NOT LISTED FOR SALE

552 Prospect Place Unit 1B Brooklyn, NY 11238

Crown Heights Neighborhood

Estimated Value: $1,061,000 - $1,673,768

2 Beds
2 Baths
1,000 Sq Ft
$483/mo HOA Fee

Last Sold May 26, 2021

Last sale price $1,407,000 $1,407 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $9,555/month

53 Days on Market

Highlights

  • New Construction
  • 4-minute walk to Park Place (S Line)
  • Central Air
  • Intercom
  • Garden
  • 5-minute walk to Stroud Playground

About This Home

As of May 2021

Prospect Heights? newest offering! 552 Prospect Place seamlessly brings the outdoors inside with a unique collection of 22 one, two, and three-bedroom condos from a seasoned Brooklyn developer that combine private loggias, terraces and gardens with perfectly designed interiors for comfortable living all year round. Every single home has a private outdoor space. Unit 1B is an incredible garden unit with 1,252 SF of outdoor space perfect for indulging your green thumb or dining al fresco. Additional features include two bedrooms, 2 bathrooms and Western & Southern exposures.

An elevator building with a state-of-the-art fitness center, Virtual doorman and package room, indoor parking spaces for sale, a bike room, a Resident?s Lounge, and a basement storage space included for every unit, enjoy low monthlies and sacrifice nothing.

A striking brick and metal façade evokes times past with a nod to the future. Enjoy the warmth of antiqued brick and blackened steel casement windows on the outside juxtaposed with warm woods and classic stones styled with minimalism and functionality on the inside. If light and lofty proportions are at the top of your wish-list, then look no further. Every unit in the building has 10? ceilings, an extra foot higher than neighboring new construction, providing an unrivaled drama, light and scale to these homes.

Kitchens feature a rich combination of walnut and matte lacquer European cabinetry that has been custom designed for each apartment offering innovative storage with a designer touch. Enjoy a suite of paneled Fisher and Paykel appliances and a truly breathtaking quartz countertop with waterfall edge and dining bar, Grohe Fixtures with a pull-out nozzle, and oversized Franke sinks. Spa-like bathrooms take design and comfort to a whole new level and combine a soothing palette of Statuario marble slab tiles with hexagon mosaic flooring, Duravit and Villeroy and Bosch tubs and sinks, custom walnut vanities with Carrara marble counters, Grohe fixtures, and oversized glass-enclosed walk-in showers. Primary bathrooms have oversized showers while secondary baths all offer sizable bathtubs and large format concrete tiles. The combination of materials, storage and design is second-to-none.

At the crossroads of three amazing neighborhoods, 552 Prospect Place offers the best amenities from Prospect Heights, Park Slope and Crown Heights. Enjoy culture, nature, and the best amenities of these three historically significant neighborhoods, including a subway on the block. Meander the Brooklyn Botanical Gardens and Prospect Park, peruse the halls of the Brooklyn Museum, and then indulge in a delicious meal in one of the many world-renowned cafes and restaurants interspersed amongst the historic buildings of Washington, Classon and Franklin Avenues. This brand-new building is almost complete and ready for occupancy. Pet and investor friendly.

The complete offering terms are in an offering plan available from Sponsor. File No. CD20-0032. Sponsor: 554 PROSPECT PLACE LLC, C/O JEFFREY ZWICK & ASSOCIATES, PC. 266 BROADWAY, SUITE 403, BROOKLYN, NEW YORK 11211. Equal Housing Opportunity.

Last Agent to Sell the Property

Deborah Rieders

Corcoran Group License #30RI0955004 Listed on: 09/14/2020

Corcoran Group

Co-Listed By

Sarah Shuken

Corcoran Group License #10301210822

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,802

Year Built

  • Built in 2020 | New Construction

Lot Details

  • West Facing Home
  • Garden

HOA Fees

  • $483 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,000 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 1163

Community Details

Overview

  • 22 Units
  • Prospect Heights Subdivision
  • 6-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,802

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$483 per month

Listing Details

  • Cross Street: Classon Avenue & Franklin Avenue
  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 1000.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 483.42
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 131.0 x 58.0

Building Info

  • New Construction: Yes
  • Units: 22
  • Total Stories: 6
  • Year Built: 2020

Tax Info

  • Tax Block: 1163
  • Tax Annual: 14801.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2020
Closed on
May 26, 2021
Sold by
554 Prospect Place Llc
Bought by
Au Jonathan
Seller's Agent
Deborah Rieders
Corcoran Group
List Price
$1,450,000
Sold Price
$1,407,000
Premium/Discount to List
-$43,000
-2.97%
Current Estimated Value
$1,356,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,863
Avg. Annual Appreciation
-1.08%
Original Mortgage
$1,125,600
Outstanding Balance
$1,023,519
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$320,774
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Au Jonathan $1,407,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Au Jonathan $1,125,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2021 05/26/21 Sold $1,407,000 -3.0% $1,407 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $1,450,000 -- $1,450 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $19,764 $164,005 $18,068 $145,937
2024 $19,764 $169,732 $18,068 $151,664
2023 $18,792 $159,104 $18,068 $141,036
2022 $18,382 $153,874 $18,068 $135,806
2021 $16,443 $139,229 $18,068 $121,161
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10666852

Real Estate Board of New York (REBNY)

APN: 01163-1001