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Prospect Heights

  • Market Data
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Prospect Heights at a Glance

Anchored by Barclays Center, Prospect Park, and the Brooklyn Museum on each end of this trapezoidal-shaped neighborhood, you have one of the best-kept secrets in Brooklyn. Of course, the secret is out with many new condominium projects sprouting up and young families eagerly acquiring their first Brooklyn homesteads. The neighborhood has three major retail corridors along Flatbush, Vanderbilt, and Washington Avenues.

The total dollar volume in 2021 was $49,703,013

The average Multifamily P/PSF in 2021 was $434

Residential Market: 2020

Avg Residential Rent

$2,650

Avg Price for Condo Sellouts

$1,100,000

Investment Sales: 2021

Total Dollar Volume of Investment Sales

$49,703,013

Avg Industrial PPSF

$651

Avg Multifamily Sale PPSF

$434

Avg Mixed-Use Sale PPSF

$399

Avg Development Site Sale PPBSF

$341

Additional Demographics: 2020

Avg Household Income

$90,000

Total Population

22,728

Transportation

Subways

b
d
n
q
r
2
3
4
5

Other Transportation

Long Island Rail Road

Neighborhood Vibes

Prospect Heights boasts a variety of locally-owned bars, restaurants, and cafés alongside some of Brooklyn’s most prominent attractions including Barclays Center, which is home to the Brooklyn Nets and features dozens of top tier events every year.

Brooklyn Museum

New York City's third-largest art museum features approximately 1.5 million works of art.

Vanderbilt Avenue

One of Brooklyn's hidden gems, this neighborhood retail corridor is filled with specialty shops, restaurants, and cafes.

Neighborhood Attractions

Brooklyn Museum
Barclays Center
Underhill Playground
Hot Bird
Grand Army Plaza Greenmarket

Dan Marks

CEO
All
All Asset Types
Industrial/Office

Mike Hernandez

EVP Business Development & Partner
All
Marketing

Peter Schubert

Managing Director, Commercial Leasing
Commercial Leasing

Prospect Heights Transactions

Leased
Retail
Leased

634 Dean Street

Prospect Heights

Prospect Heights retail space for lease
Sold
Mixed-Use
Sold

556 Vanderbilt Avenue

Prospect Heights

Mixed-Use Prospect Heights
Sold
Mixed-Use
Sold

731 Washington Avenue

Prospect Heights

Mixed-Use Prospect Heights
Leased
Retail
Leased

463 Sterling Place

Prospect Heights

Prospect Heights retail
Leased
Retail
Leased

461 Sterling Place

Prospect Heights

Prospect Heights retail
Leased
Retail
Leased

285 Flatbush Avenue

Prospect Heights

1450 SF Flatbush Ave retail
Sold
Commercial
Sold

603 Bergen Street

Prospect Heights

PPSF: $520
$5,200,000

Cash-Flowing Commercial
663 Vanderbilt - Retail for Lease - TerraCRG Brooklyn Commercial Real Estate - Peter Schubert - Ofer Cohen - Abbie Cheng
Leased
Retail
Leased

663 Vanderbilt Avenue

Prospect Heights

Leased
Retail
Leased

448 Dean Street

Prospect Heights

700 SF Barclays Center Area
Sold
Sold

267 Flatbush Avenue

Prospect Heights

PPSF: $919
$9,750,000

Leased
Retail
Leased

594 Pacific Street

Prospect Heights

15' Frontage 1500 SF Barclays Center Area Leased
Sold
Development
Sold

650-654 Bergen Street

Prospect Heights

$2,700,000

22270 BSF Prospect Heights Sold
See All Listings >

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Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >
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634 Dean Street
Brooklyn, NY 11238
718.768.6888
info@terracrg.com

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