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Brooklyn / Crown Heights (North) / 11238

585 PROSPECT PLACE

Boro3
Block1156
Lot66
BBL3011560066
Class C4
Residential units
20
Units in total
20
Storeys
4
Year built
1931
Last alteration on file
-
Recorded transfers
1 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
22 May 2003$2,475,000-APARTMENT BUILDINGDEEDO
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 5,800 SQ FT4
Drawn from PLUTO: 4 storeys, 13,480 sq ft of building on 5,800 sq ft of lot, an average floor plate covering 58% of it. The dashed outline is the difference between the floor area ratio already built (2.32) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
5,800 sq ft
Building area
13,480 sq ft
Residential area
13,480 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.32
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$42,300
Assessed total value
$662,850
Exempt value
$0
Assessed per residential unit
$33,143

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
C4OLD LAW TENEMENT
Neighbourhood
Crown Heights (North)
ZIP code
11238
Community district
Brooklyn 8
Council district
35
Coordinates
40.675467, -73.957117
05

Other buildings in Crown Heights (North)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1880 PACIFIC STREETD11,16819500-
953 DEAN STREETD724020230-
1034 ATLANTIC AVENUED723720240-
805 ST MARKS AVENUED120019243-
564 ST JOHNS PLACED119320152-
409 EASTERN PARKWAYRM18620160-
1733 BERGEN STREETD118419500-
769 ST MARKS AVENUED118019242-
998-1010 PACIFIC STREETD317520220-
545 PROSPECT PLACED515919300-
230 KINGSTON AVENUED915219820-
497 ST MARKS AVENUED114720140-

Every building on file in Crown Heights (North)