566 Prospect Place
566 Prospect Place, between Classon and Franklin Avenues · Crown Heights
Crown Heights, Brooklyn
BBL 3011630033 · BIN 3029002
- Year built
- 1931
- Type
- Cooperative
- Amenities
- Basement storage; bicycle storage; voice intercom; private gardens in selected homes
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
Every recorded sale at this building, 2006–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2024–2025
- $443K
- 3 qualifying sales
- Recent range
- $425K – $958K
- Listing discount
- 0.5%
- Recorded transfers
- 34
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 566 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.
566 Prospect Place is a four-story cooperative with a broad range of apartment sizes inside a 20-residence building. Compact homes share the address with two- and three-bedroom layouts, and selected lower-floor homes have private gardens reached through the common areas. Basement storage adds useful space outside the apartments themselves.
The building sits between Classon and Franklin Avenues, close to the boundary with Prospect Heights. Its address puts the Franklin Avenue commercial corridor to the east and the museum, botanic garden and Prospect Park to the south. The building's scale remains that of a low-rise residential block.
Its interior character is prewar, with wood floors, high ceilings and masonry walls visible in some renovated homes. Separate bedrooms and windowed kitchens occur alongside more open living-and-dining arrangements. The range extends from apartments of approximately 500 square feet to larger homes with three bedrooms.
Architecture and unit composition
The four-story form places a comparatively large number of apartments within a modest building height. Individual plans vary in their relationship to the street and rear of the property. South-facing living rooms are part of the inventory, while multiple windows bring light to bedrooms in some larger layouts.
Two-bedroom homes include a principal bedroom and a smaller second room that can serve as an office. Larger three-bedroom plans have distinct secondary bedrooms and a windowed kitchen. Changes over time include opened kitchens, added storage and renovated bathrooms, so current room arrangements differ across the building.
Private outdoor space is limited to particular apartments. Some lower-floor homes have gardens accessed through the building’s common areas.
Building operations
Basement storage rooms are a recurring feature of apartments here, including both garden homes and larger upper-floor layouts. Bicycle storage is available to shareholders without a separate charge. The entrance uses a voice intercom.
In-unit washers and dryers have been installed in several apartments, including a vented installation in a larger home. They provide laundry within the residence, subject to the cooperative's approval of installation and alterations. A machine in one apartment doesn't mean the same plumbing or venting arrangement exists across all twenty homes.
The cooperative occupies one Class 2 tax lot. Its built floor-area ratio is slightly below the residential allowance shown for the R6A district, and it is not designated by LPC. No building-wide development abatement is identified.
Policy framework
Financing: A minimum down payment of 20% has been stated — confirm with the managing agent.
In-unit washer/dryer: Installations allowed subject to approval — confirm with the managing agent.
Monthly carrying charges in recent sales
- Maintenance, per room
- $197 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Elevator
- NoSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, storageSource: 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 | vs. Ask |
|---|---|---|---|---|
| Sep 15, 2025 | 3D | 1 BR · 1 BA | $515,000 | -6.2% |
| Feb 5, 2025 | 4A | 3 BR · 1 BA | $958,000 | +0.8% |
| Jan 16, 2025 | 3A | 3 BR · 1 BA | $880,000 | +3.5% |
| Oct 24, 2024 | 1C | 1 BR · 1 BA | $425,000 | -5.6% |
| Aug 22, 2024 | 3C | 1 BR · 1 BA | $442,500 | -1.7% |
| Jun 17, 2024 | 1E | 2 BR · 1 BA | $805,000 | +0.8% |
| Oct 27, 2021 | 1D | 1 BR · 1 BA | $449,000 | -9.3% |
| Feb 16, 2021 | 3B | 2 BR · 1 BA | $650,000 | +8.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2016): a median $1,098/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 1.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 3-01163-0033). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 566 Prospect Place and nearby.
At the recent median sale of $880K (3 transfers in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $11,850 to close, or 1.3% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,850
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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Comparable buildings
- 296 Sterling Place: A prewar cooperative with a similarly small association in a taller building.
- 375 Lincoln Place: A low-rise prewar cooperative with a larger apartment inventory.
- 418 St Johns Place: A larger prewar cooperative for comparing more substantial apartment-house scale nearby.
- 408 St Johns Place: Another prewar cooperative with more residences and a taller structure.
- 61 Eastern Parkway: A prewar cooperative with a parkway address and a larger association.
More Crown Heights buildings
- 488 Sterling Place — 2021 condominium
- 524 St. Johns Place — condominium
- 529 Park Place — condominium
- 569 Saint Marks Avenue — 1901 condominium
- 579 Washington Avenue — condominium
- 582 Park Place — 1910 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Crown 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.
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646.939.7375 · c.cohen@compass.com