Kings  »  11238  »  Prospect Pl  »  497 Prospect Pl

497 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 497 Prospect Pl

Property image for 497 Prospect Place, Brooklyn, NY 11238
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Property type

Over Six Families without Stores (C1)

Year built

1910

Lot sq. ft.

3,000

Sale price

$550,000

General information

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

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
8,097
Building dimensions
30 ft x 84 ft
Buildings on lot
1
Stories
4
Year built
1910
Building material
Sales
Sale date
09/20/2011
Sale price
$550,000
Tax
Tax year
2026-2027
Property tax
$60,671
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
30 ft x 100 ft
Lot sq. ft.
3,000

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
95 /100.  Biker's Paradise
School district
17
Community district
8
Closest police station
0.80 Miles
Closest fire station
0.17 Miles

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

Ownership

Ownership information for 497 Prospect Place, Brooklyn, NY

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

Sales history for 497 Prospect Place, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
09/20/2011 $550,000 XXXX XXXXXXX XXXXXXX XXX XXX XXXXXXXX XXXXX XXXXXX XXX
06/19/2008 $90,000 XXX XXXXXXXX XXXXX XXXXXX XXX XXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/20/2023 - R
09/01/2023 - D		 Agreement
(2023110800906005)		 XXXX XXXXXXXX XXXXXX XXX XX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
11/15/2023 - R
09/01/2023 - D		 Agreement
(2023110800690002)		 XXXX XXXXXXX XXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
02/14/2023 - R Initial UCC1
(2023021000661001)		 XXXX XXXXXXX XXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
03/05/2018 - R UCC3 Assignment
(2018030101221002)		 XXXX XXXXXXX XXXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
03/05/2018 - R
02/27/2018 - D		 Assignment, Mortgage
(2018030101221001)		 XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
11/29/2017 - R Initial UCC1
(2017112300012005)		 XXXX XXXXXXX XXXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
11/29/2017 - R
11/21/2017 - D		 Assignment, Mortgage
(2017112300012004)		 XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
11/29/2017 - R
11/21/2017 - D		 Agreement
(2017112300012003)		 XXXX XXXXXXX XXXXXXX XXX XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX
11/29/2017 - R
11/21/2017 - D		 Mortgage
(2017112300012002)		 XXXX XXXXXXX XXXXXXX XXX XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX
11/29/2017 - R
11/17/2017 - D		 Termination of Assign of L&R
(2017112300012006)		 XXX XXXX XXXXXXXXX XXXX XXXX XXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 497 Prospect Place, 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
$60,671
Municipal exemptions
Recent tax assessments
Market value
$2,673,000
Assessed value
$1,202,850

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 $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%
2020/21 $1,643,000 $739,350 $347,400 12.267% $42,616 $42,616 +6.22%
2019/20 $1,531,000 $688,950 $321,667 12.473% $40,122 $40,122 +6.10%
2018/19 $1,700,000 $765,000 $299,827 12.612% $37,814 $37,814 -0.30%
2017/18 $1,441,000 $648,450 $298,209 12.719% $37,929 $37,929 +0.74%
2016/17 $1,307,000 $588,150 $292,034 12.892% $37,649 $37,649 +7.53%
Permits

Permit information for 497 Prospect Place, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/20/2023 Lblvio-low pressure boiler boiler required
06/20/2023 Lblvio-low pressure boiler boiler required
04/13/2022 Aeuhaz1-fail to certify class 1

*Most recent DOB violations on record 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

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Franklin Ave & Park Pl at NW Corner
Station lines
FS
Distance (miles)
0.135
View subway map

Access the detailed traffic volume map for 497 Prospect Place, 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

Neighbors for 497 Prospect Place, Brooklyn, NY

455 Prospect Pl, Brooklyn 698 Classon Ave, Brooklyn 430 St Marks Ave, Brooklyn 459 Prospect Pl, Brooklyn 436 St Marks Ave, Brooklyn 465 Prospect Pl, Brooklyn 440 A St Marks Ave, Brooklyn 438 St Marks Ave, Brooklyn 432 St Marks Ave, Brooklyn 493 Prospect Pl, Brooklyn 487 Prospect Pl, Brooklyn 475 Prospect Pl, Brooklyn 469 Prospect Pl, Brooklyn 706 Classon Ave, Brooklyn 452 St Marks Ave, Brooklyn 479 Prospect Pl, Brooklyn 428 A St Marks Ave, Brooklyn 489 Prospect Pl, Brooklyn 471 Prospect Pl, Brooklyn

Nearby ZIP codes for 497 Prospect Place, 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 497 Prospect Place, Brooklyn, NY 11238?

The development at 497 Prospect Place, Brooklyn, NY 11238 was built in 1910.

What is the total square footage of 497 Prospect Place, Brooklyn, NY 11238?

497 Prospect Place, Brooklyn, NY 11238 has a total of 8,097 square feet.

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

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

What is the assessed value of 497 Prospect Place, Brooklyn, NY 11238?

497 Prospect Place, Brooklyn, NY 11238 is currently assessed at $1,202,850.

What are the property taxes for 497 Prospect Place, Brooklyn, NY 11238?

The property taxes for 497 Prospect Place, Brooklyn, NY 11238 total $60,671.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

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