Crown Heights Multifamily Investment
897 Park Pl Brooklyn, NY 11216
For Sale
$2,499,999
Multifamily property with upside potential in a prime Brooklyn location.
Days on Market96
Property Features for 897 Park Pl
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1915
Listing Agency:
EXP Realty
(646) 644-5487
Listed By:
Rene Attias · License #10311210750
(646) 644-5487
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 12:38PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
