$449,000
Updated 8 years ago
Off Market

842 Park Place, 4-E

Crown Heights, Brooklyn | New York Ave & Nostrand Ave

10 Rooms4 Beds1.5 Baths1,800 Square FeetCo-op

$449,000
Maintenance$950
Price Per SF
$249

Listing Features

  • Abundant Closets
  • Corner Apartment
  • Galley Kitchen
  • Washer / Dryer
  • Bay Windows
  • Oversized Windows
  • Dishwasher
  • Gourmet Kitchen
  • Windowed Kitchen
  • Powder Room

Outdoor space and views

  • East Exposure
  • North Exposure
  • South Exposure

Building Amenities

  • Voice Intercom

Property Description for 842 Park Place, 4-E

This enormous and beautiful co-op apartment is a fabulous deal ? but only certain lucky buyers are eligible for this good deal:

This is an HDFC coop, a popular kind of NYC coop where prices are kept low and purchasing is reserved for moderate income buyers. Requirements:
-Household income must be below 120% of median income (see below)
-Purchaser must live in the unit. (Primary residence. Renting permitted for 18 months every 5 years)

This truly huge apartment is located in a majestic carved limestone coop building that was completely renovated in 2005 and boasts nearly 1800 square feet on one mammoth light filled floor with over 12 bright windows. There are 4 full bedrooms and 1.5 bathrooms, separate living and formal dining rooms and a large windowed chefs kitchen, plus private laundry in the apartment.

This building is conveniently located on Park Place; part of the North Crown Heights Historic District and one of Brooklyn's most coveted and architecturally significant brownstone blocks. The Brooklyn Children's Museum is 2 blocks away. The A/C train at Fulton and Nostrand is a quick stroll; same for the 3 train at Eastern Parkway and Nostrand. The thriving restaurant row on Franklin is just 2 blocks away.

Income Caps for Purchasing
Family Size - 1 person = $87,720
Family Size - 2 person = $100,200
Family Size - 3 person = $112,680
Family Size - 4 person = $125,160

Listing History for 842 Park Place, 4-E

Now
10/31/2018
POM by Bren Salamon
Douglas Elliman
06/15/2018
Contract Signed by Bren Salamon
Douglas Elliman

Building Details for 842 Park Place

OwnershipCo-op
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Financing Allowed90%
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.24 miles
President St-Medgar Evers College
0.38 miles
Park Pl
0.43 miles
Franklin Av-Medgar Evers College
0.48 miles
Kingston Av
0.48 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.36 miles

Citi Bike

Prospect Pl & Nostrand Ave
0.07 miles
Sterling Pl & New York Ave
0.13 miles

Contact Agent

Contact Agent

Bren Salamon
Douglas Elliman

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1061805