1497 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 |
|---|---|---|---|
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Sold | ||
| Sold | |||
| May 17, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Listed by Compass Greater NY LLC | $599,999 | |
| Listed by Compass Greater NY LLC | |||
| |||
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Welcome to this bright and well-proportioned three-bedroom, one-bathroom condo located at 1497 Prospect Park Place, Unit 2, in the heart of Crown Heights, Brooklyn. This thoughtfully designed residence offers comfortable living with the added convenience of private storage and a laundry unit, making day-to-day life seamless and efficient.
The home is ideally situated near some of Brooklyn’s most celebrated destinations, including Prospect Park , the Brooklyn Museum, and the historic Weeksville Heritage Center , offering easy access to green space, culture, and history.
Transportation is highly accessible with nearby 3 and 4 subway lines, as well as multiple local bus routes including the B45, B65, and B15, providing convenient connections throughout Brooklyn and into Manhattan.
This Crown Heights condo delivers a rare combination of space, cultural proximity, and excellent transit access ideal for buyers seeking both neighborhood character and urban convenience.
Photos are Virtually Staged
| |||
| Feb 25, 2026 | Price Decreased |
$599,999
↓ $25K
(4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/18/2018
|
3 Bed
|
1 Bath
|
931 ft²
|
$630,000
3 Bed
1 Bath
931 ft²
|
$585,000
-7.14%
09/17/2018
|
Martine Gerard
Corcoran Group
| |
|
07/03/2013
|
3 Bed
|
1 Bath
|
1463 ft²
|
$355,000
3 Bed
1 Bath
1463 ft²
|
$350,000
-1.41%
10/21/2013
|
Gregory P. Ottey
Voro LLC
| |
|
07/03/2013
|
2 Bed
|
1 Bath
|
1119 ft²
|
$296,000
2 Bed
1 Bath
1119 ft²
|
$270,000
-8.78%
11/22/2013
|
Gregory P. Ottey
Voro LLC
|
Building Info
- 36 Units
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017