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565 Prospect Place, Brooklyn, NY 11238 Property Information

565 Prospect Place, Brooklyn, NY 11238 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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565 Prospect Place, Brooklyn, NY 11238 1
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Address

Primary address 565 Prospect Place
Secondary address 561-567 Prospect Pl
Neighborhood Crown Heights
Zip code 11238
Borough Brooklyn
Block & lot 01156-0070

Sales & Tax Overview for 565 Prospect Place, Brooklyn

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Tax class

Lot & Building Information for 565 Prospect Place, Brooklyn

Lot sq. ft. 24,573
Lot dimensions 103.54 ft x 257 ft
Property type Elevator Apartment - Converted (D5)
Building sqft 49,500
Building dimensions 55 ft x 85 ft
Buildings on lot 1
Stories 11
Year built 1930
Year last altered 2004
Construction type
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Zoning & Use for 565 Prospect Place, Brooklyn

Zoning
Residential units (DOF) 86
Regulated units
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 17
Community district 8

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

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.

Other Property Data for 565 Prospect Place, Brooklyn

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Floor area ratio (FAR) for 565 Prospect Place, Brooklyn, NY 11238, 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 565 Prospect Place, Brooklyn, NY 11238, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 561-567 Prospect Pl, Brooklyn, NY 11238
  • 512-520 St Marks Ave, Brooklyn, NY 11238

About 565 Prospect Place, Brooklyn

What is the year built & the total sq. ft. for 565 Prospect Place, Brooklyn, NY 11238?

565 Prospect Place, Brooklyn, NY 11238 was built in 1930 and has a total of 49,500 square feet.

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

The assessed market value for the current tax year is $4,342,500.

When was 565 Prospect Place, Brooklyn, NY 11238 last sold?

565 Prospect Place, Brooklyn, NY 11238 was last sold in 06/22/2017.

How many residential units does this building have?

This building has 86 residential unit(s).

Ownership Information for 565 Prospect Place, Brooklyn

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Property owner name for 565 Prospect Place, Brooklyn, NY 11238
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Building contacts for 565 Prospect Place, Brooklyn, NY 11238
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
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 565 Prospect Place, Brooklyn

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No recorded sales for this property.

Title Documents for 565 Prospect 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
04/21/2026 - R Initial UCC1
(2026042100389001)
04/14/2026 - D
04/23/2026 - R
Easement
(2026041700790009)
04/14/2026 - D
04/23/2026 - R
Agreement
(2026041700790008)
04/14/2026 - D
04/23/2026 - R
Agreement
(2026041700790007)
04/14/2026 - D
04/23/2026 - R
Mortgage
(2026041700790006)
04/14/2026 - D
04/23/2026 - R
Assignment, Mortgage
(2026041700790004)
03/11/2020 - R Initial UCC1
(2020031100880004)
03/05/2020 - D
03/11/2020 - R
Agreement
(2020031100880003)
03/05/2020 - D
03/11/2020 - R
Agreement
(2020031100880002)
03/05/2020 - D
03/11/2020 - R
Mortgage
(2020031100880001)
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R: Recorded date
D: Document date

Property Taxes for 565 Prospect Place, Brooklyn

Access detailed property tax data for 565 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: $0
Tax assessor's market value: $9,650,000
Assessed value: $4,342,500
Exemptions granted by city:

Assessment History for 565 Prospect Place, Brooklyn

Here's the assessment & property tax history for 565 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 $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

Permits for 565 Prospect Place, Brooklyn

The complete history of permits filed for 565 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.

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
10/16/2013 Subdivision: improved
05/24/2010 Alteration type 3
06/04/2004 Alteration type 1
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Brooklyn Commercial Market Stats

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.

Median Price/Sqft Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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) 0.038
View subway map
Bus Routes
Name Franklin Av/Prospect Pl
Line B48
Distance (miles) 0.086

Neighbors for 565 Prospect Place, Brooklyn

Here are the neighbors for 565 Prospect Place, Brooklyn, NY 11238.

Address Square feet Purchase date Purchase price
1038 Broadway, Brooklyn 52,682
171 Prospect Pl, Brooklyn 3,958
377 Sterling Pl, Brooklyn 5,670
480 St Marks Ave, Brooklyn 42,562 06/29/2017
925 Pacific St, Brooklyn 22,320
545 Prospect Pl, Brooklyn 172,800 06/22/2017
568 St Marks Ave, Brooklyn 6,712
1060 Putnam Ave, Brooklyn 6,800
417 Hart St, Brooklyn 15,600
145 Utica Ave, Brooklyn 5,059 01/26/2022
35 Underhill Ave, Brooklyn 78,182
565 Dean St, Brooklyn 5,133
794 St Johns Pl, Brooklyn 7,983
263 Prospect Pl, Brooklyn 5,248
523 Prospect Pl, Brooklyn 44,730 06/22/2017
480 Eastern Pkwy, Brooklyn 11,104
492 St Marks Ave, Brooklyn 16,735
162 St Marks Ave, Brooklyn 6,286
616 3rd St, Brooklyn 4,248
172 Sterling Pl, Brooklyn 13,666
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