Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
497 3rd Street #PH

For Sale · Listing by Compass

497 3rd Street #PH

Park Slope, Brooklyn

$2,995,000

Interested in this property?
Active For Sale • Condo

$2,995,000

$1,585 per sq ft

497 3rd Street #PH

Park Slope, Brooklyn

The Homage on 3rd Street

MLS® #RLS20118061

RLS at REBNY

Listing by Compass

Open House Scheduled

Sunday, October 4 • 11:00 AM – 12:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

3
Bedrooms
3
Baths
1,890
Sq. Ft.
2020
Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 1,890 sq ft
Lot Size 1,980 sq ft
Year Built 2020
Ownership Condo
HOA/Common Charges $2,057/mo
Property Taxes $10,776/yr
Neighborhood Park Slope
Floor 5 of 6

Property Highlights

  • Exposure: North facing
  • Outdoor Space: Terrace, Balcony, Rooftop
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 3 Full
Floor 5 of 6
Exposure North
Heating Central
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 2020
Living Area 1,890 sq ft
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Lot Size 1,980 sq ft
Block/Lot 00976/1205

Listing History

Event Date Price Change
Listed Sep 29, 2026 $2,995,000 -
Currently Oct 1, 2026 $2,995,000 -

Description

This duplex Penthouse is a rare combination of three private outdoor spaces, three bedrooms, and three full baths, just two blocks from Prospect Park. The keyed elevator opens directly into the apartment, where you are welcomed by the double-height, south-facing, European-engineered windows bathing the living and dining space in light. Wide-plank white oak runs throughout the great room, with space for separate living and dining. Anchoring the living area is the chef’s kitchen with custom cabinetry, Café appliances, a wine refrigerator, and a Bosch dishwasher, positioned so that whoever is cooking stays in the conversation. Two bedrooms occupy the rear of this level. The first bedroom has its own balcony, walk-in closet, and an ensuite bath with a double vanity, linen closet, and a rain shower behind a custom grid-patterned black bronze door. The second bedroom sits adjacent to the second bathroom with a soaking tub. A laundry closet with a washer and dryer completes the lower level. Ascending the staircase, you enter the upper floor, flanked by terraces on both ends. The front terrace measures over two hundred square feet, wide enough for a dining table and a lounge area, making it perfect for hosting. A well-sized foyer space can easily double as a home office area and separates the bedroom space. The primary bedroom includes a windowed en-suite bath featuring a steam shower, separate deep soaking tub, and generous double-sized vanity. Add a wall of custom closets and its own separate north-facing terrace, and you have a space perfect for a quiet moment at the end of a long day. The Homage is a boutique, pet-friendly condominium with virtual doorman security and an entry system, and a fobbed package room. Private storage is available for purchase. Offered as a sponsor unit. Third Street is an idyllic Park Slope block, wide and densely tree-lined. Prospect Park and its 526 acres are two blocks east. Fifth and Seventh Avenues, with their restaurants and shops, are around the corner, and the F, G, 2/3, R, Q, and B trains are all within reach. Please note that the taxes shown reflect the primary condominium tax abatement. The complete offering terms are in an offering plan available from the sponsor. File No. CD19-0327. Sponsor: The Homage on 3rd, LLC, 291 5th Avenue, Brooklyn, NY 11215. Equal Housing Opportunity.

Features & Amenities

Interior Features

Double Vanity High Ceilings His And Hers Closets Kitchen Island Recessed Lighting Soaking Tub Building Washer Dryer Install Allowed In Unit Flooring: Hardwood

Exterior Features

Balcony Building Roof Deck Private Entrance Private Outdoor Space Over60 Sqft Terrace Balcony Rooftop

Building Amenities

Elevators Package Room Storage

Appliances

Gas Cooktop

Building Information

Financial Details

Common Charges $2,057/mo
RE Taxes $10,776/yr ($898/mo)

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

103

Median Asking Price

$1.80M

Median $/Sqft

$1,334

Avg Days on Market

N/A

New This Week

14

Price Reduced

10%

Sold (30 Days)

29

Median Sale Price

$1.70M

Live data from RLS at REBNY • Updated 9/30/26, 10:41 PM EST

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Location

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497 3rd Street #PH, Park Slope, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1921
Year Built
105 years old
6
Floors
4
Residential Units
R6A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $573,751
Land Value: $80,101
Exemptions: $0

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

Lot Area: 1,980 SF
Building Area: 5,700 SF
Built FAR: 2.88
Allowed FAR: 3

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 $2,057 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $10,776, or roughly $898 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 1,890 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2020, making it approximately 6 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 $2,995,000 for 1,890 sq ft, the asking price per square foot is approximately $1,585. 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: RLS20118061
First Listed: 9/29/2026
On Market: 9/29/2026
Price Changed: 9/29/2026
Contract Date: 9/29/2026

Listing Courtesy of Compass - SARAH J RIEGLE

Listing Contact: (917) 371-6595

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 10/1/2026 at 2:41 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Park Slope Market Update

29 sales last 30 days · $1.80M median · 3.6 months supply

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New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Park Slope Borough Brooklyn
County Kings
Floor 5 of 6
Year Built 2020
First Listed 9/29/2026
Living Area 1,890 sqft
Common Charges $2,057/mo
Annual Tax $10,776

Monthly Costs Estimate

Down Payment 20%

$599,000

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 $2,057
Est. Taxes $898
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 $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$37,438

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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