1487 PROSPECT PL #1
About This Property
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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 25, 2025 | Listed | $575,000 | |
| Listed | |||
| | |||
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Spacious 2-Bedroom Condo with 421a tax abatement expiring 2036 Welcome to 1487 Prospect Place #1, a bright and spacious ground-floor 2-bedroom, 1-bathroom condo located in the heart of Weeksville, Brooklyn. This thoughtfully designed home offers the perfect blend of comfort, functionality, and indoor-outdoor living. Enter to find an airy open-concept living and kitchen area, ideal for entertaining or relaxing at home. There's plenty of space for your full-sized living room set and a dining table. The well-appointed kitchen flows seamlessly into the living area, making it the true heart of the home. Both bedrooms are generously sized and easily accommodate queen-sized beds with room to spare. Ample closet space throughout the unit ensures you'll never be short on storage. A major highlight of this home is the large, private storage room that also houses your in-unit washer and dryer-a rare and convenient feature in Brooklyn living. Enjoy access to a huge shared backyard, perfect for barbecues, gardening, or simply soaking up the sun. Located on the ground floor of a well-maintained building, this condo combines the ease of access with privacy and space. Close to local cafes, transportation, and parks, you'll love calling this vibrant and historic neighborhood home.
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| Jun 22, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2019 | Sold | ||
| Sold | |||
| Dec 14, 2018 | Sold | ||
| Sold | |||
| Aug 17, 2016 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/12/2016
|
2 Bed
|
1 Bath
|
-
|
$399,000
2 Bed
1 Bath
|
-
-
|
Shaniqua C Carter
Halstead Brooklyn LLC
| |
|
02/04/2016
|
3 Bed
|
1 Bath
|
931 ft²
|
$475,000
3 Bed
1 Bath
931 ft²
|
$475,000
02/05/2021
|
Shaniqua C Carter
Halstead Brooklyn LLC
| |
|
03/20/2014
|
2 Bed
|
1 Bath
|
1119 ft²
|
$296,000
2 Bed
1 Bath
1119 ft²
|
$296,000
05/22/2014
|
Gregory P. Ottey
Voro LLC
| |
|
08/29/2013
|
3 Bed
|
1 Bath
|
1057 ft²
|
$319,000
3 Bed
1 Bath
1057 ft²
|
$299,000
-6.27%
10/16/2013
|
Gregory P. Ottey
Voro LLC
| |
|
07/17/2013
|
3 Bed
|
1 Bath
|
1463 ft²
|
$355,000
3 Bed
1 Bath
1463 ft²
|
$340,000
-4.23%
11/13/2013
|
Gregory P. Ottey
Voro LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017