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1074 Park Place

Between Kingston Avenue and Brooklyn Avenue Crown Heights
$2,800,000
  • Annual Taxes $10,030
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Mortgage Terms (years)

5 7 15 20 30

Interest Rate

0%

Percent Down

0% ($0)
  • Multi-Family Townhouse  
    4 Units   4 Floors
Subway Lines
Subway number 3 Subway number 3 Subway number 4 Subway number 4 Subway number C Subway number C Subway number 2 Subway number 2 Subway number 5 Subway number 5
Nearby Subway Stations
  • Subway number 3

    Kingston Ave - Eastern Pkwy

    7 mins
  • Subway number 4

    Schenectady Ave - Eastern Pkwy

    7 mins
  • Subway number C

    Kingston Ave - Fulton St

    7 mins
  • Subway number 2

    Nostrand Ave - President St

    7 mins
  • Subway number 5

    Nostrand Ave - President St

    7 mins

Essentials

  • Price$2,800,000
  • TypeTownhouse
  • Units4
  • Floors4
  • Bedrooms17
  • Bathrooms6
  • Rooms27
  • Approx. Sq. Ft.6,500

Key Features

  • Common storage
  • Garden
  • Central laundry room
  • High-speed internet

Open House

Sunday, July 23, 1:30PM - 2:30PM

Big, Bold & Beautiful With Extraordinary Income Potential! Welcome to 1074 Park Place, a colossal classic Crown Heights townhouse boasting approximately 6,500 square feet of space. Built in the Colonial Revival style, this 21' foot wide four family townhouse sits on an extra deep 125-foot lot including a rare deep front set back with beautiful plantings. Each spacious floor-through apartment has 9 ft ceilings, original hardwood floors and windows in each room. Three of the units have four bedrooms and one full bathroom while the fourth unit has 4 bedrooms and 2 bathrooms. There is also shared roof and backyard access and a windowed recreation space in the basement as well as a coin operated washer/dryer for the use of all tenants. Don’t miss this amazing high-income investment. This sprawling home has tremendous potential. Live in one grand apartment as-is and enjoy the benefits of collecting a considerable rental income each month. Alternatively, based on the conservative projected rent roll of $192,000 annual, 1074 Park achieves a rare 6% cap ratio. At the projected rent roll the property is an investors dream with the opportunity to live rent free or rent out the entire property and generate positive cash flow. Currently in great condition, the property could benefit further from minor updates to the appliances to significantly increase your return.


Built around 1905 by Architect A. White Pierce as part of 13 flats extending along the south side of Park Place, the façade features a mixture of coursed brickwork, stone portico flanked by Tuscan pilasters topped by a gable on foliated brackets and decorative dentils and recessed panels.


1074 Park Place is set on one of the prettiest garden blocks in Crown heights. Nestled between Brooklyn and Kingston Avenues, it sits across the street from bucolic Brower Park, a special urban oasis for those lucky enough to live in the neighborhood. The area offers the best of Brooklyn dining and shopping along Kingston Avenue with such local favorites as Basil, Bouef&Bun and Jenny’s Diner. A ten-minute walk to bustling Nostrand Avenue to get Lula’s bagels or O’Tacos. Property is currently occupied with tenants each on a month-to-month lease. Delivered vacant! Mechanicals are all in great condition. Quick access to trains, an easy five minute stroll to the 3 at Eastern Parkway where you can reach downtown Manhattan in 25 minutes or less.

Common storage, Garden, Central laundry room, High-speed internet TCG.DataAccess.Shared.Feature, TCG.DataAccess.Shared.Feature, TCG.DataAccess.Shared.Feature, TCG.DataAccess.Shared.Feature TCG.DataAccess.Shared.Feature
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

Agents  Ask us a question

Ronit Abraham
Ronit Abraham Licensed RE Salesperson m (917) 572-2583 p (718) 210-4026 ronit.abraham@corcoran.com Email Me See my 1 other sale listing
Shameika Wade
Shameika Wade Licensed Associate RE Broker p (718) 210-4044 f (212) 415-6059 shameika.wade@corcoran.com Email Me See my 1 other sale listing
Corcoran

Crown Heights

Crown Heights

Known for its tree-lined streets, diverse dining, and quirky & vintage shopping, Crown Heights is home to the Brooklyn Museum and Brooklyn Public Library.

The Brooklyn neighborhood of Crown Heights is best known for its tree-lined boulevards and turn-of-the-century brownstones. With quirky and vintage shopping, a varied nightlife scene and a diverse selection of food choices, Crown Heights keeps residents busy and full of options close to home.

Explore Crown Heights

What's In The Area

Driving Walking

1074 Park Place

Between Kingston Avenue and Brooklyn Avenue Crown Heights
$2,800,000
  • Annual Taxes $10,030
 What will this home cost?
Calculator Fin

What will this cost?

Close
$

Mortgage Terms (years)

5 7 15 20 30

Interest Rate

0%

Percent Down

0% ($0)
  • Multi-Family Townhouse  
    4 Units   4 Floors
Subway Lines
Subway number 3 Subway number 3 Subway number 4 Subway number 4 Subway number C Subway number C Subway number 2 Subway number 2 Subway number 5 Subway number 5
Nearby Subway Stations
  • Subway number 3

    Kingston Ave - Eastern Pkwy

    7 mins
  • Subway number 4

    Schenectady Ave - Eastern Pkwy

    7 mins
  • Subway number C

    Kingston Ave - Fulton St

    7 mins
  • Subway number 2

    Nostrand Ave - President St

    7 mins
  • Subway number 5

    Nostrand Ave - President St

    7 mins
map

Overview

Big, Bold & Beautiful With Extraordinary Income Potential! Welcome to 1074 Park Place, a colossal classic Crown Heights townhouse boasting approximately 6,500 square feet of space. Built in the Colonial Revival style, this 21' foot wide four family townhouse sits on an extra deep 125-foot lot including a rare deep front set back with beautiful plantings. Each spacious floor-through apartment has 9 ft ceilings, original hardwood floors and windows in each room. Three of the units have four bedrooms and one full bathroom while the fourth unit has 4 bedrooms and 2 bathrooms. There is also shared roof and backyard access and a windowed recreation space in the basement as well as a coin operated washer/dryer for the use of all tenants. Don’t miss this amazing high-income investment. This sprawling home has tremendous potential. Live in one grand apartment as-is and enjoy the benefits of collecting a considerable rental income each month. Alternatively, based on the conservative projected rent roll of $192,000 annual, 1074 Park achieves a rare 6% cap ratio. At the projected rent roll the property is an investors dream with the opportunity to live rent free or rent out the entire property and generate positive cash flow. Currently in great condition, the property could benefit further from minor updates to the appliances to significantly increase your return.


Built around 1905 by Architect A. White Pierce as part of 13 flats extending along the south side of Park Place, the façade features a mixture of coursed brickwork, stone portico flanked by Tuscan pilasters topped by a gable on foliated brackets and decorative dentils and recessed panels.


1074 Park Place is set on one of the prettiest garden blocks in Crown heights. Nestled between Brooklyn and Kingston Avenues, it sits across the street from bucolic Brower Park, a special urban oasis for those lucky enough to live in the neighborhood. The area offers the best of Brooklyn dining and shopping along Kingston Avenue with such local favorites as Basil, Bouef&Bun and Jenny’s Diner. A ten-minute walk to bustling Nostrand Avenue to get Lula’s bagels or O’Tacos. Property is currently occupied with tenants each on a month-to-month lease. Delivered vacant! Mechanicals are all in great condition. Quick access to trains, an easy five minute stroll to the 3 at Eastern Parkway where you can reach downtown Manhattan in 25 minutes or less.

Agents  Ask us a question

Ronit Abraham Licensed RE Salesperson m (917) 572-2583 p (718) 210-4026 ronit.abraham@corcoran.com Email Me See my 1 other sale listing
Shameika Wade Licensed Associate RE Broker p (718) 210-4044 f (212) 415-6059 shameika.wade@corcoran.com Email Me See my 1 other sale listing

Essentials

  • Price$2,800,000
  • TypeTownhouse
  • Units4
  • Floors4
  • Bedrooms17
  • Bathrooms6
  • Rooms27
  • Approx. Sq. Ft.6,500

Key Features

  • Common storage
  • Garden
  • Central laundry room
  • High-speed internet

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC.

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