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Brooklyn Multifamily Brownstone Opportunity

1073 Prospect Place Brooklyn, NY 11213

Claim this Listing
Pending
$1,700,000

MULTI_FAMILY - Brooklyn, NY

Property size:
3,000 SF
Lot size:
0.05 Acres
Added:
Mar 24, 2026
Days on Market:
113
Last Refresh:
Jul 14 at 10:06 am

Property Features for 1073 Prospect Place

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Interior features
Entrance Foyer
Basement
Full
Standard status
Pending
APN
01230-0066
Size
3,000 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
6573

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public

Building Details

Year built
1901
Number of units
2
Building materials
Brick

Listing agent Keith McLaurin Jr

Listing office EXP Realty 70 E Sunrise Hwy Ste 500, Hauppauge, NY

Listing date Mar 24, 2026

MLS# 977507 Listing URL

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in the heart of Crown Heights, Brooklyn, 1073 Prospect Place is a multifamily brownstone situated close to the Brooklyn Museum. The property offers over 3,000 square feet of interior space. The lot size is approximately 0.0459 acres.

Key Highlights

  • Over 3,000 sqft of interior space.
  • Located in the heart of Crown Heights, close to the Brooklyn Museum.
  • Beautiful Brownstone.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $169.9k $56.64
− Vacancy −$3.4k −$1.13
EGI $166.5k $55.51
− OpEx −$74.9k −$24.98
NOI $91.6k $30.53
3,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.31M
$1.14M – $1.53M (±1% cap)
NOI $91,587 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M (±1% cap)
NOI $173,880 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Law Firm Dental Office Real Estate Agency Parking Lot & Garage Skin Care Clinic Acupuncture Nursing Home Nursing Home Auto Parts Store Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Crown Heights multifamily brownstone near Brooklyn Museum with open canvas.
Where is this multifamily property located?
The property is located at 1073 Prospect Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Over 3,000 sqft of interior space.; Located in the heart of Crown Heights, close to the Brooklyn Museum.; Beautiful Brownstone.
Contact an agent
More about this property
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