--- title: "338 Prospect Place #5D, New York City, NY 11238" description: "338 Prospect Place #5D, New York City, NY 11238 — Prospect Heights, New York City, NY. Listing Price $749,000. In contract 7/28/2026. 1 bed, 1 bath, 600 sqft Illustrative Buyer Commission Share of $11,235 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-d-5D-ny-11238" source: "Real Estate Rebate Team" status: "Pending" --- # 338 Prospect Place #5D, New York City, NY 11238 Prospect Heights, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $749,000 - **Status**: In contract 7/28/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 1 - **Baths**: 1 - **Sqft**: 600 - **Common Charges**: $1,176 / mo - **Monthly Taxes**: $572 / mo - **Price per Sqft**: $1,248 - **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**: $749,000 - **Illustrative Buyer Commission Share**: -$11,235* - **Illustrative Net Cost**: $737,765 *Illustrative Buyer Savings of $11,235 — 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 (10) ![338 Prospect Place #5D, New York City, NY 11238 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/01e6015c-77f4-46aa-9d00-237b1dbfd003.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ad8d2b27-d1a5-4827-8291-62aea50ffad0.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6005dddc-7b6a-44c5-9bcf-b88a9d4b7ea7.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d7ab58da-a8ee-462a-98ff-fe45c4267406.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0fb094ae-f940-4874-8cd3-e7e950dd01c1.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2b9b1119-abd9-4bda-a6a5-3a4b408ebd28.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/361954f4-9b99-4fd8-b03a-fe34abde9391.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/226b4589-dbd8-46ef-987b-e101b2fd4bda.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ef7fbadb-61bc-4ac3-804e-ecb98ee12b7f.jpg) ![338 Prospect Place #5D, New York City, NY 11238 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/150e2ae7-9462-4158-ade6-8c7049e7cfd8.jpg) ## Property Overview Welcome to your urban oasis at 338 Prospect Place, Unit 5D, in one of Brooklyn’s most vibrant neighborhoods. With its high ceilings and natural light, this apartment is a true gem in Prospect Heights! Situated in a classic pre-war low-rise building that exudes charm and character, this cozy yet spacious unit is located on the fifth floor, and has an internal staircase that leads to an enormous private roof deck. The outdoor space is 750 sq ft, and is equipped with electricity and water, so you can create a lovely retreat from the hustle and bustle of the city. Inside, you'll find a living space that provides a versatile area for relaxing or entertaining, and a generously-sized bedroom with a walk- in closet. The Rivera Court Condominium is a 50-unit, pet-friendly, full-service building with a doorman, laundry facilities, and bike storage in the basement. The location is unbeatable: just one block from the bustling shopping, dining, and nightlife on Vanderbilt and Washington Avenues, a short stroll to Prospect Park, the Brooklyn Botanic Garden, the Brooklyn Museum, and the Brooklyn Public Library. You'll also have easy access to the 2,3,B,Q subway lines. This is your opportunity to own a beautiful home in one of Brooklyn's most desirable neighborhoods! ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 2 - **Sqft**: 600 sqft - **Stories**: 5 - **Year Built**: 1931 - **Price per Sqft**: $1,248 - **Common Charges**: $1,176 / Monthly - **Monthly Taxes**: $572 / mo - **Listed On**: May 26, 2026 - **Days on Market**: 110 Days ### Residence Features - Common On Floor - Common Area - Building Courtyard - Building Roof Deck - Private Outdoor Space Over 60 Sqft - Walk-In Closet(s) - City ## Sales Evidence ### Recent closed sales 10 apartments at 338 Prospect Place have recorded sales since September 2021, the most recent for $615,000 in August 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | [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 The median closed price for comparable condo one-bedroom sales in Prospect Heights is $992,000, based on 18 sales between October 2024 and July 2026. This home is asking $749,000, $243,000 below that median. The middle half of those sales closed between $957,500 and $1,475,000. - **Median closed price**: $992,000 - **Middle half**: $957,500 – $1,475,000 - **Based on**: 18 condo one-bedroom sales in Prospect Heights - **Period**: October 2024 – July 2026 - **Median $/ft²**: $1,500/ft² Across the 11 of these sales with a published asking price, the median closed at 100% of what it originally asked. 46% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Prospect Heights instead. ### How these sales were negotiated - **Sold vs original ask**: 100% of the original ask - **Closed below ask**: 46% of 11 sales - **Listed → in contract**: 64 days (about 9 weeks) - **In contract → closed**: 68 days (about 10 weeks) Across the 11 of these sales with a published asking price, the median closed at 100% of what it originally asked. 46% of them closed below the original ask. Half of these homes were in contract within 64 days (about 9 weeks) of coming to market, based on the 13 with a recorded listing date. Once a deal was agreed, closing took a further 68 days (about 10 weeks), based on the 13 with both dates recorded. 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. Based on 18 condo one-bedroom sales in Prospect Heights, October 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house one-bedroom sales in Prospect Heights, 2017 to 2023. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $903,500 | 104 | | 2018 | $940,000 | 15 | | 2021 | $852,500 | 16 | | 2022 | $970,000 | 16 | | 2023 | $982,000 | 11 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Prospect Heights instead. 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 5D Review the recorded listing activity for 338 Prospect Place, Unit 5D, including asking-price changes and prior market dates. - **Entered contract**: July 28, 2026 | Date | Price | Listing event | | --- | --- | --- | | July 28, 2026 | $749,000 | Entered contract | | May 26, 2026 | $749,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 338 Prospect Place #5D were $7,404 in 2026, up 7.3% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $67,959 | $2,062 | $65,897 | $59,233 | $7,404 | 12.5% (estimated) | | 2025 (FY 2025/26) | $65,485 | $2,062 | $63,423 | $55,212 | $6,902 | 12.5% (estimated) | | 2024 (FY 2024/25) | $69,901 | $2,062 | $67,839 | $53,673 | $6,709 | 12.5% | | 2023 (FY 2023/24) | $56,834 | $2,062 | $54,772 | $49,483 | $6,186 | 12.502% | | 2022 (FY 2022/23) | $54,955 | $2,062 | $52,893 | $48,932 | $0 after $6,026 abatement | 12.267% | | 2021 (FY 2021/22) | $44,398 | $2,062 | $42,336 | $44,398 | $0 after $5,959 abatement | 12.235% | | 2020 (FY 2020/21) | $52,096 | $2,062 | $50,034 | $48,624 | $5,965 | 12.267% | | 2019 (FY 2019/20) | $48,953 | $2,062 | $46,891 | $46,017 | $5,740 | 12.473% | | 2018 (FY 2018/19) | $51,281 | $2,062 | $49,219 | $43,495 | $5,486 | 12.612% | | 2017 (FY 2017/18) | $50,071 | $2,062 | $48,009 | $39,875 | $5,072 | 12.719% | | 2016 (FY 2016/17) | $43,262 | $2,062 | $41,200 | $36,068 | $4,650 | 12.892% | | 2015 (FY 2015/16) | $39,065 | $2,061 | $37,004 | $31,501 | $4,058 | 12.883% | | 2014 (FY 2014/15) | $36,353 | $2,062 | $34,291 | $27,775 | $3,570 | 12.855% | | 2013 (FY 2013/14) | $33,173 | $2,062 | $31,111 | $24,318 | $2,901 | 13.145% | | 2012 (FY 2012/13) | $30,653 | $2,062 | $28,591 | $21,632 | $2,553 | 13.181% | | 2011 (FY 2011/12) | $20,435 | $2,061 | $18,374 | $18,779 | $2,219 | 13.433% | | 2010 (FY 2010/11) | $20,435 | $2,064 | $18,371 | $18,863 | $2,240 | 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. Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner. Figures are the New York City Department of Finance assessment roll for tax lot 3011601045. 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 1 active listing. - **Year Built**: 1931 - **Total Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/338-prospect-place) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5D](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/338-prospect-place-d-5D-ny-11238) | 1 | 1 | 600 sqft | $1,248 | $749,000 — In contract | Corcoran Group | May 26, 2026 | 109 days | ## Estimated Monthly Payment **$5,535 / month**, assuming a 20% down payment ($149,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,787 - **Property Taxes**: $572 - **Common Charges**: $1,176 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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.