701 PROSPECT Place #101, New York City, NY 11216
Listing Courtesy of Serhant
$495,000
Potential Rebate: $7,425
Overview
<p> </p> <p>The Residences at Prospect Place.</p> <p>Elevated Boutique Living in the Heart of Brooklyn.</p> <p>Introducing The Residences at Prospect Place, with soaring ceilings, floor to ceiling picture windows, designer finishes, and garage parking create bespoke homes designed for a truly luxurious lifestyle.</p> <p>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.</p> <p>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.</p> <p>Residence 101 is a bespoke, brand new spacious studio featuring 3 large windows that let in eastern light, 7-inch oak floors imported from Spain, soaring ceilings of almost 10 feet, and a beautiful selection of luxurious, refined finishes.</p> <p>The 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.</p> <p>The pristine full bathroom is wrapped in large-format Prissmacer porcelain tiles, and features a custom Lucena Bath vanity, a mirrored medicine cabinet, Artos fittings, and a deep Duravit soaking tub with shower.</p> <p>Central heating and cooling and an LG washer and dryer tower are also included.</p> <p>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.</p> <p>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.</p> <p>All images are for illustrative purposes only.</p> <p>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.</p> <p> </p>
Home Features
- •Central Air
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Under 60 Sqft
- •City
Estimated Monthly Payment
$2,706 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,425
Monthly savings impact
$21/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).
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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 Serhant
Data Source: TRESTLE #RLS20061062
Price Analysis
Compare average listing prices and value metrics for 701 PROSPECT Place against the surrounding Crown Heights market.
Average List Price
Price Per SqFt
27.21% Higher
than the Crown Heights price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Crown Heights.
Crown Heights
Overview of Crown Heights
Crown Heights is a neighborhood of contrasts and energy. Combining the Caribbean heritage of the West Indian Day Parade with a booming young professional scene, it is one of Brooklyn's most dynamic areas. For buyers seeking Crown Heights Brooklyn real estate, it offers proximity to cultural institutions and spacious pre-war housing.
Living in Crown Heights is vibrant. Franklin Avenue is one of the trendiest dining strips in the borough, while Eastern Parkway offers a grand, tree-lined promenade designed for sunday strolls.
Real Estate & Housing Market
The market for homes for sale in Crown Heights is diverse. To the north, you find grand townhouses and limestone mansions. To the south, large pre-war elevator buildings offer co-ops and rentals.
It is a market that offers value compared to neighboring Prospect Heights, while sharing many of the same amenities.
Lifestyle & Community
The lifestyle in Crown Heights is eclectic. Residents drink cocktails at intricate speakeasies on Franklin Ave, buy spices at Caribbean markets on Nostrand, and visit the Brooklyn Children's Museum.
The community is a unique blend of Afro-Caribbean families, the Chabad-Lubavitch Jewish community, and new residents.
Transportation & Accessibility
Crown Heights has distinct transit advantages. The 2/3/4/5 express trains on Eastern Parkway whisk commuters to Wall Street in 20 minutes.
The A/C trains serve the northern section, providing excellent coverage.
Parks, Schools & Amenities
Brower Park is a local favorite, and the neighborhood borders the Brooklyn Botanic Garden. The Weeksville Heritage Center provides deep historical context to the area.
Amenities are rich: varied dining, proximity to the Brooklyn Museum, and strong community centers.
Who This Neighborhood Is Best For
Crown Heights is best for diversity seekers, commuters (the express trains are unbeatable), and buyers wanting spacious pre-war apartments near Prospect Park.
