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324 Park Pl 8 Unit Apartment Building $3,800,000 ($475,000/Unit) Brooklyn, NY 11238
EXECUTIVE SUMMARY
324 Park Place is a once-in-a-generation opportunity to create a dream home + income on one of Brooklyn’s most prestigious blocks. Currently an 8-family, located in the heart of Prospect Heights, this magnificent property offers the rare chance for an end user to design and customize a truly extraordinary residence. The entire parlor floor is vacant, offering immediate access to a grand, sun-drenched space with soaring ceilings and historic details, ready to be transformed into a show-stopping living and entertaining level.
Beyond the parlor, two additional vacancies give the next owner flexibility to combine/duplex as they see fit. Ideal for expanded living space, creative studio use, or guest accommodations. Whether you're envisioning a multi-level owner’s duplex, triplex, private work-from-home quarters, and/or supplementary income-generating units, the layout provides endless potential for a visionary buyer.
In addition to the vacancies, the property offers approximately 3,320 buildable square feet of unused air rights, allowing a future owner to increase vertical or horizontal living space.
What truly sets this property apart is its rare double-side exposure—detached on both sides, unlike typical rowhouses. And in a borough where parking is a luxury, a 5-car private parking lot in the rear makes this offering truly unmatched. It’s an amenity few townhomes in the city—let alone on this block—can offer, elevating the value, convenience, and long-term usability of the home.
Park Place is widely regarded as one of the most highly sought-after residential streets in all of Brooklyn, celebrated for its picturesque brownstones, quiet tree-lined charm, and proximity to Prospect Park, Brooklyn Museum, Grand Army Plaza, and all the best local restaurants. Transportation is never more than a few blocks away. The 2 and 3 trains are accessible by short walks to either the Grand Army Plaza station or the Eastern Parkway stop, and the B and Q lines are nearby at the 7th Avenue station.
For buyers searching for something rare, special, and filled with upside, 324 Park Place is that needle-in-a-haystack property.
Beyond the parlor, two additional vacancies give the next owner flexibility to combine/duplex as they see fit. Ideal for expanded living space, creative studio use, or guest accommodations. Whether you're envisioning a multi-level owner’s duplex, triplex, private work-from-home quarters, and/or supplementary income-generating units, the layout provides endless potential for a visionary buyer.
In addition to the vacancies, the property offers approximately 3,320 buildable square feet of unused air rights, allowing a future owner to increase vertical or horizontal living space.
What truly sets this property apart is its rare double-side exposure—detached on both sides, unlike typical rowhouses. And in a borough where parking is a luxury, a 5-car private parking lot in the rear makes this offering truly unmatched. It’s an amenity few townhomes in the city—let alone on this block—can offer, elevating the value, convenience, and long-term usability of the home.
Park Place is widely regarded as one of the most highly sought-after residential streets in all of Brooklyn, celebrated for its picturesque brownstones, quiet tree-lined charm, and proximity to Prospect Park, Brooklyn Museum, Grand Army Plaza, and all the best local restaurants. Transportation is never more than a few blocks away. The 2 and 3 trains are accessible by short walks to either the Grand Army Plaza station or the Eastern Parkway stop, and the B and Q lines are nearby at the 7th Avenue station.
For buyers searching for something rare, special, and filled with upside, 324 Park Place is that needle-in-a-haystack property.
PROPERTY FACTS
| Price | $3,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $475,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 8 | Building Size | 5,850 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R6B | ||
| Price | $3,800,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,850 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | R6B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 01165-0036 | Improvements Assessment | $832,050 |
| Land Assessment | $8,100 | Total Assessment | $840,150 |
PROPERTY TAXES
Parcel Number
01165-0036
Land Assessment
$8,100
Improvements Assessment
$832,050
Total Assessment
$840,150
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