Prospect Contemporary

Prospect Contemporary is a condo located 357 Prospect Place, in Prospect Heights, Brooklyn. The building was first built in 2014 and is 12 years old. It was first renovated and altered in 2013. The lot that the building was built on is 25 feet wide and 153 feet long. The official lot area is listed as 3,638 square feet. The building itself is 25 feet wide and 55 feet long. In total, 357 Prospect Place has a total floor area of 7,733 square feet. Of that, 7,634 square feet are used for residential purposes. About 99 square feet of the building are used for commercial purposes. There are a total of 11 units. Of those, 7 are residential units. There are 4 commercial units. 357 Prospect Place has a total of 4 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 16 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 268 days Meaning, listings tend to sell at a median of $1,120 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Jul 07, 2015 for $825,000. This particular unit ultimately sold 353 days later for $745,000. The most recent transaction was for unit 5A, which was first advertised on Apr 19, 2022, sold for $1,775,000 on Jun 23, 2022. Fun fact, the oldest transaction we have on record took place on Aug 15, 1967. See the full transaction history for Prospect Contemporary below.

Prospect Heights, where 357 Prospect Place is located, has a median asking price of $1,575,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,037,500. For interested buyers, that means the building's median asking price is around 0.34% 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.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $2,245,000. It is a 1,430 sqft 3-bedroom and 2-bathroom unit.