240 Prospect Place
240 Prospect Place, at Vanderbilt Avenue · Prospect Heights
Prospect Heights, Brooklyn
BBL 3011597501 · BIN 3255808
- Year built
- 1898
- Type
- Condop
- Amenities
- Roof-deck areas, common laundry, bicycle storage and video intercom
- Ownership structure
- Cooperative; the city classifies the tax lot as a condominium (a condop structure)
- The Roebling Team's building profile
- Landmark status
- Not an individual landmark; in the Prospect Heights Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- 80% of the purchase price
Every recorded sale at this building, 2005–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2025
- $1.6M
- 2 qualifying sales
- Recent range
- $1.6M – $1.6M
- Listing discount
- -3.4%
- Recorded transfers
- 16
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 240 Prospect Place would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
About the building
240 Prospect Place occupies the corner of Vanderbilt Avenue in an ornate brick flats building designed by Angell & Higginson. Stone window trim, corner quoins and a projecting cornice distinguish its Renaissance Revival exterior. Charles Hagedorn developed it around 1898, with commercial space at street level. The cooperative-within-condominium conversion took effect under the Prospect Condominium registration.
The nine residential apartments include one- and two-bedroom configurations, with corner exposures in selected homes. Larger layouts retain separate dining rooms and bedrooms positioned at opposite ends. Some apartments have working fireplaces and in-unit laundry. Roof-deck areas provide outdoor space, including dedicated areas associated with particular apartments, while shared laundry and bicycle storage occupy common space. Upper apartments are reached by stairs.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Building staffing and amenities
- Virtual or video entry
- YesSource: The Roebling Team's building profile
- Amenities noted
- Bike storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 15, 2025 | 8 | 2 BR · 2 BA | $1,570,000 | +3.0% | |
| Jun 11, 2025 | 9 | 2 BR · 2 BA | $1,630,000 | +9.0% | |
| May 4, 2022 | 1 | 2 BR · 2 BA | $1,445,000 | +11.2% | |
| Jan 13, 2021 | 9 | 2 BR · 2 BA · 1,100 sf | $1,325,000 | $1,205/sf | +3.9% |
| Aug 21, 2019 | 8 | 2 BR · 2 BA | $1,150,000 | -4.2% | |
| Nov 21, 2017 | 4 | 2 BR | $1,150,000 | -2.1% | |
| Jul 12, 2017 | 2 | 2 BR | $1,175,000 | +6.8% | |
| Aug 13, 2013 | 4 | 2 BR | $855,000 | +22.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $1,205/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount -3.4% over ask.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Mar 25, 2005 | 4 | $550,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01159-7501). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 240 Prospect Place and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 240 Prospect Place and its market
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What to know if you’re buying
The residential cooperative is one component of the condominium. Buying an apartment here means buying cooperative shares and a proprietary lease, with the residential corporation also participating in the larger condominium's shared expenses. That structure matters when separating obligations for the corner storefront from those of the nine apartments.
Comparable buildings
- Sterling Atrium — A nearby prewar cooperative with a similarly small association.
- 904 Union Street — Low-rise prewar cooperative ownership with a somewhat larger inventory.
- 296 Sterling Place — A taller cooperative nearby with more residences sharing common costs.
- 60 South Oxford Street — Another small cooperative in a low-rise prewar building.
More Prospect Heights buildings
- 220 Park Place — 1884 condominium
- 225 Park Place — 1940 co-op
- 230 Park Place — 1937 co-op
- 251 Saint Marks Avenue — 2024 condominium
- 26 Butler Place — 1915 condominium
- 272 Saint Marks Avenue — 2011 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Prospect Heights.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 240 Prospect Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com