Home to some of the borough’s most beloved institutions–the Brooklyn Museum, the Brooklyn Public Library, and the Brooklyn Botanic Gardens–Prospect Heights also hosts street after street of picturesque brownstones and cozy walk-ups. The western end of the neighborhood has seen a great deal of development in the last several years as buyers have bled over from the neighboring Park Slope.
Carefully renovated townhouses and a handful of luxury elevator buildings dominate the scene near Flatbush Avenue, and bustling Vanderbilt Avenue is quickly developing an upscale commercial district. The eastern section of Prospect Heights offers more bargains, including fixer-uppers and modest apartments, as well as commercial opportunities to serve the rapidly-growing population there. Residents enjoy good access to the Subway’s 2, 3, 4, 5, and Q trains, and Park Slope’s shopping district on Seventh Avenue is just a few blocks away.
Prospect Heights available real estate is predominantly 19th century townhouses and brownstones, with a couple older apartments and new developments thrown into the mix. Brownstones and townhouses are around $1M, but condos can be found in the $300-500K range (and beyond). Renting is less expensive than nearby Park Slope, with studios at a median pice of $1400/mo and 1Brs at $1925/mo. Renters can appreciate the joys of historic detailing without committing to a huge mortgage.