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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
43 active listings · Median $1.7M
Calculating market narrative...
A condo-dominant submarket with strong rent growth, rising sale prices, and sale listings clearing quickly.
Median asking rent in Prospect Heights is $4,525/month, $65 below the 5-year high set in Feb 2026. Rents are up +13.1% year over year and +68.8% over the past 5 years. Median sale price stands at $1.66M, 35.4% below the 5-year high recorded in Jan 2025. Sale prices are up +3.4% year over year. Sale listings are clearing 11 days faster than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
Prospect Heights is a compact Brooklyn neighborhood anchored by the Brooklyn Public Library, Grand Army Plaza, Prospect Park, and the Brooklyn Museum. The real estate market features historic brownstones, pre-war cooperatives, and new developments like Pacific Park, with 2/3/B/Q/4 train service.
| Borough | Brooklyn |
| Zip Code | 11238 |
| Subway | Bus service |
| Building Types | Pre-war buildings, Co-ops, Townhouses/Brownstones |
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Prospect Heights
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Properties in Prospect Heights
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Brooklyn
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Prospect Heights buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
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The median sale price in Prospect Heights is $1.7M. Condos sit at a median of $1.8M and co-ops at $954K. Sale prices are up 3.4% year over year.
No. The median sale price in Prospect Heights is currently 35.4% below the 5-year high recorded in January 2025. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Prospect Heights have a median of 35 days on market. That is 11 days faster than the same point a year ago. Only 2.3% of active listings have a price cut on record, signaling tight pricing.
Prospect Heights is currently tilting toward sellers. Median days on market is 35 days and only 2.3% of active listings have a price cut on record, both indicating firm pricing power.
Prospect Heights offers both co-ops and condos. Condos are the higher-priced segment at a $1.8M median, with co-ops at $954K.
Roughly 6 homes change hands each month in Prospect Heights across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Prospect Heights is $4,525/month. Live RLS listings show studios at $3,300, 1-bedrooms at $4,575, 2-bedrooms at $6,500, 3+ bedrooms at $7,195 per month. Rents are up 13.1% year over year.
Median asking rent in Prospect Heights is currently $65 below the 5-year high set in February 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Prospect Heights has risen 68.8% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Prospect Heights, median sale prices range across Fort Greene at $1.8M, Park Slope at $1.5M, Gowanus at $1.0M, Clinton Hill at $900K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Prospect Heights is served by the Bus service. The commute to Midtown Manhattan runs roughly 83 minutes from Nearest bus stop.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Prospect Heights, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Prospect Heights, I will guide you every step of the way.
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