NOT LISTED FOR SALE

948 Prospect Place Brooklyn, NY 11213

Crown Heights Neighborhood

Estimated Value: $1,937,000 - $2,431,149

7 Beds
5 Baths
3,800 Sq Ft
$580/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $1,630,000 $429 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,965/month

28 Days on Market

About This Home

As of November 2022

Get an enormous amount of square footage and rooms for a low price per square foot in this 21ft wide, 60-61ft deep, three-story home built in 2002 between New York and Brooklyn Aves.



Prime Crown Heights directly on border of CH North Historic District, around corner from Brooklyn Children's Museum and Brower Park, and a few short blocks from restaurants, bars, cafes and nightlife on Nostrand and Franklin Aves. Plus two parking spots in front.



A good opportunity for either an investor .... or a primary resident looking for a large home and parking, plus significant rental space to help pay the mortgage. Public record states building as 4368sf on a 21x128ft lot, buildable to as much as 6529sf. Floor-planner measured building 21ft wide by 60-61ft deep for approximately 3800sf as currently built. Large backyard, balcony on top floor.



Legal 2-family, currently configured with two 3BR 2bath rental apartments above and a separate living space on the first floor. Two alternate layout floor-plans show 4.5BR 3bath duplex plus 3BR 2bath rental reconfigurations (not professionally evaluated, consult with an architect to determine feasibility of any alternate layout/alterations). Current tenants month to month, can be delivered vacant.

Last Agent to Sell the Property

Jonah Cohen

Corcoran Group License #10301209913 Listed on: 04/27/2022

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,574

Lot Details

  • 2,701

Home Design

Interior Spaces

  • 3,800 Sq Ft Home
  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Community Details

  • 2 Units
  • Crown Heights Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,574

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 3800.0
  • Living Area Units: Square Feet
  • Rooms (Total): 17

Beds/Baths

  • Full Bathrooms: 5
  • Bathrooms Integer: 5
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
Dec 5, 2022
Sold by
Shusterman Chaya M
Bought by
948 Prospect Pl Llc
Seller's Agent
Jonah Cohen
Corcoran Group
List Price
$1,800,000
Sold Price
$1,630,000
Premium/Discount to List
-$170,000
-9.44%
Views
5
Current Estimated Value
$2,202,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$572,287
Avg. Annual Appreciation
9.21%
Original Mortgage
$1,304,000
Outstanding Balance
$1,267,460
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$804,112

Purchase Details

Listed on
Apr 27, 2022
Closed on
Nov 22, 2022
Sold by
Brown Carl
Bought by
Shusterman Chaya M
Seller's Agent
Jonah Cohen
Corcoran Group
List Price
$1,800,000
Sold Price
$1,630,000
Premium/Discount to List
-$170,000
-9.44%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,304,000
Outstanding Balance
$1,267,460
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$804,112

Purchase Details

Closed on
Jul 29, 2004
Sold by
Patterson Kirk A
Bought by
Brown Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,200
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
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
948 Prospect Pl Llc -- --
Shusterman Chaya M $1,630,000 --
Brown Carl $584,000 --
Brown Carl $584,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shusterman Chaya M $1,304,000
Previous Owner Brown Carl $250,000
Previous Owner Brown Carl N $650,000
Previous Owner Brown Carl N $124,000
Previous Owner Brown Carl $580,000
Previous Owner Brown Carl $145,000
Previous Owner Brown Carl $116,800
Previous Owner Brown Carl $467,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2022 11/23/22 Sold $1,630,000 -4.1% $429 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/04/2022 05/04/22 Price Changed $1,700,000 -5.6% $447 / Sq Ft
04/27/2022 04/27/22 For Sale $1,800,000 -- $474 / 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 $11,574 $115,800 $27,240 $88,560
2024 $11,574 $109,740 $27,240 $82,500
2023 $11,040 $134,640 $27,240 $107,400
2022 $10,238 $112,380 $27,240 $85,140
2021 $10,182 $123,240 $27,240 $96,000
2020 $5,062 $130,560 $27,240 $103,320
2019 $10,045 $103,800 $27,240 $76,560
2018 $9,235 $45,302 $11,282 $34,020
2017 $8,712 $42,739 $12,188 $30,551
2016 $8,060 $40,320 $14,644 $25,676
2015 $4,863 $40,320 $18,462 $21,858
2014 $4,863 $40,017 $21,978 $18,039
Source: Public Records

Agents Affiliated with this Home

  • Jonah Cohen

    Seller's Agent in 2022

    Jonah Cohen

    Corcoran Group

    (413) 429-6781

    4 in this area

    32 Total Sales

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10810531

Real Estate Board of New York (REBNY)

APN: 01235-0036

New York Kings County Brooklyn 11213 Crown Heights

948 Prospect Place, Brooklyn, NY

This home is located at 948 Prospect Place, Brooklyn, NY 11213 since 27 April 2022 and is currently estimated at $2,202,287, approximately $579 per square foot. 948 Prospect Place is a home located in Kings County with nearby schools including Ps 289 George V Brower, Success Academy Prospect Heights, and Hebron Seventh-Day Aventist Bilingual.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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