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Mixed-Use

324 Park Place

324 Park Pl, Brooklyn, NY 11238

Listing Price: $3,800,000

Cap Rate
4.50%
Number of Units
8
Occupancy
50.0%
Price/Unit
$475,000
Price/Gross SF
$649.57
Gross SF
5,850

Investment Overview

Marcus and Millichap is pleased to offer 324 Park Place, 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.

Investment Highlights

  • 324 Park Place built in 1915, is an 8-family, spanning 3 stories, approx. 5,850 SF.
  • 3320 BSF Unused Air Rights | Tax Class: 2B | Zoning: R6B
  • 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.

Exclusively Listed By

Financing By

Mixed-Use

324 Park Place

Listing Price: $3,800,000

Cap Rate
4.50%
Number of Units
8
Occupancy
50.0%
Price/Unit
$475,000
Price/Gross SF
$649.57
Gross SF
5,850

Investment Highlights

  • 324 Park Place built in 1915, is an 8-family, spanning 3 stories, approx. 5,850 SF.
  • 3320 BSF Unused Air Rights | Tax Class: 2B | Zoning: R6B
  • 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.

Investment Overview

Marcus and Millichap is pleased to offer 324 Park Place, 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.

Exclusively Listed By

Financing By

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