1070 PARK Place
MLS® #RLS20058691
Listing by Brown Harris Stevens Brooklyn LLC
20
Bedrooms
6.5
Baths
6,400
Sq. Ft.
1931
Year Built
Quick Summary
Property Highlights
- Views: Other
- Style: WalkUp architecture
- Character: Pre-war building (1931)
Property Details
Description
Prime Crown Heights Free-Market 5-Family Overlooking Brower Park – Excellent Investment!
Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn’s most dynamic and appreciating neighborhoods.
The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns.
The property consists of five spacious residential units:
• (3) Four-Bedroom, Two-Bath Apartments
• (1) Three-Bedroom, One-Bath Apartment
• (1) One-Bedroom, One-Bath Apartment
Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closing—a rare and valuable feature for investors looking to reposition or convert.
Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building’s pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights’ vibrant cafés, restaurants, and cultural landmarks.
Highlights:
• Free-market, 5-unit pre-war building
• Mix of large 4BR, 3BR, and 1BR units
• Can be delivered vacant
• Strong rent roll with upside potential
• Overlooking Brower Park
• Short distance from the 3 train at Kingston Ave
• Ideal for 1031 exchange or buy-and-hold.
Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Crown Heights
View All Crown Heights ListingsCrown Heights is a dynamic and architecturally rich neighborhood in the heart of Brooklyn. Famous for its grand boulevards and impressive collection of pre-war apartment buildings and brownstones, the area offers a sense of scale and history. Residents enjoy proximity to the Brooklyn Museum, the Botanic Garden, and a thriving restaurant scene along Franklin and Nostrand Avenues, making it a popular choice for those seeking space and culture.
Location
1070 PARK Place, Crown Heights, Kings County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Map & Location
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Listing Courtesy of Brown Harris Stevens Brooklyn LLC - Isaiah Ajala
Listing Contact: (719) 399-4166
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RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 8:09 AM UTC