897 Park Place, Brooklyn, NY 11216
Local realty services provided by:CENTURY 21 AllPoints Realty
897 Park Place,Brooklyn, NY 11216
$2,500,000
- - Beds
- - Baths
- 7,292 sq. ft.
- Multi-family
- Active
Listed by: rene attias
Office: attias property group inc
MLS#:965803
Source:OneKey MLS
Price summary
- Price:$2,500,000
- Price per sq. ft.:$342.84
About this home
Exceptional investment opportunity in the heart of Crown Heights. 897 Park Place presents a rare chance to acquire a multifamily asset with strong upside potential in one of Brooklyn’s most consistently appreciating neighborhoods. Positioned on a desirable residential block, the lot measures 28.83' x 130.58', with building dimensions of 23' x 45'.
The property offers multiple value-add strategies through renovation, repositioning, rental optimization, or long-term hold. The building spans five levels. 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. A rear extension was previously added, expanding the total square footage and increasing the functional area within the property.
The asset benefits from excellent transit accessibility, located near the 2/3/4/5 subway lines, the A/C trains, and just minutes to Franklin Avenue. It is surrounded by a plethora of restaurants, bars, coffee shops, laundry facilities, and neighborhood amenities, and is a short walk to Prospect Park, Brooklyn Botanic Garden, and the Brooklyn Museum.
With comparable properties demonstrating strong resale and rental performance, this property offers both income potential and long-term growth. Perfect for seasoned investors, 1031 exchange buyers, developers, or owner-occupants looking to add value through thoughtful design and renovation to capitalize on Brooklyn’s ongoing market strength.
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Home facts
- Year built:1915
- Listing ID #:965803
- Added:1 day(s) ago
- Updated:February 28, 2026 at 12:40 PM
Rooms and interior
- Basement:Yes
- Basement Description:Full
- Living area:7,292 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1915
- Building area:7,292 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$342.84
- Tax amount:$6,958 (2025)
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