Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,765,000

· Closed January 7, 2026

407 3rd Street
Closed For Sale Multi Family

$4,765,000

$890 per sq ft

407 3rd Street

Park Slope, Brooklyn

MLS® #RLS20065976

RLS at REBNY

Listing by Compass

10

Bedrooms

4

Baths

5,353

Sq. Ft.

1921

Year Built

Quick Summary

Bedrooms 10
Bathrooms 4
Living Area 5,353 sq ft
Year Built 1921
Ownership None
Property Taxes $15,000/yr
Neighborhood Park Slope
Floor 1 of 4

Property Highlights

  • Character: Pre-war building (1921)

Property Details

Type Multi Family
Ownership None
Total Rooms 16
Baths 4 Full
Floor 1 of 4
Pets Yes
Year Built 1921
Living Area 5,353 sq ft
Structure Type MultiFamily
Furnished Unfurnished
Basement Full
Parcel # 00975-0054
Block/Lot 00975/0054

Listing History

Event Date Price Change
Listed Jan 8, 2026 $4,765,000 -
Currently May 7, 2026 $4,765,000 -

Description

Multi-family townhouse in the heart of Park Slope. Expansive brownstone offers a total of 4 individual apartments with a projected cap rate of 5.8%. Building size is 21.58 x 62 making this building ideal for the savvy investor. Delivered vacant the building is a blank canvas to create the home or investment property you desire. Showing by appointment only. Please email for set up. Don't miss the opportunity to own this remarkable multi-family townhouse with immense potential. Whether you're looking for a spacious residence or an investment opportunity, this property offers endless possibilities. PS 321.

Features & Amenities

Interior Features

See Remarks

Building Information

Building Data View Compliance & Permits
Total Units 4
Stories 4
Structure MultiFamily

Financial Details

RE Taxes $15,000/yr ($1,250/mo)
Sale Price $4,765,000

Park Slope is a well-known Brooklyn neighborhood, recognized for its tree-lined streets and preserved brownstones. Bordering the western edge of Prospect Park, the neighborhood offers convenient access to green space. The real estate market features a mix of historic townhouses, cooperatives, and modern condominiums, within walking distance of the park.

Park Slope Live Market Data

View Neighborhood

Active Listings

114

Median Asking Price

$1.62M

Median $/Sqft

$1,384

Avg Days on Market

N/A

New This Week

18

Price Reduced

16%

Sold (30 Days)

28

Median Sale Price

$1.59M

Live data from RLS at REBNY • Updated 5/7/26, 11:50 AM EST

Recently Sold in Park Slope

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Location

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407 3rd Street, Park Slope, Kings County

Building Information

Official NYC property records for this building

1921
Year Built
105 years old
4
Floors
4
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $1,718,550
Land Value: $272,250
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,050 SF
Building Area: 5,353 SF
Built FAR: 2.61
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $15,000, or roughly $1,250 per month. Verify the current assessment with your attorney before closing.

This property has 10 bedrooms and 4 full bathrooms.

The listed interior living area is 5,353 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1921, making it approximately 105 years old.

This listing is None

Pet policy requires confirmation with the listing broker.

At the current list price of $4,765,000 for 5,353 sq ft, the asking price per square foot is approximately $890. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20065976
First Listed: 1/8/2026
On Market: 1/8/2026
Price Changed: 1/8/2026
Closed: 1/7/2026
Contract Date: 12/1/2025

Listing Courtesy of Compass - Maxine S Resnick

Listing Contact: (917) 921-2166

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/7/2026 at 3:50 PM UTC

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