NOT LISTED FOR SALE

493 Park Place Unit 4F Brooklyn, NY 11238

Prospect Heights Neighborhood

Estimated Value: $723,000 - $1,425,000

1 Bed
1 Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 22, 2013

Last sale price $400,000

Est. 130% increase in value since last sale

Current estimated payment $5,431/month

Highlights

  • Rooftop Deck
  • 4-minute walk to Park Place (S Line)
  • 3-minute walk to Stroud Playground
  • Pre War Building
  • Intercom

About This Home

As of June 2021

Welcome to this renovated and efficientlylaid out, top floor, true 1 bedroom apartment in prime Prospect Heights. Enter the apartment with high ceilings throughoutand step into a large living room with a beautiful wall of exposed brick, plenty of room for entertaining and a dining area. The corner kitchen is newly renovatedwith high end appliancesincludinga dishwasher and plenty of storage.

The bedroom isvery peaceful with skylights and more exposed brick. It isspacious and can accommodatea queen size bed plus furniture.Large bathroom off of the living room with another skylight.

Best of all, you have your own washer/dryer in the unit.

Well-maintained condominium buildingin between all of the restaurants, bars and shops on Washington Ave and Franklin Ave. 4 blocks down Prospect Park and the Brooklyn Museum.

Last Agent to Rent the Property

Jonathan Ortiz

Compass License #10401251205 Listed on: 06/06/2021

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,914

Year Built

  • 1915

Lot Details

  • 3,920

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System

Community Details

  • Crown Heights Subdivision
  • Rooftop Deck

Listing and Financial Details

  • Property Available on 6/6/21
  • Legal Lot and Block 7501 / 1162

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,914

Year Built

1915

Lot Details

0

Rental Info

  • Available Date: 2021-06-06

Listing Details

  • Cross Street: Washington Avenue/Classon Avenue
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Crown Heights
  • Architectural Style: Prewar
  • Entry Level: 4
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1915

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Window Unit(s)

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 1162
  • Tax Lot: 7501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2013
Closed on
Nov 7, 2013
Sold by
Jemison Caitlin
Bought by
Cheung Andrea
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$921,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,453
Avg. Annual Appreciation
5.83%
Original Mortgage
$300,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2005
Sold by
Carroll Stewart J
Bought by
Jemison Caitlin

Purchase Details

Closed on
Feb 28, 2000
Sold by
Ocwen Federal Bank Fsb
Bought by
Carroll Stewart J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cheung Andrea $400,000 --
Jemison Caitlin $200,000 --
Carroll Stewart J $30,000 Titleserv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Andrea $265,000
Closed Cheung Andrea $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2021 06/06/21 For Rent $2,600 -99.4% --
06/06/2021 06/06/21 Rented -- -- --
11/22/2013 11/22/13 Sold $400,000 0.0% $667 / Sq Ft
10/23/2013 10/23/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $400,000 -- $667 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,914 $69,708 $3,046 $66,662
2024 $4,914 $87,165 $3,046 $84,119
2023 $4,550 $82,302 $3,046 $79,256
2022 $4,134 $80,896 $3,046 $77,850
2021 $3,337 $70,001 $3,046 $66,955
2020 $1,882 $76,562 $3,046 $73,516
2019 $3,813 $71,699 $3,046 $68,653
2018 $3,561 $27,997 $1,427 $26,570
2017 $3,297 $25,924 $1,558 $24,366
2016 $3,092 $24,004 $1,590 $22,414
2015 $1,477 $24,004 $1,897 $22,107
2014 $1,477 $23,259 $2,039 $21,220
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Ortiz

    Landlord's Agent in 2021

    Jonathan Ortiz

    Compass

    (917) 294-5953

    7 Total Sales

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10724236

Real Estate Board of New York (REBNY)

APN: 01162-1007

New York Kings County Brooklyn 11238 Prospect Heights

493 Park Place Unit 4F, Brooklyn, NY

This home is located at 493 Park Place Unit 4F, Brooklyn, NY 11238 since 06 June 2021 and is currently priced at $921,453. This property was built in 1915. 493 Park Place Unit 4F is a home located in Kings County with nearby schools including Elijah Stroud Middle School, Explore Exceed Charter Lower School, and Luria Academy of Brooklyn.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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