Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
405 Park Place

For Sale · Listing by Compass

405 Park Place

Prospect Heights, Brooklyn

$5,200,000

Interested in this property?
Active For Sale • Triplex

$5,200,000

$1,512 per sq ft

405 Park Place

Prospect Heights, Brooklyn

MLS® #RLS20118757

RLS at REBNY

Listing by Compass

6
Bedrooms
4.5
Baths
3,440
Sq. Ft.
1901
Year Built

Quick Summary

Bedrooms 6
Bathrooms 5 full, 1 half
Living Area 3,440 sq ft
Lot Size 2,358 sq ft
Year Built 1901
Ownership None
Property Taxes $9,252/yr
Neighborhood Prospect Heights
Floor 1 of 3

Property Highlights

  • Style: ContemporaryModern,WalkUp architecture
  • Climate Control: Central Air
  • Character: Pre-war building (1901)

Property Details

Type Triplex
Ownership None
Total Rooms 14
Baths 4 Full, 1 Half
Floor 1 of 3
Heating Central, Electric
Cooling Central Air
Pets Yes
Year Built 1901
Living Area 3,440 sq ft
Architectural Style ContemporaryModern,WalkUp
Structure Type Townhouse,Triplex
Flooring Ceramic Tile, Hardwood, Parquet
Furnished Unfurnished
Basement Full
Lot Size 2,358 sq ft
Parcel # 01160-0057
Block/Lot 01160/0057

Listing History

Event Date Price Change
Listed Oct 2, 2026 $5,200,000 -
Currently Oct 2, 2026 $5,200,000 -

Description

Welcome to 405 Park Place, a beautiful four-story, three-family brownstone on one of the most sought-after, tree-lined blocks in vibrant Prospect Heights, Brooklyn. Set on an extra-deep 131 foot lot, this home offers space, character, and the potential to generate six-figure annual rental income. The owner's garden parlor duplex features a spacious eat-in country-style kitchen, a formal dining room and living room that flow together in an open-concept layout, and a convenient half bath. Upstairs, the parlor floor serves as the private living quarters, featuring two bedrooms, each with its own en-suite bathroom. The grand parlor room, currently used as a bedroom, features oversized windows, stained glass transoms, high ceilings, and a decorative ceiling medallion. Throughout the home, original details add warmth and character, including original hardwood floors, pocket doors, five-panel wood doors, detailed baseboard moldings, built-in cabinetry, an ironing board cabinet, cedar-lined closet, French doors, tin ceiling, and original bannister with spindles and newel post. The parlor-level foyer retains its grand original entry doors and pier mirror. Each unit has its own washer and dryer, dishwasher, microwave, and central heating and air conditioning with stainless steel LG appliances. Additional storage is available in the basement. For buyers looking to own a piece of Brooklyn history while creating substantial rental income, four o five Park Place offers a rare combination of historic character, generous space, and income-producing potential.

Features & Amenities

Interior Features

Chandelier Crown Molding Entrance Foyer Eat In Kitchen Granite Counters High Ceilings His And Hers Closets Kitchen Island Recessed Lighting Soaking Tub Walk In Closets Common On Floor Common Area In Unit Flooring: Ceramic Tile, Hardwood, Parquet Skylights

Exterior Features

Building Barbecue Building Garden Building Outdoor Grill Building Permeable Paving Private Entrance Private Outdoor Space Over60 Sqft Private Yard

Building Amenities

Bike Storage Storage Security System

Appliances

Cooktop Dishwasher Energy Star Qualified Appliances Gas Cooktop Refrigerator Range Hood Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 3
Structure Townhouse,Triplex
Style ContemporaryModern,WalkUp

Financial Details

RE Taxes $9,252/yr ($771/mo)

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

$1.20M

Median $/Sqft

$1,323

Avg Days on Market

N/A

New This Week

4

Price Reduced

9%

Sold (30 Days)

9

Median Sale Price

$1.16M

Live data from RLS at REBNY • Updated 10/2/26, 3:08 PM EST

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Location

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405 Park Place, Prospect Heights, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

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

Tax & Assessment

Assessed Value: $241,860
Land Value: $36,960
Exemptions: $0

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

Lot Area: 2,358 SF
Building Area: 3,440 SF
Built FAR: 1.46
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 Milton Coste before making an offer.

The current listed annual property tax is $9,252, or roughly $771 per month. Verify the current assessment with your attorney before closing.

This property has 6 bedrooms and 4 full bathrooms and 1 half bathroom.

The listed interior living area is 3,440 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $5,200,000 for 3,440 sq ft, the asking price per square foot is approximately $1,512. 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: RLS20118757
First Listed: 10/2/2026
On Market: 10/2/2026
Price Changed: 10/2/2026
Contract Date: 10/1/2026

Listing Courtesy of Compass - Cornelia Thomas

Listing Contact: (917) 921-1971

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 10/2/2026 at 7:08 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Prospect Heights Market Update

9 sales last 30 days · $1.20M median · 3.9 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Triplex Neighborhood Prospect Heights Borough Brooklyn
County Kings
Floor 1 of 3
Year Built 1901
First Listed 10/2/2026
Style ContemporaryModern,WalkUp
Living Area 3,440 sqft
Annual Tax $9,252

Monthly Costs Estimate

Down Payment 20%

$1,040,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $771
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 $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$117,000

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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