1497 Prospect Place

1497 Prospect Place is a condo located in Weeksville, Brooklyn. The building was first built in 2007 and is 17 years old. It was first renovated and altered in 2009. The lot that the building was built on is 234 feet wide and 98 feet long. The official lot area is listed as 59,532 square feet. The building itself is 234 feet wide and 52 feet long. In total, 1497 Prospect Place has a total floor area of 36,900 square feet. Of that, 36,900 square feet are used for residential purposes. There are a total of 36 units. Of those, 36 are residential units. There are no commercial units in this building. 1497 Prospect Place has a total of 3 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Alternatively, take a stroll around the building's garden. Both dogs and cats are allowed in the building! There are 59 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 119 days and tend to sell below the original asking price of $590,000 by 20.63%. Meaning, listings tend to sell at a median of $628 price per square foot. The transaction that took the longest to complete was unit 2, listed on Apr 18, 2018 for $630,000. This particular unit ultimately sold 151 days later for $500,000. The most recent transaction was for unit 2, sold for $575,000 on Mar 21, 2022. Fun fact, the oldest transaction we have on record took place on Apr 19, 2013. See the full transaction history for 1497 Prospect Place below.

Weeksville, where 1497 Prospect Place is located, has a median asking price of $647,000 for condo buildings. Meanwhile, the building itself has a median asking price of $590,000. For interested buyers, that means the building's median asking price is around 0.09% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.