$11,000,000 $14,250,000
Updated 6 years ago
Off Market

678-682 Prospect Place

Crown Heights, Brooklyn | Bedford Ave & Franklin Ave

22,680 Square FeetIncome Property

$11,000,000 $14,250,000
floors / apts4 / 24
Lot Size65'x131'
Built Size65'x98'
Building TypeLow-Rise
Price Per SF
$485

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Laundry Room
  • Roof Deck

Property Description for 678-682 Prospect Place

***OPEN HOUSE BY APPOINTMENT ONLY***

Welcome to 678-682 Prospect Place in Crown Heights, Brooklyn. These three adjacent buildings contain 24 free-market rentals. All the units are one-bedroom apartments.

Each of the residences has outdoor space, backyard, roof cabana, or balcony. All of the units feature hardwood flooring, stainless steel appliances, washer and dryer, and common roof deck access.

With 65 feet of frontage, this property offers large unit layouts with plenty of light and air, the buildings comprised of approximately 25,641 Gross SF. The subject property will be delivered fully occupied.

The buildings are conveniently located six blocks from the 2,3,4,5 on Eastern Parkway. Please reach out for full set up.

Listing History for 678-682 Prospect Place

Now
08/13/2020
$11,000,000 [-$3,250,000] [22.8%]
Price Drop by Jessica Peters
Douglas Elliman
08/13/2020
TOM by Jessica Peters
Douglas Elliman

Building Details for 678-682 Prospect Place

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2009
Floors/Apts4/24
Learn More About the Building

Transit and Citi Bike

Subway

Park Pl
0.17 miles
Franklin Av-Medgar Evers College
0.33 miles
Botanic Garden
0.38 miles
Nostrand Av
0.38 miles
Franklin Av
0.43 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.42 miles

Citi Bike

Park Pl & Franklin Ave
0.11 miles
Sterling Pl & Bedford Ave
0.13 miles

Contact Agent

Contact Agent

Jessica Peters
Douglas Elliman

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: 49612TH