RealtyLens
for saleRealtyLens property overview
$1,995,000

701 Prospect Pl Unit 602

Brooklyn, NY, 11216
View more Brooklyn, NY property pages
3Beds
2Baths
1,326Sqft
$1505$/sqft

Listing Notes

SPECIAL EARLY SPRING INCENTIVE: FOR CONTRACTS SIGNED BY APRIL 30, 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 top floor bespoke, brand new spacious 3-bedroom, 2-bathroom condo with an enormous eastern facing 776 sq ft private terrace with spectacular skyline views which invites the best in a seamless indoor-outdoor lifestyle. This stunning home features massive floor-to-ceiling windows that let in abundant eastern light in the open-plan living room/dining room which face the terrace with sliding doors, 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 massive 776-square-foot eastern-facing private terrace with access from both the living room and the primary bedroom provides the ideal setting for both relaxation and entertainment with sweeping panoramic views of the skyline. Whether lounging, dining al fresco, or taking in the view, the terrace serves as an extension of the living space. Inside, the open-concept layout is all bathed in generous light that enhances the warmth of the space. 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. All three bedrooms feature floor to ceiling eastern facing windows and face the terrace. The king-size primary suite leads out to the terrace and features a walk-in closet and a pristine en-suite bathroom with large-format Prissmacer porcelain tiles, a custom Lucena Bath double vanity, a mirrored medicine cabinet, Artos fittings, and a walk-in rainfall shower. The second and third bedrooms have reach-in closets, and the second bathroom has 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. Some furniture is virtually staged. 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

Above nearby median+48%

$1505/sqft vs a nearby median of $1017/sqft.

Nearby median$1017/sqft
Nearby properties12
Property size1,326 sqft
  • +48% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,326 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.36M$1.23M$1.48M · 50% confidence
vs ask $2.00M+$639k (+32.0%)

Asking price is about 32.0% above where comps + adjustments land — there is room to negotiate.

$1,017/sqft median across 8 tight comps × 1,326 sqft= $1.35M
  • Transit access+$34k +2.5%
  • Open DOB violations−$13k −1.0%
  • Virtually staged−$13k −1.0%
Cumulative NYC adjustments+$7k+0.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+48% vs nearby

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 MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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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
41 days
Last price change
No change recorded
Listed
Apr 1, 2026
Photos
9 photos
Property type
townhomes
Status
for sale

Features & Amenities

Two Or More StoriesModern KitchenOpen KitchenHigh CeilingPrivate ParkingOpen HouseFurnitureEnsuiteViewsChefs KitchenOpen Concept LivingOpen Concept Floor PlanOpen ConceptWalk In ClosetOpen PlanDenSoaking TubShopping

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

May 4, 2026Initial record
$1,995,000for 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)32,021

Top: heat/hot water

Top complaint types in ZIP 11216

  • HEAT/HOT WATER3,947
  • Noise - Residential2,989
  • Illegal Parking2,387
  • UNSANITARY CONDITION1,651
  • Noise - Street/Sidewalk1,423

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.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.