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Four-Story Multifamily Building
For Sale
Contact for pricing
Pending

447 Prospect Pl, Brooklyn, NY 11238

Four-story residential building with 8 units near Park Place Station, offering convenient access to area retail and transit.

Property Size9,000 SF
Days on Market122

Property Features for 447 Prospect Pl

General Information

Standard status Pending
Size 9,000 SF
Property subtype Retail

Additional Details

Multifamily Units 8

Building Details

Stories 4
Listing Agency: Venture Capital Properties
Listed By: Yona Golran · License #NY
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 2:54PM

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 Venture Capital Properties

Investment Insights

Based on property information with market context.

447 Prospect Place is a four-story residential building containing 8 residential units totaling nearly 9,000 square feet. The property is configured as multifamily housing and is suited for investors seeking an income-producing residential asset.

Located near the corner of Grand Avenue and Prospect Place in Prospect Heights, Brooklyn, the building is positioned for access to nearby retail and public transportation. Park Place Station is just blocks away.

With a compact unit count and a straightforward four-story layout, the property offers a manageable multifamily configuration for ownership and continued residential operations.

Key Highlights

  • Four‑story residential building with 8 residential units
  • Nearly 9,000 total square feet across the 8 units
  • Located near the corner of Grand Avenue and Prospect Place in Prospect Heights, Brooklyn

Property Analytics

Current Use

Sweet Dreams (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Auto Parts Store Accounting Firm Nursing Home HVAC Service Carpet & Flooring Store

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

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

6,181
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
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 - Four-story residential building with 8 units near Park Place Station, offering convenient access to area retail and transit.
Where is this apartment building located?
The property is located at 447 Prospect Pl Brooklyn, NY.
What are key features of this property?
This property features: Four‑story residential building with 8 residential units; Nearly 9,000 total square feet across the 8 units; Located near the corner of Grand Avenue and Prospect Place in Prospect Heights, Brooklyn
More about this property
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