Seller's Agent in 2025
Leonardo Aaron
Ben Bay Realty Co
(917) 231-4162
1 in this area
19 Total Sales
506 Prospect Ave Brooklyn, NY 11215
Windsor Terrace Neighborhood
9
Beds
3.5
Baths
3,600
Sq Ft
871
Sq Ft
Highlights
- Rooftop Deck
- 4-minute walk to 15 Street-Prospect Park
- Wood Flooring
- P.S. 154 The Windsor Terrace School Rated A
- Deck
- Terrace
About This Home
As of October 2025Charming three-family home in Windsor Terrace, Brooklyn, offering a rare blend of privacy and outdoor living. Each spacious unit features its own dedicated outdoor space—perfect for relaxing, entertaining, or gardening. Nestled on a quiet, tree-lined street near Prospect Park, this property combines classic Brooklyn character with modern convenience. Ideal for end-users or investors, with flexible layout options and strong rental potential. A true gem in one of Brooklyn’s most sought-after neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,785
Year Built
- Built in 1920
Lot Details
- 1,040 Sq Ft Lot
- Lot Dimensions are 80 x 13
- Fenced Yard
- Irregular Lot
- Back Yard
Home Design
- Triplex
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Asphalt Roof
- Masonry
Interior Spaces
- 3,600 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Unfinished Basement
- Walk-Out Basement
- Stove
Bedrooms and Bathrooms
- 9 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Terrace
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 100 Amp Service
Listing and Financial Details
- Tax Block 871
Community Details
Overview
- 3 Units
Amenities
- Rooftop Deck
- Laundry Facilities
- Bike Room
Building Details
- 1 Vacant Unit
- Fuel Expense $2,400
- Insurance Expense $1,345
- Utility Expense $1,233
- Gross Income $67,200
- Net Operating Income $56,036
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2025
Closed on
Oct 9, 2025
Sold by
Elaine Byram Trustee and Evelyn R. Kossick-Schmidt
Bought by
Brooklyn Blue Skies Llc
Seller's Agent
Leonardo Aaron
Ben Bay Realty Co
Buyer's Agent
Leonardo Aaron
Ben Bay Realty Co
List Price
$2,699,000
Sold Price
$1,800,000
Premium/Discount to List
-$899,000
-33.31%
Views
657
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,037
Avg. Annual Appreciation
31.12%
Original Mortgage
$1,512,000
Outstanding Balance
$1,512,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$467,037
Purchase Details
Closed on
May 18, 2022
Sold by
Kossick Schmidt Evelyn
Bought by
Evelyn R. Kossick-Schmidt 2022 Irrevocab
Purchase Details
Closed on
Sep 2, 1998
Sold by
First Bank Of Beverly Hills and Girard Svgs Bank
Bought by
Schmidt Evelyn Kossick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,890,000 | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,512,000 | Purchase Money Mortgage | |
| Previous Owner | $153,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2025 10/09/25 | Sold | $1,800,000 | -18.1% | $500 / Sq Ft |
| 08/19/2025 08/19/25 | Price Changed | $2,199,000 | -2.3% | $611 / Sq Ft |
| 08/11/2025 08/11/25 | Price Changed | $2,250,000 | -0.9% | $625 / Sq Ft |
| 08/02/2025 08/02/25 | Price Changed | $2,270,000 | -0.8% | $631 / Sq Ft |
| 07/27/2025 07/27/25 | Price Changed | $2,288,000 | -0.5% | $636 / Sq Ft |
| 06/30/2025 06/30/25 | Price Changed | $2,299,000 | -2.1% | $639 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $2,349,000 | -2.1% | $653 / Sq Ft |
| 05/27/2025 05/27/25 | Price Changed | $2,399,000 | -4.0% | $666 / Sq Ft |
| 04/10/2025 04/10/25 | Price Changed | $2,499,000 | -7.4% | $694 / Sq Ft |
| 02/26/2025 02/26/25 | For Sale | $2,699,000 | -- | $750 / Sq Ft |
| 02/26/2025 02/26/25 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $5,159 | $124,800 | $26,040 | $98,760 |
| 2024 | $5,159 | $146,820 | $26,040 | $120,780 |
| 2023 | $5,129 | $152,940 | $27,120 | $125,820 |
| 2022 | $4,733 | $144,420 | $27,120 | $117,300 |
| 2021 | $4,703 | $134,280 | $27,120 | $107,160 |
| 2019 | $4,429 | $136,560 | $27,120 | $109,440 |
| 2018 | $4,230 | $22,213 | $4,152 | $18,061 |
| 2017 | $3,972 | $20,956 | $6,018 | $14,938 |
| 2016 | $3,647 | $19,795 | $6,041 | $13,754 |
| 2015 | $2,165 | $19,780 | $9,027 | $10,753 |
| 2014 | $2,165 | $18,810 | $10,297 | $8,513 |
Source: Public Records
Agents Affiliated with this Home
-
Leonardo Aaron
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 489507
APN: 00871-0017
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