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Listed price in listed location currency (USD).
$2,499,999

000

MLS® 965803

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $6,958
Days Active 47
Lot Size 
Approx. Age 1915
MLS® Number 965803

Property Address: 897 Park Pl, Brooklyn, NY, 11216-4003

Average square foot calculated using Size range provided by listing agent.

Description

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 75'. Basement ceiling measures 7ft. and parlor level measures 10.2 ft. Possible condo conversion opportunity. Please conduct due diligence and consult with Architect. 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.
MLS® Number965803
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1915
BasementFull
DrivewayCarport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 28, 2026List Date
$2,499,999List Price

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