The listing facts are current enough for an initial property review.
701 Prospect Pl Unit 404
Listing Notes
SPECIAL EARLY SPRING INCENTIVE: FOR CONTRACTS SIGNED BY MAY 31, 2026, SPONSOR WILL PAY 2 YEARS OF COMMON CHARGES OPEN HOUSE IS BY APPOINTMENT ONLY, PLEASE CONTACT LISTING BROKER TO SCHEDULE The Residences at Prospect Place. Elevated Boutique Living in the Heart of Brooklyn. Introducing The Residences at Prospect Place, where private outdoor spaces in every unit, soaring ceilings, floor to ceiling picture windows, designer finishes, and garage parking create bespoke homes designed for a truly luxurious lifestyle. Life at 701 Prospect Place puts you in the epicenter of it all. Situated a block away from Franklin Avenue which offers an array of Michelin Rated Restaurants, gourmet take out, and chic cocktail bars and local shops. Ideally located blocks from Brooklyn's cultural hub with the Brooklyn Botanic Garden, The Brooklyn Museum, Brooklyn Children's Museum, Prospect Park and the historic and vibrant brownstone Brooklyn neighborhood where Prospect Place calls home. Introducing this bespoke, brand new 1-bedroom plus home office, 1-bathroom condo with two private outdoor spaces: an eastern facing private balcony and a large western facing terrace which invites a seamless indoor-outdoor lifestyle. Massive floor-to-ceiling windows let in abundant light in a welcoming foyer and a sunflooded home office framed by an oversized coat closet and a large, western-facing terrace This stunning home features massive floor-to-ceiling windows that let in abundant eastern and western light and an open-plan living room, dining room, and kitchen, with 7-inch oak floors imported from Spain and soaring 10-foot ceilings. This designer home blends a thoughtful, sun-flooded layout with a beautiful selection of luxurious, refined finishes. The chef's open kitchen boasts spacious honed Bria Elephantino quartz countertops, custom walnut-veneered Cucine cabinetry, an elegant Hansgrohe faucet, a Faber Inca oven hood, and a suite of high-end appliances including a Bosch dishwasher, Bertazzoni cooktop and oven, and a Fisher & Paykel refrigerator. The bedroom features a walk-in closet and floor to ceiling eastern facing windows. The pristine full bathroom is wrapped in large-format Prissmacer porcelain tiles, and features a custom Lucena Bath vanity, a mirrored medicine cabinet, Artos fittings, and a deep Duravit soaking tub with shower. Central heating and cooling and an LG washer and dryer tower are also included. The Residences at Prospect Place is Crown Heights' newest boutique condominium. The Residences at Prospect Place has a common rooftop terrace with spectacular views for alfresco meals, entertaining, sun lounging, and more. Private garage parking spaces and two private rooftop cabanas are also available for purchase. Moments from Atlantic Avenue, Prospect Heights, and Barclays Center, the neighborhood offers an unparalleled blend of energy and charm. Convenient access to the A, C, 2, 3, 4, and 5 subway lines ensures a seamless connection to the rest of the city. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD24-0334 PROSPECT PLACE BROOKLYN LLC, 533 FLATBUSH AVENUE, SUITE 313, BROOKLYN, NY 11225.
Market Insights
$1407/sqft vs a nearby median of $1250/sqft.
- +13% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 835 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 14.3% above where comps + adjustments land — there is room to negotiate.
- Days-on-market gravity−$31k −3.0%
- Transit access+$26k +2.5%
- AI-generated marketing photos−$21k −2.0%
- Open DOB violations−$10k −1.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 223 days
- Last price change
- No change recorded
- Listed
- Oct 1, 2025
- Photos
- 9 photos
- Property type
- townhomes
- Status
- for sale
Features & Amenities
Photos
Building Facts
- Year built
- 1950
- Stories
- 6
- Total units
- 18
- Residential units
- 18
- Building area
- 21,720 sqft
- Lot size
- 5,940 sqft
- Land use
- Multi-family elevator buildings
- Building class
- D1
From NYC public records where available.
Price History
Public Records
172 total recorded against the building
0 total recorded
Tax-lot deed, mortgage, and transfer records on file
Top: heat/hot water
Top complaint types in ZIP 11216
- HEAT/HOT WATER3,947
- Noise - Residential2,989
- Illegal Parking2,387
- UNSANITARY CONDITION1,649
- Noise - Street/Sidewalk1,418
Recent DOB
- Nov 16, 2016V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
- Feb 24, 2016V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
- Jul 30, 2014V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
- Jul 23, 2014V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
Recent Transfers (ACRIS)
- Aug 8, 2024DEED
- Apr 18, 2024DEED$4,050,000
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.