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Four-Story Brownstone Triplex
New
For Sale
$5,200,000

405 Park Place, Brooklyn, NY 11238

Three residential units feature in-unit laundry, dishwashers, microwaves, and central heating and air conditioning.

Property Size3,440 SF
Price / SF$1,511
Days on Market2

Property Features for 405 Park Place

General Information

Standard status Active
Size 3,440 SF
Property subtype Triplex

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,252

Amenities

washer/dryer
dishwasher
microwave
central heating and air conditioning
basement storage

Building Details

Building Size 3,440 SF
Year Built 1901
Stories 4
Construction brownstone
Listing Agency: Compass
Listed By: Cornelia Thomas · License #30TH1022812
Source: Miradorrealestate
Added: Oct 2 Changed: Oct 3 Last Checked: Oct 3 at 12:05AM

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 Compass

Investment Insights

Based on property information with market context.

This 3,440-square-foot, four-story brownstone contains three residential units and dates to 1901. The owner’s garden-and-parlor duplex includes an eat-in kitchen, dining and living rooms, and a half bath; the upper parlor level has two bedrooms, each with an en-suite bathroom. Original details include hardwood floors, pocket doors, stained-glass transoms, a tin ceiling, built-in cabinetry, and a carved stair railing. Each unit has a washer and dryer, dishwasher, microwave, and central heating and air conditioning. Basement storage is also available.

The property is at 405 Park Place in Brooklyn’s Prospect Heights neighborhood, on a 131-foot-deep lot.

Key Highlights

  • Three residential units in a four‑story brownstone
  • 3,440 square feet; built in 1901
  • 131‑foot‑deep lot at 405 Park Place in Prospect Heights, Brooklyn

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home Accounting Firm Carpet & Flooring Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

5,841
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units feature in-unit laundry, dishwashers, microwaves, and central heating and air conditioning.
Where is this triplex located?
The property is located at 405 Park Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Three residential units in a four‑story brownstone; 3,440 square feet; built in 1901; 131‑foot‑deep lot at 405 Park Place in Prospect Heights, Brooklyn
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