338 Prospect Place #1F, New York City, NY 11238
Listing Courtesy of Compass
$425,000
Potential Rebate: $6,375
Overview
Welcome to Unit 1F at 338 Prospect Place—a smartly designed studio condo that combines comfort, functionality, and a prime Brooklyn location. Tucked into the vibrant and tree-lined streets of Prospect Heights, this ground-floor home offers a peaceful retreat with all the perks of city living.
Step inside to find a thoughtfully laid-out two-room studio that makes the most of its space. Whether you're curling up with a book, hosting friends, or working from home, the layout supports your lifestyle without the clutter. There is even walk-in closet. The separate kitchen features a gas stove and oven—perfect for whipping up your favorite meals—while the full bathroom offers modern convenience in a streamlined design.
This midrise building blends privacy with community living, offering a range of amenities that elevate daily life. Enjoy your morning coffee in the serene common courtyard or unwind with skyline views from the shared roof deck. A full-time doorman provides peace of mind and a welcoming presence, while the voice intercom system adds another layer of security.
Practical features include in-unit laundry, access to a building-wide laundry room, and a dedicated bike storage area—everything you need for effortless urban living.
Just steps from Prospect Park, the Brooklyn Museum, local cafes, and multiple train lines, Unit 1F is your opportunity to own a piece of one of Brooklyn’s most sought-after neighborhoods. Whether you're a first-time buyer, an investor, or looking for the perfect pied-à-terre, this charming studio is a must-see.
Come home to Prospect Heights—where culture, convenience, and comfort meet.
Home Features
- •Wall Unit(s)
- •Common On Floor
- •Common Area
- •Laundry Room
Estimated Monthly Payment
$2,785 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$6,375
Monthly savings impact
$18/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20032870
Price Analysis
Compare average listing prices and value metrics for 338 Prospect Place against the surrounding Prospect Heights market.
Average List Price
Price Per SqFt
15.67% Lower
than the Prospect Heights price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Prospect Heights
Overview of Prospect Heights
Prospect Heights is the cool, cultural cousin of Park Slope. Smaller, diverse, and anchored by Brooklyn's biggest cultural heavyweights (The Museum, The Library, The Garden), it has rapidly become a top destination. For buyers seeking Prospect Heights Brooklyn real estate, it offers brownstone charm with a slightly more relaxed, younger energy.
Living in Prospect Heights is convenient. Vanderbilt Avenue has become a premier dining street (often closed to cars for "Open Streets"). As a central Brooklyn NYC neighborhood, it is steps from everything that matters in the borough.
Real Estate & Housing Market
The market for homes for sale in Prospect Heights is a mix of stunning brownstones and pre-war co-ops. The blocks are generally quieter and sometimes wider than Park Slope.
New luxury condos, particularly the massive Pacific Park development (near Barclays), are adding modern inventory to the historic stock.
Lifestyle & Community
The lifestyle in Prospect Heights is culturally rich. You can spend a Saturday at the Brooklyn Museum, walk through the Botanic Garden, and have dinner at Olmsted. It feels intelligent and fun.
The community is a blend of long-time Caribbean residents and newer professionals. It has a strong, welcoming identity.
Transportation & Accessibility
Prospect Heights is excellent for transit. You have the 2/3 at Grand Army Plaza, the B/Q at 7th Ave, and the C nearby. Atlantic Terminal is a short walk.
It is centrally located, making it easy to get to both Manhattan and the beaches.
Parks, Schools & Amenities
Prospect Park and Grand Army Plaza form the neighborhood's southern border. The Saturdays Farmer's Market at Grand Army Plaza is one of the best in the city.
Amenities are world-class: The Brooklyn Museum, Brooklyn Botanic Garden, and Brooklyn Public Library (Central Branch) are all right here.
Who This Neighborhood Is Best For
Prospect Heights is best for culture vultures, foodies, and buyers who want the Park Slope perks but prefer a slightly smaller, more low-key neighborhood.
