Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,975,000

· Closed February 12, 2015

391 PARK Place
Closed For Sale Multi Family

$2,975,000

391 PARK Place

Prospect Heights, Brooklyn

MLS® #RLS10056026

RLS at REBNY

Listing by The Corcoran Group

Studio

Bedroom

0

Bath

N/A

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Year Built N/A
Neighborhood Prospect Heights

Property Highlights

  • Style: Prewar architecture

Property Details

Type Multi Family
Baths null Full
Pets Yes
Cross Street Washington & Underhill Aves
Architectural Style Prewar
Parcel # 01160-0064
Block/Lot null/NA

Listing History

Event Date Price Change
Listed Oct 3, 2014 $2,895,000 -
Currently Jun 10, 2026 $2,975,000 +2.8%

Description

CAN YOU SAY TURN-KEY? INVESTOR'S DREAM... BUILDING: Located on a verdant historic block, this magnificent four family property is a rare blend of preserved architectural details with modern flourishes. Standing at 18.25'x45 on an extra deep 131' lot, this is the ultimate investor play with 3 out of 4 units currently rented (appx. 5-6% cap); OR CAN BE DELIVERED VACANT. A stones throw from Brooklyn Museum, Brooklyn Botanical Gardens and Prospect Park, the setup of Owner's Triplex with 3 bed/3 bath plus garden; floor-through 2 bedroom rental; and two 1 bedroom rentals provide the utmost in profitable living. Intact from year's past are gorgeous fireplaces, century old pier mirrors, tin ceilings, wedding cake wall details, and the like; while the oasis of a garden, sauna, glorious hallway staircase, refinished hardwood floors, mechanicals and electrical are all new. NEIGHBORHOOD: Arguably, Prospect Heights is the intersection of all your needs: it has abundant green space; amazing restaurants and bars; excellent subway access; and strikes a balance between new Brooklyn and old Brooklyn that similar neighborhoods miss. THE DEAL: Seize the opportunity to own both a remarkable home, and a sound investment.

Building Information

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

36

Median Asking Price

$1.12M

Median $/Sqft

$1,248

Avg Days on Market

N/A

New This Week

3

Price Reduced

25%

Sold (30 Days)

5

Median Sale Price

$1.10M

Live data from RLS at REBNY • Updated 6/10/26, 5:00 AM EST

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Location

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391 PARK Place, Prospect Heights, Kings County • Near Washington & Underhill Aves

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1895
Year Built
131 years old
3
Floors
5
Residential Units
R6B
Zoning District
Walk-Up Apartments Historic District: Prospect Heights Historic District

Tax & Assessment

Assessed Value: $602,100
Land Value: $111,150
Exemptions: $0

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

Lot Area: 2,358 SF
Building Area: 2,402 SF
Built FAR: 1.02
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

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

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: RLS10056026
First Listed: 10/3/2014
Price Changed: 2/12/2015
Closed: 2/12/2015
Contract Date: 10/2/2014

Listing Courtesy of The Corcoran Group - Aaron Seawood

Listing Contact: (917) 705-2929

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 6/10/2026 at 9:00 AM UTC

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