Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $780,000

· Closed February 7, 2025

491 Park Place #1R
Closed For Sale Condo

$780,000

$747 per sq ft

491 Park Place #1R

Crown Heights, Brooklyn

MLS® #RLS10976269

RLS at REBNY

Listing by Compass

1

Bedroom

1.5

Baths

1,044

Sq. Ft.

1930

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Living Area 1,044 sq ft
Year Built 1930
Ownership Condo
HOA/Common Charges $558/mo
Property Taxes $2,820/yr
Neighborhood Crown Heights
Floor 1 of 4

Property Highlights

  • Exposure: North,West facing
  • Character: Pre-war building (1930)

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full, 1 Half
Floor 1 of 4
Exposure North,West
Pets Yes
Year Built 1930
Living Area 1,044 sq ft
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 01162-1102
Block/Lot 01162/1102

Listing History

Event Date Price Change
Listed Jun 28, 2024 $879,000 -
Price Reduced Feb 8, 2025 $839,000 -4.6%
Currently May 8, 2026 $780,000 -7.0%

Description

Welcome to this stunning 1-bedroom, 1.5-bathroom condo duplex 491 Park Place on the hip, vibrant Prospect-Crown Heights border. This fully renovated gem is ready to be your new home! Lovely warm hardwood floors throughout, exposed brick, high ceilings, split AC/heating units on both floors, multiple closet/storage areas, full-sized washer & dryer, full compliment of appliances, not to mention an INCREDIBLE PRIVATE BACKYARD & TAX ABATEMENT make this apartment you've been waiting for! 491 Park Place lives in a picturesque neighborhood that leaves little to be desired; with the weekend Farmers Market at the foot of Prospect Park, The Brooklyn Museum, Botanical Gardens, and shopping & dining along bustling Vanderbilt, Washington, and Franklin Avenues, you would be hard pressed to find a better nabe. And if that's not enough, the  2/3 and B/Q express trains are conveniently located a few blocks away at Grand Army Plaza and Flatbush Avenue for your daily commute. The first Open House for this special home is Sunday 12noon-1:30pm.  You don't want to miss it.

Features & Amenities

Interior Features

High Ceilings In Unit See Remarks Flooring: Hardwood

Exterior Features

Private Outdoor Space Over60 Sqft Private Yard

Building Information

Building Data View Compliance & Permits
Total Units 8
Stories 4
Structure MultiFamily

Financial Details

Common Charges $558/mo
RE Taxes $2,820/yr ($235/mo)
Original Price $879,000
Sale Price $780,000
Previous Price $839,000

Crown Heights is a dynamic and architecturally rich neighborhood in central Brooklyn. Famous for its grand boulevards and impressive collection of pre-war apartment buildings and brownstones, the area offers a sense of scale and history. Residents enjoy proximity to the Brooklyn Museum, the Botanic Garden, and a active restaurant scene along Franklin and Nostrand Avenues, making it a popular choice for those seeking space and culture.

Crown Heights Live Market Data

View Neighborhood

Active Listings

93

Median Asking Price

$1.50M

Median $/Sqft

$1,036

Avg Days on Market

N/A

New This Week

4

Price Reduced

23%

Sold (30 Days)

14

Median Sale Price

$1.35M

Live data from RLS at REBNY • Updated 5/7/26, 10:10 PM EST

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Location

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491 Park Place #1R, Crown Heights, Kings County

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
4
Floors
8
Residential Units
R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $599,401
Land Value: $23,401
Exemptions: $0

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

Lot Area: 2,620 SF
Building Area: 4,213 SF
Built FAR: 1.61
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 $558 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $2,820, or roughly $235 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom and 1 half bathroom.

The listed interior living area is 1,044 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1930, making it approximately 96 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $780,000 for 1,044 sq ft, the asking price per square foot is approximately $747. 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: RLS10976269
First Listed: 6/28/2024
On Market: 6/28/2024
Price Changed: 2/8/2025
Closed: 2/7/2025
Contract Date: 2/1/2024

Listing Courtesy of Compass - Lois Thompson

Listing Contact: (917) 721-7552

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 5/8/2026 at 2:10 AM UTC

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