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$2,462,500
List Price: $2,500,000
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872 Park Place
Townhouse in Crown Heights •  building info
1bd • 1ba
Buy with Yoreevo

$2,462,500

List Price

$2,500,000

Key Details
Days on market
107
Last price change
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Estimated payment
$15,151
Taxes
$929
Monthly maintenance
N/A
Description
Landmarked Renaissance Revival Row House in the Crown Heights North Historic District II. Constructed in 1895 by Dahlander & Hedman, this 4 Story barrel front gem is in need of a complete renovation but there are still some period doors, mantles, woodwork and an original center staircase.. Built 19.5 x 47 on a 135.58 lot and there are extensions in the cellar, garden & parlor levels that reach roughly 60 ft deep! Seller plans to deliver the building with a Certificate of No Harassment which should allow buyer to change/convert use of the building to a Single Family, Two Family, etc... Another option is to keep current usage as 10 units and maximize the rent roll with the changing short term rental laws. Located Between: Nostrand Ave & New York Ave Block / Lot: 1241 / 21 Building Class: C3 Zoning: R6 Historic District: Crown Heights North Historic District II Taxes: $11,148 +/- Lot: 19.5 x 135.58 Lot SF: 2,491 SF +/- Unused FAR: 2,400 SF +/- Built 19.5 x 47 extensions in cellar, garden & parlor levels Estimated Interior SF Cellar 979 SF +/- Garden 1,081 SF +/- Parlor 1,131 SF +/- 3rd Floor 910 SF +/- 4th Floor 910 SF +/- Building SF: 4,034 SF +/- not including cellar Total Building SF: 5,013 SF +/- Certificate of No Harassment (CONH) was granted and issued on August 15, 2005. CONH expired and building currently has SRO status with 10 Class B Units. Building has been vacant for 18 years. CONH was refiled for on August 29th, 2024 and reissuance is anticipated soon. Contact us for more information.

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Important Stuff
Washer/Dryer in unit
Building info

History
What it'll cost
Purchase price
$2,500,000
Asking Price: $2,500,000
Term
30 Years
Down Payment
$250,000 (10%)
Min: 10% (250,000)
Rate
6.5 %
Mortgage Amount
$2,250,000
Mortgage Payment
$14,222
Taxes
$929
Estimated Yoreevo rebate
$37,500
Estimated closing cost
$91,000
Total monthly cost $15,151
Buy your dream home with us and get an estimated $37,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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