RealtyLens
for saleRealtyLens property overview
$495,000

701 Prospect Pl Unit 101

Brooklyn, NY, 11216
View more Brooklyn, NY property pages
StudioBeds
1Baths
429Sqft
$1154$/sqft

Listing Notes

SPECIAL END OF WINTER INCENTIVE: FOR CONTRACTS SIGNED BY MARCH 31, 2026, SPONSOR WILL PAY 2 YEARS OF COMMON CHARGES The Residences at Prospect Place. Elevated Boutique Living in the Heart of Brooklyn. Introducing The Residences at Prospect Place, with 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. Residence 101 is a bespoke, brand new spacious studio featuring 3 large windows that let in eastern light, 7-inch oak floors imported from Spain, soaring ceilings of almost 10 feet, and a beautiful selection of luxurious, refined finishes. The 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 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. All images are for illustrative purposes only. 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+18%

$1154/sqft vs a nearby median of $975/sqft.

Nearby median$975/sqft
Nearby properties12
Property size429 sqft
  • +18% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 429 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$403k$367k$439k · 50% confidence
vs ask $495k+$92k (+18.6%)

Asking price is about 18.6% above where comps + adjustments land — there is room to negotiate.

$975/sqft median across 10 tight comps × 429 sqft= $418k
  • Days-on-market gravity−$13k −3.0%
  • Transit access+$10k +2.5%
  • AI-generated marketing photos−$8k −2.0%
  • Open DOB violations−$4k −1.0%
Cumulative NYC adjustments−$15k−3.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+18% 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 Read2 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
172 days
Last price change
No change recorded
Listed
Nov 21, 2025
Photos
7 photos
Property type
townhomes
Status
for sale

Features & Amenities

Two Or More StoriesGarage 1 Or MoreModern KitchenOpen KitchenHigh CeilingPrivate ParkingViewsDenSoaking 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
$495,000for 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.

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.