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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
16 active listings · Median $850K
Calculating market narrative...
A mixed-stock submarket with moderate rent growth and sale values below the 5-year high.
Median asking rent in Prospect Park South is $2,990/month, $360 below the 5-year high set in Jul 2025. Rents are up +4.9% year over year and +32.9% over the past 5 years. Median sale price stands at $850K, 75.1% below the 5-year high recorded in Sep 2023. Sale listings are clearing 12 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Jun 2026.
Prospect Park South is a designated New York City historic district featuring over 200 architect-designed homes in Queen Anne, Tudor Revival, Colonial Revival, and Italianate styles, many with spacious front yards and original period details. The B and Q trains stop at Parkside Avenue and Prospect P...
In my 25+ years selling real estate across New York City, I use this Prospect Park South data in real negotiations, not just for a web page.
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 27 |
| Pending Sales | 10 |
| New This Week | 0 |
| New This Month | 1 |
| Avg DOM | 50 days |
| Price Cut Rate | 11.1% |
| Recent Sales | |
| Sold Last 30 Days | 6 |
| Sold Last 90 Days | 16 |
| Sale-to-List | -- |
| Asking Prices | |
| Median Asking | $850,000 |
| Average Asking | $1,116,063 |
| Median $/SqFt | $973 |
| Median Condo | $625,000 |
| Median Co-op | $615,000 |
Based on active listings in Prospect Park South
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 1 | $430,000 | $430K - $430K |
| 1 Bedroom | 7 | $580,000 | $509K - $720K |
| 2 Bedrooms | 4 | $904,500 | $850K - $920K |
| 3+ Bedrooms | 4 | $2,550,000 | $725K - $3.95M |
View active listings by size:
Properties in Prospect Park South
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
Transactions closed
Active in Brooklyn
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Prospect Park South buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
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The median sale price in Prospect Park South is $850K. Condos sit at a median of $625K and co-ops at $615K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Prospect Park South is currently 75.1% below the 5-year high recorded in September 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Prospect Park South have a median of 50 days on market. That is 12 days slower than the same point a year ago. Roughly 11.1% of active listings have recorded a price cut, suggesting some negotiating room.
Prospect Park South is broadly balanced right now, with median days on market at 50 days and 11.1% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Prospect Park South offers both co-ops and condos. The two segments price similarly, with condos at a $625K median and co-ops at $615K.
Roughly 5 homes change hands each month in Prospect Park South across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Prospect Park South is $2,990/month. Rents are up 4.9% year over year.
Median asking rent in Prospect Park South is currently $360 below the 5-year high set in July 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Prospect Park South has risen 32.9% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Prospect Park South, median sale prices range across Prospect Lefferts Gardens at $1.6M, Windsor Terrace at $1.1M, Ditmas Park at $976K, Flatbush at $872K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Prospect Park South is served by the Bus service. The commute to Midtown Manhattan runs roughly 106 minutes from Nearest bus stop.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Prospect Park South, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.
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Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Prospect Park South, I will guide you every step of the way.
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