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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
30 active listings · Median $999K
Calculating market narrative...
A condo-dominant submarket with moderate rent growth, sale values below the 5-year high, and sale listings clearing quickly.
Median asking rent in Prospect Heights is $4,500/month, $75 below the 5-year high set in Feb 2026. Rents are up +1.1% year over year and +50.0% over the past 5 years. Median sale price stands at $999K, 61.2% below the 5-year high recorded in Jan 2025. Sale prices are down -24.6% year over year. Sale listings are clearing 8 days slower 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 Jun 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.
In my 25+ years selling real estate across New York City, I use this Prospect Heights data in real negotiations, not just for a web page.
| 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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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 49 |
| Pending Sales | -- |
| New This Week | -- |
| New This Month | -- |
| Avg DOM | 36 days |
| Price Cut Rate | 16.3% |
| Recent Sales | |
| Sold Last 30 Days | -- |
| Sold Last 90 Days | -- |
| Sale-to-List | 100.0% |
| Asking Prices | |
| Median Asking | $999,400 |
| Average Asking | $1,524,933 |
| Median $/SqFt | $1,362 |
| Median Condo | $2,425,000 |
| Median Co-op | $875,000 |
Based on active listings in Prospect Heights
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 2 | $992,500 | $335K - $1.65M |
| 1 Bedroom | 12 | $699,500 | $500K - $1.70M |
| 2 Bedrooms | 10 | $1,617,500 | $875K - $1.85M |
| 3+ Bedrooms | 6 | $3,000,000 | $2.45M - $4.17M |
View active listings by size:
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 is refreshed every 15 minutes per REBNY IDX requirements.
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 $999K. Condos sit at a median of $2.4M and co-ops at $875K. Sale prices are down 24.6% year over year.
No. The median sale price in Prospect Heights is currently 61.2% 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 36 days on market. That is 8 days slower than the same point a year ago. Roughly 16.3% of active listings have recorded a price cut, suggesting some negotiating room.
Prospect Heights is broadly balanced right now, with median days on market at 36 days and 16.3% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Prospect Heights offers both co-ops and condos. Condos are the higher-priced segment at a $2.4M median, with co-ops at $875K.
Roughly 14 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 $4,500/month. Live RLS listings show 1-bedrooms at $4,211, 2-bedrooms at $6,300 per month. Rents are up 1.1% year over year.
Median asking rent in Prospect Heights is currently $75 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 50.0% 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 Park Slope at $2.2M, Fort Greene at $2.0M, Clinton Hill at $930K, Gowanus at $535K. 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 Real Estate 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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