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723 Prospect Place, Brooklyn, NY 11216

Crown Heights, Central Brooklyn, Brooklyn
Building in Crown Heights
2 Stories
2 Units
Built in 2002
723 Prospect Place - Photo 1
723 Prospect Place
Crown Heights, Central Brooklyn, Brooklyn
$5,820 - $6,270
|
3 Bed
|
3 Bath
By Leonard GIlbert
Welcome to 723 Prospect Place, a building located in Crown Heights, Central Brooklyn, Brooklyn in Brooklyn, NY. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2002. There are a total of 2 floors. From what we gather, there are a total 2 residential units. Finally, 723 Prospect Place was most recently sold on Feb 18, 2020 for $1,200,000. The market value for the land that the building sits on has been listed at $415,000. In addition, improvements upon the building have an added value of $1,430,000. In total, the total market value of the property as a whole is $1,845,000. According to local assessors, the total value of the building is currently valued at $69,960. Specifically, the value of the land that the property sits on has been assessed at $24,900. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. The code designated for the basement in this building was 2 which stands for: "". There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2002
Effective Year Built
2003
Building Count
1
Bedroom Count
0
Building Condition
0
Building Quality
0
Construction Type
2
Building Style
31
Exterior Walls Type
0
Interior Walls Type
0
Roof Shape Type
0
Roof Cover Type
0
Floor Count
2
Total Unit Count
2
Living Units
2
Residential Unit Count
2
Floor Cover
0
Basement Type
2
Basement Area
0
Garage Type
0
Parking Space Count
0
Patio Type
0
Porch Type
0
Pool Type
0
Unit Count
Building Floor Area
Residential Building Floor Area
2,140
Floor Area Ratios
Building Area Source
2
Building
Building Type
B1
Property Class
R
Lot Type
5
Land Acres
0000000046
Land Use
01
Standard Land Use Code
1101
County Land Use Code
B1
Irregular Lot Code
N
Proximity Code
2
Extension Code
N
Sanborn Map Number
307 016
Neighborhood
Census Block
1001
Community District
308
City Council District
36
Police Precinct
77
Fire Company
E219
Health Area
2900
Sanitation District Borough
3
Sanitation Subsection
2A
School District
17
School District Name
New York City Department Of Education
School Tax School District
BROOKLYN
Census Tract
031701
Census Block Code
1001
Census Group
1
Census Year
2021
Census - Combined Statistical Area - Area Code
408
Census - Combined Statistical Area - Area Name
New York-Newark, NY-NJ-CT-PA
Census - County FIPS
36047
Census - Full FIPS
360470317011001
Census - Metropolitan Division - Area Code
35614
Census - Metropolitan Division - Area Name
New York-Jersey City-White Plains, NY-NJ
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ-PA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3651000
Census Source
US Census Bureau
Census State FIPS
36
Census Tract 2010
031701
Census Tract Code
031701
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3620580
School District - Unified - Name
New York City Department Of Education
Zoning
Split Boundary Zone Indicator
N
Zoning
R6A
Zoning Map Number
17a
Geography
Account Number
3-01226-0073
District
08
Section
501
Parcel
01226-0073
Borough Name
BK
Borough Code
3
Block
1226
Lot
73
Borough Block Lot
3012260073
Municipality
CROWN HEIGHTS
Latitude
40.6747
Longitude
-73.9522
Apportionment BBL
3012260073
Apportionment Date
Dec 06, 2002
FIPS
36047
Mailing Carrier Code
C023
Mailing Full Street Address
840 BERGEN ST APT 410
Mailing House Number
840
Mailing Street Mode
ST
Mailing Street
BERGEN
Mailing Unit Number
410
Mailing Unit Type
APT
Mailing 4-Digit Zip Code
7459
Geo Status Code
P
X Coordinates
997501
Y Coordinates
185076
Valuation
Timestamp
2024-01-25 22:52:25
UCID Flag
C
Pluto Map ID
1
More About The Building
In total, the building area is listed as 2,140 square feet. To break it down, the depth of the building was measured at 54 square feet and the front is listed as 20 square feet. In comparison, the lot area is listed as 2,000 square feet. The depth of the property lot was measured at 100 square feet and the front at 20 square feet. The building itself has 2,140 square footage of total floor area. Out of that, 2,140 square footage of floor area is residential. The rest of the space could be utilized as commercial, garage, factory, or alternative use space. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. From what we gather, the control joints used in the construction of this particular building for contraction purposes were made of . The building class code for 723 Prospect Place is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Crown Heights area have a median price of $3,800. Those in the 25th percentile, have a price around $3,250. While those in the 75th percentile, have a price around $4,995. Typically, the buildings in this area have a median sqft of 928. That means that the median price per sqft is around $58. In other words, the price per sqft for buildings in the 25th percentile is $42. While the price per sqft for buildings in the 75th percentile is $69. As a breakdown, we've included the following stats:

  • There are currently a total of 66 studio listings. The median price for these types of listings is $3,225. That's $82.81 price per sqft.

  • There are currently a total of 183 one bedroom listings. The median price for these types of listings is $3,427. That's $67.22 price per sqft.

  • There are currently a total of 180 two bedroom listings. The median price for these types of listings is $4,659. That's $57.31 price per sqft.

  • There are currently a total of 79 three bedroom listings. The median price for these types of listings is $5,000. That's $42.86 price per sqft.

  • There are currently a total of 22 four bedroom listings. The median price for these types of listings is $5,089. That's $41.38 price per sqft.
About The Area
723 Prospect Place is located in Kings County, New York. There are 2,606,852 people living here. There are 938,803 households. Most of these households have an average family size of 3.46 people. According to the census, 71% are currently renting while 29% own their homes. The median age of this population is around 34.5 years old. On average, most folks in the county are unmarried. About 46% of folks speak a language other than English in this area. The area's employment rate is currently around 57.8%. Speaking of employment, the median income is $50,640. Most folks will commute by public transportation for around 42.0 minutes. Finally, we know that 26% of residents in the area have graduated with their high school degree. Additionally, 21% and 13% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. New York - Newark, NY - NJ - CT Urban Area has a population of 18,812,161 people. Based on census records, there are 6,707,347 registered households. Families in this area are on average made up of 3.42 people per household. Most folks are unmarried. They are also typically around 37.8 years old. Does diversity matter to you? Right now, 40% of folks speak a language other than English here. About 50% rent while 50% purchased their homes. Right now, the community is made up of 25% of residents who have graduated with at least a high school degree. On top of that, 22% have a Bachelor's degree and 16% have a Master's degree. The employment rate is currently around 59.7%. Those employed, have a median income of $68,319.

$3,225
Studio Median Rent
$3,427
1BR Median Rent
$4,659
2BR Median Rent
$5,000
3BR Median Rent
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