Presenting a rare investment opportunity in Crown Heights, Brooklyn: 1849 Park Place, a classic brick 3-family home boasting 8 bedrooms and a full basement, situated on an expansive 20 x 127.75 ft lot. Currently vacant and in need of a full renovation, this remarkable property is brimming with potential for the discerning buyer with a vision to create a stunning multi-family residence in one of Brooklyn's most sought-after neighborhoods.
This charming 1899-built home features a generous layout consisting of 3-bedroom, 3-bedroom, and 2-bedroom units, as well as a spacious full basement that offers endless possibilities for additional living space, storage, or recreational areas. With a substantial building size of 22.33 x 47 ft, the property provides ample room to design and customize each unit to suit a variety of tastes and preferences.
Nestled on a 2,555 sqft lot in a desirable R6 zoning district, 1849 Park Place also benefits from an impressive 3,255 sqft of unused FAR, presenting an incredible opportunity for expansion and further development. The property's remarkably low annual property tax of $1,922 adds to its investment appeal.
Located in the vibrant and historic Crown Heights neighborhood, this exceptional 3-family home is surrounded by an array of shopping, dining, and transportation options, ensuring convenience and accessibility for future residents. Don't miss this unique opportunity to transform 1849 Park Place into an exquisite multi-family haven. Schedule a viewing today and bring your architect to envision the endless possibilities!
Sold for $1,360,000
$1,360,000
1849 Park Pl, Brooklyn, NY 11233
8beds
2,955sqft
MultiFamily
Built in 1899
-- sqft lot
$1,507,500 Zestimate®
$460/sqft
$3,550 Estimated rent
Home value
$1,507,500
$1.33M - $1.70M
$3,550/mo
Zestimate® history
Owner options
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$3,550/mo
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$3,550/mo
Rent Zestimate®
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$7,991/mo
Est. payment
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$7,991/mo
Est. payment
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List your homeWhat's special
Spacious full basement
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total interior livable area: 2,955 sqft
Property
Lot
- Size: 2,555 Square Feet
Details
- Parcel number: 014640071
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1899
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $862,000
- Annual tax amount: $2,317
Price history
| Date | Event | Price |
|---|---|---|
| 7/12/2024 | Sold | $1,360,000+60%$460/sqft |
Source: Public Record Report a problem | ||
| 8/31/2023 | Sold | $850,000-5.5%$288/sqft |
Source: Public Record Report a problem | ||
| 4/9/2023 | Pending sale | $899,000$304/sqft |
Source: StreetEasy Report a problem | ||
| 3/18/2023 | Listed for sale | $899,000$304/sqft |
Source: StreetEasy Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,317 -1.2% | $51,720 -15% |
| 2024 | $2,345 | $60,840 -18.5% |
| 2023 | -- | $74,640 +11.8% |
| 2022 | -- | $66,780 +9.5% |
| 2021 | -- | $60,960 +8.8% |
| 2020 | $1,764 +0% | $56,040 +9% |
| 2019 | $1,763 -12.6% | $51,420 +433.2% |
| 2018 | $2,017 +8.7% | $9,643 +5.9% |
| 2017 | $1,856 +34.8% | $9,105 +5.9% |
| 2016 | $1,377 | $8,594 +6% |
| 2015 | $1,377 +68.7% | $8,109 |
| 2014 | $816 | $8,109 +0.9% |
| 2013 | -- | $8,036 +5.9% |
| 2012 | -- | $7,588 +5.9% |
| 2011 | -- | $7,162 +6% |
| 2010 | -- | $6,758 |
| 2009 | -- | $6,758 +0.9% |
| 2008 | -- | $6,697 +5.9% |
| 2007 | -- | $6,324 +5.9% |
| 2006 | -- | $5,969 +6% |
| 2005 | -- | $5,632 |
| 2004 | -- | $5,632 +0.9% |
| 2003 | -- | $5,581 +5.9% |
| 2002 | -- | $5,270 +5.9% |
| 2001 | -- | $4,975 +6% |
| 2000 | -- | $4,694 |
Find assessor info on the county website
Neighborhood: Crown Heights
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Nearby schools
GreatSchools rating
- 3/10Ps 178 Saint Clair MckelwayGrades: PK-8Distance: 0.2 mi
- 5/10Brooklyn Collegiate A College Board SchoolGrades: 9-12Distance: 0.2 mi