Free account includes 3 full due diligence reports — no credit card requiredSign Up Free →
← Address Lookup
NYC Building Records · BBL 3010850025

588 5 STREET

Brooklyn · Block 1085 · Lot 25 · Two-family brick (Class B1)

588 5 STREET is a Class B1 (two-family brick) building in Brooklyn (BBL 3010850025) built in 1892, with 2 residential units across 3 floors.

The building is in NYC community district 306, council district 39, zoning district R7B, on a 2,000-square-foot lot with a building footprint of 3,744 square feet.

The current registered owner of record per NYC PLUTO is KGIL, MINCHUNG.

MetroDeeds shows no confirmed ACRIS deed transfer for this BBL in the last 5 years of recorded NYC public-records data.

Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.

Owner of record

KGIL, MINCHUNG

Most recent deed

Last transferred on Jul 15, 2016 for $3.4M to Kgil, Minchung.
Previous owner: Green, Mark W; Poppele, Kristen E
Mortgage: $2.4M recorded Jul 15, 2016 with Mers. Loan-to-value: 70%.
🔒 See full deed history for this building →

Recent ACRIS documents (last 5)

DateTypeAmountParties
Jul 15, 2016MTGE$2.4MParties redacted — full names in MetroDeeds Scout+
Jul 15, 2016DEED$3.4MParties redacted — full names in MetroDeeds Scout+
Jul 6, 2011DEED$2.5MParties redacted — full names in MetroDeeds Scout+
Jul 6, 2011MTGE$450KParties redacted — full names in MetroDeeds Scout+
Jul 6, 2011MTGE$700KParties redacted — full names in MetroDeeds Scout+
🔒 Unlock party names + multi-decade history →

Building stats

Units
2
Year built
1892
Class
B1
Borough
Brooklyn
Zoning:
R7B
Lot size:
2,000 sqft
Building area:
3,744 sqft
Floors:
3
Assessed value:
$314K
Community district:
306
Council district:
39

HPD violations

0 open
No open violations on record. Source: NYC HPD.
🔒 See full violation history →

Recent HPD violation details

No open HPD violations recorded for this building.

Recent ACRIS activity

5 documents in the last 5 years (most recent Jul 15, 2016).

Frequently asked questions about 588 5 STREET

Who owns 588 5 STREET?

The current registered owner of record for 588 5 STREET per NYC PLUTO is KGIL, MINCHUNG. MetroDeeds shows no confirmed ACRIS deed transfer for this BBL in the last 5 years of recorded NYC public-records data.

When was 588 5 STREET last sold?

MetroDeeds shows no confirmed ACRIS deed transfer for 588 5 STREET in the last 5 years of recorded NYC public-records data. NYC ACRIS coverage extends back to 1966; an absence in our 5-year window typically means either the BBL has not transacted recently, or the most recent recorded document is not a DEED type (such as a refinance rather than a sale).

How many HPD violations does 588 5 STREET have?

No open HPD housing-maintenance code violations are on record for 588 5 STREET. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.

What is the assessed value of 588 5 STREET?

NYC Department of Finance assesses 588 5 STREET at $314K for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.

What building class is 588 5 STREET and what does that mean?

588 5 STREET is NYC building class B1 — Two-family brick. A two-family residential building of brick construction, typically owner-occupied. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.

More from MetroDeeds

Go deeper on this building

Open full Landlord Intel for 588 5 STREET
Every deed, every violation, court cases, mortgages, and operator portfolio — in one panel.
Get the full deed history for 588 5 STREET
3 free reports per month with a MetroDeeds account. No credit card required.
Sign Up Free