Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,200,000

· Closed November 13, 2024

316 Park Place
Closed For Sale Multi Family

$3,200,000

$924 per sq ft

316 Park Place

Prospect Heights, Brooklyn

MLS® #RLS11004170

RLS at REBNY

Listing by Compass

5

Bedrooms

3

Baths

3,464

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 5
Bathrooms 3
Living Area 3,464 sq ft
Year Built 1899
Ownership None
Property Taxes $10,260/yr
Neighborhood Prospect Heights
Floor 1 of 3

Property Highlights

  • Fireplace: 1 fireplace
  • Climate Control: Wall Units
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Ownership None
Total Rooms 13
Baths 3 Full
Floor 1 of 3
Heating Natural Gas, Wall Furnace
Cooling Wall Units
Pets Yes, CatsOk, DogsOk
Year Built 1899
Living Area 3,464 sq ft
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 01165-0032
Block/Lot 01165/32

Listing History

Event Date Price Change
Listed Aug 28, 2024 $3,400,000 -
Currently May 18, 2026 $3,200,000 -5.9%

Description

Discover the potential of this charming 2-family brownstone nestled in the vibrant heart of Prospect Heights. Seeking a new owner to infuse it with tender loving care, this property offers endless opportunities for customization and renovation. Situated in a prime location with convenient access to all amenities, this rare gem is a must-see and won't stay on the market for long.

Features & Amenities

Interior Features

See Remarks Flooring: Hardwood Fireplace (1)

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 3
Structure MultiFamily

Financial Details

RE Taxes $10,260/yr ($855/mo)
Original Price $3,400,000
Sale Price $3,200,000
Previous Price $3,400,000

Prospect Heights is a compact Brooklyn neighborhood anchored by the Brooklyn Public Library, Grand Army Plaza, Prospect Park, and the Brooklyn Museum. The real estate market features historic brownstones, pre-war cooperatives, and new developments like Pacific Park, with 2/3/B/Q/4 train service.

Prospect Heights Live Market Data

View Neighborhood

Active Listings

35

Median Asking Price

$1.50M

Median $/Sqft

$1,370

Avg Days on Market

N/A

New This Week

2

Price Reduced

17%

Sold (30 Days)

1

Median Sale Price

$635K

Live data from RLS at REBNY • Updated 5/17/26, 11:32 PM EST

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Location

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316 Park Place, Prospect Heights, Kings County

Building Information

Official NYC property records for this building

1897
Year Built
129 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings Historic District: Prospect Heights Historic District

Tax & Assessment

Assessed Value: $232,740
Land Value: $54,540
Exemptions: $0

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

Lot Area: 2,456 SF
Building Area: 3,464 SF
Built FAR: 1.41
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 $10,260, or roughly $855 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 3 full bathrooms.

The listed interior living area is 3,464 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $3,200,000 for 3,464 sq ft, the asking price per square foot is approximately $924. 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: RLS11004170
First Listed: 8/28/2024
On Market: 8/28/2024
Price Changed: 11/12/2024
Closed: 11/13/2024
Contract Date: 6/23/2024

Listing Courtesy of Compass - darren desrameaux

Listing Contact: (646) 469-0799

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 5/18/2026 at 3:32 AM UTC

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