Prospect Heights at a Glance
Anchored by Barclays Center on one end, and Prospect Park on the other, Prospect Heights encompasses one of the most unique locations in all of Brooklyn. Throw in the Brooklyn Museum on the third corner of this trapezoidal-shaped neighborhood and you have one of the best-kept secrets in Brooklyn. But the secret is a secret-no-longer as many new low-rise condominium projects are sprouting and young families are eagerly acquiring their first Brooklyn homesteads. The neighborhood has three major retail corridors, Flatbush Avenue, Vanderbilt Avenue, and Washington Avenue. A few of the local attractions in Prospect Heights include Ample Hills Creamery, Olmstead, Morgan’s Brooklyn Barbeque, Milk Bar, Woodwork and more! The area is serviced by the 2, 3, 4, 5, B, D, N, Q, R and the LIRR.
Pacific Park - home to one of largest development projects in New York — 15 mixed-use buildings comprised of 8 million SF built over and around the Long Island Railroad lines of Atlantic Terminal
Prospect Heights is predominantly a residential neighborhood comprised of 4-6 story multifamily and mixed-use buildings
Residential Market: 2018
Avg Residential Rent
$3,373
Avg Price for Condo Sellouts
$1,516,000
Approx No. of Residential Units in the Development Pipeline
408
Avg Price/Unit for 2-4 Family Building Sales
$362,500
Investment Sales: 2018
Total Dollar Volume of Investment Sales
$272,327,000
Avg Multifamily Sale PPSF
$531
Avg Retail/Mixed-Use Sale PPSF
$902
Additional Demographics: 2015
Avg Household Income
$103,686
Total Population
83,765
Transportation
Subways
Other Transportation
Long Island Rail Road
Neighborhood Vibes
Prospect Heights is filled with a variety of locally-owned bars, restaurants and cafés alone with some of Brooklyn’s most prominent attractions including the Barclays Arena, home to the professional sports franchises Brooklyn Nets, New York Islanders and hundreds of top tier concert shows every year.
Pacific Park
Construction is underway and four of the 15 buildings have topped out in this dramatic neighborhood addition that will create over 6,000 residential units.
Vanderbilt Avenue
One of Brooklyn's hidden gems -- filled with specialty retail, restaurants and cafes
