492 3rd St
Brooklyn, NY 11215
Multifamily Property For Sale · 10 Units

Located in the heart and soul of Park Slope, this brownstone sits between 6th and 7th Avenues on Third Street—where the roadway opens into its famously double-wide breadth. Laid out by Edwin C. Litchfield, this particular block feels brighter, calmer, more gracious: a tree-lined canopy, an uncommon sense of air, space, and time. Then the distinguished run of brownstone and limestone gives the street its quiet authority. It feels tucked away yet moments from the neighborhood’s daily life, the Park, and multiple subway lines.
A gracious front garden invites you, drawing you in with a green approach and a sense of arrival set back from the street. In the rear garden, a limestone terrace and path bordered on either side by garden beds, welcome you into a generous rear yard, with a platform deck rising at its edge.
Built in the latter part of the 19th century and heretofore converted to ten residences with classic front and rear layouts, the brownstone offers scale and authenticity that can’t be manufactured: soaring ceilings, original parquet floors, classic molding, claw-foot tubs, and enduring period detail.
Each floor carries character and uniqueness onto itself, variations in light, layout and outlooks create an experience which feels less like “units” and more like a small collection of true homes. Offering not only an investment with immediate fundamentals, but an address with narrative one that invites stewardship as much as it rewards ownership.
Held and lovingly maintained by the same family for nearly half a century, the property has been thoughtfully transitioned over. Today, nine of ten apartments are free market, with meaningful upside and flexibility to deliver multiple units vacant.
The brownstone also benefits from the protected 2B tax class, supporting long-term predictability. The brownstone carries an unmistakably restorative energy: peaceful yet alive and relaxing—an everyday refuge. Keep it as is, or return it to the resplendent glory it once was. 492 Third St offers not only performance, but a lasting sense of place; and presence one that’s increasingly hard to find.
An exceptional opportunity to own a storied brownstone on one of the Slope’s most admired blocks.