Restored Four-Story Multifamily
New
For Sale
$2,895,000
1137 Park Pl, Brooklyn, NY 11213
Fully restored limestone four-story townhouse with a private fenced backyard and flexible duplex or triplex potential.
Property Size3,288 SF
Days on Market7
Property Features for 1137 Park Pl
General Information
Standard status
Active
Size
3,288 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Building Details
Building Size
3,288 SF
Year Built
1901
Buildings
1
Stories
4
Construction
limestone
Listing Agency:
R New York
(917) 344-0205
Listed By:
Tatyana Salvatore
(917) 344-0205
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 4 at 3:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R New York
Investment Insights
Based on property information with market context.
1137 Park Pl is a fully renovated, restored four-story limestone townhouse built in 1901 in Crown Heights. The home has been gut-renovated while preserving original architectural details, including soaring ceilings, original moldings, museum-grade pocket doors, hand-carved fireplace mantels, parquet flooring, and stained glass windows. The layout is designed to support flexible use, including the possibility of a multi-story owner’s triplex, a classic duplex, or an income-producing configuration using the garden level.
The residence features six bedrooms and five bathrooms and sits on an unprecedented 127-Foot-Deep-Lot, with an approximate 20-foot-wide townhouse footprint. Parlor-level access opens to a private, beautifully fenced backyard garden oasis. Upstairs, the primary suite includes a skylight, dual-sink vanity, deep soaking tub, and an oversized double shower. A fully finished, tiled basement recreation level includes a stylized arched layout, a full wet bar, and a dedicated full bath.
For additional convenience, the configured unit space includes a private entrance, mini-split AC system, and its own washer/dryer. Transit access is strong with the express 2, 3, 4, 5, and C trains at nearby Crown Hts-Utica Av and Kingston-Throop Ave Stations, and the area scores include a 98 transit score.
The residence features six bedrooms and five bathrooms and sits on an unprecedented 127-Foot-Deep-Lot, with an approximate 20-foot-wide townhouse footprint. Parlor-level access opens to a private, beautifully fenced backyard garden oasis. Upstairs, the primary suite includes a skylight, dual-sink vanity, deep soaking tub, and an oversized double shower. A fully finished, tiled basement recreation level includes a stylized arched layout, a full wet bar, and a dedicated full bath.
For additional convenience, the configured unit space includes a private entrance, mini-split AC system, and its own washer/dryer. Transit access is strong with the express 2, 3, 4, 5, and C trains at nearby Crown Hts-Utica Av and Kingston-Throop Ave Stations, and the area scores include a 98 transit score.
Key Highlights
- Built in 1901 and fully restored with original limestone‑era architectural details
- Four‑story townhouse with six bedrooms and five bathrooms
- Approximate 20‑foot‑wide townhouse footprint
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.7k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $164.5k | $50.03 |
| − OpEx | −$49.4k | −$15.01 |
| NOI | $115.2k | $35.02 |
3,288 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,151 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,379 @ 7.0% cap · market cap 3.47%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.18M
NOI $190,572 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,194
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Brooklyn, NY
Properties on Market for Multifamily properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully restored limestone four-story townhouse with a private fenced backyard and flexible duplex or triplex potential.
Where is this multifamily property located?
The property is located at 1137 Park Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Built in 1901 and fully restored with original limestone‑era architectural details; Four‑story townhouse with six bedrooms and five bathrooms; Approximate 20‑foot‑wide townhouse footprint
