The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,500,000
1290 Prospect Ave
Brooklyn, NY, 11218
View more Brooklyn, NY property pages4Beds
2Baths
1,716Sqft
$874$/sqft
Comps
Listing Notes
Exceptional opportunity to own a two-family home at 1290 Prospect Avenue, offering both versatility and strong income potential. Each unit features 2 bedrooms and 1 full bathroom, making it ideal for both end-users and investors alike. What truly sets this property apart, and makes it incredibly rare for the area is the presence of two separate outdoor spaces, allowing each unit to enjoy its own private outdoor retreat. Whether for entertaining, relaxing, or adding functional living space, this is a standout feature that significantly enhances both lifestyle and rental appeal. Even more unique is the attached garage and parking for up to 3 cars, an almost unheard-of amenity on the block and in the surrounding neighborhood. Properties with this level of parking are extremely limited, making this a major value driver for both homeowners and tenants. Whether you're looking to live in one unit while generating substantial rental income from the other, or maximize the property's full investment potential, this home offers endless possibilities. With the right vision, there is significant upside to unlock. Property will be delivered vacant.
Market Insights
Below nearby median-6.2%
$874/sqft vs a nearby median of $932/sqft.
Nearby median$932/sqft
Nearby properties8
Property size1,716 sqft
- -6.2% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,716 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.70M$1.58M – $1.82M · 69% confidence
vs ask $1.50M−$203k (−13.5%)
Asking price is about 13.5% below the fair value — likely to draw competing offers if it's still on market.
$932/sqft median across 7 tight comps × 1,716 sqft= $1.60M
- Transit access+$64k +4.0%
- Pre-war character+$40k +2.5%
Cumulative NYC adjustments+$104k+6.5%
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.
Diligence Read2 items to check
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Listing Details
- Days on market
- 49 days
- Last price change
- No change recorded
- Listed
- Mar 24, 2026
- Photos
- 12 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Jun 12, 2001 · $190,000
Features & Amenities
Outdoor SpaceTwo Or More StoriesGarage 1 Or MoreRental Property
Photos
Building Facts
- Year built
- 1899
- Stories
- 2
- Total units
- 2
- Residential units
- 2
- Building area
- 1,716 sqft
- Lot size
- 1,827 sqft
- Land use
- One and two family buildings
- Building class
- B2
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,500,000for sale
Public Records
DOB violations0 open
0 total recorded against the building
HPD violations0 open
4 total recorded
ACRIS documents16
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)30,181
Top: illegal parking
Top complaint types in ZIP 11218
- Illegal Parking7,701
- HEAT/HOT WATER3,085
- Blocked Driveway1,953
- Noise - Residential1,755
- Street Condition861
Recent HPD
- Feb 17, 2026Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Feb 16, 2026Class C · § 27-2029 ADMIN. CODE: PROVIDE AN ADEQUATE SUPPLY OF HEAT FOR THE APARTMENT IN THE ENTIRE APARTMENT LOCATED AT APT 2, 2nd STORY, 1st APARTMENT FROM EAST AT SOUTH
- Feb 16, 2026Class C · § 27-2024 ADMIN. CODE: PROVIDE ADEQUATE SUPPLY OF COLD WATER FOR THE FIXTURES (NO VOLUME) IN THE ENTIRE APARTMENT LOCATED AT APT 2, 2nd STORY, 1st APARTMENT FROM EAST AT SOUTH
- Feb 16, 2026Class C · § 27-2024 ADMIN. CODE: PROVIDE ADEQUATE SUPPLY OF HOT WATER FOR THE FIXTURES (NO VOLUME) IN THE ENTIRE APARTMENT LOCATED AT APT 2, 2nd STORY, 1st APARTMENT FROM EAST AT SOUTH
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.