559 Prospect Place
Crown Heights, Brooklyn
Parcel ID (BBL): 3011560080
Owner: Alma Realty
Debt: April 23, 2026, $83 million
Built: 1930
Renovated: 2004
SF: 172,800
Dwelling units: 159
No. of buildings: 1
Class: Converted (D5)
Floors: 12
Legacy BBLs: 3011560001
Transactions:
• Alma Realty borrowed $83 million from Zions Bancorporation for 545 Prospect Place, 500 St Marks Avenue, 713 Classon Avenue, 565 Prospect Place, and 480 St Marks Avenue, Crown Heights, Brooklyn on April 23, 2026.
• Alma Realty borrowed $37.6 million from New York Community Bank for 545 Prospect Place, Crown Heights, Brooklyn on March 11, 2020.
Development:
• Efstathios Valiotis filed alteration job B07997226 for 6 sqft building with 150 apartments in Crown Heights, Brooklyn, on September 22, 2022.
• Austin Barth filed alteration job B00511096 for 1 sqft building with 150 apartments in Crown Heights, Brooklyn, on August 27, 2021.
• Valiotis Efstathios filed alteration job 321969161 for RES building with 150 apartments in Crown Heights, Brooklyn, on June 20, 2019.
• Efstathios Valiotis filed alteration job B00085616 for building with 159 apartments in Crown Heights, Brooklyn, on January 23, 2019.
• Simranpal Singh filed alteration job B00085979 for building with 159 apartments in Crown Heights, Brooklyn, on October 18, 2018.
Violations:
According to city public data, the properties have received $1,310 in ECB penalties and $3,310 in OATH penalties in the last year.