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Crown Heights Multifamily Investment Opportunity

897 Park Pl, Brooklyn, NY 11216

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For Sale

$2,499,999

Multifamily property with upside potential in a prime Brooklyn location.

Type:Investment

HighLights

Excellent transit accessibility near the 2/3/4/5, A/C subway lines.
Prime location in Crown Heights, a consistently appreciating neighborhood.
High walk score (95) and bike score (76) indicating convenient access to amenities.
Strong upside potential through renovation, repositioning, or rental optimization.
Possible condo conversion opportunity (subject to due diligence).
Space to park a vehicle in the front yard (subject to DOB approval).

We can help!

Listing Contact

Rene Attias

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For Sale

$2,499,999

Multifamily property with upside potential in a prime Brooklyn location.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 3:21 pm

Property Features for 897 Park Pl

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1915

We can help!

Listing Contact

Rene Attias

Listing agent Rene Attias License #10311210750

Listing office EXP Realty

Listing date Apr 24, 2026

Source Elliman

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 EXP Realty

HighLights

Excellent transit accessibility near the 2/3/4/5, A/C subway lines.
Prime location in Crown Heights, a consistently appreciating neighborhood.
High walk score (95) and bike score (76) indicating convenient access to amenities.
Strong upside potential through renovation, repositioning, or rental optimization.
Possible condo conversion opportunity (subject to due diligence).
Space to park a vehicle in the front yard (subject to DOB approval).

Overview

Located in Crown Heights, Brooklyn, 897 Park Place is a multifamily property offering an investment opportunity. The lot measures 28.83' x 130.58', with building dimensions of 23' x 75'. The building spans five levels. The basement ceiling measures 7ft, and the parlor level measures 10.2 ft. A rear extension has been added, expanding the total square footage. There is space to park a vehicle in the front yard (subject to DOB approval), plus an unattached side exposure that allows for additional natural light along one side of the building. The property is located near the 2/3/4/5 subway lines and the A/C trains, and is just minutes to Franklin Avenue. It is surrounded by restaurants, bars, coffee shops, laundry facilities, and neighborhood amenities, and is a short walk to Prospect Park, Brooklyn Botanic Garden, and the Brooklyn Museum. The property has a bike score of 76, a walk score of 95, and a transit score of 100. Possible condo conversion opportunity. The property offers multiple value-add strategies through renovation, repositioning, rental optimization, or long-term hold.

Location Intelligence

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Apartment buildings

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Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.938857
Latitude: 40.698867

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For sale
Apartment buildings
NY
Brooklyn
11216
897 Park Pl

What type of property is this?

Apartment building - Multifamily property with upside potential in a prime Brooklyn location.

Where is this apartment building located?

The property is located at 897 Park Pl Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,499,999.

What are key features of this property?

This property features: Excellent transit accessibility near the 2/3/4/5, A/C subway lines.; Prime location in Crown Heights, a consistently appreciating neighborhood.; High walk score (95) and bike score (76) indicating convenient access to amenities.