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$1,395,000 Sale Pending
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Property Description
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 massive north facing terrace of 372 square feet which invites a seamless indoor-outdoor lifestyle. Both bedrooms have floor to ceiling windows facing the terrace and there are two access doors to the terrace, including a door from the primary bedroom. 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.
Full Property Details
Full Property Details for 701 Prospect Pl #201
General
- Price: $1,395,000
- HOA FEE: $677/month
- Status: Pending
- Type: Apartment
- Source: REBNY
- MLS ID: RLS20060059
- Updated: 11/15/2025
- Added to Site: 64 day(s) ago
Interior
- Number of Rooms: 5
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Building Other, Washer Hookup, In Unit
Exterior
- Exterior Features: Private Outdoor Space Over 60 Sqft
- Porch/Patio/Deck: Terrace
Parking
- Garage: Yes
Location
- County: Kings
- Subdivision: Crown Heights
Community
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Structural Information
- Structure Type: High Rise
- Basement Desc.: Other
- Stories/Levels: 7
- Square Feet: 994
- Living Area: 994 Sq. Ft.
- Other Struct. Feat.: Elevator(s)
Lot Features
- Property View: City
- Zoning: null
Financial Considerations
- Association Fee: $677
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 01225-0026
- Block: 1225
- Lot Number: 26
Listing Courtesy of Serhant
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Schools
Schools serving 701 Prospect Pl #201
School District:New York City Geographic School District 17
| Name | Grades | Distance |
|---|---|---|
Ps 138 760 Prospect Place, Brooklyn, NY 11216 | PK-8 | 0.1 mi |
The School Of Integrated Learning 1224 Park Place, Brooklyn, NY 11213 | 6-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 Prospect Pl #201
Date
Details
Price
Change
Source
11/13/2025
Listed
$1,395,000
-65.56%
MLS
4/04/2024
Sold
$4,050,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 701 Prospect Pl #201
Year
Property Taxes
Change
Tax Assessment
Change
2025
$42,020
738%
$336,157
401%
2024
$5,017
35%
$67,050
8%
2023
$3,705
48%
$62,100
13%
2022
$2,509
-14%
$54,900
15%
2021
$2,911
170%
$47,700
764%
2020
$1,077
6%
$5,520
15%
2019
$1,016
-87%
$4,800
-94%
2017
$7,939
—
$85,500
11%
2017
$7,939
10%
$76,950
-34%
2016
$7,204
28%
$117,450
68%
2015
$5,610
37%
$69,750
3%
2014
$4,099
6%
$67,500
47%
2013
$3,873
—
$45,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 701 Prospect Pl #201
701 Prospect Place #201, Brooklyn, NY 11216 (MLS# RLS20060059) is a Apartment property with 2 bedrooms and 2 full bathrooms. 701 Prospect Place #201 is currently listed for $1,395,000 and was received on November 13, 2025. Want to learn more about 701 Prospect Place #201? Do you have questions about finding other Apartment real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

