481 Prospect Place

481 Prospect Place is a condo located 481 Prospect Place, in Prospect Heights, Brooklyn. The building was first built in 2005 and is 19 years old. The lot that the building was built on is 30 feet wide and 129 feet long. The official lot area is listed as 3,855 square feet. The building itself is 30 feet wide and 65 feet long. In total, 481 Prospect Place has a total floor area of 7,230 square feet. Of that, 7,230 square feet are used for residential purposes. There are a total of 8 units. Of those, 8 are residential units. There are no commercial units in this building. 481 Prospect Place has a total of 5 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. For your convenience, laundry is located in the building. Alternatively, take a stroll around the building's courtyard and garden. Both dogs and cats are allowed in the building! There are 22 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 50 days The transaction that took the longest to complete was unit 4A, listed on Mar 26, 2020 for $1,080,000. This particular unit ultimately sold 50 days later for $1,080,000. The most recent transaction was for unit 4A, which was first advertised on Mar 26, 2020, sold for $1,080,000 on May 15, 2020. Fun fact, the oldest transaction we have on record took place on Nov 10, 1966. See the full transaction history for 481 Prospect Place below.

Prospect Heights, where 481 Prospect Place is located, has a median asking price of $1,600,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,080,000. For interested buyers, that means the building's median asking price is around 0.33% 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.