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701 Prospect Place 301Brooklyn, NY 11216

For Sale

$1,375,000

Smart Buyer Rebate $17,188

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 a south facing balcony which invites a seamless indoor-outdoor lifestyle. This stunning home features massive floor-to-ceiling windows that let in abundant southern 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

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(917) 653-3643

Listed by Christian V Haag

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Serhant

Last updated October 01, 2025

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Source: REBNY #RLS20052234

Listing Facts

  • TypeCondo
  • NeighborhoodCrown Heights
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu21
  • HOA/Maint. Fees$628/month
  • Size994 sqft
  • Price per sqft$1,383

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

10/01/2025
Listed by Serhant
$1,375,000

Estimated Closing Costs

Total
$79,706
Attorney Fees
$4,000
NYC Mansion Tax
$13,750
Title Insurance
$6,188
Bank Attorney
$1,500
Mortgage Recording Tax
$21,175
Other Closing Costs
$4,000
NY State Transfer Tax
$5,500
NYC Transfer Tax
$19,593
Seller's Attorney Fee
$4,000

Estimated closing costs are based on the list price of $1,375,000 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 301

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $628.00 Monthly

Financial

  • Sponsor Unit: Yes

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 18
  • Stories Total: 7
  • Structure Type: High Rise
  • Entry Level: 3

Features

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

Interior

Measurements

  • Living Area: 994
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 5

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

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.