| Primary address | 550 Prospect Place |
| Secondary address | 542-550 Prospect Pl |
| Neighborhood | Crown Heights |
| Zip code | 11238 |
| Borough | Brooklyn |
| Block & lot | 01163-0023 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 06/27/2018 |
| Purchase price | $6,000,000 |
| Tax class | Register |
| Estimated property tax | $31,469 |
| Lot sq. ft. | 7,852 |
| Lot dimensions | |
| Property type | Elevator Apartment - Fireproof with Stores (D6)
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| Building sqft | 46,359 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 7 |
| Year built | 2020 |
| Construction type | Register |
| School district | 17 |
| Community district | 8 |
| Closest police station | 0.89 Miles |
| Closest fire station | 0.17 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Elevator Apartment - Fireproof with Stores (D6) located at 550 Prospect Place, Brooklyn, NY 11238 has a total of 46,359 square feet and a current price per square foot of $129.
What is the year built & the current market value of 550 Prospect Place, Brooklyn, NY 11238?550 Prospect Place, Brooklyn, NY 11238 was built in 2020 and has a current tax assessor's market value of $10,368,000.
How many commercial spaces does this building have?This building has 1 commercial spaces available for lease.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 550 Prospect Place, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
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.
R: Recorded date
D: Document date
Access detailed property tax data for 550 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: | $31,469 |
| Estimated property tax: | $31,469 |
| Tax assessor's market value: | $10,368,000 |
| Assessed value: | $4,665,600 |
| Exemptions granted by city: | Register |
Here's the assessment & property tax history for 550 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 | $10,368,000 | $4,665,600 | $252,990 | 12.439% | $488,901 | $31,469 | -0.49% |
| 2024/25 | $10,245,000 | $4,610,250 | $252,990 | 12.5% | $453,533 | $31,624 | -0.02% |
| 2023/24 | $9,036,000 | $4,066,200 | $252,990 | 12.502% | $412,615 | $31,629 | +1.92% |
| 2022/23 | $7,011,000 | $3,154,950 | $252,990 | 12.267% | $379,036 | $31,034 | -16.67% |
| 2021/22 | $860,000 | $387,000 | $304,380 | 12.235% | $37,241 | $37,241 | +451.19% |
The complete history of permits filed for 550 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.
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.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Franklin Ave & Park Pl at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | FS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.048 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Classon Av/Prospect Pl | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.078 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 550 Prospect Place, Brooklyn, NY 11238.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 560 Prospect Pl, Brooklyn | 14,984 | 06/27/2011 | |
| 586 Prospect Pl, Brooklyn | 13,948 | 07/29/1987 | |
| 592 Prospect Pl, Brooklyn | 13,948 | 07/29/1987 | |
| 493 Park Pl, Brooklyn | 4,860 | ||
| 688 Franklin Ave, Brooklyn | 3,000 | 01/09/2008 | $600,000 |
| 690 Franklin Ave, Brooklyn | 3,000 | 05/20/2002 | |
| 455 Park Pl, Brooklyn | 8,360 | 01/25/2023 | |
| 694 Franklin Ave, Brooklyn | 4,000 | 05/31/2011 | $432,500 |
| 491 Park Pl, Brooklyn | 4,840 | ||
| 572 Prospect Pl, Brooklyn | 14,984 | 11/20/2015 | $8,220,000 |
| 528 Classon Ave, Brooklyn | 2,400 | 11/15/2001 | |
| 465 Park Pl, Brooklyn | 8,360 | 11/30/2011 | |
| 461 Park Pl, Brooklyn | 8,360 | 07/02/2009 | $1,250,000 |
| 566 Prospect Pl, Brooklyn | 14,984 | 04/04/1989 | |
| 612 Prospect Pl, Brooklyn | 2,199 | 08/20/2008 | $553,000 |
| 637 Park Pl, Brooklyn | 12,600 | 06/30/2017 | $3,475,528 |
| 528 Prospect Pl, Brooklyn | 30,000 | 06/19/2014 | $10 |
| 520 Prospect Pl, Brooklyn | 118,230 | 03/14/2022 | |
| 722 Classon Ave, Brooklyn | 2,277 | 01/21/2009 | $535,000 |
| 457 Park Pl, Brooklyn | 8,360 | 03/09/2023 | $1,825,000 |
