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Sold
  • $3,150,000

    586 5th Ave, Brooklyn, NY 11215

    6beds
    4,205sqft
    Building
    Built in 1920
    -- sqft lot
    $4,119,700 Zestimate®
    $749/sqft
    $7,555 Estimated rent

    Home value

    $4,119,700

    $3.50M - $4.86M

    $7,555/mo

    Zestimate® history
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    $18,783/mo

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    What's special

    Gravity Real Estate Advisors is pleased to exclusively offer for sale 586 5th Avenue, a fully renovated gem located in prime Park Slope. With 20 feet of frontage on 5th Avenue and just blocks from the Prospect Avenue train station, this property offers unparalleled convenience. This building features ultra high-end condo finishes throughout, with no deferred maintenance thanks to a recent complete gut renovation. The two apartments each offer 3 bedrooms and 2 baths, with Unit #2 boasting an impressive 500-square-foot outdoor deck. Additionally, the building has secured a new long-term retail lease, ensuring a steady income stream. The offering also includes an additional 655 square foot lot measuring 19.08' x 34.33'. Whoever buys this property will not need to invest another dime in renovations. Don't miss this exceptional investment opportunity in a coveted location.

    Zillow last checked:

    Listing updated:

    Listed by:

    Dimitrios Kapelonis,

    Gravity Real Estate Advisors

    Source: StreetEasy,MLS#: S1717952

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Laundry: Inside
    Interior area
    • Total structure area: 4,205
    • Total interior livable area: 4,205 sqft

    Property

    Features
    • Patio & porch: Deck
    • Exterior features: Private Roof Deck
    Details
    • Parcel number: 010520050
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Building
    Condition
    • Year built: 1920

    Community & HOA

    Community
    • Subdivision: Park Slope
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $749/sqft
    • Tax assessed value: $3,173,000
    • Annual tax amount: $5,604
    • Date on market: 5/20/2024

    Price history

    DateEventPrice
    11/18/2024Sold$3,150,000-16%$749/sqft
    Source: StreetEasy #S1717952 Report a problem
    5/20/2024Listed for sale$3,750,000+150%$892/sqft
    Source: StreetEasy #21409770c3633430df4a5e35237e077c Report a problem
    12/2/2021Sold$1,500,000$357/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,593 -0.4%$190,380 +0.5%
    2024$5,615 $189,420 +7.1%
    2023-- $176,880 +27.4%
    2022-- $138,840 +16.8%
    2021-- $118,860 +58%
    2020$4,972 +0.8%$75,240 +15%
    2019$4,931 +7.2%$65,400 +197.6%
    2018$4,598 +8.8%$21,979 +6%
    2017$4,227 -8.7%$20,736
    2016$4,630 $20,736 +5.9%
    2015$4,630 +93.7%$19,573 +0.8%
    2014$2,391 $19,414
    Find assessor info on the county website

    Neighborhood: Park Slope

    Nearby schools

    GreatSchools rating