Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
701 PROSPECT Place #301

For Sale · Listing by Serhant

701 PROSPECT Place #301

Crown Heights, Brooklyn

$1,375,000

Interested in this property?
Active For Sale Condo

$1,375,000

$1,383 per sq ft

701 PROSPECT Place #301

Crown Heights, Brooklyn

The Residences At Prospect Place

MLS® #RLS20052234

RLS at REBNY

Listing by Serhant

2
Bedrooms
2
Baths
994
Sq. Ft.
2025
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 994 sq ft
Year Built 2025
Ownership Condo
HOA/Common Charges $628/mo
Property Taxes Contact for details
Parking Garage
Neighborhood Crown Heights
Floor 3 of 8

Property Highlights

  • Views: City
  • Outdoor Space: Terrace, Balcony
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 3 of 8
View City
Cooling Central Air
Pets Yes
Year Built 2025 (New)
Living Area 994 sq ft
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 01225-0026
Block/Lot 01225/0026

Listing History

Event Date Price Change
Listed Oct 1, 2025 $1,375,000 -
Currently Aug 3, 2026 $1,375,000 -

Description

SPECIAL SUMMER INCENTIVE: FOR CONTRACTS SIGNED BY JULY 31, 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 spacious 2-bedroom, 2-bathroom condo with a south facing balcony which invites a seamless indoor-outdoor lifestyle. This stunning home features massive floor-to-ceiling windows that let in abundant southern light in the open-plan living room, dining room, and kitchen, with 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 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. <scribe-shadow id"crxjs-ext" data-crx"okfkdaglfjjjfefdcppliegebpoegaii" style"position: fixed; width: 0px; height: 0px; top: 0px; left: 0px; z-index: 2147483647; overflow: visible; visibility: visible;"></scribe-shadow>

Features & Amenities

Interior Features

High Ceilings Building Other Washer Hookup In Unit

Exterior Features

Balcony Building Roof Deck Private Outdoor Space Over60 Sqft Terrace Balcony

Building Amenities

Bike Storage Elevators

Building Information

Financial Details

Common Charges $628/mo
RE Taxes Contact for details

Crown 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 Neighborhood

Active Listings

77

Median Asking Price

$1.29M

Median $/Sqft

$1,067

Avg Days on Market

N/A

New This Week

6

Price Reduced

21%

Sold (30 Days)

6

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 8/3/26, 5:15 AM EST

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Location

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701 PROSPECT Place #301, Crown Heights, Kings County

Building Information

Official NYC property records for this building

2024
Year Built
2 years old
6
Floors
18
Residential Units
R6A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $1,301,400
Land Value: $346,500
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 5,940 SF
Building Area: 21,720 SF
Built FAR: 3.66
Allowed FAR: 3

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

Frequently Asked Questions

Common questions about this property

The current listed common charges are $628 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 994 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2025, making it approximately 1 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,375,000 for 994 sq ft, the asking price per square foot is approximately $1,383. 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) 416-7433
MLS® ID: RLS20052234
First Listed: 10/1/2025
On Market: 10/1/2025
Price Changed: 10/1/2025
Contract Date: 10/1/2025

Listing Courtesy of Serhant - Donna L Strugatz

Listing Contact: (917) 653-3643

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/3/2026 at 9:15 AM UTC

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Crown Heights Market Update

6 sales last 30 days · $1.29M median · 12.8 months supply

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Quick Facts

Status Active Type Condo Neighborhood Crown Heights Borough Brooklyn
County Kings
Floor 3 of 8
Year Built 2025
First Listed 10/1/2025
Parking Garage
Living Area 994 sqft
Common Charges $628/mo

Monthly Costs Estimate

Down Payment 20%

$275,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $628
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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