New York City » 11216 » Prospect Pl » 723 Prospect Pl

723 Prospect Place, Brooklyn, NY 11216 - Property report

Also known as: 723 Prospect Pl

Property image for 723 Prospect Place, Brooklyn, NY 11216

Property type

Two Family Brick (B1)

Year built

2002

Lot sq. ft.

2,000

Sale price

$1,200,000

General information

Address

Primary address

723 Prospect Place

ZIP code

11216

Neighborhood

Crown Heights

Borough

Brooklyn

Block & lot

01226-0073

Building

Property type

Two Family Brick (B1)

Building sq. ft.

2,140

Building dimensions

20 ft x 53.5 ft

Buildings on lot

Stories

Year built

2002

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

02/18/2020

Sale price

$1,200,000

Tax

Tax year

2026-2027

Property tax

$10,532

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Prospect Place (narrow)

Nearest wide street

Rogers Avenue

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

96 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

94 /100. Biker's Paradise

School district

Community district

Closest police station

0.70 Miles

Closest fire station

0.48 Miles

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

Ownership

Ownership information for 723 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 723 Prospect Place, Brooklyn, NY 11216

Sale date	Sale price	Buyer name	Seller name
02/18/2020	$1,200,000	XXXXXXXX, XXXX XXXXXX XXX XXXXXXXX, XXX	XXXX, XXXXXXX X XXX XXXX, XXXX XXX XXXXXXXX, XXXXXXXX
12/31/2002	$375,000	XXXXXXXXX, XXXXX XXX	XXXXXX XXXXX XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/23/2020 - R 03/17/2020 - D	Satisfaction of Mortgage (2020062200986001)	XXXX XXXXXXX X	XXX XXXX XXXXXXXXX XXX
03/04/2020 - R 02/18/2020 - D	Mortgage (2020030301291004)	XXXXXXXX XXXX XXXXXX	XXXX XXX
03/04/2020 - R 02/18/2020 - D	Deed (2020030301291003)	XXXX XXXXXXX X	XXXXXXXX XXXX XXXXXX
03/04/2020 - R 02/17/2020 - D	Power of Attorney (2020030301291002)	XXXX XXXXXXX X	XXXX XXX
03/04/2020 - R 02/12/2020 - D	Power of Attorney (2020030301291001)	XXXXXXXX XXXXXXXX	XXXX XXXXX
08/04/2017 - R 07/27/2017 - D	Assignment, Mortgage (2017072701294001)	XXXXXX XXXXXXXXX XXX	XXX XXXX XXXXXXXXX XXX
08/09/2017 - R 07/11/2017 - D	Satisfaction of Mortgage (2017080801521001)	XXXX XXXXXXX X	XXXXXX XXX XXXXXXXX XXXXXXXXXXX
01/10/2017 - R 12/29/2016 - D	Assignment, Mortgage (2016122900677002)	XXXXXXXXXXX XXXXXX XXXXXXXX XXX	XXXXXX XXXXXXXXX XXX
01/10/2017 - R 12/01/2016 - D	Assignment, Mortgage (2016122900677001)	XXXXX XXXX XXXXXXXXX XXX	XXXXXXXXXXX XXXXXX XXXXXXXX XXX
08/24/2016 - R 08/03/2016 - D	Tax Lien Sale Certificate (2016082301240001)	XXXX XX XXX XXXX	XXXX XX XXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 723 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

$10,532

Municipal exemptions

Recent tax assessments

Market value

$1,357,000

Assessed value

$81,420

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	$1,424,000	$85,440	$50,129	19.843%	$9,947	$9,947	-1.20%
2024/25	$1,507,000	$90,420	$50,129	20.085%	$10,068	$10,068	+5.68%
2023/24	$1,845,000	$110,700	$47,434	20.085%	$9,527	$9,527	+0.06%
2022/23	$1,510,000	$90,600	$46,883	20.309%	$9,521	$9,521	+7.83%
2021/22	$1,166,000	$69,960	$44,231	19.963%	$8,830	$8,830	+0.44%
2020/21	$1,226,000	$73,560	$41,774	21.045%	$8,791	$8,791	-0.58%
2019/20	$1,289,000	$77,340	$41,774	21.167%	$8,842	$8,842	+6.93%
2018/19	$1,726,000	$103,560	$39,528	20.919%	$8,269	$8,269	+3.83%
2017/18	$1,094,000	$65,640	$39,069	20.385%	$7,964	$7,964	+8.08%
2016/17	$1,000,000	$60,000	$36,859	19.991%	$7,368	$7,368	+8.25%

Permits

Permit information for 723 Prospect Place, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
02/13/2003	New building
02/07/2003	New building
12/03/2002	New building
07/30/2002	New building
07/24/2002	New building

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Crown Heights North residential market stats

Access a detailed real estate market overview of Crown Heights North so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Crown Heights North and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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)

0.284

View subway map

Access the detailed traffic volume map for 723 Prospect Place, Brooklyn, NY 11216 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 138	6	Yes	Public	PK, K-8	414	0.07
P.S. 138	6	Yes	Public	PK, K-8	414	0.07
Success Academy Prospect Heights	NR	No	Charter	K-3	0	0.07
Success Academy Charter School-Prospect Heights	9	No	Charter	K-5	275	0.08
Friends of Crown Heights #2	NR	No	Private	K	0	0.12
German School Brooklyn	NR	No	Private	PK, K-8	195	0.17
German School Brooklyn	NR	No	Private	PK, K-8	195	0.17
Carmel Christian School	NR	No	Private	K-9	51	0.17
Carmel Christian School	NR	No	Private	PK, K-8	0	0.17

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
The School Of Integrated Learning	7	Yes	Public	6-8	199	0.80
P.S. 138	6	No	Public	PK, K-8	414	0.07
German School Brooklyn	NR	No	Private	PK, K-8	195	0.17
Carmel Christian School	NR	No	Private	K-9	51	0.17
Carmel Christian School	NR	No	Private	PK, K-8	0	0.17
Epiphany Lutheran School	NR	No	Private	PK, K-8	167	0.26
Hebron Seventh-Day Aventist Bilingual	NR	No	Private	PK-8	52	0.32
Restoration Academy	3	No	Public	6-8	94	0.42
Explore Exceed Charter School	6	No	Charter	K-8	429	0.44

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Aspirations Diploma Plus High School	NR	No	Public	9-12	199	0.37
W E B Dubois Academic High School	NR	No	Public	9-12	114	0.39
ASPIRATIONS DIPLOMA PLUS HIGH SCHOOL	NR	No	Public	9-12	143	0.43
Educational Institute Onolei	NR	No	Private	PK, K-12	0	0.46
Educational Institute Oholei Torah-Oholei Menachem	NR	No	Private	K-12	1,500	0.47
Medgar Evers College Preparatory School	7	No	Public	6-12	1,351	0.54
Acorn Community High School	NR	No	Public	9-12	107	0.57
GOTHAM PROFESSIONAL ARTS ACADEMY	NR	No	Public	9-12	217	0.57
Uncommon New York City Charter #1	NR	No	Charter		0	0.57
Gotham Professional Arts Academy	NR	No	Public	9-12	179	0.57

Neighbors for 723 Prospect Place, Brooklyn, NY

Frequently asked questions

What is the year built for 723 Prospect Place, Brooklyn, NY 11216?

The development at 723 Prospect Place, Brooklyn, NY 11216 was built in 2002.

What is the total square footage of 723 Prospect Place, Brooklyn, NY 11216?

723 Prospect Place, Brooklyn, NY 11216 has a total of 2,140 square feet.

When was 723 Prospect Place, Brooklyn, NY 11216 last sold and what was the sale price?

723 Prospect Place, Brooklyn, NY 11216 was last sold on 02/18/2020 for $1,200,000.

What is the assessed value of 723 Prospect Place, Brooklyn, NY 11216?

723 Prospect Place, Brooklyn, NY 11216 is currently assessed at $81,420.

What are the property taxes for 723 Prospect Place, Brooklyn, NY 11216?

The property taxes for 723 Prospect Place, Brooklyn, NY 11216 total $10,532.

How many residential units does this building have?

This building has 2 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.