Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $250,000

· Closed March 7, 2016

397 1st Street #1-L
Closed For Sale Condo

$250,000

$259 per sq ft

397 1st Street #1-L

Park Slope, Brooklyn

MLS® #RLS10045825

RLS at REBNY

Listing by Compass

2

Bedrooms

1

Bath

966

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 966 sq ft
Year Built 1920
Ownership Condo
HOA/Common Charges $126/mo
Property Taxes $840/yr
Neighborhood Park Slope

Property Highlights

  • Exposure: North facing
  • Style: Prewar architecture
  • Character: Pre-war building (1920)

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full
Exposure North
Pets Yes
Cross Street 6th Avenue/7th Avenue
Year Built 1920
Living Area 966 sq ft
Architectural Style Prewar
Block/Lot 966/77

Description

Calling all INVESTORS! This rent controlled condo is for sale in prime Park Slope direct from the Sponsor. It is located in a new, fully renovated 8-unit condo building. The apartment is currently a 2 bed/1 bath, but could easily be converted to a 2 bed/2 bath. Tenant pays $540/mo, and apartment will not be delivered vacant. Newly renovated condos in this area sell for over $1,200/SF. Tax abatement in place for 12 years. Take advantage of this amazing price and location.

Features & Amenities

Interior Features

Den Building Washer Dryer Install Allowed

Appliances

Dryer Washer

Building Information

Stories 4
Style Prewar

Financial Details

Common Charges $126/mo
RE Taxes $840/yr ($70/mo)

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

98

Median Asking Price

$1.74M

Median $/Sqft

$1,435

Avg Days on Market

N/A

New This Week

14

Price Reduced

14%

Sold (30 Days)

20

Median Sale Price

$1.68M

Live data from RLS at REBNY • Updated 4/8/26, 4:41 PM EST

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Location

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397 1st Street #1-L, Park Slope, Kings County • Near 6th Avenue/7th Avenue

Floor Plans

Floor Plan
MLS® ID: RLS10045825
First Listed: 8/28/2015
Closed: 3/7/2016
Contract Date: 8/28/2015

Listing Courtesy of Compass - Debra Bondy

Listing Contact: (917) 690-3981

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 4/8/2026 at 8:41 PM UTC

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