$850,000
Updated 7 years ago
Sold

1327 Prospect Place

Crown Heights, Brooklyn | Utica Ave & Schenectady Ave

8 Rooms6 Beds3 Baths2,580 Square FeetMulti-Family

$850,000
floors / apts2 / 2
Lot Size20'x127'
Built Size20'x43'
ZoneR6
Building TypeTownhouse
RE Taxes$3,192
Price Per SF
$329

This property was sold for $850,000 on 03/28/19.

Listing Features

  • Gas Heat

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 1327 Prospect Place

Located in Crown Heights section of Brooklyn is this stunning brick townhouse that offers any investor an attractive opportunity to improve upon this 20 x 127ft lot. With the available buildable of around 5580 sq ft., one can do something similar to the eight family building next door that will allow for a very handsome monthly cash flow, and great return on investment. There is a possibility that building can be delivered vacant. The two tenants are month to month, and have been made aware that the building is being placed up for sale. This building may not qualify for traditional financing, so in that regard, seller will only entertain all cash offers to purchase with proof of funds.

Listing History for 1327 Prospect Place

Now
03/28/2019
$850,000
Sold and Closed by Sean Henry
Compass
02/16/2019
Contract Signed by Sean Henry
Compass

Building Details for 1327 Prospect Place

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
Year Built1899
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Crown Hts-Utica Av
0.32 miles
Utica Av
0.42 miles

Citi Bike

Schenectady Ave & Prospect Pl
0.07 miles
Park Pl & Utica Ave
0.1 miles

Contact Agent

Contact Agent

Sean Henry
Compass

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 29895TH