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497 Prospect Place, Brooklyn, NY 11238 Property Information

497 Prospect Place, Brooklyn, NY 11238 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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497 Prospect Place, Brooklyn, NY 11238 1
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Address

Primary address 497 Prospect Place
Neighborhood Prospect Heights
Zip code 11238
Borough Brooklyn
Block & lot 01155-0057

Sales & Tax Overview for 497 Prospect Place, Brooklyn

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Purchase date 09/20/2011
Purchase price $550,000
Tax class
Estimated property tax $60,671

Lot & Building Information for 497 Prospect Place, Brooklyn

Lot sqft 3,000
Lot dimensions 30 ft x 100 ft
Building class Over Six Families without Stores (C1) i
Building sqft 8,097
Building dimensions 30 ft x 84 ft
Buildings on lot 1
Stories 4
Year built 1910
Construction type
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Zoning & Use for 497 Prospect Place, Brooklyn

Zoning
Residential units (DOF) 8
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 8
Closest police station 0.80 Miles
Closest fire station 0.17 Miles

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

Other Property Data for 497 Prospect Place, Brooklyn

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Floor area ratio (FAR) for 497 Prospect Place, Brooklyn, NY 11238, 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 497 Prospect Place, Brooklyn, NY 11238, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 497 Prospect Place, Brooklyn

What is the year built & the total sq. ft. for 497 Prospect Place, Brooklyn, NY 11238?

497 Prospect Place, Brooklyn, NY 11238 was built in 1910 and has a total of 8,097 square feet.

What is the assessed value of 497 Prospect Place, Brooklyn, NY 11238 and the property tax paid?

Assessed at $1,238,850, the tax amount paid for 497 Prospect Place, Brooklyn, NY 11238 is $56,177. For the next year, the tax amount for 497 Prospect Place, Brooklyn, NY 11238 is estimated at $60,671.

When was 497 Prospect Place, Brooklyn, NY 11238 last sold and what was the last sale price?

497 Prospect Place, Brooklyn, NY 11238 was last sold in 09/20/2011 for $550,000.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 497 Prospect Place, Brooklyn

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Property owner name for 497 Prospect Place, Brooklyn, NY 11238
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Building contacts for 497 Prospect Place, Brooklyn, NY 11238
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 497 Prospect Place, Brooklyn

Create a free account to view the complete sales history for 497 Prospect Place, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
09/20/2011 $550,000
06/19/2008 $90,000
       
       
       
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Title Documents for 497 Prospect Place, 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
09/01/2023 - D
11/20/2023 - R
Agreement
(2023110800906005)
09/01/2023 - D
11/15/2023 - R
Agreement
(2023110800690002)
02/14/2023 - R Initial UCC1
(2023021000661001)
03/05/2018 - R UCC3 Assignment
(2018030101221002)
02/27/2018 - D
03/05/2018 - R
Assignment, Mortgage
(2018030101221001)
11/29/2017 - R Initial UCC1
(2017112300012005)
11/21/2017 - D
11/29/2017 - R
Assignment, Mortgage
(2017112300012004)
11/21/2017 - D
11/29/2017 - R
Agreement
(2017112300012003)
11/21/2017 - D
11/29/2017 - R
Mortgage
(2017112300012002)
11/17/2017 - D
11/29/2017 - R
Termination of Assign of L&R
(2017112300012006)
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R: Recorded date
D: Document date

Property Taxes for 497 Prospect Place, Brooklyn

Access detailed property tax data for 497 Prospect Place, Brooklyn, NY 11238. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $56,177
Estimated property tax: $60,671
Tax assessor's market value: $2,753,000
Assessed value: $1,238,850

Assessment History for 497 Prospect Place, Brooklyn

Here's the assessment & property tax history for 497 Prospect Place, 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 $2,753,000 $1,238,850 $451,620 12.439% $56,177 $56,177 +7.47%
2024/25 $2,582,400 $1,162,080 $418,167 12.5% $52,271 $52,271 +7.27%
2023/24 $2,152,000 $968,400 $389,775 12.502% $48,730 $48,730 +2.47%
2022/23 $2,115,000 $951,750 $387,672 12.267% $47,556 $47,556 +3.60%
2021/22 $1,692,000 $761,400 $375,192 12.235% $45,905 $45,905 +7.72%

Permits for 497 Prospect Place, Brooklyn

The complete history of permits filed for 497 Prospect Place, 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
12/06/2017 Alteration type 2
12/07/2011 Alteration type 2
12/06/2011 Alteration type 2
10/13/2010 Alteration type 2
01/11/2005 Alteration type 1
05/13/2002 Alteration type 1
05/13/2002 Alteration type 1
05/10/2002 Alteration type 1
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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

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Risk

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

Transportation

Distance to Subway
Closest station Franklin Ave & Park Pl at NW Corner
Station lines FS
Distance (miles) 0.135
View subway map
Bus Routes
Name Classon Av/Prospect Pl
Line B48
Distance (miles) 0.018

Neighbors for 497 Prospect Place, Brooklyn

Here are the neighbors for 497 Prospect Place, Brooklyn, NY 11238.

Address Square feet Purchase date Purchase price
455 Prospect Pl, Brooklyn 8,884 01/22/2004 $250,000
698 Classon Ave, Brooklyn 32,112
430 St Marks Ave, Brooklyn 2,849 10/12/2004 $493,000
459 Prospect Pl, Brooklyn 8,884 11/30/1988
436 St Marks Ave, Brooklyn 2,772 12/02/2016 $2,090,000
465 Prospect Pl, Brooklyn 9,556 05/29/2002
440 A St Marks Ave, Brooklyn 1,848 11/21/2005 $777,500
438 St Marks Ave, Brooklyn 1,848 08/21/1986
432 St Marks Ave, Brooklyn 1,848 11/22/2002 $350,810
493 Prospect Pl, Brooklyn 7,953 10/16/2013 $1,810,000
487 Prospect Pl, Brooklyn 8,884 06/01/2006 $250,000
475 Prospect Pl, Brooklyn 8,884
469 Prospect Pl, Brooklyn 8,884 04/30/2003
706 Classon Ave, Brooklyn 6,124 02/29/2012 $1,000,000
452 St Marks Ave, Brooklyn 6,054 05/29/2002
479 Prospect Pl, Brooklyn 8,884 08/13/2002
428 A St Marks Ave, Brooklyn 1,848 02/19/2015 $1,370,000
489 Prospect Pl, Brooklyn 10,752 01/16/2026 $2,600,000
471 Prospect Pl, Brooklyn 8,884 11/30/1988
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