Kings  »  11238  »  Prospect Pl  »  523 Prospect Pl

523 Prospect Place, Brooklyn, NY 11238 - Property report

Also known as: 515-531 Prospect Pl

Property image for 523 Prospect Place, Brooklyn, NY 11238
static Mapbox map

Property type

Elevator Apartment - Converted (D5)

Year built

1930

Lot sq. ft.

24,056

General information

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Address
Primary address
523 Prospect Place
Alternate address(es)
464 St Marks Ave
515-531 Prospect Pl
ZIP code
11238
Neighborhood
Crown Heights
Borough
Brooklyn
Block & lot
01156-0090

Owner

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Building
Property type
Elevator Apartment - Converted (D5)
Building sq. ft.
44,730
Building dimensions
153 ft x 48.73 ft
Buildings on lot
1
Stories
5
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
83
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
153.81 ft x 156.25 ft
Lot sq. ft.
24,056

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
95 /100.  Biker's Paradise
School district
17
Community district
8

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

Ownership

Ownership information for 523 Prospect Place, Brooklyn, NY

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

Sales history for 523 Prospect Place, Brooklyn, NY 11238

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/23/2026 - R
04/14/2026 - D		 Easement
(2026041700790009)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXX XX XXXXX XXX XXX
10/08/2025 - R UCC3 Continuation
(2025100300186001)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX
08/02/2024 - R
06/21/2024 - D		 Partial Release of Mortgage
(2024080100185002)		 XXXXXXXX XXXX XX XXX XXXX XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXX
07/29/2024 - R
06/21/2024 - D		 Mortgage Spreader Agreement
(2024072000033001)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX
07/10/2024 - R
06/21/2024 - D		 Mortgage
(2024062500788002)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX
07/10/2024 - R
06/21/2024 - D		 Agreement
(2024062500788001)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX
11/12/2020 - R UCC3 Termination
(2020110500731006)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXX XXX XXXX XXXXXXXXX XXXX
11/12/2020 - R Initial UCC1
(2020110500731004)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX
11/12/2020 - R
11/02/2020 - D		 Assignment, Mortgage
(2020110500731005)		 XXX XXXX XXXXXXXXX XXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX
11/12/2020 - R
11/02/2020 - D		 Assignment of Leases and Rents
(2020110500731003)		 XXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXXX XXXXXXXX XXXX XX XXX XXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 523 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
$10,628,000
Assessed value
$4,782,600

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 $13,310,000 $5,989,500 $0 12.439% $745,034 $0 n/a
2024/25 $13,471,000 $6,061,950 $0 12.5% $743,614 $0 n/a
2023/24 $13,851,000 $6,232,950 $0 12.502% $737,263 $0 n/a
2022/23 $13,890,000 $6,250,500 $0 12.267% $710,532 $0 n/a
2021/22 $12,108,000 $5,448,600 $0 12.235% $666,636 $0 n/a
2020/21 $12,779,000 $5,750,550 $0 12.267% $656,628 $0 n/a
2019/20 $12,896,000 $5,803,200 $0 12.473% $633,964 $0 n/a
2018/19 $12,685,000 $5,708,250 $0 12.612% $603,238 $0 n/a
2017/18 $12,613,000 $5,675,850 $4,580,741 12.719% $582,624 $582,624 +1.71%
2016/17 $12,003,000 $5,401,350 $4,443,441 12.892% $572,848 $572,848 +7.05%
Permits

Permit information for 523 Prospect Place, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
07/11/2023 Alteration
07/05/2023 Alteration
06/20/2022 Alteration
01/25/2022 Alteration
11/16/2021 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.

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Franklin Ave & Park Pl at NW Corner
Station lines
FS
Distance (miles)
0.086
View subway map

Access the detailed traffic volume map for 523 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

Neighbors for 523 Prospect Place, Brooklyn, NY

1038 Broadway, Brooklyn 171 Prospect Pl, Brooklyn 377 Sterling Pl, Brooklyn 66 Bainbridge St, Brooklyn 480 St Marks Ave, Brooklyn 925 Pacific St, Brooklyn 545 Prospect Pl, Brooklyn 568 St Marks Ave, Brooklyn 1060 Putnam Ave, Brooklyn 417 Hart St, Brooklyn 145 Utica Ave, Brooklyn 35 Underhill Ave, Brooklyn 893 Myrtle Ave, Brooklyn 565 Dean St, Brooklyn 794 St Johns Pl, Brooklyn 263 Prospect Pl, Brooklyn 480 Eastern Pkwy, Brooklyn 565 Prospect Pl, Brooklyn 492 St Marks Ave, Brooklyn 162 St Marks Ave, Brooklyn

Nearby ZIP codes for 523 Prospect Place, Brooklyn, NY

10002, New York City, NY 10038, New York City, NY 11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11221, New York City, NY 11225, New York City, NY 11226, New York City, NY 11231, New York City, NY 11232, New York City, NY 11233, New York City, NY 11237, New York City, NY

Frequently asked questions

What is the year built for 523 Prospect Place, Brooklyn, NY 11238?

The development at 523 Prospect Place, Brooklyn, NY 11238 was built in 1930.

What is the total square footage of 523 Prospect Place, Brooklyn, NY 11238?

523 Prospect Place, Brooklyn, NY 11238 has a total of 44,730 square feet.

What is the assessed value of 523 Prospect Place, Brooklyn, NY 11238?

523 Prospect Place, Brooklyn, NY 11238 is currently assessed at $4,782,600.

How many residential units does this building have?

This building has 83 residential unit(s).

Disclaimer

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