Open House
Sun, Nov 8 · 1:00PM–2:30PM
Open House
Sun, Nov 8 · 1:00PM–2:30PM
98 Prospect Place
$3,450,000
MLS# RLS20125527 · Park Slope
Listed November 6, 2026 · New today
7 Beds 4 Baths 4,500 Sq.Ft.
About This Property
98 Prospect Place | North Park Slope
A Rare Three-Family Brownstone Opportunity in Prime North Park Slope.
98 Prospect Place is a classic three-family Italianate brownstone, situated on a picturesque tree-lined block in the heart of North Park Slope. Offering approximately 3,600 square feet on a 20’ × 100’ lot, this property features three spacious free-market apartments, along with an expansive and private rear garden.
Offered at approximately $958 per square foot, compared to the average of over $1,500 per square foot for renovated Park Slope townhouses, the property presents a rare opportunity for investors and end users alike. Collect rental income today while planning a future conversion into a magnificent single-family residence or a renovation of all three apartments as leases expire. The building is not landmarked, offering additional flexibility for future improvements.
The opportunity: in-place rents total $12,700 a month. After a planned renovation of about $550,000, projected market rents rise to $26,500 a month, roughly double, for a projected 6.9% cap rate on a $4.0M total basis.
Ideally located with access to acclaimed restaurants, charming cafés, boutiques, and neighborhood shops. Prospect Park, Barclays Center, the Brooklyn Academy of Music, and the Brooklyn Botanic Garden are all within easy reach, along with convenient transportation via the 2/3, B/Q, and Atlantic Terminal.
This is an exceptional opportunity to own a well-maintained Park Slope brownstone with immediate income and exciting long-term potential.
Offered at $3,450,000. Delivered occupied.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Compass.
98 Prospect Place is a classic Italianate brownstone on a tree-lined block in North Park Slope, built on a 20 by 100 foot lot. The listing describes it as well maintained, and its proportions and street presence are what I'd expect from a building of this type.
The building holds three free-market apartments, which makes it a rental property today. The listing also points to two later paths. One is converting it into a single-family residence. The other is renovating all three apartments as leases expire. It isn't landmarked, and the listing notes that gives more room for future changes. It's delivered occupied, so it's worth seeing each apartment's layout in person before deciding which path suits you.
The rear garden is private and large, and in the city that kind of outdoor space is a real amenity. The listing also notes a washer and dryer in the unit, a dishwasher and hardwood floors, so day-to-day chores are easier to manage at home.
The 2 and 3 at Bergen Street are about 4 minutes on foot from the building, the B and Q at 7 Avenue are about the same, and Atlantic Avenue-Barclays Center is about 11 minutes. Dean Playground is about 4 minutes away, and Flatbush Market is about 5 minutes. Ki Sushi, Born and Pies 'n' Thighs are all within a couple of minutes, and Prospect Park is within easy reach.
Quick answers+
Does the property have private outdoor space?
Yes. It has an expansive and private rear garden.
Does the apartment have in-unit laundry?
Yes. There's a washer and dryer in the unit.
Is the building landmarked?
No. It isn't landmarked.
Curtis Bain
Brown Harris Stevens
Property Features
Home features
- Washer/dryer in unit
- Hardwood floors
- Dishwasher
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$18,462 / month
- Principal and interest$17,445
- Property taxes$1,017
Due at closing
- Down payment (20%)$690,000
- NYS “mansion tax” (1.5%)$51,750
- Mortgage recording tax (1.925%)$53,130
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.
Location & Nearby
Map
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98 Prospect Place
Subway
- 23Bergen StAbout 4 min walk
- BQ7 AvAbout 4 min walk
- 23Grand Army PlazaAbout 8 min walk
- 2345BDNQRAtlantic Av-Barclays CtrAbout 11 min walk · Accessible
Parks
- Dean PlaygroundAbout 4 min walk
- South Oxford ParkAbout 8 min walk
- Cuyler Gore ParkAbout 12 min walk
Public schools · Elementary schools
- P.S. 282 Park SlopeAbout 6 min walk
- P.S. 133 William A. ButlerAbout 9 min walk
- Public School 9 The Sarah Smith Garnet SchoolAbout 11 min walk
Middle schools
- M.S. K266 - Park Place Community Middle SchoolAbout 3 min walk
- Bridges: a School for Exploration and EquityAbout 6 min walk
High schools
- Design Works High SchoolAbout 6 min walk
- Brooklyn High School of the ArtsAbout 12 min walk
Museums
- Museum of Contemporary African Diasporian ArtsAbout 12 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 Park Slope
Brooklyn's premier brownstone neighborhood offering architectural grandeur, top schools, and Prospect Park living.
Walkability
9/10
Public transit
8/10
Schools
10/10
Dining
9/10
Groceries & parks
10/10
Schools in Park Slope
Multiple acclaimed private and public schools combined with strong parent demand make this one of Brooklyn's top education neighborhoods. Nearby Brooklyn Heights adds access to Packer Collegiate and St. Ann's.
Private schools in the area include Berkeley Carroll School, Packer Collegiate Institute, St. Ann's School, Poly Prep Country Day School, Brooklyn Friends School, Saint Saviour Catholic Academy.
Similar homes in Park Slope
Gallery
Property Photos
Listing Courtesy of Compass
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.