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Vacant Conversion / Development Opportunity 316 Garfield Pl 3 Unit Apartment Building $13,000,000 ($4,333,333/Unit) Brooklyn, NY 11215
INVESTMENT HIGHLIGHTS
- Only townhouse in Park Slope with 50 feet of frontage
- Five-story layout with original architectural details and fireplaces
- One block from Prospect Park and near major Brooklyn landmarks
- Includes a 2,400 SF private garden with development potential
- Zoned R7B with up to 19,531 buildable SF under UAP
- Ideal for private mansion, condo conversion, or community use
EXECUTIVE SUMMARY
A rare and commanding presence in the heart of Park Slope, 316 Garfield Place offers one of the largest townhouse parcels in Brownstone Brooklyn. Spanning a 50-foot-wide lot with a meticulously maintained 5-story residence and a private 2,400-square-foot garden, this property presents a unique opportunity for owner-users, developers, or institutions seeking a premier residential or community asset just steps from Prospect Park.
Currently configured as a vacant three-family home, the building includes a duplex on the lower levels, two floor-through apartments, and a versatile attic space. The interior showcases five working wood-burning fireplaces, original moldings and railings, ceiling heights ranging from 8.5 to over 11 feet, and a large cellar for storage. The adjacent garden may remain private or be developed using the site’s substantial 4,971 SF of unused air rights.
Zoned R7B, the property allows for up to 15,024 buildable square feet as-of-right, or 19,531 SF under the City of Yes’s UAP program. Preliminary massing studies are available for review. With luxury condo pricing in the area exceeding $2,000/SF, the site offers strong upside for conversion or redevelopment.
Located within the Park Slope Historic District, 316 Garfield Place is surrounded by cultural landmarks, top-rated schools, and abundant transit options. It’s a one-minute walk to Prospect Park and within 20 minutes of the Brooklyn Museum, Botanic Garden, and Barclays Center. This is a generational opportunity to own or transform a legacy property in one of New York City’s most desirable neighborhoods.
Currently configured as a vacant three-family home, the building includes a duplex on the lower levels, two floor-through apartments, and a versatile attic space. The interior showcases five working wood-burning fireplaces, original moldings and railings, ceiling heights ranging from 8.5 to over 11 feet, and a large cellar for storage. The adjacent garden may remain private or be developed using the site’s substantial 4,971 SF of unused air rights.
Zoned R7B, the property allows for up to 15,024 buildable square feet as-of-right, or 19,531 SF under the City of Yes’s UAP program. Preliminary massing studies are available for review. With luxury condo pricing in the area exceeding $2,000/SF, the site offers strong upside for conversion or redevelopment.
Located within the Park Slope Historic District, 316 Garfield Place is surrounded by cultural landmarks, top-rated schools, and abundant transit options. It’s a one-minute walk to Prospect Park and within 20 minutes of the Brooklyn Museum, Botanic Garden, and Barclays Center. This is a generational opportunity to own or transform a legacy property in one of New York City’s most desirable neighborhoods.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Storage Space
- Kitchen
- Attic
- Basement
- Dining Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+5 | 3 | - | - |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
CONTACTS
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Sean Kelly -
Michael Tortorici -
Stephen Vorvolakos -
Nicole Daniggelis -
James Nestor -
Ariel Property Advisors
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Vacant Conversion / Development Opportunity | 316 Garfield Pl
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