New York City  »  11238  »  Prospect Pl  »  502 Prospect Pl

502 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 712-716 Classon Ave

Property image for 502 Prospect Place, Brooklyn, NY 11238
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Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Year built

1930

Lot sq. ft.

1,390

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
502 Prospect Place
Alternate address(es)
712-716 Classon Ave
ZIP code
11238
Neighborhood
Prospect Heights
Borough
Brooklyn
Block & lot
01162-0052

Owner

Find out who owns 502 Prospect Place, Brooklyn, NY 11238. Uncover corporate and individual owners with a free account.

Building
Property type
Single or Multiple Dwelling with Stores or Offices (S9)
Building sq. ft.
3,630
Building dimensions
20 ft x 56 ft
Buildings on lot
1
Stories
3
Year built
1930
Building material
Tax
Tax year
2026-2027
Property tax
$5,967
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 69.5 ft
Lot sq. ft.
1,390

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
0.81 Miles
Closest fire station
0.14 Miles

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

Ownership

Ownership information for 502 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 502 Prospect Place, Brooklyn, NY 11238

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
08/29/2023 - R
08/08/2023 - D		 Satisfaction of Mortgage
(2023082700016001)		 XXXXX XXXX XXXXX XXX XXXXXXXXXXXX XX XXXXXX XXXXXXXX
04/05/2010 - R
03/05/2010 - D		 Mortgage
(2010033101256001)		 XXXXX XXXX X XXX XXXXXXXXXXXX XX XXXXXX XXXXXXXX
12/10/1998 - R Satisfaction of Mortgage
(3360006376036)		 XXXXX XXXX XXXXX XXXXXXXX XXXXX
10/30/1997 - R Satisfaction of Mortgage
(3600005824160)		 XXXXX XXXX XXXXX XXXXXXXX XXXXX
12/20/1989 - R Satisfaction of Mortgage
(3280001505728)		 XXXXXXXX XXXXX XXXXXXXX XXXXXXXXXX
12/20/1989 - R Mortgage
(3330001505633)		 XXXXX XXXX XXXXX XXXXXXXX XXXXX
12/07/1989 - R Mortgage
(3530001502753)		 XXXXX XXXX XXXXX XX XXXXXXXXXXX
12/20/1989 - R
11/21/1989 - D		 Deed
(3320001505632)		 XXXXXXXX XXXXX XXXXX XXXX XXXXX
06/20/1989 - R Mortgage
(3140001462614)		 XXXXXXXX XXXXX XXXXXXXX XXXXXXXXXX
08/23/1989 - R
06/12/1989 - D		 Deed
(3420001478742)		 XXXXXXXX XXXXX XXXXXXXX XXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 502 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
$5,967
Municipal exemptions
Recent tax assessments
Market value
$1,378,000
Assessed value
$620,100

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 $1,188,000 $534,600 $47,969 12.439% $5,967 $5,967 +2.70%
2024/25 $1,003,000 $451,350 $46,479 12.5% $5,810 $5,810 +7.98%
2023/24 $929,000 $418,050 $43,037 12.502% $5,380 $5,380 +10.07%
2022/23 $938,000 $422,100 $39,850 12.267% $4,888 $4,888 +8.27%
2021/22 $907,000 $408,150 $36,899 12.235% $4,515 $4,515 -0.25%
2020/21 $990,000 $445,500 $36,899 12.267% $4,526 $4,526 +1.50%
2019/20 $846,000 $380,700 $35,753 12.473% $4,459 $4,459 +6.81%
2018/19 $705,000 $317,250 $33,105 12.612% $4,175 $4,175 +7.09%
2017/18 $628,000 $282,600 $30,654 12.719% $3,899 $3,899 +6.55%
2016/17 $593,000 $266,850 $28,384 12.892% $3,659 $3,659 +0.07%
Permits

Permit information for 502 Prospect Place, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/16/2014 Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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)
0.129
View subway map

Access the detailed traffic volume map for 502 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 502 Prospect Place, Brooklyn, NY

517 Park Pl, Brooklyn 730 Classon Ave, Brooklyn 519 Park Pl, Brooklyn 720 Classon Ave, Brooklyn 724 Classon Ave, Brooklyn 728 Classon Ave, Brooklyn 486 Prospect Pl, Brooklyn 478 Prospect Pl, Brooklyn 533 Park Pl, Brooklyn 476 Prospect Pl, Brooklyn 474 Prospect Pl, Brooklyn 500 Prospect Pl, Brooklyn 537 Park Pl, Brooklyn 515 Park Pl, Brooklyn 494 Prospect Pl, Brooklyn 484 Prospect Pl, Brooklyn 480 Prospect Pl, Brooklyn 736 Classon Ave, Brooklyn 482 Prospect Pl, Brooklyn

Nearby ZIP codes for 502 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 502 Prospect Place, Brooklyn, NY 11238?

The development at 502 Prospect Place, Brooklyn, NY 11238 was built in 1930.

What is the market value of 502 Prospect Place, Brooklyn, NY 11238?

The current market value of 502 Prospect Place, Brooklyn, NY 11238 is $1,378,000.

What is the total square footage of 502 Prospect Place, Brooklyn, NY 11238?

502 Prospect Place, Brooklyn, NY 11238 has a total of 3,630 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

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