THE CONDO BOOK PROJECT

736 Prospect Place Condominium

736 Prospect Place, Brooklyn, NY 11216

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Overview

Units
6 residential
Subway
6 min walk to Park Pl SNostrand Av 3, 9 min
Principals
Zihang Chen
Average $/sf
$1,268Homes in Schedule A, as first offered
Common charges
$344–$689 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 to December 31, 2026
Offering price
$6.11 million total $6.34 million when first offered

The sponsor of record is Hello Prospect LLC, represented by Eial Girtz, PC. The offering plan runs 298 pages. The sponsor has filed 1 amendment, the latest in April 2026. The nearest other condo plan on file is 727 Prospect Place Condominium, next door.

Plan CD250058 · New · accepted Aug 14, 2025 · AG record ↗

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FigureThis building1157 Rogers25 units · 0.1 miaccepted 2025184 Hawthorne38 units · 1.2 miaccepted 2025
Common ChargesPer Square Foot / Month$0.55Below peers$0.90$0.62
Average Offering PricePer Apartment$1.06MAbove peers$922,000$1.02M
Average PricePer Square Foot$1,268In line$1,288$1,243
Property TaxesPer Square Foot / Month$0.27Lowest$0.47$1.05
Average Unit SizeSquare Feet833 SFLarger716 SF820 SF

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Unit mix, closings, budgets, finishes and the team, against 157 Rogers and 184 Hawthorne, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed67% of the homes in Schedule A4 of 6
Closing prices vs. Schedule A4 homes: $3,663,000 at closing against $3,843,000 in Schedule A (p. 40)−4.7%
Average closing price4 homes, on their Schedule A square feet$1,245 / SF
Closingsfirst and latest recordedAug 21, 2026 – Sep 3, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 4 closings
HomeRecordedClosing priceSchedule ADifference
3BAug 21, 2026$749,000$729,000 p. 40+2.7%
2AAug 25, 2026$695,000$695,000 p. 400%
2BAug 28, 2026$729,000$729,000 p. 400%
1Sep 3, 2026$1,490,000$1,690,000 p. 40−11.8%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Hello Prospect LLC
Principals
Zihang Chen
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
States Capital$1.53 million loan stated in the plan

From our research: Do NYC Developers Rehire the Same Firms?

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