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Prospect Heights

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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

b
d
n
q
r
2
3
4
5

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

Neighborhood Attractions

Brooklyn Museum
Brooklyn Botanic Garden
Cataldos
Underhill Playground
The Way Station
Zaytoons
Hot Bird
Woodwork
Grand Army Plaza Greenmarket

Dan Marks

Partner
All
All Asset Types
Development
Industrial/Office

Mike Hernandez

Vice President
All
Industrial/Office

Peter Schubert

Managing Director, Retail Leasing
Retail Leasing

Prospect Heights Transactions

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
Mixed-Use
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
Leased
Retail
Leased

634 Dean Street

Prospect Heights

Sold
Development
Sold

650-654 Bergen Street

Prospect Heights

$2,700,000

22270 BSF Prospect Heights Sold
Sold
Development
Sold

653 Bergen Street

Prospect Heights

$4,789,400

16985 Proposed Bldg SF Prospect Heights
Leased
Retail
Leased

166 Flatbush Avenue

Prospect Heights

38' Frontage 7400 SF Barclays Center Area Leased
Sold
Development
Sold

949 Pacific St

Prospect Heights

$1,585,000

4000 BSF Prospect Heights Sold
Leased
Retail
Leased

245 Flatbush Avenue

Prospect Heights

145' Frontage Barclays Center Area Leased Prospect Heights
See All Listings >

Related Neighborhoods

Clinton Hill
Downtown Brooklyn
DUMBO/Vinegar Hill
Fort Greene

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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Brooklyn, NY 11238
718.768.6888
info@terracrg.com

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