For Sale · Listing by Corcoran Group
914 PROSPECT Place
Crown Heights, Brooklyn
$3,750,000
914 PROSPECT Place
MLS® #RLS20124234
Listing by Corcoran Group
- 16
- Bedrooms
- 8
- Baths
- 9,000
- Sq. Ft.
- 1905
- Year Built
Quick Summary
Property Highlights
- Views: Other
- Fireplace: 1 fireplace
- Character: Pre-war building (1905)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Nov 4, 2026 | $3,750,000 | - |
| Currently | Nov 5, 2026 | $3,750,000 | - |
Description
Inquire for setup sheet and interior photos. Prime Crown Heights investment opportunity offering an eight-unit multi-family building with six free-market apartments. Spacious 2 bedroom layouts exceeding 1,000 SF and a private backyard, situated on a quiet residential block by Prospect Park and the Brooklyn Botanical Garden. 914 Prospect Pl. Overview: Annual Income: $207,951 (super occupies 1 free-market unit) Annual Operating Expenses: $43,738 Net Operating Income (NOI): $164,214 Cap Rate: 4.38% Total Units: 8 residential Unit Mix: 6 free-market / 2 rent-stabilized Building Size: 9,000 SF (max buildable 12,441 SF) Building Dimensions: 25' x 98' Lot Dimensions: 25' x 127.5' With 75% free-market apartments, the property offers an attractive opportunity for investors seeking long-term income growth. Situated in Crown Heights, the property benefits from proximity to Prospect Park, the Brooklyn Botanical Gardens, Brooklyn Museum, and the neighborhood's vibrant restaurants, cafés, and shopping. An opportunity to acquire a substantial multi-family asset with strong long-term investment potential. 914-916 Prospect Place are 2 separate buildings with a shared basement and utilities, must be sold as combined multi-parcel sale. Combined asking price: $7,500,000.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Crown Heights
View All Crown Heights ListingsCrown Heights is a dynamic and architecturally rich neighborhood in central Brooklyn. Famous for its grand boulevards and impressive collection of pre-war apartment buildings and brownstones, the area offers a sense of scale and history. Residents enjoy proximity to the Brooklyn Museum, the Botanic Garden, and a active restaurant scene along Franklin and Nostrand Avenues, making it a popular choice for those seeking space and culture.
Crown Heights Live Market Data
View NeighborhoodActive Listings
79
Median Asking Price
$1.30M
Median $/Sqft
$1,082
Avg Days on Market
N/A
New This Week
5
Price Reduced
32%
Sold (30 Days)
13
Median Sale Price
$1.44M
Live data from RLS at REBNY • Updated 11/5/26, 4:41 AM EST
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Location
914 PROSPECT Place, Crown Heights, Kings County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $7,668, or roughly $639 per month. Verify the current assessment with your attorney before closing.
This property has 16 bedrooms and 8 full bathrooms.
The listed interior living area is 9,000 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1905, making it approximately 121 years old.
This listing is None
Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.
At the current list price of $3,750,000 for 9,000 sq ft, the asking price per square foot is approximately $417. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Corcoran Group - Amar Jehs
Listing Contact: (347) 415-8722
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 11/5/2026 at 9:41 AM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 914 PROSPECT Place
At $3,750,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Crown Heights Market Update
13 sales last 30 days · $1.30M median · 6.1 months supply
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Quick Facts
Monthly Costs Estimate
$750,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$56,250
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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