--- title: "701 PROSPECT Place #403, New York City, NY 11216" description: "701 PROSPECT Place #403, New York City, NY 11216 — Single Family Brownstone in Crown Heights, Brooklyn, NY. Last Sold Price $1,500,000. Sold on 9/30/2026. 2 bed, 2 bath, 1,004 sqft" url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11216/701-prospect-place-403-ny-11216" source: "Real Estate Rebate Team" dateModified: "2026-10-01T04:30:55.373Z" status: "Closed" --- # 701 PROSPECT Place #403, New York City, NY 11216 Single Family Brownstone in Crown Heights, Brooklyn, NY **Sponsor Residence** Courtesy of Serhant Last updated: October 1, 2026, 12:30 AM ## At a Glance - **Last Sold Price**: $1,500,000 - **Status**: Sold on 9/30/2026 - **Beds**: 2 - **Baths**: 2 - **Sqft**: 1,004 - **Common Charges**: $631 / mo - **Price per Sqft**: $1,494 - **Brokerage Fee**: Share Eligible This listing was successfully closed and is no longer active on the market. [Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) ## Photos (10) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e085c39f-a69f-4893-a528-4a738d4792bc.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/85216f21-0ffe-4515-8773-9d4ac0ed75da.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3401c8fd-43e1-4983-bd52-b67bf19b9c2f.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e91119f2-3b7a-4d82-abc8-6ccd0a487687.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e5ec6ba1-3c22-4b20-bfa3-cc3d3a161776.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0071ba48-bcab-40ac-aaf1-28a9c33aa907.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f8a8d86c-1876-4959-a854-0b1f5280f4c2.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/01abbec2-5817-479a-b1ca-3dcee14f7788.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2d3ae0d4-8cd7-4297-a695-c5e4b7fd0be1.jpg) ![701 PROSPECT Place #403, New York City, NY 11216 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/27640019-7100-4afa-9fdd-70ccfce9ca9e.jpg) ## Property Overview SPECIAL SPRING INCENTIVE: FOR CONTRACTS SIGNED BY JUNE 30, 2026 SPONSOR WILL PAY 2 YEARS OF COMMON CHARGES OPEN HOUSE IS BY APPOINTMENT ONLY, PLEASE CONTACT LISTING BROKER TO SCHEDULE The Residences at Prospect Place. Elevated Boutique Living in the Heart of Brooklyn. Introducing The Residences at Prospect Place, where private outdoor spaces in every unit, 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. Introducing this bespoke, brand new 2-bedroom, 2-bathroom condo with an eastern facing private terrace which invites a seamless indoor-outdoor lifestyle. This stunning home features massive floor-to-ceiling windows that let in abundant eastern light in the open-plan living room, dining room, and kitchen, while 7-inch oak floors imported from Spain and soaring 10-foot ceilings. This designer home blends a thoughtful, sun-flooded layout with a beautiful selection of luxurious, refined finishes. The chef's 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 primary suite features a walk-in closet and floor to ceiling eastern facing windows and a pristine en-suite bathroom with large-format Prissmacer porcelain tiles, a custom Lucena Bath double vanity, a mirrored medicine cabinet, Artos fittings, and a walk-in rainfall shower. The second bedroom has a reach-in closet, and the second bathroom has 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. 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. ## Property Details - **Property Type**: Condominium - **Beds**: 2 - **Baths**: 2 - **Rooms**: 5 - **Sqft**: 1,004 sqft - **Stories**: 8 - **Year Built**: 2025 - **Price per Sqft**: $1,494 - **Common Charges**: $631 / Monthly - **Listed On**: Jul 13, 2026 - **Days on Market**: 84 Days ### Residence Features - Central Air - Building Other - Washer Hookup - In Unit - Balcony - Building Roof Deck - Private Outdoor Space Over 60 Sqft - High Ceilings - Walk-In Closet(s) - Dishwasher - City - Skyline ## Estimated Monthly Payment **$8,216 / month**, assuming a 20% down payment ($300,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,585 - **Common Charges**: $631 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **Last sold price**: $1,500,000 - **Median sold price**: $1,457,036 - **Difference**: +$42,964 (+2.9%) - **Last sold, $/ft²**: $1,494 - **Median $/ft²**: $1,405 - **Comparable sales**: 54 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $1,352,500 – $1,525,000 Based on condo two-bedroom sales in Crown Heights. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Crown Heights instead. ### How these sales were negotiated - **Sale-to-list price**: 99.4% (44 sales) - **Sold below asking**: 55% (44 sales) - **Typical time to find a buyer**: 70 days (44 sales) - **Typical time to close**: 71 days (46 sales) Based on condo two-bedroom sales in Crown Heights 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 Crown Heights | Year | Median sold price | Sales | | --- | --- | --- | | 2018 | $975,623 | 14 | | 2020 | $1,333,512 | 22 | | 2021 | $1,040,000 | 31 | | 2022 | $1,200,000 | 27 | | 2023 | $1,120,000 | 21 | | 2024 | $1,165,000 | 11 | | 2025 | $1,395,000 | 23 | | 2026 YTD | $1,495,000 | 27 | Based on recorded condo and house two-bedroom sales in Crown Heights. 2026 is year-to-date. Sales data through August 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. ## Price and Property History for 701 PROSPECT Place, Unit 403 Review the recorded listing activity for 701 PROSPECT Place, Unit 403, including asking-price changes and prior market dates. - **Latest price change**: Increased by $50,000, or 3.4%, on September 30, 2026 - **Originally listed**: July 13, 2026 at $1,450,000 - **Last sold**: $1,500,000 on September 30, 2026 | Date | Price | Listing event | | --- | --- | --- | | September 30, 2026 | $1,500,000 | Sold | | September 30, 2026 | $1,500,000 | Asking price increased by $50,000, or 3.4% | | July 13, 2026 | $1,450,000 | Entered contract | | July 13, 2026 | $1,450,000 | Listed for sale by Serhant | ## Crown Heights Overview of Crown Heights [Explore Crown Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Crown Heights - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [East Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) ## Related Links - [Crown Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-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.