Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
245 16TH Street #3

For Sale · Listing by Douglas Elliman Real Estate

245 16TH Street #3

Park Slope, Brooklyn

$1,575,000

Interested in this property?
Active For Sale Condo

$1,575,000

$1,383 per sq ft

245 16TH Street #3

Park Slope, Brooklyn

MLS® #RLS20112493

RLS at REBNY

Listing by Douglas Elliman Real Estate

2
Bedrooms
2
Baths
1,139
Sq. Ft.
2005
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,139 sq ft
Year Built 2005
Ownership Condo
HOA/Common Charges $604/mo
Property Taxes Contact for details
Neighborhood Park Slope
Floor 2 of 4

Property Highlights

  • Views: City
  • Exposure: North,South facing
  • Outdoor Space: Terrace, Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 2 of 4
View City
Exposure North,South
Cooling Ductless
Pets Yes
Year Built 2005
Living Area 1,139 sq ft
Architectural Style WalkUp
Basement Other
Parcel # 01048-1203
Block/Lot 01048/1203

Listing History

Event Date Price Change
Listed Sep 3, 2026 $1,575,000 -
Currently Sep 3, 2026 $1,575,000 -

Description

Beautifully renovated and spacious two-bedroom, two-bathroom home offering multiple private outdoor spaces, including an incredible approximately 450-square-foot private garden, along with remarkably low carrying costs thanks to a tax abatement currently in place through 2033. Just one flight up, you're immediately greeted by south- and west-facing floor-to-ceiling windows, filling the living and dining area with natural light throughout the day and showcasing beautiful sunsets in the evening. Just off the living room, step directly onto the first of your private balconies-great for morning coffee, outdoor dining, or unwinding at the end of the day. The open kitchen features sleek cabinetry, stainless steel appliances, abundant storage, and an oversized quartz countertop with ample room for bar seating. Both bedrooms are generously sized and comfortably accommodate king-size beds. The primary suite features an en-suite bathroom, excellent closet space, and direct access to an additional private balcony and the approximately 450-square-foot private garden-a rare outdoor oasis with plenty of room for lounging, dining, and entertaining. A spacious second bedroom, large walk-in closet, second full bathroom, in-unit washer/dryer, and split-system air conditioning complete the home. From sunset views to your own private garden, Residence 3 offers a rare opportunity to enjoy true indoor-outdoor living in the heart of South Slope.

Features & Amenities

Interior Features

High Ceilings Walk In Closets Building None Washer Hookup In Unit

Exterior Features

Balcony Garden Private Outdoor Space Over60 Sqft Terrace Balcony

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 6
Stories 4
Style WalkUp

Financial Details

Common Charges $604/mo
RE Taxes Contact for details

Park Slope is a well-known Brooklyn neighborhood, recognized for its tree-lined streets and preserved brownstones. Bordering the western edge of Prospect Park, the neighborhood offers convenient access to green space. The real estate market features a mix of historic townhouses, cooperatives, and modern condominiums, within walking distance of the park.

Park Slope Live Market Data

View Neighborhood

Active Listings

42

Median Asking Price

$1.90M

Median $/Sqft

$1,461

Avg Days on Market

N/A

New This Week

2

Price Reduced

19%

Sold (30 Days)

48

Median Sale Price

$1.70M

Live data from RLS at REBNY • Updated 9/3/26, 1:59 PM EST

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Location

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245 16TH Street #3, Park Slope, Kings County

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
4
Floors
6
Residential Units
R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $1,516,048
Land Value: $68,848
Exemptions: $1,505,889

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,500 SF
Building Area: 6,940 SF
Built FAR: 2.78
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $604 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,139 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2005, making it approximately 21 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,575,000 for 1,139 sq ft, the asking price per square foot is approximately $1,383. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20112493
First Listed: 9/3/2026
On Market: 9/3/2026
Price Changed: 9/3/2026
Contract Date: 9/3/2026

Listing Courtesy of Douglas Elliman Real Estate - Joseph Tesoriero

Listing Contact: (718) 300-0504

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/3/2026 at 5:59 PM UTC

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Park Slope Market Update

48 sales last 30 days · $1.90M median · 0.9 months supply

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Quick Facts

Status Active Type Condo Neighborhood Park Slope Borough Brooklyn
County Kings
Floor 2 of 4
Year Built 2005
First Listed 9/3/2026
Style WalkUp
Living Area 1,139 sqft
Common Charges $604/mo

Monthly Costs Estimate

Down Payment 20%

$315,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $604
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$15,750

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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