RealtyLens
for saleRealtyLens property overview
$580,000

406 Midwood St # A

Brooklyn, NY, 11225
View more Brooklyn, NY property pages
1Beds
1Baths
590Sqft
$983$/sqft

Listing Notes

NOW READY FOR IMMEDIATE OCCUPANCY. Introducing PHA at 406 Midwood Street - An absolutely perfect 1-bed, 1-bath penthouse with a private balcony in a stunning new development! Enter through the foyer into a bright and airy whitewashed space with high ceilings and wide-plank oak floors. The luminous living room has sliding wood and glass doors leading out to your private terrace. Back inside, the fully outfitted kitchen features stunning black cabinetry and matte black appliances, as well as polished Carrera white and gray marble backsplashes and white countertops. The bedroom is generously-sized and has a large closet, while the full bathroom features beautiful black & white Carrera marble walls and a glass-enclosed bathtub & rainfall shower. Central air, integrated LED lighting under cabinets and in-unit washer & dryer complete the standout features of this residence! Complete offering terms are in an offering plan available from the sponsor, file no. CD22-0197.For a limited time, get $16, 069 credit at closing which includes two years' worth of common charges and coverage of city and state transfer taxes. 406 Midwood is a striking new development in the heart of Prospect Lefferts Gardens, inspired by the Art Deco movement. The building offers 10 distinguished residences with most units offering private outdoor spaces, as well as a beautiful courtyard and roof deck. Perfectly situated in PLG, residents are just a few blocks away from Prospect Park as well as the 2/5/B/Q/S subway lines and several bus routes. Cherished local markets (including Flatbush Coop), independent cafes and restaurants dot the quiet residential streets. There are multiple parks, hospitals, public and private schools as well as houses of worship, with something for everyone in this vibrant neighborhood.

Market Insights

Near nearby median+4.6%

$983/sqft vs a nearby median of $940/sqft.

Nearby median$940/sqft
Nearby properties12
Property size590 sqft
  • +4.6% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 590 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$610k$557k$663k · 53% confidence
vs ask $580k−$30k (−5.2%)

Asking price is about 5.2% below the fair value — likely to draw competing offers if it's still on market.

$1,044/sqft median across 3 tight comps × 590 sqft= $616k
  • Days-on-market gravity−$18k −3.0%
  • Modern construction+$9k +1.5%
  • Transit access+$3k +0.5%
Cumulative NYC adjustments−$6k−1.0%

Property Read

FreshnessCurrent market data

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

Market Position+4.6% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

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

Diligence Read1 item 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
746 days
Last price change
No change recorded
Listed
Apr 26, 2024
Photos
13 photos
Property type
condos
Status
for sale

Features & Amenities

City ViewOutdoor SpaceDishwasherNew ConstructionViewWasher DryerTwo Or More StoriesHigh CeilingParkMedicalcare

Photos

Building Facts

Year built
2023
Stories
4
Total units
10
Residential units
10
Building area
8,545 sqft
Lot size
3,600 sqft
Land use
Multi-family walk-up buildings
Building class
R1

From NYC public records where available.

Price History

May 4, 2026Initial record
$580,000for sale

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.