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3-Story Walk-Up Multifamily
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1564 Prospect Pl, Brooklyn, NY 11229

Gut-renovated, front-back apartments in a 3-story walk-up with six total units and duplex potential.

Property SizeContact for details
Days on Market120

Property Features for 1564 Prospect Pl

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Alpha Realty NY
Listed By: Lev Mavashev · License #NY 10351208812
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 7:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alpha Realty NY

Investment Insights

Based on property information with market context.

This 3-story multifamily walk-up building contains six total apartments, with all units configured as front-back layouts. The property was completely gut-renovated in 2015/2016. Ground floor units can be duplexed into the basement, and rear unit options include a back porch with access to a yard.

The building is located in a qualified opportunity zone and within walking distance of the Ralph Ave and Utica Ave subway stations (C, 3, 4).

With its compact six-unit configuration and renovated interior, the asset offers flexible apartment arrangements, including duplexing possibilities tied to the ground floor and basement level.

Key Highlights

  • 3‑story multifamily walk‑up with 6 total apartments
  • All units are front‑back layouts
  • Building was completely gut‑renovated in 2015/2016

Property Analytics

Current Use

Prospect Place Hostel ... Hotel & Motel

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,457
Businesses Nearby

Demographics for 11229, NY

83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Gut-renovated, front-back apartments in a 3-story walk-up with six total units and duplex potential.
Where is this apartment building located?
The property is located at 1564 Prospect Pl Brooklyn, NY.
What are key features of this property?
This property features: 3‑story multifamily walk‑up with 6 total apartments; All units are front‑back layouts; Building was completely gut‑renovated in 2015/2016
More about this property
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