916 PROSPECT Place
$3,750,000
MLS# RLS20125280 · Crown Heights
Listed November 4, 2026 · 1 day on the market
16 Beds 8 Baths 9,000 Sq.Ft.
About This Property
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Prime Crown Heights investment opportunity offering an eight-unit multi-family building with six free-market apartments. Spacious 2 bedroom layouts exceeding 1,000 SF and a private backyard, situated on a quiet residential block by Prospect Park and the Brooklyn Botanical Garden.
916 Prospect Pl. Overview:
Annual Income: $206,940 Annual Operating Expenses: $43,738 Net Operating Income (NOI): $163,203 Cap Rate: 4.35% Total Units: 8 residential Unit Mix: 6 free-market / 2 rent-stabilized Building Size: 9,000 SF (max buildable 12,441 SF) Building Dimensions: 25' x 98' Lot Dimensions: 25' x 127.5 With 75% free-market apartments, the property offers an attractive opportunity for investors seeking long-term income growth. Situated in Crown Heights, the property benefits from proximity to Prospect Park, the Brooklyn Botanical Gardens, Brooklyn Museum, and the neighborhood's vibrant restaurants, cafés, and shopping. An opportunity to acquire a substantial multi-family asset with strong long-term investment potential.
914-916 Prospect Place are 2 separate buildings with a shared basement and utilities, must be sold as combined multi-parcel sale. Combined asking price: $7,500,000.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
- Smoke-free
Home features
- Washer/dryer in unit
- View
- Private garden
- Private outdoor space (over 60 sq ft)
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$19,553 / month
- Principal and interest$18,962
- Property taxes$591
Due at closing
- Down payment (20%)$750,000
- NYS “mansion tax” (1.5%)$56,250
- Mortgage recording tax (1.925%)$57,750
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
916 Prospect Place is a 4-story walk-up apartments in Crown Heights, completed in 1905 and home to 8 residential units. It sits within the Crown Heights North Ii Historic District.
The closest subway is Nostrand Av (3), about a 9-minute walk. Brower Park is roughly 3 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1905
- Stories
- 4
- Units
- 8
- Building Type
- Walk-Up Apartments
- Historic District
- Crown Heights North II Historic District
Location & Nearby
Map
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916 PROSPECT Place
Subway
- 3Nostrand AvAbout 9 min walk
- 3Kingston AvAbout 10 min walk
- 25President St-Medgar Evers CollegeAbout 12 min walk
Parks
- Brower ParkAbout 3 min walk
- St. Andrew's PlaygroundAbout 9 min walk
Public schools · Elementary schools
- P.S. 289 George V. BrowerAbout 5 min walk
- Success Academy Charter School - Prospect Heights · CharterAbout 7 min walk
- The Dr. Jean Pierre-Louis School of ExcellenceAbout 7 min walk
Middle schools
- Restoration AcademyAbout 9 min walk
- The School of Integrated LearningAbout 13 min walk
High schools
- Academy for Health CareersAbout 10 min walk
- Pathways in Technology Early College High School (P-Tech)About 10 min walk
Colleges & universities
- Medgar Evers College (CUNY)About 21 min walk
Museums
- Brooklyn Children'S MuseumAbout 3 min walk
- Jewish Children'S MuseumAbout 11 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Crown Heights is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Similar homes in Crown Heights
Gallery
Property Photos
Listing Courtesy of Corcoran Group
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.