New York City  »  11238  »  Prospect Pl  »  585 Prospect Pl

585 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 585 Prospect Pl

Property image for 585 Prospect Place, Brooklyn, NY 11238
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Property type

Old Law Tenement (C4)

Year built

1931

Lot sq. ft.

5,800

Sale price

$2,475,000

General information

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Address
Primary address
585 Prospect Place
ZIP code
11238
Neighborhood
Crown Heights
Borough
Brooklyn
Block & lot
01156-0066

Owner

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Building
Property type
Old Law Tenement (C4)
Building sq. ft.
13,480
Building dimensions
48.33 ft x 96 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Masonry
Sales
Sale date
05/22/2003
Sale price
$2,475,000 - M
Tax
Tax year
2026-2027
Property tax
$58,841
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
20
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Prospect Place (narrow)
Nearest wide street
St Marks Avenue
Distance to wide street
Lot dimensions
48.33 ft x 120 ft
Lot sq. ft.
5,800

Area overview

Walk score
92 /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
0.87 Miles
Closest fire station
0.25 Miles

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

Ownership

Ownership information for 585 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 585 Prospect Place, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
05/22/2003 $2,475,000 XXXXXX, XXX 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
05/23/2023 - R UCC3 Continuation
(2023052300246001)		 XXXXXX XXX XXXXXXXX XXXX X X (
08/02/2018 - R UCC3 Termination
(2018080200832007)		 XXXXXX XXX XXXX XXXX
08/02/2018 - R Initial UCC1
(2018080200832006)		 XXXXXX XXX XXXXXXXXX XXXX
08/02/2018 - R
07/31/2018 - D		 Agreement
(2018080200832005)		 XXXXXX XXX XXXXXXXXX XXXX
08/02/2018 - R
07/31/2018 - D		 Assignment of Leases and Rents
(2018080200832004)		 XXXXXX XXX XXXXXXXXX XXXX
08/02/2018 - R
07/31/2018 - D		 Mortgage
(2018080200832003)		 XXXXXX XXX XXXXXXXXX XXXX
08/02/2018 - R
07/31/2018 - D		 Termination of Assign of L&R
(2018080200832002)		 XXXX XXXX XXXXXXXXXXXXX XXXXXXXX XXXX
08/02/2018 - R
07/10/2018 - D		 Assignment, Mortgage
(2018080200832001)		 XXXX XXXX XXXXXXXXX XXXX
01/19/2018 - R UCC3 Assignment
(2018011800503003)		 XXXXXX XXX XXXXX XXXXXXXX XXXX XX XXX XXXX
01/19/2018 - R
12/27/2017 - D		 Asgn of Asgn of L&R
(2018011800503002)		 XXXXX XXXXXXXX XXXX XX XXX XXXX XXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 585 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
$58,841
Municipal exemptions
Recent tax assessments
Market value
$1,473,000
Assessed value
$662,850

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 $1,049,000 $472,050 $422,460 12.439% $52,550 $52,550 +21.64%
2024/25 $768,000 $345,600 $345,600 12.5% $43,200 $43,200 -8.26%
2023/24 $837,000 $376,650 $376,650 12.502% $47,089 $47,089 -24.44%
2022/23 $1,129,000 $508,050 $508,050 12.267% $62,322 $62,322 +24.25%
2021/22 $911,000 $409,950 $409,950 12.235% $50,157 $50,157 -23.39%
2020/21 $1,282,000 $576,900 $533,700 12.267% $65,469 $65,469 +3.22%
2019/20 $1,229,000 $553,050 $508,500 12.473% $63,425 $63,425 +3.53%
2018/19 $1,230,000 $553,500 $485,750 12.612% $61,263 $61,263 +8.49%
2017/18 $1,139,000 $512,550 $443,990 12.719% $56,471 $56,471 +6.06%
2016/17 $1,174,000 $528,300 $413,010 12.892% $53,245 $53,245 +14.09%
Permits

Permit information for 585 Prospect Place, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
07/24/2026 A
07/24/2026 A
07/19/2026 C

*Most recent HPD violations on record for this property.

Neighborhood

Crown Heights North residential market stats

Access a detailed real estate market overview of Crown Heights North so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Crown Heights North and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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)
0.031
View subway map

Access the detailed traffic volume map for 585 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Brooklyn Arts and Science Elementary School 4 Yes Public PK, K-5 275 0.19
Brooklyn Arts and Science Elementary School 4 Yes Public PK, K-5 275 0.19
Friends of Crown Heights #2 NR No Private K 0 0.15
Explore Exceed Charter School 6 No Charter K-8 429 0.19
Brooklyn Jesuit Prep School NR No Private 5-8 87 0.20
P.S. 316 Elijah Stroud 8 No Public PK, K-5 550 0.24
P.S. 316 Elijah Stroud 8 No Public PK, K-5 550 0.24
German School Brooklyn NR No Private PK, K-8 195 0.29
German School Brooklyn NR No Private PK, K-8 195 0.29
Carmel Christian School NR No Private K-9 51 0.29
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Ebbetts Field Middle School 6 Yes Public 6-8 123 0.74
Explore Exceed Charter School 6 No Charter K-8 429 0.19
Brooklyn Jesuit Prep School NR No Private 5-8 87 0.20
Elijah Stroud Middle School 5 No Public 6-8 121 0.24
German School Brooklyn NR No Private PK, K-8 195 0.29
Carmel Christian School NR No Private K-9 51 0.29
Carmel Christian School NR No Private PK, K-8 0 0.31
P.S. 138 6 No Public PK, K-8 414 0.32
St. Francis De Sales School NR No Private PK-8 63 0.38
Restoration Academy 3 No Public 6-8 94 0.61
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Acorn Community High School NR No Public 9-12 107 0.32
GOTHAM PROFESSIONAL ARTS ACADEMY NR No Public 9-12 217 0.32
Gotham Professional Arts Academy NR No Public 9-12 179 0.33
Aspirations Diploma Plus High School NR No Public 9-12 199 0.41
W E B Dubois Academic High School NR No Public 9-12 114 0.42
ASPIRATIONS DIPLOMA PLUS HIGH SCHOOL NR No Public 9-12 143 0.44
Brooklyn School For Music And Theater 4 No Public 9-12 223 0.45
International High School at Prospect Heights 1 No Public 9-12 272 0.45
Brooklyn Academy of Science and the Environment 3 No Public 9-12 265 0.45
High School For Global Citizenship 4 No Public 9-12 221 0.45

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 585 Prospect Place, Brooklyn, NY

335 Flatbush Ave, Brooklyn 323 Flatbush Ave, Brooklyn 670 Franklin Ave, Brooklyn 672 Franklin Ave, Brooklyn 329 Flatbush Ave, Brooklyn 333 Flatbush Ave, Brooklyn 331 Flatbush Ave, Brooklyn 325 Flatbush Ave, Brooklyn 597 Prospect Pl, Brooklyn 684 Franklin Ave, Brooklyn 581 Prospect Pl, Brooklyn 337 Flatbush Ave, Brooklyn 680 Franklin Ave, Brooklyn 678 Franklin Ave, Brooklyn 668 Franklin Ave, Brooklyn 321 Flatbush Ave, Brooklyn 591 Prospect Pl, Brooklyn 682 Franklin Ave, Brooklyn 676 Franklin Ave, Brooklyn 674 Franklin Ave, Brooklyn

Nearby ZIP codes for 585 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 585 Prospect Place, Brooklyn, NY 11238?

The development at 585 Prospect Place, Brooklyn, NY 11238 was built in 1931.

What is the total square footage of 585 Prospect Place, Brooklyn, NY 11238?

585 Prospect Place, Brooklyn, NY 11238 has a total of 13,480 square feet.

When was 585 Prospect Place, Brooklyn, NY 11238 last sold and what was the sale price?

585 Prospect Place, Brooklyn, NY 11238 was last sold on 05/22/2003 for $2,475,000.

What is the assessed value of 585 Prospect Place, Brooklyn, NY 11238?

585 Prospect Place, Brooklyn, NY 11238 is currently assessed at $662,850.

What are the property taxes for 585 Prospect Place, Brooklyn, NY 11238?

The property taxes for 585 Prospect Place, Brooklyn, NY 11238 total $58,841.

How many residential units does this building have?

This building has 20 residential unit(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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