1070 Park Place, Brooklyn, NY 11213
Local realty services provided by:CENTURY 21 Awaye Realty
1070 Park Place,Brooklyn, NY 11213
$3,999,999
- 20 Beds
- 9 Baths
- 6,400 sq. ft.
- Multi-family
- Active
Listed by: isaiah ajala, shaniece pugh, darnell thornton
Office: brown harris stevens brooklyn llc.
MLS#:RLS20058691
Source:NY_REBNY
Price summary
- Price:$3,999,999
- Price per sq. ft.:$625
About this home
<strong>Prime Crown Heights Free-Market 5-Family Overlooking Brower Park – Excellent Investment!</strong><br> <br> 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.<br> <br> 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.<br> <br> The property consists of five spacious residential units:<br> • (3) Four-Bedroom, Two-Bath Apartments<br> • (1) Three-Bedroom, One-Bath Apartment<br> • (1) One-Bedroom, One-Bath Apartment<br> <br> 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.<br> <br> 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.<br> <br> <strong>Highlights:</strong><br> • Free-market, 5-unit pre-war building<br> • Mix of large 4BR, 3BR, and 1BR units<br> • Can be delivered vacant<br> • Strong rent roll with upside potential<br> • Overlooking Brower Park<br> • Short distance from the 3 train at Kingston Ave<br> • Ideal for 1031 exchange or buy-and-hold.<br> Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
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Home facts
- Year built:1931
- Listing ID #:RLS20058691
- Added:112 day(s) ago
- Updated:February 27, 2026 at 11:36 AM
Rooms and interior
- Bedrooms:20
- Total bathrooms:9
- Full bathrooms:5
- Half bathrooms:4
- Rooms Total:30
- Basement:Yes
- Living area:6,400 sq. ft.
Structure and exterior
- Year built:1931
- Building area:6,400 sq. ft.
Finances and disclosures
- Price:$3,999,999
- Price per sq. ft.:$625
- Tax amount:$16,392
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