Kings  »  11238  »  Prospect Pl  »  489 Prospect Pl

489 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 489 Prospect Pl

Property image for 489 Prospect Place, Brooklyn, NY 11238
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Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

4,000

Sale price

$2,600,000

General information

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Address
Primary address
489 Prospect Place
ZIP code
11238
Neighborhood
Prospect Heights
Borough
Brooklyn
Block & lot
01155-0059

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
10,752
Building dimensions
40 ft x 88 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Sales
Sale date
01/16/2026
Sale price
$2,600,000
Tax
Tax year
2026-2027
Property tax
$76,899
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
21
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
40 ft x 100 ft
Lot sq. ft.
4,000

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
0.79 Miles
Closest fire station
0.17 Miles

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

Ownership

Ownership information for 489 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 489 Prospect Place, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
01/16/2026 $2,600,000 XXXXXXX XXX XXXXXX XXX XXX XXXXXXXX XXXXXX 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
01/21/2026 - R
01/16/2026 - D		 Mortgage
(2026012100110002)		 XXXXXXX XXX XXXXXX XXX XXXXXXXX XXXXX XXXX X X
01/21/2026 - R
01/16/2026 - D		 Deed
(2026012100110001)		 XXX XXXXXXXX XXXXXX XXX XXXXXXX XXX XXXXXX XXX
04/03/1984 - R
04/02/1984 - D		 Deed
(3680001011168)		 XXXXXXXXXX XXXXXX XXX XXXXXXXX XXXXXXXXX
02/06/1984 - R
02/01/1984 - D		 Deed
(3550001001355)		 XXXXXXXXXX XXXXXX XXXX XXXXXXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 489 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
$76,899
Municipal exemptions
Recent tax assessments
Market value
$1,584,000
Assessed value
$712,800

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 $1,451,000 $652,950 $563,490 12.439% $70,093 $70,093 +0.14%
2024/25 $1,247,000 $561,150 $559,980 12.5% $69,998 $69,998 -2.69%
2023/24 $1,443,000 $649,350 $575,370 12.502% $71,933 $71,933 +13.91%
2022/23 $1,144,000 $514,800 $514,800 12.267% $63,151 $63,151 +17.52%
2021/22 $976,000 $439,200 $439,200 12.235% $53,736 $53,736 -25.51%
2020/21 $1,412,000 $635,400 $588,060 12.267% $72,137 $72,137 +4.63%
2019/20 $1,418,000 $638,100 $552,780 12.473% $68,948 $68,948 +8.28%
2018/19 $1,365,000 $614,250 $504,900 12.612% $63,678 $63,678 +12.45%
2017/18 $1,196,000 $538,200 $445,230 12.719% $56,629 $56,629 +11.66%
2016/17 $1,143,000 $514,350 $393,390 12.892% $50,716 $50,716 +12.36%
Permits

Permit information for 489 Prospect Place, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
03/29/2026 Alteration
07/22/1992 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
03/03/2015 Lblvio-low pressure boiler
05/15/2014 Lblvio-low pressure boiler

*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

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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)
0.147
View subway map

Access the detailed traffic volume map for 489 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 489 Prospect Place, Brooklyn, NY

455 Prospect Pl, Brooklyn 447 Prospect Pl, Brooklyn 698 Classon 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 487 Prospect Pl, Brooklyn 475 Prospect Pl, Brooklyn 469 Prospect Pl, Brooklyn 451 Prospect Pl, Brooklyn 493 Prospect Pl, Brooklyn 706 Classon Ave, Brooklyn 452 St Marks Ave, Brooklyn 479 Prospect Pl, Brooklyn 497 Prospect Pl, Brooklyn 471 Prospect Pl, Brooklyn

Nearby ZIP codes for 489 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 489 Prospect Place, Brooklyn, NY 11238?

The development at 489 Prospect Place, Brooklyn, NY 11238 was built in 1931.

What is the total square footage of 489 Prospect Place, Brooklyn, NY 11238?

489 Prospect Place, Brooklyn, NY 11238 has a total of 10,752 square feet.

When was 489 Prospect Place, Brooklyn, NY 11238 last sold and what was the sale price?

489 Prospect Place, Brooklyn, NY 11238 was last sold on 01/16/2026 for $2,600,000.

What is the assessed value of 489 Prospect Place, Brooklyn, NY 11238?

489 Prospect Place, Brooklyn, NY 11238 is currently assessed at $712,800.

What are the property taxes for 489 Prospect Place, Brooklyn, NY 11238?

The property taxes for 489 Prospect Place, Brooklyn, NY 11238 total $76,899.

How many residential units does this building have?

This building has 21 residential unit(s).

Disclaimer

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