324 Park Place — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11238

Photos

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Investment Figures

Cap rate
4.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

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