Price cut
$3,450,000
7 bd · 4 ba · 4,500 sqft
98 Prospect Pl, Brooklyn, NY 11217
Townhouse · Built 1899 · $767/sqft ·
$20,296/mo est. payment
Flood factor 1/10
About this home
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 cafes, 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.
Facts and features
Bedrooms
- Bedrooms: 7
Other Rooms
- Total Rooms: 13
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Total Floors in Building: 3
Other Property Info
- Source Listing Status: for sale
- Availability Date: 2026-11-03
- Source Property Type: resale
- Inclusions: Dishwasher
- Property Subtype: townhouse
- Source Neighborhood: Park Slope
- Property Subtype: townhouse
Building and Construction
- Total Square Feet Living: 4500
- Year Built: 1899
- Property Age: 127
Schools
- 8
Ps 282 Park Slope
elementary · K-5 · 0.2 mi
Ps 77
elementary · K-12 · 0.1 mi
Berkeley Carroll School
elementary · PK-12 · 0.2 mi
- 6
Ms 266 Park Place Community Middle School
middle · 6-8 · 0.1 mi
Park Slope Christian Academy
elementary · K-8 · 0.2 mi
International School of Brooklyn
elementary · K-8 · 0.3 mi
Price history
- Nov 6, 2026 · Listed$3,450,000
Where it is
Listed by Paul Hyun · Compass · Compass
