88 5 Avenue
Brooklyn · 11217 · BBL 3009340045
88 5 Avenue is a mixed residential and commercial building in Boerum Hill, Brooklyn, ZIP 11217. City records date it to 1920 and count 6 residential units of 7 total. The city's property file lists the owner of record as Townhouse Rental VII, L.L.C. Its most recent total assessed value is $739K.
The ownership chain
The most recent recorded deed is dated Apr 24, 2025, transferring the lot to Townhouse Rental VII LLC for a stated $7.2M. PulseCities holds 1 recorded deed for this lot. Deeds recorded through July 31, 2026, the most recent day the city has published.
A deed names a party of record. Stated consideration of $0 usually marks a transfer between related parties rather than a sale.
Ownership transfers
| Party taking title | Recorded | Amount |
|---|---|---|
| Incref Investments CB Term Seller LLCASST from American Life & Security CORP | Apr 24, 2025 | |
| Incref Investments CB Term Seller LLCASST from American Life & Security CORP | Apr 24, 2025 | |
| Townhouse Rental VII LLCDEED from 88 5 Ave LLC | Apr 24, 2025 | $7.2M |
Deeds and assignments recorded in ACRIS, one row per document. Amount is the stated consideration; $0 often marks a non-arms-length transfer. An assignment moves a lender's paper and is not a sale. Source: NYC ACRIS, current through July 31, 2026.
What the eviction record shows
No executed eviction is on record at 88 5 Avenue in the citywide marshal file, which runs from April 2024.
Rent stabilization at this address
DHCR registration records list 4 rent-stabilized units at this building in 2022, the most recent year PulseCities holds. Registration is building-level and does not settle the status of any single apartment; the rent history does. Checking your own apartment starts with the free rent history. How to check rent-stabilized status →
311 housing complaints
26 complaints in the past 12 months
NYC 311 housing and building complaints logged for this address. Source: NYC 311, current through August 26, 2026.
How 88 5 Avenue compares in 11217
PulseCities tracks 3,987 lots in 11217, of which 54 carry an executed eviction from the marshal record, which starts in April 2024, and 242 carry a deed from the shorter ACRIS window. 11217 scores 32.4 out of 100 for displacement pressure, 85 of 177 scored NYC ZIP codes. The full signal breakdown for Boerum Hill →
What else this owner holds
Townhouse Rental VII LLC took title to 8 other buildings in the deed record. A shared buyer on a deed is a fact about the filing, not proof that one operation runs them all:
Watch 88 5 Avenue
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Questions about 88 5 Avenue
Who owns 88 5 Avenue?
The most recent deed on file for 88 5 Avenue names Townhouse Rental VII LLC. Deeds record the party that took title, which is often a holding company rather than the operator managing the building. That deed was recorded Apr 24, 2025.
How much did 88 5 Avenue sell for?
The most recent deed states a consideration of $7.2M, recorded Apr 24, 2025 in ACRIS. Stated consideration is what the parties filed, and it can differ from the economics of the deal.
Have there been evictions at 88 5 Avenue?
No executed eviction at 88 5 Avenue appears in the NYC evictions dataset, which PulseCities holds from April 2024 forward. Executed evictions are the end of the process, so a building with none may still have active housing court cases.
Is 88 5 Avenue rent stabilized?
DHCR registrations list 4 stabilized units at this building in 2022. Registration is building-level, so it does not settle whether one apartment is stabilized. The free rent history from NYS Homes and Community Renewal does.
What is the displacement risk around 88 5 Avenue?
11217 (Boerum Hill) scores 32.4 out of 100 on the PulseCities displacement index. The score reads five ZIP-level signals: eviction rate, LLC acquisition rate, permit intensity, assessment spikes, and 311 complaint volume. It describes the area around the building, not the building itself.
Sourced from NYC public records: ACRIS deeds, DOB permits, the NYC evictions dataset, and 311. Records reflect what agencies have published and can lag events.