1485 Prospect Place Unit 1 Brooklyn, NY 11213
Crown Heights NeighborhoodEstimated payment $3,088/month
Highlights
- Home Theater
- Main Floor Primary Bedroom
- Den
- 1.37 Acre Lot
- Home Gym
- 3-minute walk to Woods Playground
About This Home
Welcome to this beautiful 2 bedroom 1 bathroom CONDOMINIUM with a rare DEEDED FLEX SPACE and 25-year tax abatement, low monthly common charges, quietly tucked away on a serene tree-lined street in the heart of Crown Heights. Upon entry, you are welcomed into a sun-drenched living room where a large front-facing window with custom wood blinds fills the space with natural light. Dark hardwood floors add warmth and depth, while recessed lighting, central air conditioning, and a sleek ceiling fan provide both ambiance and functionality. The layout offers plenty of room for a full living set, shelving, and a media console. From here, the home flows into an open dining area highlighted by a rustic wood accent wall that brings rich texture, paired with a striking cage-style pendant light that sets the perfect mood for dining and entertaining. A round rope-detailed mirror on the wall adds dimension and brightness, while the open floor plan creates a clear sightline between the living room, dining area, and kitchen. The eat-in kitchen is a true centerpiece, framed by a bold yellow archway that defines the space while keeping it bright and inviting. Modern gray cabinetry pairs with granite countertops, a natural stone backsplash, and ample storage, striking an ideal balance of style and function. The extended countertop provides extra prep space, and the smooth transition from dark hardwood floors to the striking stone-patterned kitchen floor adds visual contrast while naturally defining the cooking zone. A full stainless steel appliance suite, including a gas range, microwave, dishwasher, and refrigerator, is complemented by modern lighting for a polished, contemporary finish. The primary bedroom is a serene retreat, easily accommodating a king-size bed with additional furniture. A large double-door closet offers excellent storage, and the oversized window fills the room with soft natural light, enhancing its calm and inviting feel. The second bedroom is equally versatile and features its own large window and closet. The bathroom has been tastefully updated with floor-to-ceiling modern tilework, a deep soaking tub, a chic vanity with ample drawers, and polished fixtures, creating a clean, spa-like atmosphere. Just downstairs, this unit includes a large private DEEDED FLEX SPACE secured with a keypad lock for exclusive use. Outfitted with a washer, dryer, and full sink, this versatile area can function as a laundry room, home office, creative studio, gym, or additional storage. The large backyard common area offers dedicated spaces for barbecuing, lounging, sunbathing, and hosting gatherings, providing the perfect setting for outdoor socializing. Additional benefits of this unit include high-performance blow-in insulation designed to enhance energy efficiency, improve sound control, and ensure year-round comfort while helping to reduce utility costs. For added peace of mind, the insulation is backed by a fully transferable lifetime warranty. Both the boiler and hot water heater have been updated recently, with the hot water heater replaced approximately two years ago, ensuring reliable performance. A 25-year tax abatement is in place through 2040, keeping annual property taxes exceptionally low at just $301 PER YEAR, while MONTHLY common charges of $503.26 cover building maintenance and shared amenities. PLEASE READ: All showings are exclusively conducted through open houses. Private viewings are not available, so please refrain from requesting them. Open house times will be posted one week prior to each scheduled event to allow ample planning time. We encourage all interested parties to save this listing online to receive notifications about upcoming open house times. Brokers and agents are welcome to send clients to open houses by texting or emailing buyer information in advance if they cannot attend together. Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $301
Year Built
- Built in 2007
Interior Spaces
- 1,406 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Family Room
- Living Room
- Breakfast Room
- Dining Room
- Home Theater
- Den
- Library
- Home Gym
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
Community Details
- Property has a Home Owners Association
- World Class Management Inc Association
- Crown Heights Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $301 | $28,744 | $2,694 | $26,050 |
2024 | $301 | $32,874 | $2,694 | $30,180 |
2023 | $304 | $40,337 | $2,694 | $37,643 |
2022 | $299 | $37,188 | $2,694 | $34,494 |
2021 | $315 | $36,820 | $2,694 | $34,126 |
2020 | $157 | $26,132 | $2,694 | $23,438 |
2019 | $313 | $22,723 | $2,694 | $20,029 |
2018 | $305 | $12,405 | $1,536 | $10,869 |
2017 | $305 | $12,311 | $1,646 | $10,665 |
2016 | $299 | $11,615 | $1,646 | $9,969 |
2015 | -- | $10,958 | $1,582 | $9,376 |
2014 | -- | $10,338 | $1,791 | $8,547 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/11/2025 08/11/25 | Pending | -- | -- | -- |
07/20/2025 07/20/25 | For Sale | $575,000 | -- | $409 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | $290,815 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $385,000 | Stand Alone Refi Refinance Of Original Loan | |
Closed | $55,000 | Unknown | |
Closed | $70,826 | Unknown | |
Closed | $278,196 | New Conventional |
Source: NY State MLS
MLS Number: 11539789

APN: 01362-1113
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