357 Prospect Place
357 Prospect Place, Brooklyn, NY 11238
BBL 3011537502 · BIN 3028572
- Year built
- 2017
- Type
- Condominium
- Units
- 7
- Floors
- 5
- Landmark
- No
- Amenities
- Elevator with keyed access, common roof deck and garden, central air and washer/dryer hookups, per listing records. No doorman or on-site staff
- Financing
- Set by the lender, not a board
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Marketed as Prospect Contemporary, per listing records 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.
This is a seven-apartment condominium built mid-block on a Prospect Heights side street, and it answers a question buyers in the neighborhood ask often: what does new construction cost to carry when it has no tax abatement? Here the answer is full tax from the start. On the Department of Finance rolls on file, no residence has ever carried a 421-a exemption. There is nothing to phase out. For a buyer that matters more than any finish. The tax bill you see at contract is the real bill, and it is not waiting to rise when an exemption expires.
The building took ten years. A three-story house on the lot was demolished in 2006. A new-building application for a five-story, seven-unit building followed in 2007, and the permit was partially issued that December. The project then stalled through the credit crisis. In March 2013 the site moved to Prospect Upreal LLC, which completed the building, recorded the condominium declaration in April 2015, and took temporary certificates of occupancy from April 2016. The final certificate followed on July 27, 2017.
The sponsor sold all seven residences in May and June 2016, each to a different buyer, per ACRIS. Nothing is left in sponsor hands, and nothing has been held back as a rental.
Architecture and unit composition
The building fills a 3,638-square-foot lot with about 7,700 square feet of residential space. The unit designations run two on the first floor (1A, 1B), one on the second (2A), two on the third (3A, 3B), and one each on the fourth and fifth (4A, 5A). The Department of Finance roll puts 1A, 3A and 3B between about 680 and 790 square feet. 1B, 2A and 4A are about 1,430 square feet each, and 5A is about 1,160. The single-letter floors and the matching 1,430-square-foot sizes suggest some of these apartments are duplexes, and listing records do describe duplex layouts. Listing records also describe private outdoor space, including balconies and a garden. The roll does not show which units have them, so confirm each unit's outdoor space against the declaration and floor plans.
The five storage lots (ST-A through ST-E) are separate condominium units. Four were conveyed together with apartments at the 2016 closings, and a storage lot has changed hands alongside at least one resale. If the apartment you are buying comes with storage, it is a separate deed and tax lot, so make sure the contract names it. One storage lot (ST-A) appears in ACRIS but not on the 2027 roll. Ask the managing agent how it is held now.
Listing records describe the finishes: white oak herringbone floors, stone baths, individual heating and cooling systems, and a video intercom. The facade is contemporary among nineteenth-century rowhouses. Because the lot is outside the historic district, exterior work does not need LPC approval.
Building operations
A seven-unit condominium with no staff runs on a small common-charge budget and a board of managers drawn from the owners. It has no doorman or superintendent, and no resident manager is documented. The elevator, roof and building systems are about ten years old. That puts early capital items, such as elevator modernization and roof membrane life, on the horizon but not yet due. No offering plan, budget or financial statement for the building is on file in The Roebling Research Library. Reserves, insurance and any assessment history must come from the managing agent.
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jun 5, 2025 | 4A | $2,215,000 |
| Jul 25, 2022 | 5A | $1,775,000 |
| Jan 8, 2021 | 3B | $750,000 |
| Aug 1, 2016 | 1B | $1,115,000 |
| Jul 1, 2016 | 3A | $745,000 |
| Jun 30, 2016 | 1A | $660,844.25 |
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 3-01153-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Underwrite full tax — it is the only tax. No 421-a benefit appears on any roll on file, so no phase-out is coming. Assessments on the unit lots have still risen year over year on the recent rolls. Pull the current tax bill for the specific unit and the last three years of assessed value.
Confirm storage and outdoor space by deed. Storage units are separate tax lots. Outdoor space is allocated by the declaration. Neither shows up in the apartment's lot number.
With seven owners, one vote matters. Every owner's common-charge payments and every board decision weigh heavily. Ask the managing agent for arrears, the reserve balance, and any planned or past assessments.
The record has errors. PLUTO shows four floors and 2014. DOB shows five stories and a 2017 final certificate of occupancy. Lenders and appraisers sometimes pull the PLUTO figures, so check that the appraisal uses the correct ones.
What to know if you’re selling
Lead with elevator, condominium, no sponsor. Buyers comparing small new developments in Prospect Heights often find sponsor-held inventory or an abatement about to phase out. Neither applies here, so say it plainly.
Price against boutique new construction, not brownstone floor-throughs. Buyers here also consider brownstone floors nearby, but those have no elevator and often co-op ownership. The better comparables are elevator condominiums built after 2010.
Comparable buildings
If you're considering 357 Prospect Place, also evaluate:
- 280 Saint Marks Avenue — a 31-unit condominium one block north, just outside the historic district
- 856 Washington Avenue — a 26-unit condominium built in 2017–18 on the Green Point Savings Bank site
- 35 Underhill Avenue — The Washington, a 39-unit two-building Prospect Heights condominium
- 545 Washington Avenue — Isabella, a 63-unit condominium whose 421-a has fully phased out
- 957 Pacific Street — an 18-residence elevator condominium with a 421-a phase-out running to 2034
- 488 Sterling Place — a 2021 condominium that also pays full tax with no 421-a
- 44 Butler Place — Butler Plaza, a 1925 building sold as a condominium in 1986; the neighborhood's prewar alternative
More Prospect Heights buildings
- 296 Sterling Place — 1910 co-op
- 315 St Johns Place — 1921 co-op
- 34 Plaza Street East — 1956 co-op
- 375 Lincoln Place — 1921 co-op
- 408 St Johns Place — 1924 co-op
- 41 Eastern Parkway — 1926 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Prospect Heights.
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 Marketed as Prospect Contemporary, per listing records?
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