897 Park Place, Brooklyn, NY 11216

Brooklyn
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
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

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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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