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for saleRealtyLens property overview
$1,525,000
397 Prospect Ave
Brooklyn, NY, 11215
View more Brooklyn, NY property pages3Beds
3Baths
1,534Sqft
$994$/sqft
Market Insights
Below nearby median-37%
$994/sqft vs a nearby median of $1565/sqft.
Nearby median$1565/sqft
Nearby properties8
Property size1,534 sqft
- -37% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,534 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.51M$2.29M – $2.73M · 53% confidence
vs ask $1.52M−$987k (−64.7%)
Asking price is about 64.7% below the fair value — likely to draw competing offers if it's still on market.
$1,646/sqft median across 4 tight comps × 1,534 sqft= $2.52M
- Days-on-market gravity−$76k −3.0%
- Pre-war character+$63k +2.5%
- Transit access+$13k +0.5%
- Visible condition issues−$13k −0.5%
Cumulative NYC adjustments−$13k−0.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 372 days
- Last price change
- No change recorded
- Listed
- May 5, 2025
- Photos
- 16 photos
- Property type
- multi family
- Status
- for sale
Photos
Building Facts
- Year built
- 1901
- Stories
- 2
- Total units
- 2
- Residential units
- 2
- Building area
- 1,534 sqft
- Lot size
- 1,250 sqft
- Land use
- One and two family buildings
- Building class
- B9
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,525,000for sale
Public Records
DOB violations0 open
0 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents32
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)29,787
Top: illegal parking
Top complaint types in ZIP 11215
- Illegal Parking6,054
- HEAT/HOT WATER2,144
- Street Condition1,124
- Noise - Residential942
- Snow or Ice941
Recent Transfers (ACRIS)
- Jun 16, 2025DEED$1,450,000
- Jun 7, 2021DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.