The Prospect Building

The Prospect Building is a condo located 823 Classon Avenue, in Crown Heights, Brooklyn. The building was first built in 1925 and is 101 years old. The lot that the building was built on is 65 feet wide and 100 feet long. The official lot area is listed as 6,500 square feet. The building itself is 65 feet wide and 100 feet long. In total, 823 Classon Avenue has a total floor area of 26,271 square feet. Of that, 20,281 square feet are used for residential purposes. About 5,990 square feet of the building are used for commercial purposes. Additionally, the building has a 1,836 square feet garage. There are a total of 37 units. Of those, 24 are residential units. There are 13 commercial units. 823 Classon Avenue has a total of 7 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. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 61 closings on record, of which we have matching data for 13 listings. In the past 3 years, a listing in this building will typically remain on the market for about 113 days Meaning, listings tend to sell at a median of $1,124 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Aug 20, 2020 for $1,449,000. This particular unit ultimately sold 181 days later for $1,305,000. The most recent transaction was for unit 5D, which was first advertised on Sep 20, 2021, sold for $1,330,000 on Dec 03, 2021. Fun fact, the oldest transaction we have on record took place on Oct 04, 1966. See the full transaction history for The Prospect Building below.

Crown Heights, where 823 Classon Avenue is located, has a median asking price of $739,000 for condo buildings. Meanwhile, the building itself has a median asking price of $887,000. For interested buyers, that means the building's median asking price is around 1.02% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit 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.