Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
502 PROSPECT Avenue

For Sale · Listing by Corcoran Group

502 PROSPECT Avenue

Windsor Terrace, Brooklyn

$2,975,000

Interested in this property?
Active For Sale Multi Family

$2,975,000

$742 per sq ft

502 PROSPECT Avenue

Windsor Terrace, Brooklyn

MLS® #RLS20114368

RLS at REBNY

Listing by Corcoran Group

Open House Scheduled

Sunday, September 13 • 1:00 PM – 2:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

7
Bedrooms
4
Baths
4,012
Sq. Ft.
1920
Year Built

Quick Summary

Bedrooms 7
Bathrooms 4
Living Area 4,012 sq ft
Lot Size 1,600 sq ft
Year Built 1920
Ownership None
Property Taxes $7,596/yr
Neighborhood Windsor Terrace
Floor 1 of 3

Property Highlights

  • Views: Other
  • Climate Control: Other
  • Character: Pre-war building (1920)

Property Details

Type Multi Family
Ownership None
Total Rooms 12
Baths 4 Full
Floor 1 of 3
View Other
Cooling Other
Pets Yes
Year Built 1920
Living Area 4,012 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,600 sq ft
Parcel # 00871-0015
Block/Lot 00871/0015

Listing History

Event Date Price Change
Listed Sep 10, 2026 $2,975,000 -
Currently Sep 11, 2026 $2,975,000 -

Description

In the heart of Windsor Terrace, this beautifully maintained three-unit townhouse offers grand proportions, a flexible layout, and an exceptional location. Measuring approximately 20 x 58 feet and offering more than 4,000 square feet across four floors, the home is currently configured with a generous lower duplex and two spacious two-bedroom apartments above. The fabulous layout maximizes living space as well as income potential! The duplex has its own private entrance on the lower level and has been thoughtfully renovated throughout. On the upper floor, you'll find the main living space and primary bedroom suite. A wall of south-facing windows fills the open living and dining area with wonderful natural light, while a glass door leads directly to the charming back garden. With plenty of room for both living and dining, the space feels open, airy, and inviting. The custom kitchen offers abundant work and storage space, with cabinetry and open shelving extending all the way to the ceiling. Stainless steel appliances include a Bosch microwave, Liebherr refrigerator, Miele dishwasher, and Avanti range. Pass through the welcoming upper foyer to the generously proportioned primary bedroom. Large windows bring in lovely light, while a full wall of closets provides excellent storage. The renovated en suite bath features a walk-in shower and clean, modern finishes and fixtures. A stackable washer/dryer is conveniently located just outside the bedroom, and rich hardwood floors run throughout the floor. The lower level offers two additional bedrooms-one currently used as a family room/den-as well as a full bath with a charming clawfoot tub and separate walk-in shower. There is also a dedicated home office area and an impressive amount of thoughtfully designed built-in storage. Ductless mini-splits provide cooling throughout the duplex. The upper two floors each contain an exceptionally roomy floor-through two-bedroom apartment. Both share the same well-designed layout, with split bedrooms, a large primary bedroom, a generously sized renovated kitchen with stainless steel appliances, a renovated bath, and an enormous walk-in closet with an in-unit washer/dryer. High ceilings, hardwood floors, and windows at both ends of each apartment bring in wonderful light and add to the sense of space. Set in the heart of Windsor Terrace, the house is just one block from Prospect Park West and its neighborhood shops, restaurants, and conveniences, one block from the subway, and only three blocks from Prospect Park. With more than 4,000 square feet, three substantial residences, a private garden, and an incredibly convenient location, this is a rare opportunity to own a truly versatile Brooklyn townhouse.

Features & Amenities

Interior Features

Smoke Free Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 3
Structure Townhouse

Financial Details

RE Taxes $7,596/yr ($633/mo)

Windsor Terrace borders Prospect Park on three sides and Green-Wood Cemetery to the west, creating a compact residential neighborhood of brick and limestone rowhouses, Victorian-era wood-frame homes, and prewar apartment buildings along Prospect Avenue, Seeley Street, and Vanderbilt Street. The F and G trains stop at 15th Street-Prospect Park and Fort Hamilton Parkway, providing connections to Downtown Brooklyn and Manhattan. Prospect Park's Parade Ground, the city's oldest recreational facility, sits at the neighborhood's southeastern edge.

Windsor Terrace Live Market Data

View Neighborhood

Active Listings

23

Median Asking Price

$935K

Median $/Sqft

$1,253

Avg Days on Market

N/A

New This Week

5

Price Reduced

13%

Sold (30 Days)

7

Median Sale Price

$1.15M

Live data from RLS at REBNY • Updated 9/11/26, 8:49 AM EST

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Location

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502 PROSPECT Avenue, Windsor Terrace, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1920
Year Built
106 years old
3
Floors
3
Residential Units
R5B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $204,120
Land Value: $35,400
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,600 SF
Building Area: 3,420 SF
Built FAR: 2.14
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $7,596, or roughly $633 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 4 full bathrooms.

The listed interior living area is 4,012 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $2,975,000 for 4,012 sq ft, the asking price per square foot is approximately $742. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20114368
First Listed: 9/10/2026
On Market: 9/10/2026
Price Changed: 9/10/2026
Contract Date: 9/10/2026

Listing Courtesy of Corcoran Group - Heather M McMaster

Listing Contact: (917) 803-4219

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/11/2026 at 12:49 PM UTC

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Windsor Terrace Market Update

7 sales last 30 days · $935K median · 3.3 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Windsor Terrace Borough Brooklyn
County Kings
Floor 1 of 3
Year Built 1920
First Listed 9/10/2026
Living Area 4,012 sqft
Annual Tax $7,596

Monthly Costs Estimate

Down Payment 20%

$595,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $633
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$37,188

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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