732 Prospect Place, New York City, NY 11216
Listing Courtesy of Compass
$2,050,000
Potential Rebate: $30,750
Overview
***Developers Dream*** Amazing Investment opportunity located in the Pro-Cro section of Brooklyn which borders Prospect Heights and Crown Heights! **Full Set up Available Upon Request**Fantastic opportunity to purchase a prime development site at 732 Prospect Place by removing the existing Frame property which will then allow you to construct an amazing 8,049 SF 8-Unit Condo with spacious two-and-three bedroom layouts. Zoned R6A with a maximum height of 70 feet. The lot is 21 wide by 127.75, a lot size of 2,683 square feet with a max of 8,049.732 Prospect Place sits on a tree-lined Rapidly Expanding residential block Bustling with other sold out condominium projects. Close to exceptional dining and transportation. Prospective Square Footage: Cellar Floor: 937 Square Feet First Through Fourth Floor: 1,741 Square Feet 2nd level of Penthouse: 506 Square Feet Total Square Footage: 8,404Prospective Units: 1A - 700 square foot two bedroom 1B - 925 square foot three bedroom 2A - 700 square foot two bedroom2B - 925 square foot three bedroom3A - 700 square foot two bedroom 3B - 925 square foot three bedroom 4A - 700 square foot two bedroom 4B - 1,400 square foot four bedroom penthouse Disclaimer: All images and Architectural Renderings are subject to copyright and may not be published or reproduced without permission. Architectural Renderings are representations of a proposed design and may not be current or could have changed.
Home Features
- •See Remarks
Estimated Monthly Payment
$10,519 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$30,750
Monthly savings impact
$85/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
744 Park Place #4B, New York City, NY 11216
Listing Courtesy of Compass
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS10954278
Price Analysis
Compare average listing prices and value metrics for 732 Prospect Place against the surrounding Crown Heights market.
Average List Price
Price Per SqFt
76.19% Lower
than the Crown Heights price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Crown Heights
Overview of Crown Heights
Crown Heights is a neighborhood of contrasts and energy. Combining the Caribbean heritage of the West Indian Day Parade with a booming young professional scene, it is one of Brooklyn's most dynamic areas. For buyers seeking Crown Heights Brooklyn real estate, it offers proximity to cultural institutions and spacious pre-war housing.
Living in Crown Heights is vibrant. Franklin Avenue is one of the trendiest dining strips in the borough, while Eastern Parkway offers a grand, tree-lined promenade designed for sunday strolls.
Real Estate & Housing Market
The market for homes for sale in Crown Heights is diverse. To the north, you find grand townhouses and limestone mansions. To the south, large pre-war elevator buildings offer co-ops and rentals.
It is a market that offers value compared to neighboring Prospect Heights, while sharing many of the same amenities.
Lifestyle & Community
The lifestyle in Crown Heights is eclectic. Residents drink cocktails at intricate speakeasies on Franklin Ave, buy spices at Caribbean markets on Nostrand, and visit the Brooklyn Children's Museum.
The community is a unique blend of Afro-Caribbean families, the Chabad-Lubavitch Jewish community, and new residents.
Transportation & Accessibility
Crown Heights has distinct transit advantages. The 2/3/4/5 express trains on Eastern Parkway whisk commuters to Wall Street in 20 minutes.
The A/C trains serve the northern section, providing excellent coverage.
Parks, Schools & Amenities
Brower Park is a local favorite, and the neighborhood borders the Brooklyn Botanic Garden. The Weeksville Heritage Center provides deep historical context to the area.
Amenities are rich: varied dining, proximity to the Brooklyn Museum, and strong community centers.
Who This Neighborhood Is Best For
Crown Heights is best for diversity seekers, commuters (the express trains are unbeatable), and buyers wanting spacious pre-war apartments near Prospect Park.
