Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
558 5TH Avenue #5B

For Sale · Listing by Serhant

558 5TH Avenue #5B

Park Slope, Brooklyn

$1,995,000

Interested in this property?
Active For Sale Condo

$1,995,000

$1,493 per sq ft

558 5TH Avenue #5B

Park Slope, Brooklyn

CLASSIC MODERN, THE

MLS® #RLS20114355

RLS at REBNY

Listing by Serhant

3
Bedrooms
2
Baths
1,336
Sq. Ft.
2007
Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,336 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $1,010/mo
Property Taxes Contact for details
Neighborhood Park Slope
Floor 5 of 5

Property Highlights

  • Views: City Lights, City, Ocean, Panoramic, River
  • Exposure: North,South,West facing
  • Outdoor Space: Deck, Terrace, Balcony, Rooftop

Property Details

Type Condo
Ownership Condominium
Total Rooms 8
Baths 2 Full
Floor 5 of 5
View City Lights, City, Ocean, Panoramic, River
Exposure North,South,West
Pets Yes
Year Built 2007
Living Area 1,336 sq ft
Structure Type HighRise
Basement Other
Parcel # 01047-1105
Block/Lot 01047/7502

Listing History

Event Date Price Change
Listed Sep 10, 2026 $1,995,000 -
Currently Sep 11, 2026 $1,995,000 -

Description

A Rare Duplex with Three Private Terraces and Uninterrupted City Views Welcome to Unit 5B at 558 5th Avenue: a striking three-bedroom, two-bathroom duplex condo with an unbeatable amount of private outdoor space and sweeping views across Brooklyn, the Manhattan skyline, and the East River. With three exposures - north, south, and west - this home is bathed in natural light throughout the day with floor-to-ceiling windows framing the city from nearly every room. This residence offers an impressive 1,260 square feet of private outdoor space, including two expansive private terraces spanning the full width of the home, one on each level. The first-floor terrace is accessible directly from the living room and both bedrooms, while the second-floor terrace continues the exceptional indoor-outdoor flow. Upstairs, a private roof deck offers an additional setting for entertaining, dining, or simply taking in the views. The main level features an open-concept living and dining space with dramatic double-height ceilings and light hardwood floors. The contemporary kitchen opens directly to the living area and is outfitted with a Liebherr refrigerator, Fagor dishwasher, and Bosch cooktop and oven. An in-unit washer and dryer add everyday convenience. Upstairs, the staircase opens to a loft-like landing overlooking the living room - an ideal home office, reading nook, or additional sitting area. Custom automatic blinds are installed throughout, allowing for effortless control of light and privacy. Additional amenities include a deeded basement storage closet and a shared hallway closet for added storage. The residence also benefits from low common charges and low real estate taxes, with a tax abatement in place through 2034. 558 5th Avenue is an intimate eight-unit, five-story elevator condominium ideally positioned at the intersection of Park Slope, South Slope, and Greenwood Heights. The location offers easy access to the best of Brooklyn, with the R train just two blocks away and Prospect Park only four blocks from home. Everyday conveniences and neighborhood favorites are right outside your door, including The French Tart across the street, Wonder just minutes away, and Crunch Fitness and Harbor Fitness nearby. With its combination of thoughtful modern design, exceptional light, three private outdoor spaces, and panoramic city views, Residence 5B offers a rare opportunity to enjoy expansive indoor-outdoor living in one of Brooklyn's most sought-after neighborhoods.

Features & Amenities

Interior Features

Building None Washer Hookup In Unit

Exterior Features

Balcony Private Outdoor Space Over60 Sqft Deck Terrace Balcony Rooftop

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $1,010/mo
RE Taxes Contact for details

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

66

Median Asking Price

$1.81M

Median $/Sqft

$1,414

Avg Days on Market

N/A

New This Week

25

Price Reduced

15%

Sold (30 Days)

42

Median Sale Price

$1.70M

Live data from RLS at REBNY • Updated 9/10/26, 11:50 PM EST

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Location

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558 5TH Avenue #5B, Park Slope, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
8
Residential Units
C4-3A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $1,053,762
Land Value: $82,802
Exemptions: $803,244

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

Lot Area: 3,680 SF
Building Area: 8,988 SF
Built FAR: 2.44
Allowed FAR: 3

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 $1,010 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 3 bedrooms and 2 full bathrooms.

The listed interior living area is 1,336 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 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.

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,995,000 for 1,336 sq ft, the asking price per square foot is approximately $1,493. 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: RLS20114355
First Listed: 9/10/2026
On Market: 9/10/2026
Price Changed: 9/10/2026
Contract Date: 9/10/2026

Listing Courtesy of Serhant - Abigail Palanca

Listing Contact: (718) 938-7308

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 9/11/2026 at 3:50 AM UTC

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Park Slope Market Update

42 sales last 30 days · $1.81M median · 1.6 months supply

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Quick Facts

Status Active Type Condo Neighborhood Park Slope Borough Brooklyn
County Kings
Floor 5 of 5
Year Built 2007
First Listed 9/10/2026
Living Area 1,336 sqft
Common Charges $1,010/mo

Monthly Costs Estimate

Down Payment 20%

$399,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $1,010
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$19,950

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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