5120 Ave U, Brooklyn, NY 11234 Property Records

New York City property record for 5120 Ave U, Brooklyn, NY 11234

Property Summary

Property TypeRegional Shopping Center, Mall
Details2,401,524 sqft · built 1970
Lot Size20.7 acres (905,000 sqft)
OwnerCompany Name on Record
Last Sale$3,675,647 (Jan 2025)
Tax Bill$15,078,696 (2025)
Deeds & MortgagesMay 2023 Sale
Oct 2020 Line of Credit
+ 2 more
APN08470-0055

Property Details

APN / Parcel Number

Primary APN08470-0055
Alternative APNs
  • 2502084700055
  • 3-08470-0055

Interior

Units254 Units
Stories2 Stories
Building Area2,401,524 sqft Gross Area
Office7,549 sqft

Exterior

Year BuiltBuilt 1970
Effective Year BuiltEffective 1970
Lot Area905,000 sqft (20.7 acres)
Lot Dimensions859 ft deep x 930 ft wide
View / LotCorner
Garage Area1,119,947 sqft
Parking Spaces3501 Parking Spaces

Location & Zoning

Account Number3-08470-0055
Street Address5120 AVENUE U
CityBROOKLYN
StateNY
Zip11234
Property CategoryCommercial
Property TypeCommercial > Retail > Regional Shopping Center, Mall
Local Zoning CodeM3-1
Legal DescriptionLAND EASEMENT HELD BY CITY OF NEW YORK
Legal Block8470
Legal Lot Number55
JurisdictionKINGS (BROOKLYN) NY
Township / Civil DivisionBROOKLYN
Census Block Group2
Census Block2005
Census Tract69800

Owner

Source: New York City records, as of May 4, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of RecordCompany Name on Record
Mailing AddressATTN CHARLES DIGIOVANNA 145 PROGRESS PL, SPRINGDALE, OH 45246
Owner TypeCompany
VestingEstate

Deeds, Mortgages & Sale History

DateDocument
May 9, 2023Deed, Transfer
Oct 20, 2020Deed of Trust, Mortgage · Line of Credit
GLOBAL CORP TRUST (CT)
Jul 30, 2020Deed, Transfer
U.S. BANK NATIONAL ASSOCIATION
Dec 3, 2019Deed of Trust, Mortgage
JP MORGAN CHASE BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJan 16, 2025 · Amount on Record
Deed SaleJan 16, 2025 · Amount on Record
Prior SaleJul 30, 2020
Deed Document Number202516318
Prior Transfer DateJun 8, 2020
Prior Transfer Doc0000215693
Record UpdatedOct 29, 2026

May 2023: Deed, Transfer

Document TypeDeed
JurisdictionKINGS (BROOKLYN) NY
Recording DateMay 9, 2023
Property Address5120 AVENUE U, BROOKLYN, NY 11234
Document Number0000114600
Instrument DateDec 31, 2021
Instrument2023000114600
Transaction TypeTransfer
Record UpdatedMay 16, 2023

Transaction

Tax$0.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name
Address85 METRO WAY, SECAUCUS, NJ 07094-1905

Transferred To (Grantee/Buyer)

NameVerified Name
Address8310 TECHNOLOGY DR, CHARLOTTE, NC 28262-3387
Mail Care OfRACK ROOM SHOES INC. ATTN ERNIE SHORE CF
InvestorPossibly a Property Investor

October 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionKINGS (BROOKLYN) NY
Property Address5120 AVENUE U, BROOKLYN, NY 11234
Document Number0000016626
Instrument DateOct 20, 2020
Transaction TypeMortgage
Record UpdatedJan 28, 2021
Title CompanyCHICAGO TITLE COMPANY, CHICAGO TITLE INS CO

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address7 W 7TH ST CINCINNATI OH 452022424, CINCINNATI, OH 45202-2424

Mortgage

Document Number0000016626
DateJan 14, 2021
Instrument16626
Lender
NameGLOBAL CORP TRUST (CT)
Address1 FEDERAL ST, BOSTON, MA 02110-2012
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

July 2020: Deed, Transfer

Document TypeDeed
JurisdictionKINGS (BROOKLYN) NY
Recording DateJul 30, 2020
Property Address5120 AVENUE U, BROOKLYN, NY 11234
Document Number0000215693
Instrument DateJun 8, 2020
Instrument2020000215693
Transaction TypeTransfer
Record UpdatedAug 19, 2022

Transaction

Tax$0.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name
Address7 W 7TH ST, 7, CINCINNATI, OH 45202-2424

Transferred To (Grantee/Buyer)

NameVerified Name
Address7 W 7TH ST, CINCINNATI, OH 45202-2424

Mortgage

Document Number0000215695
DateJul 30, 2020
Instrument2020000215695
Lender
NameU.S. BANK NATIONAL ASSOCIATION
Agreement
AmountAmount Recorded

December 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionKINGS (BROOKLYN) NY
Property Address5120 AVENUE U, BROOKLYN, NY 11234
Document Number0000404308
Instrument DateDec 3, 2019
Transaction TypeMortgage
Record UpdatedDec 31, 2019
Title CompanyFIDELITY NATIONAL TITLE, FIDELITY NAT'L TITLE INS CO

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address401 WILSHIRE BLVD #700 SANTA MONICA CA 904011452, 700, SANTA MONICA, CA 90401-1452

Mortgage

Document Number0000404308
DateDec 11, 2019
Instrument404308
Lender
NameJP MORGAN CHASE BK
TypeBank
Address383 MADISON AVE, NEW YORK, NY 10179-0001
Agreement
AmountAmount Recorded

Tax Assessment & Valuation

Source: New York City assessment roll, as of May 4, 2026

Property Jurisdictions

TypeName
StateNew York
CountyKings County
MunicipalityNew York City
Unified School DistrictNew York City Department Of Education (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$147,153,600 (-1.15%) Land $36,532,350 Building $110,621,250$327,008,000 (+4.88%) Land $81,183,000 Building $245,825,000
2025$15,078,696.00 (+1.47%)
2023$14,860,576.00$148,868,550 Land $36,532,350 Building $112,336,200$311,777,800 Land $81,183,000 Building $230,594,800

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneNot on file
Flood Insurance CostPremium on Record
median of 31 policies
Nearby Flood Policies31 in force
Nearby Flood Claims26 (1983–2023)
Claims Outside the SFHA3 of 26
Most Recent ClaimSep 2023 · Severe Storm And Flooding
Claims by Event
  • Hurricane Sandy, Oct 2012 · 13 claims
  • Hurricane Irene, Aug 2011 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemNEW YORK CITY SYSTEM
serves 8,271,000 people · EPA ID NY7003493
Water SourceSurface water
Last State InspectionDec 2025
Lead10 ppb (2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureUncovered finished water reservoir
currently in violation since Feb 2017
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 811 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Optimum
Fiber · Cable
8,000 / 8,000
Verizon
Fiber · Fixed Wireless in parts of the area
2,300 / 2,300
T-Mobile
Fixed Wireless
100 / 20

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