NOT LISTED FOR SALE

571 Prospect Ave Brooklyn, NY 11215

Windsor Terrace Neighborhood

Estimated Value: $2,137,000 - $2,928,823

4 Beds
3.5 Baths
3,000 Sq Ft
$805/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $1,700,000 $567 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $14,065/month

95 Days on Market

Highlights

  • Community Garden
  • Garage
  • 5-minute walk to Thomas J. Cuite Park
  • P.S. 154 The Windsor Terrace School Rated A

About This Home

As of October 2020

With beautifully designed approved plans in place, this 20x50 home on a 20x111 lot is in need of a new owner to complete the renovation of what is sure to be a jaw-dropping 3,000 square foot masterpiece. With private parking, expansive yard and ideal location this home is not to be missed. Given the current condition, a cash purchase or construction financing is required.

This brick home has been completely gutted and has DOB approved plans in place for a stunning single family home with guest suite. Approved plans call for 4 bedrooms and 3.5 baths including master suite with full bath. The walk-in garden level is designed as a guest suite with additional den space and additional storage in what is currently the private garage. Both the garden and parlor floor will have yard access. Three bedrooms, two baths and library complete the top floor.

Ideally and conveniently located in desirable Windsor Terrace, one of Brooklyn's most charming and neighborhoods. A quaint respite from the hustle and bustle of the city, Windsor Terrace is home to an array of shopping and restaurants such as Krupa, Le Paddock, Della's and many more. If green space is what you desire, search no more. This stunning home has its own private backyard and is within walking distance to Prospect Park and Greenwood Cemetery - the highest point in Brooklyn with peaceful gardens and lakes throughout.

Inquire for Additional Details

Last Agent to Sell the Property

Abigail Palanca

Serhant License #10401246167 Listed on: 06/08/2020

Serhant

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,939

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 20.0 x 111.0

Parking

  • Garage

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • Windsor Terrace Subdivision
  • Community Garden

Listing and Financial Details

  • Legal Lot and Block 168 / 1116

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,939

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 10th Avenue/11th Avenue
  • Delivered Vacant: Yes
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Windsor Terrace
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Living Area: 3000.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Total: 3.5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Lot Info

  • Zoning: R 5 B
  • Lot Size Dimensions: 20.0 x 111.0

Building Info

  • Landmark Status: No
  • Total Stories: 2
  • Year Built: 1960

Tax Info

  • Tax Block: 1116
  • Tax Lot: 168
  • Building Tax Lot: 168

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Oct 26, 2020
Sold by
Phillips Gabriel and Phillips Victoria
Bought by
Edlm Prospect Llc
Seller's Agent
Abigail Palanca
Serhant
List Price
$1,700,000
Sold Price
$1,700,000
Current Estimated Value
$2,413,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$713,956
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Dec 17, 2019
Sold by
Dolan Kim and Simuoli Victor
Bought by
Phillips Gabriel and Phillips Victoria

Purchase Details

Closed on
Feb 27, 1998
Sold by
Cretella Joseph
Bought by
Simuoli Victor and Dolan Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.98%
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
Edlm Prospect Llc $1,700,000 --
Phillips Gabriel $2,040,000 --
Simuoli Victor $270,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simuoli Victor $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $1,700,000 0.0% $567 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $1,700,000 -- $567 / 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 $10,939 $150,120 $25,140 $124,980
2024 $10,939 $143,520 $25,140 $118,380
2023 $10,713 $149,460 $26,160 $123,300
2022 $9,421 $122,340 $26,160 $96,180
2021 $10,012 $113,760 $26,160 $87,600
2020 $5,006 $114,780 $26,160 $88,620
2019 $9,494 $123,540 $26,160 $97,380
2018 $8,961 $43,959 $8,881 $35,078
2017 $8,454 $41,472 $9,316 $32,156
2016 $7,925 $39,645 $11,031 $28,614
2015 $4,719 $39,645 $14,794 $24,851
2014 $4,719 $37,821 $13,920 $23,901
Source: Public Records

Agents Affiliated with this Home

  • Abigail Palanca

    Seller's Agent in 2020

    Abigail Palanca

    Serhant

    (718) 938-7308

    48 in this area

    112 Total Sales

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10636762

Real Estate Board of New York (REBNY)

APN: 01116-0168

New York Kings County Brooklyn 11215 Windsor Terrace

571 Prospect Ave, Brooklyn, NY

This home is located at 571 Prospect Ave, Brooklyn, NY 11215 since 08 June 2020 and is currently estimated at $2,413,956, approximately $804 per square foot. This property was built in 1960. 571 Prospect Ave is a home located in Kings County with nearby schools including P.S. 154 The Windsor Terrace School, Brooklyn Urban Garden Charter School, and St. Joseph the Worker Catholic Academy.

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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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