Kings  »  11218  »  Prospect Ave  »  1218 Prospect Ave

1218 Prospect Avenue, Brooklyn, NY 11218 - Property report

Also known as: 1218 Prospect Ave

Property image for 1218 Prospect Avenue, Brooklyn, NY 11218
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Property type

Elevator Apartment - Semi-Fireproof with Stores (D7)

Year built

2012

Lot sq. ft.

7,887

Sale price

$3,610,390

General information

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Address
Primary address
1218 Prospect Avenue
Alternate address(es)
1218-1224 Prospect Ave
528 Vanderbilt St
ZIP code
11218
Neighborhood
Windsor Terrace
Borough
Brooklyn
Block & lot
05274-0009

Owner

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Building
Property type
Elevator Apartment - Semi-Fireproof with Stores (D7)
Building sq. ft.
14,714
Building dimensions
77 ft x 75 ft
Buildings on lot
1
Stories
5
Year built
2012
Building material
Sales
Sale date
09/05/2014
Sale price
$3,610,390
Tax
Tax year
2026-2027
Property tax
$121,336
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
9
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
105.67 ft x 83.42 ft
Lot sq. ft.
7,887

Area overview

Walk score
88 /100.  Very Walkable
Transit score
97 /100.  Rider's Paradise
Bike score
79 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
1.30 Miles
Closest fire station
0.14 Miles

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Ownership information for 1218 Prospect Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 1218 Prospect Avenue, Brooklyn, NY 11218

Sale date Sale price Buyer name Seller name
09/05/2014 $3,610,390 XXXX, XXXXXXX XXX XXXX, XXXXXX XXXXX XXXXXXXX, XXX
08/14/2014 $4,208,280 XXXXX XXXXXXXX, XXX XXXXXXXX XXXXXXXXXX, XXX
10/23/2007 $1,950,000 XXXXXXXX XXXXXXXXXX XXX XXXX XXXXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/08/2025 - R
12/20/2024 - D
Agreement
(2025010600796002)
XXXXXXXX XXXXXXXXXX XXX XXXXXXXX XXXXX XXXX X X
01/08/2025 - R
12/20/2024 - D
Mortgage
(2025010600796001)
XXXXXXXX XXXXXXXXXX XXX XXXXXXXX XXXXX XXXX X X
02/23/2015 - R
12/08/2014 - D
Discharge of Tax Lien
(2015021500042003)
XXX XXXX XX XXX XXXX XXXXXX XX XXXXXXXXXX XXXXX
02/23/2015 - R
12/08/2014 - D
Discharge of Tax Lien
(2015021500042002)
XXX XXXX XX XXX XXXX XXXXXX XX XXXXXXXXXX XXXXX
02/23/2015 - R
12/08/2014 - D
Discharge of Tax Lien
(2015021500042001)
XXX XXXX XX XXX XXXX XXXXXX XX XXXXXXXXXX XXXXX
12/08/2014 - R UCC3 Termination
(2014111100596001)
XXXXXXXX XXXXXXXXXX XXX XXXXXXX XXXXXXXXX XXXX
12/08/2014 - R
10/29/2014 - D
Termination of Assign of L&R
(2014111100596002)
XXX XXXXXXXXX XXXX XXXXXXXX XXXXXXXXXX XXX
09/18/2014 - R
09/05/2014 - D
Deed
(2014090800850001)
XXXXX XXXXXXXX XXX XXXX XXXXXXX
09/18/2014 - R
08/14/2014 - D
Both RPTT and RETT
(2014090800869001)
XXXXXXXX XXXXXXXXXX XXX XXXXXXXXX XXXXXXXX
09/04/2014 - R
08/14/2014 - D
Deed
(2014082001119001)
XXXXXXXX XXXXXXXXXX XXX XXXXX XXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 1218 Prospect Avenue, 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
$121,336
Municipal exemptions
Recent tax assessments
Market value
$2,545,000
Assessed value
$1,145,250

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 $2,840,000 $1,278,000 $803,180 12.439% $141,999 $99,908 +30.00%
2024/25 $2,682,000 $1,206,900 $614,812 12.5% $137,914 $76,852 +38.40%
2023/24 $2,602,000 $1,170,900 $444,165 12.502% $135,022 $55,530 +63.78%
2022/23 $2,467,000 $1,110,150 $276,385 12.267% $126,080 $33,904 +5.82%
2021/22 $2,093,000 $941,850 $261,859 12.235% $115,235 $32,038 +0.50%
2020/21 $2,415,000 $1,086,750 $259,882 12.267% $114,102 $31,880 +4.36%
2019/20 $2,423,000 $1,090,350 $244,915 12.473% $104,972 $30,548 +4.88%
2018/19 $2,022,000 $909,900 $230,952 12.612% $95,721 $29,128 +3.07%
2017/18 $1,944,000 $874,800 $222,191 12.719% $89,940 $28,260 +3.24%
2016/17 $1,531,000 $688,950 $212,335 12.892% $83,645 $27,374 +1.78%

Permit information for 1218 Prospect Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/30/2018 Alteration type 1
05/30/2018 Alteration type 1
05/24/2017 Alteration type 2
05/24/2017 Alteration type 2
04/16/2017 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
04/25/2023 Lblvio-low pressure boiler boiler required
12/13/2011 E-elevator
03/09/2011 Aeuhaz1-fail to certify class 1

*Most recent DOB violations on record for this property.

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
Prospect Ave & Reeve Pl at SE Corner
Station lines
F
Distance (miles)
0.049

Access the detailed traffic volume map for 1218 Prospect Avenue, Brooklyn, NY 11218 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

Frequently asked questions

What is the year built for 1218 Prospect Avenue, Brooklyn, NY 11218?

The development at 1218 Prospect Avenue, Brooklyn, NY 11218 was built in 2012.

What is the market value of 1218 Prospect Avenue, Brooklyn, NY 11218?

The current market value of 1218 Prospect Avenue, Brooklyn, NY 11218 is $2,545,000.

What is the total square footage of 1218 Prospect Avenue, Brooklyn, NY 11218?

1218 Prospect Avenue, Brooklyn, NY 11218 has a total of 14,714 square feet.

What is the price per square foot for this property?

$245 per square foot is the price for 1218 Prospect Avenue, Brooklyn, NY 11218.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

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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.

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