223 has a total of 2,600 square feet.

What is the price per square foot for this property?

$557 per square foot is the price for 723 Avenue U, Brooklyn, NY 11223.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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