NOT LISTED FOR SALE

552 Prospect Place Unit 3C Brooklyn, NY 11238

Crown Heights Neighborhood

Estimated Value: $1,044,000 - $1,369,702

2 Beds
1 Bath
1,000 Sq Ft
0.28 Acres

Last Sold May 06, 2021

Last sale price $1,200,000 $1,200 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,998/month

Highlights

  • Balcony
  • 4-minute walk to Park Place (S Line)
  • 5-minute walk to Stroud Playground
  • Garage

About This Home

As of September 2023

Mint-condition two-bedroom, two-bathroom home with high 10' ceilings, southern exposure, private balcony, and private storage in the 552 Prospect Place Condominium, located in prime Crown Heights on the Prospect Heights border.

Second rental ever in the 22-residence building (completed and sold out in 2021), which features a virtual doorman, elevator, elegant lobby and lounge, cold storage, bike room, and well-equipped gym with Peloton bike!

With its high ceilings and large, nearly floor-to-ceiling casement windows, the home enjoys wonderful light all day long with pindrop quietness. A timeless palette of finishes and contemporary design enrich the home with character and convenience-a standout among the newer buildings in the area.

An entry foyer opens to the large living/dining room and chef's kitchen. The dining area can easily fit a sizable six-top table, and the living room fits a large media and sitting area with couch and other chairs. The living/dining room opens to the home's balcony, making for great indoor and outdoor entertaining. A hall closet and separate closet with the Bosch washer and dryer sit off of the foyer.

The open chef's kitchen features custom-designed walnut and matte lacquer European cabinetry, with lots of over- and under-counter storage. The elegant quartz countertops and dining bar are generous in size, replete with handsome backsplash and a waterfall edge. Appliances include a suite of Fisher & Paykel refrigerator, dishwasher, five-burner range, and oven. The oversize Franke sink features Grohe fixtures, including a pull-out nozzle.

The two bedrooms of the home are both quite large and well-appointed with tall closets, all of which have been customized with an Elfa system by the owners. The primary bedroom includes an en-suite five-fixture bathroom featuring a huge walk-in shower with Grohe fixtures and built-in shelf. The primary bedroom suite includes a dressing area nook that can also double as a small workspace.

Both the primary and second bathrooms feature Statuario marble slab tiles on the wall and hexagon mosaic flooring. The vanities are custom walnut with Carrara marble counters. The commodes are Villeroy & Boch. A spa-like Duravit soaking tub completes the second bathroom.

Handsome wide-plank oak flooring is throughout the home. It has multi-zone heating and cooling.

Completed in 2021, the 22-residence 552 Prospect Place Condominium is a striking building with its brick and metal fa ade. The virtual doorman, elevator, package room with cold storage, bike room, gym, and private storage units comprise a perfect suite of amenities for its residents. The building is pet-friendly.

Located on the tree-lined residential block of Prospect Place between Franklin and Classon Avenues, the building is surrounded by all of the beloved shopping, dining, and cultural amenities of Crown Heights and Prospect Heights. Prospect Park, the Brooklyn Museum, and the Brooklyn Botanical Garden are all very close.

552 Prospect Place is proximate to the Franklin Avenue 2/3/4/5- and C-train stations, as well as the Franklin Avenue Shuttle at Park Place.

Last Agent to Rent the Property

Christopher Morales

Douglas Elliman Real Estate License #10301212808 Listed on: 09/06/2023

Douglas Elliman Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,176

Year Built

  • Built in 2020

Lot Details

  • 0.28

Parking

  • Garage

Home Design

  • 1,000 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Balcony

Community Details

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

Listing and Financial Details

  • Property Available on 10/15/23
  • Tax Block 01163

Condo Details

Home Type

Condominium

Est. Annual Taxes

$15,176

Year Built

Built in 2020

Lot Details

0

Rental Info

  • Available Date: 2023-10-15

Listing Details

  • Cross Street: CLASSON AVENUE and FRANKLIN AVENUE SHUTTLE LINE
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Crown Heights
  • Entry Level: 3
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1000.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Units: 22
  • Total Stories: 6
  • Year Built: 2020

Tax Info

  • Tax Block: 01163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
May 3, 2021
Sold by
554 Prospect Place Llc
Bought by
Carey Lea and Jones Matthew
Seller's Agent
Deborah Rieders
Corcoran Group
List Price
$1,225,000
Sold Price
$1,200,000
Premium/Discount to List
-$25,000
-2.04%
Current Estimated Value
$1,229,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,746
Avg. Annual Appreciation
0.68%
Original Mortgage
$720,000
Outstanding Balance
$656,645
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$578,580
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Carey Lea $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carey Lea $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Price Changed $5,625 0.0% $6 / Sq Ft
09/14/2023 09/14/23 Under Contract -- -- --
09/13/2023 09/13/23 Rented $5,625 +2.4% --
09/06/2023 09/06/23 For Rent $5,495 0.0% --
05/06/2021 05/06/21 Sold $1,200,000 -2.0% $1,200 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $1,225,000 -- $1,225 / 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 $15,176 $125,933 $13,874 $112,059
2024 $15,176 $130,330 $13,874 $116,456
2023 $14,429 $122,169 $13,874 $108,295
2022 $14,131 $118,153 $13,874 $104,279
2021 $12,626 $106,909 $13,874 $93,035
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10912044

Real Estate Board of New York (REBNY)

APN: 01163-1010