Kings  »  11238  »  Prospect Pl  »  487 Prospect Pl

487 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 485-487 Prospect Pl

Property image for 487 Prospect Place, Brooklyn, NY 11238
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Property type

Over Six Families without Stores (C1)

Year built

1907

Lot sq. ft.

3,765

Sale price

$1,250,000

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
487 Prospect Place
Alternate address(es)
485-487 Prospect Pl
ZIP code
11238
Neighborhood
Prospect Heights
Borough
Brooklyn
Block & lot
01155-0063

Owner

Find out who owns 487 Prospect Place, Brooklyn, NY 11238. Uncover corporate and individual owners with a free account.

Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
8,884
Building dimensions
30 ft x 85.5 ft
Buildings on lot
1
Stories
4
Year built
1907
Building material
Sales
Sale date
07/23/2026
Sale price
$1,250,000
Tax
Tax year
2026-2027
Property tax
$16,235
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 128.5 ft
Lot sq. ft.
3,765

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
0.78 Miles
Closest fire station
0.16 Miles

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

Ownership

Ownership information for 487 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 487 Prospect Place, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
07/23/2026 $1,250,000 XXX XXXXXXXX XXXXXXX XXX XXXXXXX, XXXXXXXXX
06/01/2006 $250,000 XXXXXXX, XXXXXXXXX XXXXXXX, XXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
08/05/2026 - R Initial UCC1
(2026080400502004)		 XXX XXXXXXXX XXXXXXX XXX XXXXXXXX XXXX
08/05/2026 - R
07/23/2026 - D		 Assignment of Leases and Rents
(2026080400502003)		 XXX XXXXXXXX XXXXXXX XXX XXXXXXXX XXXX
08/05/2026 - R
07/23/2026 - D		 Mortgage
(2026080400502002)		 XXX XXXXXXXX XXXXXXX XXX XXXXXXXX XXXX
08/05/2026 - R
07/23/2026 - D		 Deed
(2026080400502001)		 XXXXXXX XXXXXXXXX XXX XXXXXXXX XXXXXXX XXX
02/15/2024 - R UCC3 Continuation
(2024021400369001)		 XXXXXXXXX XXXXXXX XXXXXXXX XXXX XXX XXXXXXXX XXXXXXX XXXX XXX
03/25/2019 - R UCC3 Continuation
(2019022800500001)		 XXXXXXXXX XXXXXXX XXXXXXXX XXXXXXX XXXX XXX
02/26/2014 - R UCC3 Continuation
(2014021300320001)		 XXXXXXXXX XXXXXXX XXXXXXXX XXXX
07/28/2009 - R Initial UCC1
(2009072101242003)		 XXXXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXX XXX
07/28/2009 - R
07/20/2009 - D		 Assignment of Leases and Rents
(2009072101242002)		 XXXXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXX XXX
07/28/2009 - R
07/20/2009 - D		 Mortgage
(2009072101242001)		 XXXXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 487 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
$16,235
Municipal exemptions
Recent tax assessments
Market value
$2,933,000
Assessed value
$1,319,850

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 $2,676,000 $1,204,200 $130,514 12.439% $16,235 $16,235 +2.72%
2024/25 $3,345,600 $1,505,520 $126,432 12.5% $15,804 $15,804 +7.97%
2023/24 $2,788,000 $1,254,600 $117,083 12.502% $14,638 $14,638 +10.06%
2022/23 $2,323,000 $1,045,350 $108,423 12.267% $13,300 $13,300 +8.28%
2021/22 $1,858,000 $836,100 $100,395 12.235% $12,283 $12,283 -0.26%
2020/21 $2,039,000 $917,550 $100,395 12.267% $12,315 $12,315 +1.52%
2019/20 $2,127,000 $957,150 $97,255 12.473% $12,131 $12,131 +6.79%
2018/19 $1,865,000 $839,250 $90,064 12.612% $11,359 $11,359 +7.08%
2017/18 $1,581,000 $711,450 $83,402 12.719% $10,608 $10,608 +6.55%
2016/17 $1,434,000 $645,300 $77,227 12.892% $9,956 $9,956 +0.07%
Permits

Permit information for 487 Prospect Place, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
02/21/2007 Alteration type 3
08/17/2004 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
01/19/2007 Ll6291-local law 62/91 - boilers
06/01/1994 Ll6291-local law 62/91 - boilers
08/16/1993 Ll6291-local law 62/91 - boilers

*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)
0.154
View subway map

Access the detailed traffic volume map for 487 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 487 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 475 Prospect Pl, Brooklyn 469 Prospect Pl, Brooklyn 451 Prospect Pl, Brooklyn 443 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 489 Prospect Pl, Brooklyn

Nearby ZIP codes for 487 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 487 Prospect Place, Brooklyn, NY 11238?

The development at 487 Prospect Place, Brooklyn, NY 11238 was built in 1907.

What is the total square footage of 487 Prospect Place, Brooklyn, NY 11238?

487 Prospect Place, Brooklyn, NY 11238 has a total of 8,884 square feet.

When was 487 Prospect Place, Brooklyn, NY 11238 last sold and what was the sale price?

487 Prospect Place, Brooklyn, NY 11238 was last sold on 07/23/2026 for $1,250,000.

What is the assessed value of 487 Prospect Place, Brooklyn, NY 11238?

487 Prospect Place, Brooklyn, NY 11238 is currently assessed at $1,319,850.

What are the property taxes for 487 Prospect Place, Brooklyn, NY 11238?

The property taxes for 487 Prospect Place, Brooklyn, NY 11238 total $16,234.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

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