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500 Prospect Place, Brooklyn, NY 11238 Property Information

500 Prospect Place, Brooklyn, NY 11238 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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500 Prospect Place, Brooklyn, NY 11238 1
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Address

Primary address 500 Prospect Place
Neighborhood Prospect Heights
Zip code 11238
Borough Brooklyn
Block & lot 01162-0051

Sales & Tax Overview for 500 Prospect Place, Brooklyn

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Purchase date 04/01/2009
Purchase price $991,158
Tax class
Estimated property tax $8,456

Lot & Building Information for 500 Prospect Place, Brooklyn

Lot sqft 1,390
Lot dimensions 20 ft x 69.5 ft
Building class Primarily Two Family with One Store or Office (S2) i
Building sqft 3,400
Building dimensions 20 ft x 56 ft
Buildings on lot 1
Stories 3
Year built 1930
Year last altered 2007
Construction type
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Zoning & Use for 500 Prospect Place, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 8
Closest police station 0.81 Miles
Closest fire station 0.14 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 500 Prospect Place, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 500 Prospect Place, Brooklyn, NY 11238, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 500 Prospect Place, Brooklyn, NY 11238, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 500 Prospect Place, Brooklyn

How many square feet does 500 Prospect Place, Brooklyn, NY 11238 have?

This Primarily Two Family with One Store or Office (S2) located at 500 Prospect Place, Brooklyn, NY 11238 has a total of 3,400 square feet.

What is the year built & the current market value of 500 Prospect Place, Brooklyn, NY 11238?

500 Prospect Place, Brooklyn, NY 11238 was built in 1930 and has a current tax assessor's market value of $2,080,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 500 Prospect Place, Brooklyn

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Property owner name for 500 Prospect Place, Brooklyn, NY 11238
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Building contacts for 500 Prospect Place, Brooklyn, NY 11238
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 500 Prospect Place, Brooklyn

Create a free account to view the complete sales history for 500 Prospect Place, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
04/01/2009 $991,158
11/08/2006 $250,000
       
       
       
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Title Documents for 500 Prospect Place, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
05/03/2021 - R UCC3 Continuation
(2021042600776001)
11/14/2016 - D
01/23/2017 - R
Satisfaction of Mortgage
(2017011900316001)
09/29/2016 - R Initial UCC1
(2016092900132001)
09/16/2016 - D
09/28/2016 - R
Termination of Assign of L&R
(2016092701107001)
09/16/2016 - D
09/28/2016 - R
Assignment of Leases and Rents
(2016092701027004)
09/16/2016 - D
09/28/2016 - R
Agreement
(2016092701027003)
09/16/2016 - D
09/28/2016 - R
Mortgage
(2016092701027002)
09/16/2016 - D
09/28/2016 - R
Deed
(2016092701027001)
11/18/2013 - R UCC3 Continuation
(2013110700582001)
04/07/2009 - R Initial UCC1
(2009040300431001)
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R: Recorded date
D: Document date

Property Taxes for 500 Prospect Place, Brooklyn

Access detailed property tax data for 500 Prospect Place, Brooklyn, NY 11238. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,048
Estimated property tax: $8,456
Tax assessor's market value: $2,080,000
Assessed value: $124,800
Exemptions granted by city:

Assessment History for 500 Prospect Place, Brooklyn

Here's the assessment & property tax history for 500 Prospect Place, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $2,080,000 $124,800 $35,519 19.843% $9,778 $7,048 +18.86%
2024/25 $1,643,000 $98,580 $29,524 20.085% $9,338 $5,930 +20.84%
2023/24 $1,452,000 $87,120 $24,432 20.085% $8,929 $4,907 +15.36%
2022/23 $1,140,000 $68,400 $20,946 20.309% $8,941 $4,254 +22.06%
2021/22 $1,044,000 $62,640 $17,457 19.963% $8,788 $3,485 +41.37%

Permits for 500 Prospect Place, Brooklyn

The complete history of permits filed for 500 Prospect Place, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
04/11/2019 Alteration
03/21/2019 Alteration
03/13/2019 Alteration
01/02/2019 Alteration type 2
07/06/2018 Alteration type 1
07/06/2018 Alteration type 1
02/05/2016 Alteration type 2
09/05/2007 Alteration type 2
06/12/2006 Alteration type 1
11/04/1999 Alteration type 1
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Franklin Ave & Park Pl at NW Corner
Station lines FS
Distance (miles) 0.132
View subway map
Bus Routes
Name Classon Av/Prospect Pl
Line B48
Distance (miles) 0.038

Neighbors for 500 Prospect Place, Brooklyn

Here are the neighbors for 500 Prospect Place, Brooklyn, NY 11238.

Address Square feet Purchase date Purchase price
517 Park Pl, Brooklyn 4,860 08/30/2023 $2,200,000
730 Classon Ave, Brooklyn 3,249 04/13/2005 $600,000
519 Park Pl, Brooklyn 5,056 03/07/2013 $618,150
720 Classon Ave, Brooklyn 4,048 02/26/2014 $1,100,000
724 Classon Ave, Brooklyn 5,364 11/01/1976
728 Classon Ave, Brooklyn 4,860 04/08/1988
486 Prospect Pl, Brooklyn 5,024 06/23/2017 $2,200,000
478 Prospect Pl, Brooklyn 5,080 04/01/1999
533 Park Pl, Brooklyn 4,196 10/02/2017
476 Prospect Pl, Brooklyn 4,880 06/29/1984
474 Prospect Pl, Brooklyn 5,024 10/17/1987
502 Prospect Pl, Brooklyn 3,630 11/21/1989
537 Park Pl, Brooklyn 4,196 10/02/2017
494 Prospect Pl, Brooklyn 6,816 05/22/2013 $670,000
484 Prospect Pl, Brooklyn 3,920 04/20/2023 $2,650,000
480 Prospect Pl, Brooklyn 5,080 12/21/2022
472 Prospect Pl, Brooklyn 4,880 04/07/1993
736 Classon Ave, Brooklyn 3,700 07/24/2017
482 Prospect Pl, Brooklyn 5,080 12/21/2022
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