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701 Park Place, Brooklyn, NY 11216 Property Information

701 Park Place, Brooklyn, NY 11216 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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701 Park Place, Brooklyn, NY 11216 1
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Address

Primary address 701 Park Place
Neighborhood Crown Heights
Zip code 11216
Borough Brooklyn
Block & lot 01231-0059

Sales & Tax Overview for 701 Park Place, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $5,308

Lot & Building Information for 701 Park Place, Brooklyn

Lot sq. ft. 2,533
Lot dimensions 19.33 ft x 131 ft
Property type Two Family Brick (B1)
Building sqft 3,042
Building dimensions 19.33 ft x 48 ft
Buildings on lot 1
Stories 2
Structure type Brownstone
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Year built 1901
Frontage(s) Park Place (narrow)
Nearest wide street Bedford Avenue
Distance to wide street
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Zoning & Use for 701 Park Place, Brooklyn

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 8
Closest police station 0.71 Miles
Closest fire station 0.36 Miles

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

Other Property Data for 701 Park Place, Brooklyn

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Floor area ratio (FAR) for 701 Park Place, Brooklyn, NY 11216, 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 701 Park Place, Brooklyn, NY 11216, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 701 Park Place, Brooklyn

What is the year built & the total sq. ft. for 701 Park Place, Brooklyn, NY 11216?

701 Park Place, Brooklyn, NY 11216 was built in 1901 and has a total of 3,042 square feet.

What is the assessed value of 701 Park Place, Brooklyn, NY 11216 and the property tax paid?

Assessed at $114,600, the tax amount paid for 701 Park Place, Brooklyn, NY 11216 is $5,308. For the next year, the tax amount for 701 Park Place, Brooklyn, NY 11216 is estimated at $5,308.

When was 701 Park Place, Brooklyn, NY 11216 last sold?

701 Park Place, Brooklyn, NY 11216 was last sold in 03/17/2016.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 701 Park Place, Brooklyn

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Property owner name for 701 Park Place, Brooklyn, NY 11216
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Building contacts for 701 Park Place, Brooklyn, NY 11216
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 701 Park Place, Brooklyn

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No recorded sales for this property.

Title Documents for 701 Park 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
07/09/2024 - D
07/12/2024 - R
Satisfaction of Mortgage
(2024071100004002)
06/24/2024 - D
06/28/2024 - R
Assignment, Mortgage
(2024062500667001)
04/30/2024 - R UCC3 Termination
(2024042800012004)
04/30/2024 - R UCC3 Termination
(2024042800012003)
03/28/2024 - D
03/28/2024 - R
Satisfaction of Mortgage
(2024032800310001)
03/06/2024 - D
04/30/2024 - R
Mortgage
(2024042800012002)
03/06/2024 - D
04/30/2024 - R
Mortgage
(2024042800012001)
09/07/2021 - R UCC3 Continuation
(2021090200423001)
07/08/2021 - D
10/21/2021 - R
Mortgage
(2021101501538001)
10/25/2018 - D
02/20/2019 - R
Assignment, Mortgage
(2019022000323002)
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R: Recorded date
D: Document date

Property Taxes for 701 Park Place, Brooklyn

Access detailed property tax data for 701 Park Place, Brooklyn, NY 11216. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $5,309
Estimated property tax: $5,308
Tax assessor's market value: $1,910,000
Assessed value: $114,600

Assessment History for 701 Park Place, Brooklyn

Here's the assessment & property tax history for 701 Park 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 $1,910,000 $114,600 $26,753 19.843% $5,309 $5,309 +4.39%
2024/25 $1,846,000 $110,760 $25,319 20.085% $5,085 $5,085 +6.00%
2023/24 $2,007,000 $120,420 $23,886 20.085% $4,798 $4,798 -0.03%
2022/23 $1,632,000 $97,920 $23,630 20.309% $4,799 $4,799 +7.82%
2021/22 $1,566,000 $93,960 $22,294 19.963% $4,451 $4,451 -5.13%

Permits for 701 Park Place, Brooklyn

The complete history of permits filed for 701 Park 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.

No recorded permits for this property.

Crown Heights Residential Market Stats

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

Median Sale Price
$990,000
12.5% YoY
Median Price/Sqft
$964
34.6% YoY
Brooklyn Median Sale Price
$885,000
2.5% 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) 0.183
View subway map
Bus Routes
Name Bedford Av/Prospect Pl
Line B49
Distance (miles) 0.037

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 138 6 Yes Public PK, K-8 414 0.16
P.S. 138 6 Yes Public PK, K-8 414 0.16
Friends of Crown Heights #2 NR No Private K 0 0.04
German School Brooklyn NR No Private PK, K-8 195 0.12
German School Brooklyn NR No Private PK, K-8 195 0.12

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Ebbetts Field Middle School 6 Yes Public 6-8 123 0.68
German School Brooklyn NR No Private PK, K-8 195 0.12
Carmel Christian School NR No Private K-9 51 0.13
Carmel Christian School NR No Private PK, K-8 0 0.14
P.S. 138 6 No Public PK, K-8 414 0.16

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Aspirations Diploma Plus High School NR No Public 9-12 199 0.30
W E B Dubois Academic High School NR No Public 9-12 114 0.31
ASPIRATIONS DIPLOMA PLUS HIGH SCHOOL NR No Public 9-12 143 0.35
International High School at Prospect Heights 1 No Public 9-12 272 0.46
Brooklyn Academy of Science and the Environment 3 No Public 9-12 265 0.46

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 701 Park Place, Brooklyn

Here are the neighbors for 701 Park Place, Brooklyn, NY 11216.

Address Square feet Purchase date Purchase price
681 Park Pl, Brooklyn 3,102 04/23/2024
1444 Bedford Ave, Brooklyn 7,527 12/26/2012 $1,070,000
687 Park Pl, Brooklyn 3,114 12/18/2002 $378,250
686 Prospect Pl, Brooklyn 5,600 02/20/1997
670 Prospect Pl, Brooklyn 2,700 05/27/2005 $739,000
695 Park Pl, Brooklyn 2,940 06/01/2003
703 Park Pl, Brooklyn 3,798 09/01/2015 $984,000
1430 Bedford Ave, Brooklyn 39,950 10/07/2015 $354,521
678 Prospect Pl, Brooklyn 8,557 04/15/2021 $10,000,000
699 Park Pl, Brooklyn 2,944 07/25/2024
683 Park Pl, Brooklyn 3,114 02/05/2015 $954,000
690 Prospect Pl, Brooklyn 9,800 11/01/2011 $1,025,000
672 Prospect Pl, Brooklyn 2,400 08/31/1998
693 Park Pl, Brooklyn 2,940 09/23/2003 $450,000
689 Park Pl, Brooklyn 2,904 10/07/2022 $1,950,000
679 Park Pl, Brooklyn 3,150 10/11/2022 $1,890,000
685 Park Pl, Brooklyn 3,150 12/28/2012
676 Prospect Pl, Brooklyn 2,700 06/15/2007 $680,000
697 Park Pl, Brooklyn 2,574 12/12/2003
1442 Bedford Ave, Brooklyn 9,180 03/01/2000
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