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Sold for $800,000
  • $800,000

    1685 Park Pl, Brooklyn, NY 11233

    5beds
    2,970sqft
    MultiFamily
    Built in 2002
    -- sqft lot
    $1,264,300 Zestimate®
    $269/sqft
    $3,029 Estimated rent

    Home value

    $1,264,300

    $1.14M - $1.40M

    $3,029/mo

    Zestimate® history
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    $3,029/mo

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    $4,701/mo

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    What's special

    Exceptional Live/Invest Opportunity: Choose to have a high income producing rental or an excellent investment property at a rare 6%+ cap ratio - take your pick! 1685 Park Place is a three story, two family with parking! Configured as an upper 3-bed;2-bath duplex w/washer;dryer and dishwasher over a 2-bed; 1-bath rental, the home offers a great opportunity for an owner to spread out across a large upper duplex with access to the backyard from a sizeable deck and rent the ground floor 2-bed or rent the entire property. Both apartments offer spacious floor plans due a building built size of 22ft wide x 45ft deep and sits on an extraordinarily rare deep lot 128 ft deep. Bring your contractor to assist with a modest cosmetic renovation consisting of updating appliances, removal of carpeting and painting. Once complete, reap the reward of a projected rent roll of $72,000 pr/yr. Located in trendy and historic Weeksville, benefit from close proximity to neighborhood conveniences including supermarkets, banks and access to 2,3,4 trains at Utica Avenue Station.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Included: Dishwasher, Dryer, Washer
    Interior area
    • Total interior livable area: 2,970 sqft

    Property

    Lot
    • Size: 2,556 Square Feet
    Details
    • Parcel number: 014620168
    • Zoning: R6

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 2002

    Utilities & green energy

    • Electric: Other

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $269/sqft
    • Tax assessed value: $1,057,000
    • Annual tax amount: $7,307

    Price history

    DateEventPrice
    7/18/2023Sold$800,000-11%$269/sqft
    Source: Public Record Report a problem
    3/31/2022Pending sale$899,000$303/sqft
    Source: BNYMLS #457577 Report a problem
    12/3/2021Price change$899,000+5.8%$303/sqft
    Source: BNYMLS #457577 Report a problem
    2/22/2021Pending sale$849,500$286/sqft
    Source: Compass Report a problem
    12/8/2020Price change$849,500-2.9%$286/sqft
    Source: Compass Report a problem
    9/23/2020Listed for sale$875,000+9.4%$295/sqft
    Source: Compass Report a problem
    8/17/2020Listing removed$799,999$269/sqft
    Source: Top Nest Inc #441048 Report a problem
    7/30/2020Listed for sale$799,999-11%$269/sqft
    Source: Top Nest Inc. Report a problem
    10/12/2019Listing removed$899,000$303/sqft
    Source: Compass Report a problem
    9/18/2019Listed for sale$899,000$303/sqft
    Source: Compass Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,307 +4.7%$63,420 +18.9%
    2024$6,977 $53,340 -1.8%
    2023-- $54,300 +6.5%
    2022-- $51,000 +16.4%
    2021-- $43,800 -17.5%
    2020$5,458 +14.4%$53,100 -1.6%
    2019$4,770 -16.5%$53,940 +97.5%
    2018$5,713 +8.8%$27,311 +6%
    2017$5,252 +84.2%$25,766
    2016$2,851 $25,766 +0.8%
    2015$2,851 +449.4%$25,572 +6%
    2014$519 $24,125 +6%
    2013-- $22,760 +6%
    2012-- $21,472
    2011-- $21,472 +0.8%
    2010-- $21,311 +6%
    2009-- $20,105 +6%
    2008-- $18,967 +6%
    2007-- $17,894
    2006-- $17,894
    2005-- $17,894
    2004-- $17,894 +2.6%
    2003-- $17,440
    Find assessor info on the county website

    Neighborhood: Crown Heights

    Nearby schools

    GreatSchools rating