New York City  »  11238  »  Prospect Pl  »  520 Prospect Pl

520 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 727 Classon Ave

Property image for 520 Prospect Place, Brooklyn, NY 11238
static Mapbox map

Property type

Nursing Home (I6)

Year built

1975

Lot sq. ft.

41,764

Sale price

$64,000,000

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
520 Prospect Place
Alternate address(es)
506-520 Prospect Pl
541-551 Park Pl
727 Classon Ave
Show all
ZIP code
11238
Neighborhood
Crown Heights
Borough
Brooklyn
Block & lot
01163-0001

Owner

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Building
Property type
Nursing Home (I6)
Building sq. ft.
118,230
Building dimensions
40 ft x 30 ft
Buildings on lot
1
Stories
5
Year built
1975
Last altered
2012
Building material
Sales
Sale date
06/25/2018
Sale price
$64,000,000
Tax
Tax year
2026-2027
Property tax
$1,805,723
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
262 ft x 312.25 ft
Lot sq. ft.
41,764

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
0.83 Miles
Closest fire station
0.12 Miles

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

Ownership

Ownership information for 520 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 520 Prospect Place, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
06/25/2018 $64,000,000 XXXXXXXX XXXXXXXXXXX XX, XXX XXXXXX XXX XXXXXXX & XXXXXXXXXXXXXX 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
07/26/2023 - R Initial UCC1
(2023072400660002)		 XXXXXXXX XXXXXXXXXXX X XXX XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/26/2023 - R Initial UCC1
(2023072400660001)		 XXXXXXXX XXXXXXXXXXX X XXX XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/03/2023 - R
05/17/2023 - D		 Assignment, Mortgage
(2023060600486002)		 XXXX XX XXXXXXX X X XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/03/2023 - R
05/17/2023 - D		 Assignment, Mortgage
(2023060600486001)		 XXXX XX XXXXXXX X X XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/03/2023 - R
05/01/2023 - D		 Agreement
(2023060600486009)		 XXXXXXXX XXXXXXXXXXX X XXX XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/03/2023 - R
05/01/2023 - D		 Assignment of Leases and Rents
(2023060600486008)		 XXXXXXXX XXXXXXXXXXX X XXX XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/03/2023 - R
05/01/2023 - D		 Agreement
(2023060600486006)		 XXXXXXXX XXXXXXXXXXX X XXX X X XXXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
07/03/2023 - R
05/01/2023 - D		 Agreement
(2023060600486005)		 XXXXXXXX XXXXXXXXXXX X XXX X X XXXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
07/03/2023 - R
05/01/2023 - D		 Agreement
(2023060600486004)		 XXXXXXXX XXXXXXXXXXX X XXX XXXXXXXX XXXXXXXXXX XXXXXXXX XXX
07/03/2023 - R
05/01/2023 - D		 Mortgage
(2023060600486003)		 XXXXXXXX XXXXXXXXXXX X XXX XXXXXXXX XXXXXXXXXX XXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 520 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
$1,805,723
Municipal exemptions
Recent tax assessments
Market value
$38,789,000
Assessed value
$17,455,050

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 $37,855,000 $17,034,750 $15,999,750 10.848% $1,735,653 $1,735,653 +2.12%
2024/25 $37,300,000 $16,785,000 $15,792,800 10.762% $1,699,621 $1,699,621 +2.63%
2023/24 $36,548,000 $16,446,600 $15,635,800 10.592% $1,656,144 $1,656,144 +0.32%
2022/23 $34,460,000 $15,507,000 $15,507,000 10.646% $1,650,875 $1,650,875 +7.90%
2021/22 $31,612,000 $14,225,400 $14,225,400 10.755% $1,529,942 $1,529,942 -11.57%
2020/21 $38,945,000 $17,525,250 $16,178,772 10.694% $1,730,158 $1,730,158 +6.16%
2019/20 $37,796,000 $17,008,200 $15,466,420 10.537% $1,629,697 $1,629,697 n/a
2018/19 $36,318,000 $16,343,100 $0 10.514% $1,544,070 $0 n/a
2017/18 $34,204,000 $15,391,800 $0 10.514% $1,469,120 $0 n/a
2016/17 $32,501,140 $14,625,513 $0 10.574% $1,414,725 $0 n/a
Permits

Permit information for 520 Prospect Place, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
04/08/2025 Alteration
06/27/2023 Alteration
06/27/2023 Alteration
04/26/2022 Alteration
03/22/2022 Alteration

*Most recent permits 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
06/23/2024 Earcx-failure to submit eer none
06/30/2023 Lblvio-low pressure boiler boiler required

*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)
0.092
View subway map

Access the detailed traffic volume map for 520 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 520 Prospect Place, Brooklyn, NY

550 Prospect Pl, Brooklyn 560 Prospect Pl, Brooklyn 586 Prospect Pl, Brooklyn 592 Prospect Pl, Brooklyn 473 Park Pl, Brooklyn 493 Park Pl, Brooklyn 688 Franklin Ave, Brooklyn 455 Park Pl, Brooklyn 491 Park Pl, Brooklyn 477 Park Pl, Brooklyn 528 Classon Ave, Brooklyn 572 Prospect Pl, Brooklyn 465 Park Pl, Brooklyn 469 Park Pl, Brooklyn 461 Park Pl, Brooklyn 528 Prospect Pl, Brooklyn 566 Prospect Pl, Brooklyn 612 Prospect Pl, Brooklyn 722 Classon Ave, Brooklyn 457 Park Pl, Brooklyn

Nearby ZIP codes for 520 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 520 Prospect Place, Brooklyn, NY 11238?

The development at 520 Prospect Place, Brooklyn, NY 11238 was built in 1975.

What is the total square footage of 520 Prospect Place, Brooklyn, NY 11238?

520 Prospect Place, Brooklyn, NY 11238 has a total of 118,230 square feet.

When was 520 Prospect Place, Brooklyn, NY 11238 last sold and what was the sale price?

520 Prospect Place, Brooklyn, NY 11238 was last sold on 06/25/2018 for $64,000,000.

What is the assessed value of 520 Prospect Place, Brooklyn, NY 11238?

520 Prospect Place, Brooklyn, NY 11238 is currently assessed at $17,455,050.

What are the property taxes for 520 Prospect Place, Brooklyn, NY 11238?

The property taxes for 520 Prospect Place, Brooklyn, NY 11238 total $1,805,723.

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