406 Prospect Place Condominium
406 Prospect Place, Brooklyn, NY 11238
Overview
406 Prospect Place is a 2-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted October 2023 · 319 pages
- Finishes: 8'6" ceilings, hardwood floors, marble kitchen countertops, flat panel cabinets, Fulgor Milano and Bosch appliances, a washer and dryer in each apartment, Rbrohant bathroom fittings and split-system units for heating and cooling
- Prices: $1,502 a square foot on average, as first offered; $3.15 million in all ($3.05 million when first offered)
- Sponsor: Grand Prospect Group LLC, represented by Marans Newman Tsolis & Nazinitsky LLC; principals Shlomo Avdoo and Robert Loheit
- Neighborhood: Crown Heights, Brooklyn
- Subway: 6-minute walk to Park Pl (S); 9 minutes to Eastern Pkwy-Brooklyn Museum (2, 3)
- Amendments: 2, the latest in August 2024
- Other filings: NA160150 (no-action filing, filed 2016)
- Units
- 2 residential · 1 commercial
- Neighborhood
- Crown Heights, Brooklyn
- Subway
- 6 min walk to Park Pl SEastern Pkwy-Brooklyn Museum 2 3, 9 min
- Principals
- Shlomo Avdoo, Robert Loheit
- Average $/sf
- $1,502Homes in Schedule A, as first offered
- Offering price
- $3.15 million total $3.05 million when first offered
- SubmittedNovember 2023
- AcceptedOctober 2023
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Apr 30, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Nov 28, 2023
Plan declared effective with one unit sold; roof terrace reassigned to Unit 3 as limited common element; budget and Schedule A revised.
- Plan declared effective; one unit (Unit 2) purchased, representing 33% of units
- Main building roof common area reduced from 630.79 to 105.20 square feet
- 525.6 square foot private roof terrace added to Unit 3 as Limited Common Element
- First Year Budget corrected for insurance
- Commercial Unit's Square Footage corrected in revised Schedule A
- Common Interest Percentages updated per Real Property Law Section 339-i
- Offering term extended by six (6) months from amendment filing date
Team
- Sponsor
- Grand Prospect Group LLC
- Principals
- Shlomo Avdoo, Robert Loheit
- Tax estimate
- Property Tax ProfessionalPrepared the first-year real estate tax projection
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 630 Grand Avenue Condominiumnext door · 32 units · 2025
- 373 Prospect Place Condominiumnext door · 6 units · 2022
- Villas At Prospect Place0.1 mi · 6 units · 2017
- 457 Prospect Place Condominium0.1 mi · 8 units · 2007
- 655 Washington Avenue Condominium0.1 mi · 10 units · 2 parking · 2008
- 349 Prospect Place Condominium0.1 mi · 6 units · 2021
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