NY > Brooklyn > Crown Heights
Brooklyn, NY 11213,1070 PARK Place
Brooklyn, NY 11213,1070 PARK Place
Brooklyn, NY 11213,1070 PARK Place
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Listing Courtesy of Brown Harris Stevens Brooklyn LLC
$3,999,999
Est. payment /mo
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20 Beds
6 Baths
6,400 SqFt
New

1070 PARK Place Brooklyn, NY 11213

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,400 sqft

Price per Sqft $624

Subdivision Crown Heights

MLS Listing ID RLS20058691

Style Walk-Up

Bedrooms 20

Half Baths 4

HOA Y/N No

Year Built 1931

Annual Tax Amount $16,392

Property Sub-Type Multi Family

Property Description

Prime Crown Heights Free-Market 5-Family Overlooking Brower Park – Excellent Investment!

Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn’s most dynamic and appreciating neighborhoods.

The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns.

The property consists of five spacious residential units:
• (3) Four-Bedroom, Two-Bath Apartments
• (1) Three-Bedroom, One-Bath Apartment
• (1) One-Bedroom, One-Bath Apartment

Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closing—a rare and valuable feature for investors looking to reposition or convert.

Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building’s pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights’ vibrant cafés, restaurants, and cultural landmarks.

Highlights:
• Free-market, 5-unit pre-war building
• Mix of large 4BR, 3BR, and 1BR units
• Can be delivered vacant
• Strong rent roll with upside potential
• Overlooking Brower Park
• Short distance from the 3 train at Kingston Ave
• Ideal for 1031 exchange or buy-and-hold.
Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.

Location

State NY

County Kings

Rooms

Basement Other

Interior

Interior Features Smoke Free

Fireplace No

Laundry In Unit

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N No

View Other

Porch None

Private Pool No

Building

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 01243-0034

Ownership None

Monthly Total Fees $1, 366

Special Listing Condition Standard

Pets Allowed Building Yes, No

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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Anthony Guerriero

Anthony Guerriero

Broker

+1(646) 376-8752

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1070 PARK Place

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