NYC property data › Brooklyn › Borough Park & Kensington › 1198 Avenue L

1198 Avenue L

Borough Park & Kensington, Brooklyn · Public facilities & institutions · BBL 3054951000

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1Units
4Floors
48,000Building sq ft
8,800Lot sq ft
1988Year built
R6AZoning
5.45 of 3.00Built FAR
1993Last sale
0DOB permits
0Open violations

Who owns this building?

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Sales history

RecordedDocumentAmount
1993-07-21Deednot recorded
1993-04-21Correction deednot recorded
1992-10-01Deednot recorded
1988-10-14Deednot recorded
1984-09-14Deednot recorded
1982-03-18Deednot recorded
1974-06-04Deednot recorded
1968-09-19Deednot recorded
1968-09-19Deednot recorded

Source: NYC ACRIS. A $0 amount means the deed records no consideration — common on estate, correction and in-family transfers, and not a sale price of zero.

Owner debt & loan position

The most recent open mortgage recorded against this lot, when it was recorded, and how far into its term it is.

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Who finances deals like this

The lenders with the most recorded special purpose mortgages in Brooklyn since 2021, from public ACRIS filings.

  1. Build NYC Resource Corporation — 12 loans, typically $2.11M–$12.05M
  2. Bankunited, N.a. — 10 loans, typically $719K–$19.4M
  3. Mavik Mortgage Portfolio Ii LLC — 3 loans, typically $884K–$19.3M
  4. Bklyn 2025-02 Lender, LLC — 3 loans, typically $410K–$6.85M
  5. The Bank Of New York Mellon — 11 loans, typically $3.43M–$17.84M
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Major property owners in Borough Park & Kensington

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Development & air rights

182% Utilization — built floor area as a share of the estimated as-of-right maximum

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Estimated from NYC PLUTO zoning data. This is not a zoning analysis — confirm with a zoning attorney or architect before relying on it. As-of-right only: excludes bonuses, air-rights transfers and variances.

Compiled from NYC Open Data: PLUTO (lot and building attributes), ACRIS (deeds and mortgages), DOB NOW (permits) and HPD (violations). Public record, presented as recorded; Crezly does not warrant it. BBL 3054951000 · data refreshed 2026-11-07