The post we did earlier today about the Park Place teardown got us thinking about how vulnerable this area of Prospect Heights is. It has some incredibly beautiful blocks of townhouses that have two attributes that could make them targets: They tend to be a little smaller than the brownstones of Park Slope and Fort Greene and they tend to be on extra-deep (usually 130-foot) lots. And, or course, they’re not landmarked. The result is that many of these old buildings have unutilized FAR and no landmark restrictions to hinder a small developer who wants to squeeze out every last drop without concern for the aesthtic impact on the community. 273 Prospect Place is a case in point. It’s 16.5 feet by 40 feet but sits on a 131-foot-deep lot, so there’s 1,390 square feet of extra FAR kicking around. The deal just got a little more interesting, too, with a price cut from $1,650,000 to $1,575,000. Still a little pricey for the house that it is in this market but we fear that a developer could find a way to make the numbers work.
273 Prospect Place [Douglas Elliman] GMAP P*Shark