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for saleRealtyLens property overview
$1,795,000
701 Prospect Pl Unit 503
Brooklyn, NY, 11216
View more Brooklyn, NY property pages2Beds
2Baths
1,249Sqft
$1437$/sqft
Market Insights
Above nearby median+24%
$1437/sqft vs a nearby median of $1158/sqft.
Nearby median$1158/sqft
Nearby properties8
Property size1,249 sqft
- +24% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,249 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.45M$1.32M – $1.58M · 50% confidence
vs ask $1.79M+$349k (+19.4%)
Asking price is about 19.4% above where comps + adjustments land — there is room to negotiate.
$1,158/sqft median across 6 tight comps × 1,249 sqft= $1.45M
- Days-on-market gravity−$43k −3.0%
- Transit access+$36k +2.5%
- Modern construction+$22k +1.5%
- Open DOB violations−$14k −1.0%
Cumulative NYC adjustments+$0+0.0%
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
- 186 days
- Last price change
- No change recorded
- Listed
- Nov 7, 2025
- Photos
- 11 photos
- Property type
- townhomes
- Status
- for sale
Photos
Building Facts
- Year built
- 2024
- 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
May 4, 2026Initial record
$1,795,000for sale
Public Records
DOB violations154 open
172 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents18
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)31,983
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.