Kings » 11238 » Prospect Pl » 494 Prospect Pl

494 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 494 Prospect Pl

Property image for 494 Prospect Place, Brooklyn, NY 11238

Property type

Over Six Families without Stores (C1)

Year built

1915

Lot sq. ft.

2,702

Sale price

$670,000

General information

Address

Primary address

494 Prospect Place

ZIP code

11238

Neighborhood

Prospect Heights

Borough

Brooklyn

Block & lot

01162-0048

Building

Property type

Over Six Families without Stores (C1)

Building sq. ft.

6,816

Building dimensions

24 ft x 71 ft

Buildings on lot

Stories

Year built

1915

Last altered

1962

Building material

Sales

Sale date

05/22/2013

Sale price

$670,000

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

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

24 ft x 112.58 ft

Lot sq. ft.

2,702

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

Community district

Closest police station

0.80 Miles

Closest fire station

0.13 Miles

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

Ownership

Ownership information for 494 Prospect Place, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 494 Prospect Place, Brooklyn, NY 11238

Sale date	Sale price	Buyer name	Seller name
05/22/2013	$670,000	X-XXXX XXXXXXXX XXXXXXX XXX	XXXXXX XX XXXXX XXXXXXXXXX XXX XXXXXXX XXXXXXXX, XX XXXXXXXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/12/2013 - R 05/22/2013 - D	Deed (2013052800874001)	XXXXXX XX XXXXX XXXXXXXXXX	XXXXX XXXXXXXX XXXXXXX XXX
08/20/2012 - R 08/08/2012 - D	Tax Lien Sale Certificate (2012081900048001)	XXXX XX XXX XXXX	XXXX XX XXX XXXX
03/18/2013 - R 07/16/2012 - D	Release of Estate Tax Lien (2013030501408001)	XXXXXXXXXX XXXXX
02/19/1998 - R	Assignment, Mortgage (3930005943693)	XXXXXXXXXX XXXXX	XXXXXXXX XXXXXXX XXXXXXXXXXX
02/19/1998 - R	Mortgage (3550005943855)	XXXXXXXXXX XXXXX	XXXXXXXX XXXXXXX XXXXXXXXXXX
02/19/1998 - R 12/22/1997 - D	Deed (3350005944135)	XXXXXXXX XXXXX	XXXXXXXXXX XXXXX
11/01/2004 - R 12/22/1997 - D	Termination of Assign of L&R (2004092401358001)	XXXXXXXXXX XXXXX
10/28/2004 - R 12/22/1997 - D	Satisfaction of Mortgage (2004092401293001)
09/01/1966 - D 09/01/1966 - R	Mortgage (36630023400224)		XXXXXXX XXXXXX X
09/01/1966 - D 09/01/1966 - R	Deed (36630023400182)	XXXXXXX XXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 494 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

$2,250,000

Assessed value

$1,012,500

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	$1,876,000	$844,200	$130,514	12.439%	$16,235	$16,235	+2.72%
2024/25	$2,087,000	$939,150	$126,432	12.5%	$15,804	$15,804	+7.97%
2023/24	$1,925,000	$866,250	$117,083	12.502%	$14,638	$14,638	+10.06%
2022/23	$1,800,000	$810,000	$108,423	12.267%	$13,300	$13,300	+8.28%
2021/22	$1,440,000	$648,000	$100,395	12.235%	$12,283	$12,283	-0.26%
2020/21	$1,574,000	$708,300	$100,395	12.267%	$12,315	$12,315	+1.52%
2019/20	$1,503,000	$676,350	$97,255	12.473%	$12,131	$12,131	+6.79%
2018/19	$1,431,000	$643,950	$90,064	12.612%	$11,359	$11,359	+7.08%
2017/18	$1,213,000	$545,850	$83,402	12.719%	$10,608	$10,608	+6.55%
2016/17	$1,100,000	$495,000	$77,227	12.892%	$9,956	$9,956	+0.07%

Permits

Permit information for 494 Prospect Place, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
08/06/2020	Alteration

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	11/14/2025	Lblvio-low pressure boiler boiler required
	06/30/2023	Lblvio-low pressure boiler boiler required
	06/30/2023	Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Franklin Ave & Park Pl at NW Corner

Station lines

Distance (miles)

0.144

View subway map

Access the detailed traffic volume map for 494 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 494 Prospect Place, Brooklyn, NY

730 Classon Ave, Brooklyn 720 Classon Ave, Brooklyn 724 Classon Ave, Brooklyn 728 Classon Ave, Brooklyn 486 Prospect Pl, Brooklyn 478 Prospect Pl, Brooklyn 470 Prospect Pl, Brooklyn 468 Prospect Pl, Brooklyn 533 Park Pl, Brooklyn 476 Prospect Pl, Brooklyn 474 Prospect Pl, Brooklyn 500 Prospect Pl, Brooklyn 502 Prospect Pl, Brooklyn 537 Park Pl, Brooklyn 484 Prospect Pl, Brooklyn 480 Prospect Pl, Brooklyn 472 Prospect Pl, Brooklyn 736 Classon Ave, Brooklyn 482 Prospect Pl, Brooklyn

Frequently asked questions

What is the year built for 494 Prospect Place, Brooklyn, NY 11238?

The development at 494 Prospect Place, Brooklyn, NY 11238 was built in 1915.

What is the total square footage of 494 Prospect Place, Brooklyn, NY 11238?

494 Prospect Place, Brooklyn, NY 11238 has a total of 6,816 square feet.

When was 494 Prospect Place, Brooklyn, NY 11238 last sold and what was the sale price?

494 Prospect Place, Brooklyn, NY 11238 was last sold on 05/22/2013 for $670,000.

What is the assessed value of 494 Prospect Place, Brooklyn, NY 11238?

494 Prospect Place, Brooklyn, NY 11238 is currently assessed at $1,012,500.

What are the property taxes for 494 Prospect Place, Brooklyn, NY 11238?

The property taxes for 494 Prospect Place, Brooklyn, NY 11238 total $16,234.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.