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701 Prospect Place 101Brooklyn, NY 11216

For Sale

$495,000

Smart Buyer Rebate - Ask

  The Residences at Prospect Place. Elevated Boutique Living in the Heart of Brooklyn. 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. 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. 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. 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. 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. 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. All images are for illustrative purposes only. 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.  

Listed by Donna L Strugatz

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Serhant

·

(917) 653-3643

Listed by Christian V Haag

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Serhant

Last updated November 21, 2025

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Source: REBNY #RLS20061062

Listing Facts

  • TypeCondo
  • NeighborhoodCrown Heights
  • Bathrooms1
  • Days on Prevu20
  • HOA/Maint. Fees$260/month
  • Size429 sqft
  • Price per sqft$1,154

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

11/21/2025
Listed by Serhant
$495,000

Estimated Closing Costs

Total
$29,785
Attorney Fees
$4,000
Title Insurance
$2,228
Bank Attorney
$1,500
Mortgage Recording Tax
$7,127
Other Closing Costs
$4,000
NY State Transfer Tax
$1,980
NYC Transfer Tax
$4,950
Seller's Attorney Fee
$4,000

Estimated closing costs are based on the list price of $495,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 701 Prospect Place 101

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $260.00 Monthly

Financial

  • Sponsor Unit: Yes

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 18
  • Stories Total: 7
  • Structure Type: High Rise
  • Entry Level: 1

Features

  • Building Features: Elevator(s)
  • View: City

Financial

Taxes

  • Parcel Number: 01225-0026

Interior

Measurements

  • Living Area: 429
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 1

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Crown Heights
  • Tax Block: 01225
  • Tax Lot: 0026

Parking

Parking

  • Garage: Yes

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Laundry Features: Washer Hookup, In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is bedrooms and 1 bathroom in this condo at 701 Prospect Place 101.

How does 701 Prospect Place 101 compare to other condos in Crown Heights?

This condo is listed 52% below the average price for condos in Crown Heights and has been on the market for 128 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 429 sqft.

701 Prospect Place 101 is a -bedroom, 1-bath condo for sale in Brooklyn NY 11216. Available on Prevu for 20 days at $495,000. This home features 429 square feet of living space, located in Crown Heights. The median listing price for condos in this area is $1,350,000. Property amenities include private outdoor space. Browse more condo listings in Brooklyn.

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.