2 months on rocket

872 Park Place, New York City, NY, 11216

$2,500,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Full Bath
Townhouse

Location

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872 Park Place, New York$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1906
ViewOther
MLS #RPLU-33423205135
StatusActive

About 872 Park Place

<p>Landmarked Renaissance Revival Row House in the Crown Heights North Historic District II.<br><br>Constructed in 1895 by Dahlander & Hedman, this 4 Story barrel front gem is in need of a complete renovation but there are still some period doors, mantles, woodwork and an original center staircase.. Built 19.5 x 47 on a 135.58 lot and there are extensions in the cellar, garden & parlor levels that reach roughly 60 ft deep!<br><br>Seller plans to deliver the building with a Certificate of No Harassment which should allow buyer to change/convert use of the building to a Single Family, Two Family, etc... Another option is to keep current usage as 10 units and maximize the rent roll with the changing short term rental laws.<br><br>Located Between: Nostrand Ave & New York Ave </p><p>Block / Lot: 1241 / 21</p><p>Building Class: C3</p><p>Zoning: R6</p><p>Historic District: Crown Heights North Historic District II</p><p>Taxes: $11,148 +/- </p><p> </p><p>Lot: 19.5 x 135.58</p><p>Lot SF: 2,491 SF +/-</p><p>Unused FAR: 2,400 SF +/-</p><p> </p><p>Built 19.5 x 47 extensions in cellar, garden & parlor levels</p><p> </p><p>Estimated Interior SF</p><p>Cellar 979 SF +/-</p><p>Garden 1,081 SF +/-</p><p>Parlor 1,131 SF +/-</p><p>3rd Floor 910 SF +/-</p><p>4th Floor 910 SF +/-</p><p> </p><p>Building SF: 4,034 SF +/- not including cellar</p><p>Total Building SF: 5,013 SF +/-</p><p> </p><p>Certificate of No Harassment (CONH) was granted and issued on August 15, 2005.</p><p> </p><p>CONH expired and building currently has SRO status with 10 Class B Units. </p><p> </p><p>Building has been vacant for 18 years.</p><p> </p><p>CONH was refiled for on August 29th, 2024 and reissuance is anticipated soon.<br><br>Contact us for more information.</p>

Property Details

Property Features

Property Information:

  • Year Built: 1906

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Joseph Dima
  • Agent Phone: (917) 923-0120

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

872 Park Place vs New York

78 DAYS ON ROCKET

-7 Days

$2,500,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-33423205135

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Joseph Dima
  • Agent Phone: (917) 923-0120

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/18/2024, 2:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4324537
7
/10

  • P.S. 289 George V. Brower School

  • 900 Saint Marks Ave

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-4324538
4
/10

  • P.S. 93 William H. Prescott School

  • 31 New York Ave

  • 0.43 miles

  • Public District Grades KG-6

school-card-donut-4324539
6
/10

  • P.S. 161 The Crown School

  • 330 Crown St

  • 0.50 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,779. The majority of New York, NY residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 872 Park Place

What is the listing price of this property?

The listing price of 872 Park Place property is $2,500,000.

What type of property is this?

The property 872 Park Place is a townhouse located in New York City, New York, 11216.

Is this property for sale now?

Active Listing: 872 Park Place is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 872 Park Place has 1 bedroom and 1 bathroom.

Which year was this property built?

The year of construction for 872 Park Place is 1906.

Rocket Homes›New York›Kings County›New York›11216›872 Park Place

This home is located at 872 Park Place in New York City, NY and zip code 11216 in the Central Brooklyn neighborhood. This home was built in 1906. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $2,500,000.

New York, NY housing market in November 2024 saw over 220 listings sold above listed price, more than 769 sold at listed price and over 758 sold below. The number of homes for sale in New York, NY decreased by 7.2% between October 2024 and November 2024. While the average time on the market in November 2024 was 85 days, the median list price was $850,115.

From Rocket Homes Real Estate and based on county public records data.

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