For Sale · Listing by Compass
405 Park Place
Prospect Heights, Brooklyn
$5,200,000
405 Park Place
MLS® #RLS20118757
Listing by Compass
- 6
- Bedrooms
- 4.5
- Baths
- 3,440
- Sq. Ft.
- 1895
- Year Built
Quick Summary
Property Highlights
- Style: ContemporaryModern,WalkUp architecture
- Climate Control: Central Air
- Character: Pre-war building (1895)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Oct 2, 2026 | $5,200,000 | - |
| Currently | Nov 2, 2026 | $5,200,000 | - |
Description
Welcome to 405 Park Place, a beautiful four-story, three-family brownstone on one of the most sought-after, tree-lined blocks in vibrant Prospect Heights, Brooklyn. Set on an extra-deep 131 foot lot, this home offers space, character, and the potential to generate six-figure annual rental income. The owner's garden parlor duplex features a spacious eat-in country-style kitchen, a formal dining room and living room that flow together in an open-concept layout, and a convenient half bath. Upstairs, the parlor floor serves as the private living quarters, featuring two bedrooms, each with its own en-suite bathroom. The grand parlor room, currently used as a bedroom, features oversized windows, stained glass transoms, high ceilings, and a decorative ceiling medallion. Throughout the home, original details add warmth and character, including original hardwood floors, pocket doors, five-panel wood doors, detailed baseboard moldings, built-in cabinetry, an ironing board cabinet, cedar-lined closet, French doors, tin ceiling, and original bannister with spindles and newel post. The parlor-level foyer retains its grand original entry doors and pier mirror. Each unit has its own washer and dryer, dishwasher, microwave, and central heating and air conditioning with stainless steel LG appliances. Additional storage is available in the basement. For buyers looking to own a piece of Brooklyn history while creating substantial rental income, four o five Park Place offers a rare combination of historic character, generous space, and income-producing potential.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Prospect Heights
View All Prospect Heights ListingsProspect Heights is a compact Brooklyn neighborhood anchored by the Brooklyn Public Library, Grand Army Plaza, Prospect Park, and the Brooklyn Museum. The real estate market features historic brownstones, pre-war cooperatives, and new developments like Pacific Park, with 2/3/B/Q/4 train service.
Prospect Heights Live Market Data
View NeighborhoodActive Listings
32
Median Asking Price
$1.12M
Median $/Sqft
$1,484
Avg Days on Market
N/A
New This Week
3
Price Reduced
13%
Sold (30 Days)
14
Median Sale Price
$1.41M
Live data from RLS at REBNY • Updated 11/1/26, 10:23 PM EST
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Location
405 Park Place, Prospect Heights, Kings County
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 $0 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $9,252, or roughly $771 per month. Verify the current assessment with your attorney before closing.
This property has 6 bedrooms and 4 full bathrooms and 1 half bathroom.
The listed interior living area is 3,440 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1895, making it approximately 131 years old.
This listing is None
Pet policy requires confirmation with Milton Coste.
At the current list price of $5,200,000 for 3,440 sq ft, the asking price per square foot is approximately $1,512. 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) 416-7433Listing Courtesy of Compass - Cornelia Thomas
Listing Contact: (917) 921-1971
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.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 11/2/2026 at 3:23 AM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 405 Park Place
At $5,200,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Prospect Heights Market Update
14 sales last 30 days · $1.12M median · 2.3 months supply
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Quick Facts
Monthly Costs Estimate
$1,040,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$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 $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$117,000
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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