Sold Out: Six Condos at 736 Prospect Place in Crown Heights

Sold Out

Nov 1

An exterior image of 736 Prospect Place before construction began.

736 Prospect Place is a six-condo conversion of a three-story house on a quiet Crown Heights block, a short walk from Franklin Avenue. Every home is now sold or in contract, about 11 months after the first homes were listed.

Where Things Stand

All six homes at 736 Prospect Place are closed or in contract as of November 1, 2026: four have closed, and the penthouse and Residence 3A are in contract. The Attorney General accepted the offering plan on August 14, 2025. The first homes were listed in October 2025 and pulled, sales picked up again on February 14, 2026, the first contract was signed on April 28, 2026, and the last on September 28, 2026. That's about 11 months from first listing to last contract. Across the five other Brooklyn projects of 2 to 6 homes I've tracked to a sellout, the typical one took about three months, so this one moved slower than most. The sponsor is Hello Prospect LLC. Want to see upcoming projects by this sponsor? Reach out below.

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The Numbers So Far

As of November 1, 2026, from recorded sales and the last asking prices for the two homes still in contract:

Total sellout: about $6.06 million across six homes, about 1% below the $6.11 million projected in the amended offering plan
Garden duplex: two bedrooms and 2.5 baths, about 1,125 square feet on the main level plus a 485-square-foot lower level and a 631-square-foot private yard, sold for $1,499,999 (first asking $1,549,000)
Residences 2A and 3A: one-bedrooms of about 605 square feet. 2A sold for $695,000, and 3A is in contract at a last asking price of $695,000
Residences 2B and 3B: one-bedrooms of about 606 square feet with balconies. 2B sold for $729,000 and 3B sold for $749,000
Penthouse: a duplex with two bedrooms plus a flexible third room, 2.5 baths, about 1,452 square feet and a 436-square-foot terrace, in contract at a last asking price of $1,695,000 (first listed at $1,795,000)
Average price per square foot: about $1,140
Monthly costs: common charges plus taxes of about $510 to $530 for the one-bedrooms and about $1,020 for the two larger homes
Time to sell out: about 11 months from first listing to last contract, or about seven and a half months from the February 2026 relaunch
Compared with other new development in Crown Heights: about $1,140 per square foot here, against about $1,391 at 701 Prospect Place, $1,321 at 598 Sterling Place and $1,134 at 157 Rogers Avenue

Example sales: Residence 3B, a one-bedroom with a balcony, sold for $749,000, and Residence 2B, a one-bedroom, sold for $729,000.

Buying in a New Development?

New construction works differently than a resale: offering plans, sponsor contracts, closing costs and timelines all have their own rules.

Read my guide to buying a new development condo →

A Closer Look at the Building

The developer enlarged a three-story, two-family house into six condos: a garden duplex with a finished lower level and the building's biggest private yard, four one-bedrooms on the second and third floors (two with balconies), and a penthouse duplex with a large terrace and a second balcony. Finishes include wide-plank oak floors, Andersen windows, quartz kitchen counters and custom millwork, and every home has its own washer and dryer and its own water heater. There's a shared roof deck with skyline views. It's a walk-up, and the monthly costs are low for new construction.

Crown Heights Highlights

I sold an apartment across the street from 736 Prospect Place. It's a quiet residential block that's central to a lot: the Franklin Avenue and Washington Avenue corridors have restaurants, cafes and nightlife within walking distance, and there are great spots tucked into the corners near the building, like Kingstown Wine Bar & Cafe and Cafe Rue Dix. Prospect Park, the Brooklyn Museum, the Brooklyn Botanic Garden, Brower Park and the Brooklyn Children's Museum are all close.

The Franklin Avenue shuttle at Park Place, about a 7-minute walk. I find it very convenient for reaching Prospect Park.
The 3 and 4 at Nostrand Avenue on Eastern Parkway, about an 8-minute walk
The A and C at Nostrand Avenue, about 10 minutes on foot
The B44 Select Bus stops right on the block, an easy ride to Williamsburg

Katie's Take

I track every new development in Brooklyn, and here's how this one compares: 736 Prospect Place priced below most of the new Crown Heights condos I follow, and its one-bedrooms around $700,000 went into contract within days of listing, while the garden and penthouse duplexes needed price cuts and months on the market. That split says demand in this part of Crown Heights is deepest at the entry level, where a new one-bedroom with a washer and dryer and low monthlies is still rare. If you're shopping for a larger home nearby, there's more room to negotiate than those quick one-bedroom sales suggest, and 701 Prospect Place down the street is still selling.