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701 Prospect Place 203Brooklyn, NY 11216

For Sale

$1,495,000

Smart Buyer Rebate $18,688

SPECIAL SPRING INCENTIVE: FOR CONTRACTS SIGNED BY JUNE 30, 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 two private outdoor terraces: a massive West facing terrace of 530 square feet plus an East facing terrace of 112 sq ft which invite a seamless indoor-outdoor lifestyle. Both bedrooms have floor to ceiling windows facing the eastern terrace. This stunning home features massive floor-to-ceiling windows that let in abundant eastern 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.

Listed by Donna L Strugatz

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Serhant

·

(917) 653-3643

Listed by Bradley Mohr

·

Serhant

Last updated May 29, 2026

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Source: REBNY #RLS20094235

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodCrown Heights
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu17
  • HOA/Maint. Fees$737/month
  • Size1,004 sqft
  • Price per sqft$1,489

Amenities

  • Dishwasher
  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

05/29/2026
Listed by Serhant
$1,495,000

Estimated Closing Costs

Total
$85,484
Attorney Fees
$4,000
NYC Mansion Tax
$14,950
Title Insurance
$6,728
Bank Attorney
$1,500
Mortgage Recording Tax
$23,023
Other Closing Costs
$4,000
NY State Transfer Tax
$5,980
NYC Transfer Tax
$21,303
Seller's Attorney Fee
$4,000

Estimated closing costs are based on the list price of $1,495,000 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 203

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $737.00 Monthly

Financial

  • Sponsor Unit: Yes

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 18
  • Stories Total: 7
  • Structure Type: High Rise
  • Entry Level: 2

Features

  • Building Features: Elevator(s)
  • Patio And Porch Features: Patio, Terrace, Balcony
  • View: City

Financial

Taxes

  • Parcel Number: 01225-0026

Interior

Features

  • Appliances: Dishwasher
  • Interior Features: High Ceilings

Measurements

  • Living Area: 1,004
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 4

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 are 2 bedrooms and 2 bathrooms in this condo at 701 Prospect Place 203.

How does 701 Prospect Place 203 compare to other condos in Crown Heights?

This condo is listed 44% above the average price for condos in Crown Heights and has been on the market for 131 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 1,004 sqft.

701 Prospect Place 203 is a 2-bedroom, 2-bath condo for sale in Brooklyn NY 11216. Available on Prevu for 17 days at $1,495,000. This residence features 1,004 square feet of living space, located in Crown Heights. The median listing price for condos in this area is $1,350,000. Additional amenities include private outdoor space and dishwasher. Browse more condo listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the 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. 2026 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.