388 Prospect Avenue

$3,150,000
Price
10
Beds
5
Baths
1
1/2 Bath
4,309 Sq. Ft.
$731 / Sq. Ft.
4,309
Sq. Ft.
$731
per Sq. Ft.

Description

This 4,309-square-foot, 5-family residence at 388 Prospect Avenue, built in 1931, spans 25 feet by 60 feet on an 80-foot lot along Prospect Avenue, nestled between 7th and 8th Avenues in the heart of South Slope. This property is ideal for converting into premium condos within a highly coveted location, offering an array of possible configurations. Enjoy lofty ceilings on the three upper floors (9'8 - 9'11"), in addition to the windowed basement level, which has been excavated for added height of...This 4,309-square-foot, 5-family residence at 388 Prospect Avenue, built in 1931, spans 25 feet by 60 feet on an 80-foot lot along Prospect Avenue, nestled between 7th and 8th Avenues in the heart of South Slope. This property is ideal for converting into premium condos within a highly coveted location, offering an array of possible configurations. Enjoy lofty ceilings on the three upper floors (9'8 - 9'11"), in addition to the windowed basement level, which has been excavated for added height of 7'3". An existing sprinkler system enhances safety and convenience. Embrace the quintessential Brownstone Brooklyn lifestyle with effortless access to the vibrant shopping, dining, and transit hubs of Prospect Park West, all a short stroll away. Just minutes on foot, Prospect Park serves as a tranquil oasis, offering a serene retreat from urban life. The neighborhood also boasts a strong sense of community with local events, farmers' markets, and cultural festivals. For those who commute, multiple subway lines and bus routes are conveniently nearby, providing seamless connectivity to the rest of Brooklyn and Manhattan. With a blend of urban convenience and suburban tranquility, 388 Prospect Avenue is an ideal place to live and invest.

Property Details for 388 Prospect Avenue

Zoning
R5B
Architectural Style
Prewar
LISTING UPDATED: 11/01/2024 01:31 PM

Property Details for 388 Prospect Avenue

StatusActive
MLS IDOLRS-0096447
Days on Market151
Taxes$595 / month
Maintenance-
Min. Down Pymt-
Total Rooms25.0
Compass TypeMulti Family
MLS TypeHouse/Building
Year Built1931
Lot Size2,000 SF / 25' x 80'
CountyKings County

Building

388 Prospect Ave

6 Units3 StoriesBuilt in 1931

Building Information for 388 Prospect Avenue

Stories3Residences6Year Built1931Building Size25' x 60'Building Sq. Ft4,500 SFLot Size2,000 SF / 25' x 80'Building Age-Building Type-

Property Information for 388 Prospect Avenue

Summary
Location and General Information
  • Subdivision Name: Park Slope
  • Cross Street: 7th Avenue/8th Avenue
  • Stories Total: 3
Taxes and HOA
  • Tax Lot: 18
  • Tax Block: 869
  • Building Tax Lot: 18
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 4309.0
  • Building Area Total: 4309.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 25.00 x 80.00
  • Living Area Units: SquareFeet
  • Foundation Area: 0.0
Building Information
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: Yes
  • Common Interest: None
  • New Construction: No
  • Structure Type: MultiFamily, WalkUp
  • Property Condition: Good
Interior and Exterior Features
Interior Features
  • ElevatorsTotal: 0
  • Size Dimensions: 25.00 x 60.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: No
  • Attendance Type: None

Property History for 388 Prospect Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 388 Prospect Avenue

Taxable ValueLand$27,000Additions$671,760Total$698,760
Home Facts
Total Finished SqFt4,308 SqFtLot Size2,004 SqFtYear Built1931ZoningR5BAPN3008690018

Schools near 388 Prospect Avenue

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Jhs 88 Peter Rouget
Public6 to 8

Cyberarts Studio Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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388 Prospect Avenue is a multi-family home for sale in Park Slope. This property was listed for sale on June 19, 2024 by Garfield Realty Corp, it's currently listed at $3,150,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S.10 Magnet School for Math, Science & Design Technology, Jhs 88 Peter Rouget and Cyberarts Studio Academy. 388 Prospect Avenue is a 10-bed, 5.5-bath, 4,309 sqft multi-family home built in 1931.

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Listing Courtesy of Garfield Realty Corp

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.