1477 Prospect Place #2
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2025 | Sold | ||
| Sold | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Jun 30, 2025 | Price Decreased |
$649,999
↓ $49K
(7%) | |
| Price Decreased | |||
| Apr 1, 2025 | Listed by Compass | $699,000 | |
| Listed by Compass | |||
| |||
|
Welcome to 1477 Prospect Avenue, Unit 2 — a fully renovated, 931 sq ft smart home designed for modern luxury living. This stunning 3-bedroom, 1-bath residence features expansive bedrooms flooded with incredible natural light and custom-built closets in each room. Enjoy unbeatable value with a 25-year tax abatement in place until 2040, keeping current taxes at an astonishingly low $23 per month
Every corner of this home has been meticulously crafted to be completely move-in ready, leaving nothing overlooked.The sleek new flooring and high-end finishes create a seamless, sophisticated aesthetic throughout.
The chef’s kitchen, outfitted with a gas stove, gleaming stainless steel appliances, and ample custom cabinetry for both function and style. Every detail was thoughtfully chosen to create a space that is as beautiful as it is practical — perfect for everything from casual dinners to elegant entertaining.
Included with the unit is a custom-built, deeded storage space featuring a washer, dryer, full sink, water lines, a workbench, and custom shelving — an exceptional and rare amenity that’s spans over an additional 100 plus more square footage.
With thoughtful design and luxury upgrades at every turn, 1477 Prospect Avenue Unit 2 offers a lifestyle of true convenience and elevated comfort. This is the one you've been waiting for. Coming to the open market soon!
| |||
| Mar 21, 2022 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2025
|
3 Bed
|
1 Bath
|
931 ft²
|
$699,000
3 Bed
1 Bath
931 ft²
|
$665,000
-4.86%
09/17/2025
|
Jack Leguelaff
Compass
| |
|
06/22/2016
|
3 Bed
|
1 Bath
|
1300 ft²
|
-
3 Bed
1 Bath
1300 ft²
|
$550,000
02/05/2021
|
Yolanda Baez
Halstead Brooklyn LLC
| |
|
08/13/2013
|
3 Bed
|
1 Bath
|
1371 ft²
|
$355,000
3 Bed
1 Bath
1371 ft²
|
$334,000
-5.92%
10/18/2013
|
Gregory P. Ottey
Voro LLC
| |
|
08/13/2013
|
3 Bed
|
1 Bath
|
1057 ft²
|
$319,000
3 Bed
1 Bath
1057 ft²
|
$318,000
-0.31%
10/16/2013
|
Gregory P. Ottey
Voro LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017