Kings » 11238 » Prospect Pl » 565 Prospect Pl

565 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 561-567 Prospect Pl

Property image for 565 Prospect Place, Brooklyn, NY 11238

Property type

Elevator Apartment - Converted (D5)

Year built

1930

Lot sq. ft.

24,573

General information

Address

Primary address

565 Prospect Place

Alternate address(es)

512-520 St Marks Ave
561-567 Prospect Pl

ZIP code

11238

Neighborhood

Crown Heights

Borough

Brooklyn

Block & lot

01156-0070

Building

Property type

Elevator Apartment - Converted (D5)

Building sq. ft.

49,500

Building dimensions

55 ft x 85 ft

Buildings on lot

Stories

Year built

1930

Last altered

2004

Building material

Tax

Tax year

2026-2027

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

103.54 ft x 257 ft

Lot sq. ft.

24,573

Area overview

Walk score

92 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

95 /100. Biker's Paradise

School district

Community district

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

Building Description

Architect George Morse designed a grand Renaissance Revival structure for the Brooklyn Jewish Hospital in 1901. The complex at 565 Prospect Place grew through the years to become one of the largest and most respected care facilities in the borough ? even Albert Einstein came here for surgery. By the 1970s the hospital was in financial straits and filed bankruptcy. By the end of the 20th century the 11-story showplace in Crown Heights was abandoned and deteriorating ? but Efstathios Valiotis' Alma Realty undertook a redevelopment of the six former hospital buildings into rental housing that now offers 889 apartments ? 86 of which are regulated.

The one-time hospital wards at 565 Prospect Place now offer five apartment configurations from studios to four-bedroom layouts. There are laundry facilities on site, and markets and restaurants are convenient along tree-lined neighborhood streets. The S Line at Park Place is steps away and the 2, 3, 4, and 5 Lines can all be boarded within half a mile. Part of School District 17, 565 Prospect Place is zoned for P.S. 705, and M.S. 352. Private options include German School Brooklyn and Explore Exceed Charter.

Ownership

Ownership information for 565 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 565 Prospect Place, Brooklyn, NY 11238

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/08/2026 - R	UCC3 Assignment (2026060300252002)	XXX XX XXXXX XXX XXX	XXXXX XXXXXXXXXXXXXX X X
06/08/2026 - R 05/21/2026 - D	Assignment, Mortgage (2026060300252001)	XXXXX XXXXXXXXXXXXXX X X	XXXXXXXX XXXX XXXXXXXX XXXXX XXXXXXX
04/21/2026 - R	Initial UCC1 (2026042100389001)	XXX XX XXXXX XXX XXX	XXXXX XXXXXXXXXXXXXX X X
04/23/2026 - R 04/14/2026 - D	Easement (2026041700790009)	XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX	XXX XX XXXXX XXX XXX
04/23/2026 - R 04/14/2026 - D	Agreement (2026041700790008)	XXXXX XXXXXXXXXXXXXX X X	XXX XXXX XX XXX XXXX XXXX XX XXXXXXX XXXXXXXXXXXX
04/23/2026 - R 04/14/2026 - D	Agreement (2026041700790007)	XXX XX XXXXX XXX XXX	XXXXX XXXXXXXXXXXXXX X X
04/23/2026 - R 04/14/2026 - D	Mortgage (2026041700790006)	XXX XX XXXXX XXX XXX	XXXXX XXXXXXXXXXXXXX X X
04/23/2026 - R 04/14/2026 - D	Assignment, Mortgage (2026041700790004)	XXXXXXXX XXXX X X	XXXXX XXXXXXXXXXXXXX X X
03/11/2020 - R	Initial UCC1 (2020031100880004)	XXX XXXXXXXX XX XXX	XXX XXXX XXXXXXXXX XXXX
03/11/2020 - R 03/05/2020 - D	Agreement (2020031100880003)	XXX XXXX XX XXX XXXX XXXXXXX XXXXXXXXXXXX XXXXXXXX	XXX XXXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 565 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

Municipal exemptions

Recent tax assessments

Market value

$9,890,000

Assessed value

$4,450,500

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	$9,650,000	$4,342,500	$0	12.439%	$512,075	$0	n/a
2024/25	$10,058,000	$4,526,100	$0	12.5%	$506,520	$0	n/a
2023/24	$9,065,000	$4,079,250	$0	12.502%	$490,488	$0	n/a
2022/23	$9,091,000	$4,090,950	$0	12.267%	$471,045	$0	n/a
2021/22	$7,877,000	$3,544,650	$0	12.235%	$433,688	$0	n/a
2020/21	$8,933,000	$4,019,850	$0	12.267%	$454,761	$0	n/a
2019/20	$8,626,000	$3,881,700	$0	12.473%	$445,470	$0	n/a
2018/19	$8,139,000	$3,662,550	$0	12.612%	$430,111	$0	n/a
2017/18	$8,068,000	$3,630,600	$3,225,663	12.719%	$410,272	$410,272	+3.74%
2016/17	$7,871,000	$3,541,950	$3,067,623	12.892%	$395,478	$395,478	+6.32%

Permits

Permit information for 565 Prospect Place, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
10/07/2022	Alteration
12/25/2019	Alteration
10/18/2019	Alteration type 2
10/18/2018	Alteration
10/10/2018	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
	08/03/2024	Bench-failure to benchmark none
	05/03/2024	Bench-failure to benchmark none
	02/23/2024	Bench-failure to benchmark none

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Franklin Ave & Park Pl at NW Corner

Station lines

Distance (miles)

0.038

View subway map

Access the detailed traffic volume map for 565 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

Frequently asked questions

What is the year built for 565 Prospect Place, Brooklyn, NY 11238?

The development at 565 Prospect Place, Brooklyn, NY 11238 was built in 1930.

What is the total square footage of 565 Prospect Place, Brooklyn, NY 11238?

565 Prospect Place, Brooklyn, NY 11238 has a total of 49,500 square feet.

What is the assessed value of 565 Prospect Place, Brooklyn, NY 11238?

565 Prospect Place, Brooklyn, NY 11238 is currently assessed at $4,450,500.

How many residential units does this building have?

This building has 86 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.