397 1st Street #1-L
MLS® #RLS10045825
Listing by Compass
2
Bedrooms
1
Bath
966
Sq. Ft.
1920
Year Built
Quick Summary
Property Highlights
- Exposure: North facing
- Style: Prewar architecture
- Character: Pre-war building (1920)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Aug 28, 2015 | $250,000 | - |
| Currently | Apr 30, 2026 | $250,000 | - |
Description
Calling all INVESTORS! This rent controlled condo is for sale in prime Park Slope direct from the Sponsor. It is located in a new, fully renovated 8-unit condo building. The apartment is currently a 2 bed/1 bath, but could easily be converted to a 2 bed/2 bath. Tenant pays $540/mo, and apartment will not be delivered vacant. Newly renovated condos in this area sell for over $1,200/SF. Tax abatement in place for 12 years. Take advantage of this amazing price and location.
Features & Amenities
Interior Features
Appliances
Building Information
Financial Details
About Park Slope
View All Park Slope ListingsPark 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 NeighborhoodActive Listings
111
Median Asking Price
$1.71M
Median $/Sqft
$1,376
Avg Days on Market
N/A
New This Week
10
Price Reduced
17%
Sold (30 Days)
24
Median Sale Price
$1.64M
Live data from RLS at REBNY • Updated 4/30/26, 6:01 PM EST
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Location
397 1st Street #1-L, Park Slope, Kings County • Near 6th Avenue/7th Avenue
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $126 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $840, or roughly $70 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 1 full bathroom.
The listed interior living area is 966 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1920, making it approximately 106 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.
Pet policy requires confirmation with the listing broker.
At the current list price of $250,000 for 966 sq ft, the asking price per square foot is approximately $259. 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 mcoste@kwnyc.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) 416-7433Listing Courtesy of Compass - Debra Bondy
Listing Contact: (917) 690-3981
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 Data display by Keller Williams NYC. Data last updated on 4/30/2026 at 10:01 PM UTC