New York City  »  11238  »  Prospect Pl  »  406 Prospect Pl

406 Prospect Place #Comm, Brooklyn, NY 11238 - Property report

Also known as: 406 Prospect Pl #Comm

Property image for 406 Prospect Place #Comm, Brooklyn, NY 11238
static Mapbox map

Property type

Condo - Commercial Unit of 2-10 Unit Building (R8)

Year built

2016

Lot sq. ft.

1,116

Sale price

$950,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
406 Prospect Place #Comm
ZIP code
11238
Neighborhood
Prospect Heights
Borough
Brooklyn
Block & lot
01161-1001

Owner

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Building
Property type
Condo - Commercial Unit of 2-10 Unit Building (R8)
Unit sq. ft.
1,643
Buildings on lot
1
Stories
4
Year built
2016
Building material
Sales
Sale date
04/24/2025
Sale price
$950,000
Tax
Tax year
2026-2027
Property tax
$3,702
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot sq. ft.
1,116

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
96 /100.  Biker's Paradise
School district
13
Community district
8

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

Ownership

Ownership information for 406 Prospect Place #Comm, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 406 Prospect Place #Comm, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
04/24/2025 $950,000 XXX XXXXXXXX XXXXX XXX XXXXX XXXXXXXX XXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/29/2025 - R
04/24/2025 - D		 Assignment of Leases and Rents
(2025042800524004)		 XXX XXXXXXXX XXXXX XXX XXXXXXXXXX XXXXXXXX XXX
04/29/2025 - R
04/24/2025 - D		 Mortgage
(2025042800524003)		 XXX XXXXXXXX XXXXX XXX XXXXXXXXXX XXXXXXXX XXX
04/29/2025 - R
04/24/2025 - D		 Power of Attorney
(2025042800524002)		 XXX XXXXXXXX XXXXX XXX XXXXX XXXXXXXX XXXXX XXX
04/29/2025 - R
04/24/2025 - D		 Deed
(2025042800524001)		 XXXXX XXXXXXXX XXXXX XXX XXX XXXXXXXX XXXXX XXX
01/17/2024 - R
01/09/2024 - D		 Maps
(2024011600946002)		 XXX XXX XXXXXXXX XXXXX XXXXXXXXXXX
01/17/2024 - R
07/25/2023 - D		 Amended Condo Declaration
(2024011600946001)		 XXXXX XXXXXXXX XXXXX XXX
01/12/2023 - R UCC3 Termination
(2023010300620003)		 XXXXX XXXXXXXX XXXXX XXX XXXXXXXXX XXXX
01/12/2023 - R
12/13/2022 - D		 Termination of Assign of L&R
(2023010300620002)		 XXXXXXXXX XXXX XXXXX XXXXXXXX XXXXX XXX
01/12/2023 - R
12/13/2022 - D		 Satisfaction of Mortgage
(2023010300620001)		 XXXXX XXXXXXXX XXXXX XXX XXXXXXXXX XXXX
11/17/2022 - R UCC3 Continuation
(2022111500640001)		 XXXXX XXXXXXXX XXXXX XXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 406 Prospect Place #Comm, 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
$3,702
Municipal exemptions
Recent tax assessments
Market value
$405,036
Assessed value
$182,266

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 $346,036 $155,716 $146,727 12.439% $18,251 $3,702 +33.04%
2024/25 $397,693 $178,962 $138,102 12.5% $17,263 $2,783 +62.33%
2023/24 $229,000 $103,050 $94,478 12.502% $11,812 $1,714 -8.66%
2022/23 $224,600 $101,070 $87,480 12.267% $10,731 $1,877 +77.73%
2021/22 $180,000 $81,000 $81,000 12.235% $9,910 $1,056 -91.50%
2020/21 $225,000 $101,250 $101,250 12.267% $12,420 $12,420 +5.37%
2019/20 $210,000 $94,500 $94,500 12.473% $11,787 $11,787 +33.92%
2018/19 $197,000 $88,650 $83,712 10.514% $8,801 $8,801 n/a
Permits

Permit information for 406 Prospect Place #Comm, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

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

Risk

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FEMA flood zones

Property location map
FEMA flood zones
-

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Washington Ave & Eastern Pkwy at NW Corner
Station lines
2-3
Distance (miles)
0.293
View subway map

Access the detailed traffic volume map for 406 Prospect Place #Comm, Brooklyn, NY 11238 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

Nearby ZIP codes for 406 Prospect Place #Comm, Brooklyn, NY

10002, New York City, NY 10038, New York City, NY 11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11221, New York City, NY 11225, New York City, NY 11226, New York City, NY 11231, New York City, NY 11232, New York City, NY 11233, New York City, NY 11237, New York City, NY

Frequently asked questions

What is the year built for 406 Prospect Place #Comm, Brooklyn, NY 11238?

The development at 406 Prospect Place #Comm, Brooklyn, NY 11238 was built in 2016.

What is the market value of 406 Prospect Place #Comm, Brooklyn, NY 11238?

The current market value of 406 Prospect Place #Comm, Brooklyn, NY 11238 is $405,036.

What is the total square footage of 406 Prospect Place #Comm, Brooklyn, NY 11238?

406 Prospect Place #Comm, Brooklyn, NY 11238 has a total of 1,643 square feet.

What is the price per square foot for this property?

$578 per square foot is the price for 406 Prospect Place #Comm, Brooklyn, NY 11238.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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