About this home

Inquire for setup sheet and interior photos. 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. 914 Prospect Pl. Overview: Annual Income: $207,951 (super occupies 1 free-market unit) Annual Operating Expenses: $43,738 Net Operating Income (NOI): $164,214 Cap Rate: 4.38% 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, cafes, 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.

Facts and features

Schools

• Ps 289 George V Brower

  elementary · K-5 · 0.2 mi

  5

• The School Of Integrated Learning

  middle · 6-8 · 0.5 mi

  10

• Hebron Seventh-Day Aventist Bilingual

  elementary · PK-8 · 0.1 mi

• Uncommon New York City Charter #1

  elementary · 0.3 mi

• St Gregory The Great School

  elementary · PK-8 · 0.2 mi

• The Cush Campus Schools

  elementary · K-7 · 0.3 mi

Price history

• Nov 4, 2026 · Listed$3,750,000
• Jan 3, 2024 · Listing Removed—
• Dec 5, 2023 · Listed For Rent$3,250
• Aug 17, 2020 · Listing Removed—
• Jul 17, 2020 · Listed For Rent$2,700
• Nov 8, 2018 · Listing Removed$2,500
• Oct 31, 2018 · Listed For Rent$2,500
• Feb 11, 2015 · Listing Removed$2,425

Tax history

• 2026$7,665 tax · $675,900 assessed
• 2025$7,062 tax · $675,900 assessed
• 2024$7,133 tax · $761,400 assessed
• 2023$6,780 tax · $792,900 assessed
• 2022$6,262 tax · $808,650 assessed
• 2021$5,814 tax · $728,100 assessed
• 2020$5,474 tax · $797,850 assessed
• 2019$4,960 tax · $765,900 assessed

Where it is