Four years since developer Sterling Town Equities filed permits for a new boutique condominium in Prospect Heights, sales have launched at 529 Park Place. The modest building fits in beautifully with its surroundings by virtue of height – five stories—and red brick façade with distinct metal window frames designed by Issac & Stern.
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Only two units per floor allows for a tranquil atmosphere. Inside, all eight apartments feature interiors by Penelope Kim, abundant natural light, and views of townhouses and tree-lined streets. The kitchens are outfitted with high-end appliances, honed marble subway tile backsplashes, quartz countertops, and custom white cabinetry. All units feature private balconies except a duplex, which includes a private patio and separate private garden.
Current availabilities include a one-bedroom for $719K, a two-bedroom for $1.2 million, and a one-bedroom duplex for $1.25 million. At an average price of $1,064 per square foot, the new building comes in slightly below the Prospect Heights condo median price of $1,219 per square foot (figures per CityRealty listings). A recently accepted offering plan lists a $9.33 million sellout.
Floor plans via Halstead
Residential amenities include an intercom, package room, and gym with cardio and strength equipment. While there is no children’s playroom, 529 Park Place is across the street from the recently revamped Stroud Playground. Residents of all ages will appreciate living only four blocks from Prospect Park, Brooklyn Museum, and Brooklyn Botanic Garden, not to mention a short distance from a multitude of popular dining options. The Franklin Avenue 2/3/4/5 subway station is five blocks away.
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