New York City » 11215 » Prospect Ave » 540 Prospect Ave

540 Prospect Avenue, Brooklyn, NY 11215 - Property report

Also known as: 540 Prospect Ave

Property image for 540 Prospect Avenue, Brooklyn, NY 11215

Property type

Two Family Brick (B1)

Year built

1925

Lot sq. ft.

2,500

Sale price

$2,945,000

General information

Address

Primary address

540 Prospect Avenue

Alternate address(es)

540 Garage Prospect Ave

ZIP code

11215

Neighborhood

Windsor Terrace

Borough

Brooklyn

Block & lot

00871-0033

Building

Property type

Two Family Brick (B1)

Building sq. ft.

3,400

Building dimensions

21 ft x 65 ft

Buildings on lot

Stories

Year built

1925

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Garage type

Detached, Frame Garage

Sales

Sale date

10/22/2024

Sale price

$2,945,000

Tax

Tax year

2026-2027

Property tax

$11,943

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Prospect Avenue (wide)

Distance to wide street

Lot dimensions

24 ft x 100 ft

Lot sq. ft.

2,500

Area overview

Walk score

94 /100. Walker's Paradise

Transit score

94 /100. Rider's Paradise

Bike score

85 /100. Very Bikeable

School district

Community district

Closest police station

1.07 Miles

Closest fire station

0.49 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 540 Prospect Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 540 Prospect Avenue, Brooklyn, NY 11215

Sale date	Sale price	Buyer name	Seller name
10/22/2024	$2,945,000	XXXX, XXXX XXX XXXXXXXXXX, XXXXX	XXXXXXX, XXXXXX
01/15/2014	$840,075	XXXXXXX, XXXXXX	XXXXXXX, XXXXXX XXX XXXXXXXXXX, XXXXX
08/01/2007	$1,303,000	XXXXXXX, XXXXXX XXX XXXXXXXXXX, XXXXX	XXXXX, XXXX XXX XXXXXXX, XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
12/20/2024 - R 10/22/2024 - D	Agreement (2024111800500001)	XXXX XXXX	XXXX
11/08/2024 - R 10/22/2024 - D	Mortgage (2024103000613004)	XXXX XXXX	XXXX
11/08/2024 - R 10/22/2024 - D	Deed (2024103000613003)	XXXXXXX XXXXXX	XXXX XXXX
11/08/2024 - R 09/10/2024 - D	Assignment, Mortgage (2024103000613002)	XXXX XX XXXXXXX X X	XXXX
11/08/2024 - R 09/04/2024 - D	Assignment, Mortgage (2024103000613001)	XXXX XX XXXXXXX X X	XXXX
05/21/2014 - R 05/09/2014 - D	Satisfaction of Mortgage (2014050900153001)	XXXXXXX XXXXXX	XXXX XXXXXXXX XXXXXXXXXXX (XXX)
05/21/2014 - R 05/09/2014 - D	Satisfaction of Mortgage (2014050900142001)	XXXXXXX XXXXXX	XXXX XXXXXXXX XXXXXXXXXXX (XXX)
05/23/2014 - R 04/30/2014 - D	Mortgage (2014051600746002)	XXXXXXX XXXXXX	XXXX XX XXXXXXX X X
05/23/2014 - R 04/30/2014 - D	Mortgage (2014051600746001)	XXXXXXX XXXXXX	XXXX XX XXXXXXX X X
02/06/2014 - R 01/15/2014 - D	Deed (2014012700718001)	XXXXXXX XXXXXX	XXXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 540 Prospect Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$11,943

Municipal exemptions

Recent tax assessments

Market value

$4,297,000

Assessed value

$257,820

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$4,292,000	$257,520	$57,392	19.843%	$11,388	$11,388	-0.58%
2024/25	$3,861,000	$231,660	$57,034	20.085%	$11,455	$11,455	+4.46%
2023/24	$3,520,000	$211,200	$54,598	20.085%	$10,966	$10,966	+6.20%
2022/23	$2,996,000	$179,760	$50,843	20.309%	$10,622	$10,326	+6.18%
2021/22	$3,184,000	$191,040	$48,715	19.963%	$10,012	$9,725	-0.44%
2020/21	$2,977,000	$178,620	$46,417	21.045%	$10,065	$9,768	+0.05%
2019/20	$2,367,000	$142,020	$46,128	21.167%	$10,060	$9,764	+2.59%
2018/19	$2,611,000	$156,660	$45,498	20.919%	$9,518	$9,518	+10.86%
2017/18	$2,666,000	$159,960	$42,116	20.385%	$8,885	$8,585	+6.71%
2016/17	$1,975,000	$118,500	$40,246	19.991%	$8,355	$8,046	+7.50%

Permits

Permit information for 540 Prospect Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
10/02/2019	Alteration type 2
03/13/2009	Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Windsor Terrace residential market stats

Access a detailed real estate market overview of Windsor Terrace so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Windsor Terrace and compare it to other neighborhoods in Brooklyn.

Median sale price

$820,000

-18% Y-o-Y

Median price/sq. ft.

$900

-8.6% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Howard Pl & Windsor Pl at NE Corner

Station lines

Distance (miles)

0.132

View subway map

Access the detailed traffic volume map for 540 Prospect Avenue, Brooklyn, NY 11215 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Windsor Terrace School (The)	8	Yes	Public	K-5	413	0.21
Holy Name Of Jesus School	NR	No	Private	PK, K-8	239	0.14
Holy Name Of Jesus School	NR	No	Private	PK, K-8	239	0.14
St. Joseph the Worker Catholic Academy	NR	No	Private	PK-8	186	0.15
St. Joseph the Worker Catholic Academy	NR	No	Private	PK-8	186	0.15
P.S. 107 John W Kimball	8	No	Public	PK, K-5	501	0.39
P.S. 107 John W Kimball	8	No	Public	PK, K-5	501	0.39
P.S.10 Magnet School for Math, Science & Design Technology	8	No	Public	K-5	829	0.40
P.S. 53	NR	No	Public	K-12	410	0.46
P.S. 295	7	No	Public	PK, K-5	242	0.53

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Holy Name Of Jesus School	NR	No	Private	PK, K-8	239	0.14
St. Joseph the Worker Catholic Academy	NR	No	Private	PK-8	186	0.15
Brooklyn Urban Garden Charter School	6	No	Charter	6-8	310	0.16
MS 442 Carroll Gardens School for Innovation	9	No	Public	6-8	344	0.16
Jhs 88 Peter Rouget	6	No	Public	6-8	1,024	0.46
P.S. 53	NR	No	Public	K-12	410	0.46
New Voices School Of Academic And Creative Arts	9	No	Public	6-8	530	0.53
International Christian School	NR	No	Private	PK-12	85	0.65
Brooklyn Prospect Charter School	NR	No	Charter	8-12	677	0.66
Saint Saviour Catholic Academy	NR	No	Private	PK, K-8	370	0.66

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Mesilas Bais Yaakov	NR	No	Private	9-12	260	0.27
P.S. 53	NR	No	Public	K-12	410	0.46
Yeshiva Machzikel Hadas	NR	No	Private	12	0	0.61
International Christian School	NR	No	Private	PK-12	85	0.65
Brooklyn Prospect Charter School	NR	No	Charter	8-12	677	0.66
BROOKLYN PROSPECT CS -CSD 15.2	7	No	Charter	K-1, 6-12	1,084	0.67
St Saviour High School	NR	No	Private	9-12	400	0.67
Brooklyn College Academy	7	No	Public	9-12	631	0.72
John Jay School for Law	3	No	Public	9-12	461	0.82
Park Slope Collegiate	4	No	Public	6-12	577	0.82

Frequently asked questions

What is the year built for 540 Prospect Avenue, Brooklyn, NY 11215?

The development at 540 Prospect Avenue, Brooklyn, NY 11215 was built in 1925.

What is the total square footage of 540 Prospect Avenue, Brooklyn, NY 11215?

540 Prospect Avenue, Brooklyn, NY 11215 has a total of 3,400 square feet.

When was 540 Prospect Avenue, Brooklyn, NY 11215 last sold and what was the sale price?

540 Prospect Avenue, Brooklyn, NY 11215 was last sold on 10/22/2024 for $2,945,000.

What is the assessed value of 540 Prospect Avenue, Brooklyn, NY 11215?

540 Prospect Avenue, Brooklyn, NY 11215 is currently assessed at $257,820.

What are the property taxes for 540 Prospect Avenue, Brooklyn, NY 11215?

The property taxes for 540 Prospect Avenue, Brooklyn, NY 11215 total $11,942.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.