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.
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
Owner options
List your home for rent
$3,029/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,029/mo
Rent Zestimate®
Refinance and save
$4,701/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,701/mo
Est. payment
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List your homeWhat's special
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
| Date | Event | Price |
|---|---|---|
| 7/18/2023 | Sold | $800,000-11%$269/sqft |
Source: Public Record Report a problem | ||
| 3/31/2022 | Pending sale | $899,000$303/sqft |
Source: | ||
| 12/3/2021 | Price change | $899,000+5.8%$303/sqft |
Source: | ||
| 2/22/2021 | Pending sale | $849,500$286/sqft |
Source: Compass Report a problem | ||
| 12/8/2020 | Price change | $849,500-2.9%$286/sqft |
Source: Compass Report a problem | ||
| 9/23/2020 | Listed for sale | $875,000+9.4%$295/sqft |
Source: Compass Report a problem | ||
| 8/17/2020 | Listing removed | $799,999$269/sqft |
Source: Top Nest Inc #441048 Report a problem | ||
| 7/30/2020 | Listed for sale | $799,999-11%$269/sqft |
Source: Top Nest Inc. Report a problem | ||
| 10/12/2019 | Listing removed | $899,000$303/sqft |
Source: Compass Report a problem | ||
| 9/18/2019 | Listed for sale | $899,000$303/sqft |
Source: Compass Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Nearby schools
GreatSchools rating
- 8/10Ps 191 Paul RobesonGrades: PK-5Distance: 0.1 mi
- 9/10Ronald Edmonds Learning Center IiGrades: 6-8Distance: 0.1 mi
- 2/10Brownsville Academy High SchoolGrades: 9-12Distance: 0.4 mi