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503 Park Place

503 Park Place, Brooklyn, NY 11238
Property in Prospect Heights
4 Units
The home was built in 1931 and is 93 years old. The linear feet between the front and back of the lot was measured at 131 ft and the front of the lot was measured at 20 ft. This is a 4 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The total value of the property was assessed at $457,650. Specifically, the land the property is located on was valued at $116,550. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1931
  • Building Count: 1
  • Floor Count: 4
  • Total Unit Count: 4
  • Residential Unit Count: 4
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 2,620
  • Lot Size Depth Feet: 131
  • Lot Size Frontage Feet: 20
  • Building Depth: 70
  • Building Frontage: 20
  • Gross Building Area: 4,860

    Building Floor Area

  • Residential Building Floor Area: 4,860

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: C3
  • Lot Type: 5
  • Land Use: 02
  • Irregular Lot Code: N
  • Extension Code: N

Neighborhood

  • Community District: 308
  • City Council District: 35
  • Police Precinct: 77
  • Fire Company: E219
  • Health Area: 2710
  • Sanitation District Borough: 3
  • Sanitation Subsection: 1A
  • School District: 17

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6B

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 1162
  • Lot: 68
  • Borough Block Lot: 3011620068

    Address

  • Full Address: 503 Park Place
  • Zip Code: 11238

Valuation

    Assessments Valuation

  • Assessed Total Value: $457,650
  • Assessed Land Value: $116,550

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

About Northwestern Brooklyn



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Frequently Asked Questions

What neighborhood is 503 Park Place located in?
The 503 Park Place is a located in the neighborhood of Prospect Heights in Northwestern Brooklyn, Brooklyn.
What is the average sales price for listings in 503 Park Place?
The average sales price for units in 503 Park Place is $0 currently.

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