Rendering credit IMC Architecture
Over the course of the Brooklyn building boom, which shows no signs of ebbing, locals have become distrustful of high-profile developers hoping to bring towering, architecturally mundane buildings to their beloved neighborhoods. However, 550 Prospect Place, situated at the cusp of Crown Heights and Prospect Heights, offers a more interesting option. Permits list the owner as Steven Hurwitz, founder and CEO of the Brooklyn-founded and focused CAVU Property Group. Brooklyn-based IMC Architecture is listed as the designer of record for the seven-story building, which presents a contemporary take on classic Brooklyn architecture. An affordable lottery took place for 13 units from $1,849/month earlier this summer, and leasing is underway on the market-rate units.
All images of 550 Prospect Place via MNS
Google Earth aerial showing the Crown Heights-Prospect Heights location of 550 Prospect Place
All units feature interiors by StudiosC, gracious living space, central heating and air conditioning, and kitchens with stainless steel appliances that include a dishwasher. All one- and two-bedroom units have washer/dryers, and select apartments have private outdoor space.
A studio is listed for $2,900/month, and one-bedrooms start at $3,163/month. All prices are net effective to reflect an offer of one month free rent on a 12-month lease. As CityRealty listings show, the concession puts them right in line with the Prospect Heights median rent of $2,886/month for studios, but still well above the one-bed median of $2,500/month.
Amenities via StudiosC
Residential amenities at 550 Prospect Place include a business center, lounge, gym, pet spa, laundry room, storage, and roof deck with grilling, dining, and lounging areas. Between the building’s bike room, garage parking, and the nearby 2, 3, 4, 5, C, and S trains, there is no shortage of ways to get around. It is well situated between the dining options of Franklin and Nostrand Avenues, and a short distance from Prospect Park, the Brooklyn Museum, Brooklyn Botanic Garden, and the Brooklyn Library.
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