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550 Prospect Place, 402

Crown Heights, Brooklyn | Classon Ave & Franklin Ave

4 Rooms2 Beds2 BathsRental Property

$5,500
Lease Term12-24 Months
Available09/04/2026
The price shown reflects the monthly rent only and does not include any additional fees. Please review the listing description for a summary of all fees related to renting this apartment.

Listing Features

  • Recessed Lighting
  • Split Bedrooms
  • Washer / Dryer
  • Oversized Windows
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • En Suite Bathroom

Outdoor space and views

  • Balcony [5'x10']

Building Amenities

  • Virtual Doorman
  • Bike Storage
  • Business Center
  • Elevator
  • Fitness Facility
  • Garage
  • Grilling Stations
  • Laundry Room
  • Pet Services
  • Resident Lounge
  • Roof Deck
  • Screening Room

Policies

  • Pets Allowed

Property Description for 550 Prospect Place, 402

DISCOVER THE PERFECT APARTMENT FOR YOU!550 Prospect a 7-story luxury new development rental in the vibrant Prospect Heights neighborhood, just moments away from Prospect Park with views of the Brooklyn Museum and the Brooklyn Botanic Garden.Amenities include garage parking, private gym, bike room, pet spa, laundry room, and tenant storage. The building features a roof deck with a sun deck, lounge area, and outdoor dining and grilling space.The business center and tenant lounge provides space for all the work-from-home needs.550 Prospect is conveniently located between the Franklin Avenue and Franklin Av-Medgar Evers College Subway stations with access to the C, 2, 3 4 5, and S trains. Prospect Heights is an active neighborhood whose proximity to Prospect Park, multiple cultural institutions, and art scene, offers a vast array of leisure, dining, and entertainment options.Building Features:• Elevator• Gym• Bike Room• Package Room• Pets Allowed• Pet Spa• Resident Storage• Garage Parking• Electric Car Charging Station• Laundry room• Business center• Tenant lounge• Roof Deck• BBQ GrillsUnit Features:• Dishwasher• Stainless Steel appliances• Spacious living room• Central Heat & A/C• Select Units Have Private Outdoor Space• Washer/Dryer in all 1 and 2-bed apartments*Photos represent a similar unit, with similar finishes.Equal Housing Opportunity*Price shown is Base Rent. Residents are required to pay: At Application: Application Fee ($20.00/leaseholder, nonrefundable); At Move-in: Security Deposit (Refundable) (100%/unit); Monthly: Community Amenity Fee ($75.00/leaseholder); Electric-3rd Party (usage-based). Please visit the property website for a full list of all optional and situational fees. Floor plans are artist’s rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.

Video Walkthrough


Listing History for 550 Prospect Place, 402

Now
08/26/2026
$5,500
Initial Rent by Malgorzata Warchol
MNS
2026

Building Details for 550 Prospect Place

OwnershipRental Property
Building TypeLow-Rise
Service LevelVirtual Doorman
AgePost-War
AccessElevator
Year Built2021
Floors/Apts7/41
Learn More About the Building

Transit and Citi Bike

Subway

Park Pl
0.08 miles
Franklin Av-Medgar Evers College
0.34 miles
Botanic Garden
0.36 miles
Franklin Av
0.38 miles
Eastern Pkwy-Brooklyn Museum
0.39 miles

Citi Bike

Classon Ave & St Marks Ave
0.08 miles
Franklin Ave & St Marks Ave
0.13 miles

Building Availability

APPSF
Median
Average
-
$5,500
$5,500
Last 12 months
-
-
-

Two Beds in Crown Heights

APPSF
Median
Average
$61
$4,700
$4,774

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.

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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: 1950772