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388 Prospect Avenue, Brooklyn, NY 11215 Property Information

388 Prospect Avenue, Brooklyn, NY 11215 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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388 Prospect Avenue, Brooklyn, NY 11215 1
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Address

Primary address 388 Prospect Avenue
Neighborhood Park Slope
Zip code 11215
Borough Brooklyn
Block & lot 00869-0018

Sales & Tax Overview for 388 Prospect Avenue, Brooklyn

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Tax class

Lot & Building Information for 388 Prospect Avenue, Brooklyn

Lot sqft 2,004
Lot dimensions 25 ft x 80.17 ft
Building class Five to Six Families (C2) i
Building sqft 4,308
Building dimensions 25 ft x 60 ft
Buildings on lot 1
Stories 3
Year built 1931
Construction type
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Zoning & Use for 388 Prospect Avenue, Brooklyn

Zoning
Residential units (DOF) 6
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 0.81 Miles
Closest fire station 0.33 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 388 Prospect Avenue, Brooklyn

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Floor area ratio (FAR) for 388 Prospect Avenue, Brooklyn, NY 11215, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 388 Prospect Avenue, Brooklyn, NY 11215, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 388 Prospect Avenue, Brooklyn

What is the year built & the total sq. ft. for 388 Prospect Avenue, Brooklyn, NY 11215?

388 Prospect Avenue, Brooklyn, NY 11215 was built in 1931 and has a total of 4,308 square feet.

What is the assessed value of 388 Prospect Avenue, Brooklyn, NY 11215?

The assessed market value for the current tax year is $796,950.

When was 388 Prospect Avenue, Brooklyn, NY 11215 last sold and what was the last sale price?

388 Prospect Avenue, Brooklyn, NY 11215 was last sold in 03/18/2026 for $2,725,000.

How many residential units does this building have?

This building has 6 residential unit(s).

Ownership Information for 388 Prospect Avenue, Brooklyn

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Property owner name for 388 Prospect Avenue, Brooklyn, NY 11215
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Building contacts for 388 Prospect Avenue, Brooklyn, NY 11215
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 388 Prospect Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 388 Prospect Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
12/07/2006 - D
12/15/2006 - R
Deed
(2006121301825001)
07/31/2000 - R Satisfaction of Mortgage
(3190007284319)
07/27/2000 - R UCC3 Termination
(3190007261019)
04/14/2000 - R UCC3 Continuation
(3450007107445)
03/14/1995 - R UCC3 Continuation
(3590004671759)
07/10/1990 - R UCC1
(3550001861655)
07/10/1990 - R Initial UCC1
(3500004671750)
06/26/1990 - R Uniform Commercial Code 1
(3720001861472)
04/23/1986 - R Uniform Commercial Code 1
(3310001838531)
04/23/1986 - R Assignment, Mortgage
(3670001161467)
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R: Recorded date
D: Document date

Property Taxes for 388 Prospect Avenue, Brooklyn

Access detailed property tax data for 388 Prospect Avenue, Brooklyn, NY 11215. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $0
Tax assessor's market value: $1,771,000
Assessed value: $796,950
Exemptions granted by city:

Assessment History for 388 Prospect Avenue, Brooklyn

Here's the assessment & property tax history for 388 Prospect Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $1,771,000 $796,950 $0 12.439% $7,102 $0 n/a
2024/25 $1,552,800 $698,760 $0 12.5% $7,137 $0 n/a
2023/24 $1,294,000 $582,300 $0 12.502% $6,911 $0 n/a
2022/23 $1,078,000 $485,100 $0 12.267% $6,281 $0 n/a
2021/22 $862,000 $387,900 $0 12.235% $5,803 $0 n/a

Permits for 388 Prospect Avenue, Brooklyn

The complete history of permits filed for 388 Prospect Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
09/19/2019 Alteration type 1
05/14/2018 Alteration
02/22/2018 Alteration type 2
02/27/2017 Alteration type 1
02/22/2017 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Prospect Park West & 16th St at NE Corner
Station lines F
Distance (miles) 0.3
View subway map
Bus Routes
Name 7 Av/Prospect Av
Line B67
Distance (miles) 0.065

Neighbors for 388 Prospect Avenue, Brooklyn

Here are the neighbors for 388 Prospect Avenue, Brooklyn, NY 11215.

Address Square feet Purchase date Purchase price
499 7th Ave, Brooklyn 75,783
359 17th St, Brooklyn 1,056 11/03/2025 $1,265,000
392 Prospect Ave, Brooklyn 6,752 06/20/2005 $1,300,000
410 Prospect Ave, Brooklyn 3,000 03/22/2013 $1,410,000
330 Prospect Ave, Brooklyn 9,100
349 17th St, Brooklyn 3,663 04/29/2020 $999,990
351 17th St, Brooklyn 3,663 11/27/2002
398 Prospect Ave, Brooklyn 2,016 09/08/2016
355 17th St, Brooklyn 1,056 09/18/1998
396 Prospect Ave, Brooklyn 2,016 10/02/1988
390 Prospect Ave, Brooklyn 6,752 10/05/1973
404 Prospect Ave, Brooklyn 3,510 03/24/2005 $965,000
408 Prospect Ave, Brooklyn 3,000 04/11/2003 $100,000
406 Prospect Ave, Brooklyn 3,000 07/18/2017 $1,650,000
353 17th St, Brooklyn 2,550 05/17/2021
400 Prospect Ave, Brooklyn 2,016 09/23/2014 $1,425,000
347 17th St, Brooklyn 6,500 05/15/2023 $2,450,000
402 Prospect Ave, Brooklyn 2,016 01/14/2002
357 17th St, Brooklyn 1,056 11/10/2003
361 17th St, Brooklyn 1,620 06/14/2011 $945,000
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