$3,150,000 $3,500,000
Updated 2 years ago
Off Market

388 Prospect Ave

Park Slope, Brooklyn | 7th Ave & 8th Ave

25 Rooms10 Beds5 Baths4,309 Square FeetMulti-Family

$3,150,000 $3,500,000
floors / apts3 / 5
Lot Size25'x80'
Built Size25'x60'
ZoneR5B
Building TypeLow-Rise
RE Taxes$7,138
Price Per SF
$731

Listing Features

  • High Ceilings

Outdoor space and views

  • Garden Views

Building Amenities

  • Sprinkler System

Property Description for 388 Prospect Ave

This 4,309-square-foot, 5-family residence at 388 Prospect Avenue, built in 1931, spans 25 feet by 60 feet on an 80-foot lot along Prospect Avenue, nestled between 7th and 8th Avenues in the heart of South Slope. This property is ideal for converting into premium condos within a highly coveted location, offering an array of possible configurations.

Enjoy lofty ceilings on the three upper floors (9'8 - 9'11"), in addition to the windowed basement level, which has been excavated for added height of 7'3". An existing sprinkler system enhances safety and convenience. Embrace the quintessential Brownstone Brooklyn lifestyle with effortless access to the vibrant shopping, dining, and transit hubs of Prospect Park West, all a short stroll away. Just minutes on foot, Prospect Park serves as a tranquil oasis, offering a serene retreat from urban life.

The neighborhood also boasts a strong sense of community with local events, farmers' markets, and cultural festivals. For those who commute, multiple subway lines and bus routes are conveniently nearby, providing seamless connectivity to the rest of Brooklyn and Manhattan. With a blend of urban convenience and suburban tranquility, 388 Prospect Avenue is an ideal place to live and invest.

Listing History for 388 Prospect Ave

Now
11/01/2024
$3,150,000 [-$350,000] [10%]
Price Drop by Elizabeth Kohen
Garfield Realty
09/18/2024
$3,500,000 [-$50,000] [1.4%]
Price Drop by Elizabeth Kohen
Garfield Realty

Building Details for 388 Prospect Ave

OwnershipMulti-Family
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

15 St-Prospect Park
0.31 miles
7 Av
0.46 miles

Citi Bike

7 Ave & 17 St
0.07 miles
Windsor Pl & 8 Ave
0.12 miles

Contact Agents

Contact Agents

Licensed As
Elizabeth Kohen
Broker
License#:
10311203731
Company:
Garfield Realty
Elizabeth Kohen
Garfield Realty
Licensed As
Paul Paglia
Broker
License#:
10311203732
Company:
Garfield Realty
Paul Paglia
Garfield Realty

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

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: 96447TH