---
title: "338 Prospect Place #1B, New York City, NY 11238"
description: "338 Prospect Place #1B, New York City, NY 11238 — Prospect Heights, New York City, NY. Listing Price $799,000. Price Reduced: Reduced $76,000 (8.7%) from $875,000 on September 30, 2026. 2 bed, 1 bath, 605 sqft Illustrative Buyer Commission Share of $11,985 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-1b-ny-11238"
source: "Real Estate Rebate Team"
dateModified: "2026-10-02T16:34:03.282Z"
status: "Active"
---

# 338 Prospect Place #1B, New York City, NY 11238

Prospect Heights, New York City, NY

Courtesy of Compass

Last updated: October 2, 2026, 12:34 PM

## At a Glance

- **Listing Price**: $799,000
- **Price Reduced**: Reduced $76,000 (8.7%) from $875,000 on September 30, 2026
- **Beds**: 2
- **Baths**: 1
- **Sqft**: 605
- **Common Charges**: $621 / mo
- **Monthly Taxes**: $381 / mo
- **Price per Sqft**: $1,321
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $799,000
- **Illustrative Buyer Commission Share**: -$11,985*
- **Illustrative Net Cost**: $787,015

*Illustrative Buyer Savings of $11,985 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (7)

![338 Prospect Place #1B, New York City, NY 11238 — photo 1 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/66cb7a94-d7aa-4f58-ada5-a67eddd7e0d7.jpg)
![338 Prospect Place #1B, New York City, NY 11238 — photo 2 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/61ba817e-de27-450e-8990-48231446351d.jpg)
![338 Prospect Place #1B, New York City, NY 11238 — photo 3 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1e2d1e7f-1cc0-461f-84cc-4bc1beb420c1.jpg)
![338 Prospect Place #1B, New York City, NY 11238 — photo 4 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0b59d223-5669-4cf6-8801-98dc220856e9.jpg)
![338 Prospect Place #1B, New York City, NY 11238 — photo 5 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cdc423f5-db1d-487b-be8f-6a658aa1d362.jpg)
![338 Prospect Place #1B, New York City, NY 11238 — photo 6 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03236227-1027-423d-96fa-d28054790c8a.png)
![338 Prospect Place #1B, New York City, NY 11238 — photo 7 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/df99f6c8-17ff-477b-b80e-22014e2aa3e1.png)

## Property Overview

*** Showings By Appointment Only***

This is the Prospect Heights find you’ve been waiting for. Tucked away on a quintessential tree-lined block, this beautifully renovated two-bedroom condo strikes that rare balance between classic Brooklyn soul and sleek, modern functionality.

The heart of the home is an expansive, open-concept living and dining area that feels airy and effortless. It flows directly into a windowed kitchen that’s been thoughtfully updated for anyone who actually loves to cook. Both bedrooms are generous in scale, soaked in natural light, and offer plenty of closet space to keep life organized. With original hardwood floors underfoot and a pristine, windowed bathroom, the space feels polished yet incredibly welcoming.

Life here comes with some serious perks. The building offers the convenience of a doorman, a beautifully landscaped courtyard for a breath of fresh air, plus on-site laundry and bike storage.

The location is truly unbeatable. You’re just moments from the lush greenery of Prospect Park and the incredible energy of the local dining and boutique scene. Iconic landmarks like the Brooklyn Museum and the Brooklyn Public Library are right in your orbit, and with multiple subway lines nearby, the rest of the city is within easy reach.

It’s not just an apartment; it’s a front-row seat to the very best of Prospect Heights.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 1
- **Rooms**: 4
- **Sqft**: 605 sqft
- **Stories**: 5
- **Year Built**: 1931
- **Price per Sqft**: $1,321
- **Common Charges**: $621 / Monthly
- **Monthly Taxes**: $381 / mo
- **Listed On**: Sep 14, 2026
- **Days on Market**: 22 Days

### Residence Features

- Wall Unit(s)
- Common On Floor
- Common Area
- Laundry Room
- Building Courtyard
- Building Roof Deck
- Recessed Lighting
- Dishwasher
- Hardwood

## Estimated Monthly Payment

**$5,042 / month**, assuming a 20% down payment ($159,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $4,040
- **Property Taxes**: $381
- **Common Charges**: $621

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

11 apartments at 338 Prospect Place have recorded sales since October 2021, the most recent for $785,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [5D](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-d-5D-ny-11238) (Apartment) | 1 | 600 | $785,000 | $1,308/ft² | September 15, 2026 | MLS |
| [2H](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-h-2H-ny-11238) (Apartment) | 1 | — | $615,000 | — | August 28, 2026 | MLS |
| 3J (Apartment) | 2 | — | $950,000 | — | February 4, 2025 | City record · MLS |
| 1C (Apartment) | 2 | — | $965,000 | — | October 17, 2024 | City record · MLS |
| 5J (Apartment) | 2 | — | $1,101,500 | — | May 23, 2024 | City record · MLS |
| 3-D (Apartment) | 1 | — | $705,000 | — | June 16, 2023 | City record · MLS |
| 1-D (Duplex) | 2 | 1,129 | $1,075,000 | $952/ft² | March 25, 2022 | City record · MLS |
| 3-E (Apartment) | 2 | 880 | $933,500 | $1,061/ft² | January 18, 2022 | City record · MLS |
| 1H (Apartment) | — | 443 | $515,000 | $1,163/ft² | January 12, 2022 | City record |
| 1C (Apartment) | 2 | 819 | $975,000 | $1,190/ft² | December 17, 2021 | City record · MLS |
| 2F (Apartment) | 2 | 749 | $975,000 | $1,302/ft² | November 15, 2021 | City record |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $799,000
- **Median sold price**: $975,000
- **Difference**: -$176,000 (-18.1%)
- **This home, $/ft²**: $1,321
- **Comparable sales**: 7
- **Sales from**: November 2021 – February 2025
- **Middle half of those sales**: $957,500 – $1,025,000

Based on two-bedroom sales at 338 Prospect Place.

Square footage is recorded for only 4 of these 7 sales (57%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

### How these sales were negotiated

- **Sale-to-list price**: 100% (4 sales)
- **Sold below asking**: 25% (4 sales)
- **Typical time to find a buyer**: 28 days (6 sales)
- **Typical time to close**: 75 days (6 sales)

Based on two-bedroom sales at 338 Prospect Place with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median sale price, condo and house two-bedroom sales in Prospect Heights

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $1,516,174 | 21 |
| 2018 | $1,577,500 | 41 |
| 2019 | $1,708,912 | 29 |
| 2020 | $1,502,350 | 12 |
| 2021 | $1,605,000 | 23 |
| 2022 | $1,660,000 | 21 |
| 2023 | $1,710,000 | 14 |
| 2025 | $1,743,750 | 16 |

Based on recorded condo and house two-bedroom sales in Prospect Heights.

Sales data through September 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 338 Prospect Place](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/338-prospect-place)

## Price and Property History for 338 Prospect Place, Unit 1B

Review the recorded listing activity for 338 Prospect Place, Unit 1B, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $76,000, or 8.7%, on September 30, 2026
- **Originally listed**: July 8, 2026 at $875,000
- **Current asking price**: $799,000

| Date | Price | Listing event |
| --- | --- | --- |
| September 30, 2026 | $799,000 | Asking price reduced by $76,000, or 8.7% |
| July 8, 2026 | $875,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 338 Prospect Place #1B were $5,049 in 2026, up 7.3% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $46,340 | $1,406 | $44,934 | $40,389 | $5,049 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $44,653 | $1,406 | $43,247 | $37,647 | $4,706 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $47,665 | $1,406 | $46,259 | $36,599 | $4,575 | 12.5% |
| 2023 (FY 2023/24) | $38,754 | $1,406 | $37,348 | $33,742 | $4,218 | 12.502% |
| 2022 (FY 2022/23) | $37,474 | $1,406 | $36,068 | $33,366 | $4,093 | 12.267% |
| 2021 (FY 2021/22) | $30,275 | $1,406 | $28,869 | $30,275 | $3,704 | 12.235% |
| 2020 | The City did not publish assessment data for this year. | — | — | — | — | — |
| 2019 | The City did not publish assessment data for this year. | — | — | — | — | — |
| 2018 (FY 2018/19) | $34,967 | $1,406 | $33,561 | $29,655 | $3,740 | 12.612% |
| 2017 (FY 2017/18) | $34,143 | $1,406 | $32,737 | $27,185 | $3,458 | 12.719% |
| 2016 (FY 2016/17) | $29,500 | $1,406 | $28,094 | $24,593 | $3,171 | 12.892% |
| 2015 (FY 2015/16) | $26,638 | $1,406 | $25,232 | $21,482 | $2,768 | 12.883% |
| 2014 (FY 2014/15) | $24,789 | $1,406 | $23,383 | $18,941 | $2,435 | 12.855% |
| 2013 (FY 2013/14) | $22,620 | $1,406 | $21,214 | $16,581 | $2,180 | 13.145% |
| 2012 (FY 2012/13) | $20,902 | $1,406 | $19,496 | $14,749 | $1,944 | 13.181% |
| 2011 (FY 2011/12) | $13,935 | $1,406 | $12,529 | $12,804 | $1,720 | 13.433% |
| 2010 (FY 2010/11) | $13,935 | $1,408 | $12,527 | $12,863 | $1,718 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 3011601003. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 338 Prospect Place

Prospect Heights · Condominium

338 Prospect Place, Brooklyn, NY 11238

A building in Prospect Heights, currently featuring 2 active listings.

- **Year Built**: 1931
- **Active Units**: 2
- **Floors**: 5

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/338-prospect-place)

### Available Residences — For Sale (2)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [1B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-1b-ny-11238) | 2 | 1 | 605 sqft | $1,321 | $799,000 (-8.7%) | Compass | Sep 14, 2026 | 21 days |
| [1A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-1a-ny-11238) | Studio | 1 | 382 sqft | $1,034 | $395,000 | Compass | Sep 21, 2026 | 14 days |

### Recently Sold (1)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5D](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-d-5D-ny-11238) | 1 | 1 | 600 sqft | $1,308 | $785,000 | Corcoran Group | May 26, 2026 | Sep 15, 2026 |

## Prospect Heights

Overview of Prospect Heights

[Explore Prospect Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Prospect Heights

- [Park Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope)
- [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill)
- [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene)
- [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill)
- [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park)
- [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus)

## Related Links

- [338 Prospect Place — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/338-prospect-place)
- [Prospect Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.