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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
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    $3,550/mo

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    $7,991/mo

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    $7,991/mo

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    What's special

    Spacious full basement
    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!

    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

    DateEventPrice
    7/12/2024Sold$1,360,000+60%$460/sqft
    Source: Public Record Report a problem
    8/31/2023Sold$850,000-5.5%$288/sqft
    Source: Public Record Report a problem
    4/9/2023Pending sale$899,000$304/sqft
    Source: StreetEasy Report a problem
    3/18/2023Listed for sale$899,000$304/sqft
    Source: StreetEasy Report a problem

    Public tax history

    YearProperty taxesTax 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

    Nearby schools

    GreatSchools rating