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524 3rd Street

$4,999,000 ($1,344 per ft2) | 5 beds, 5 baths | Approx. 3,720 ft2
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105 days on Market

Key Details

  • Listed: Jan 16, 2024
    Days on Market: 105
    Building Type: Townhouse
    Neighborhood: Park Slope (Brooklyn)
Monthly Real Estate Taxes: $1,253
Total Taxes & Fees: $1,253 ($0.34/ft2)
Est. Monthly Mortgage: $27,608
Total Est. Monthly Carrying Cost: $28,861 ($7.76/ft2)
Note: the above is based on a down payment of 20% ($999,800), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: Desirable Park Slope Neighborhood
  • This spacious townhouse is located in the highly sought-after Park Slope neighborhood, within walking distance to charming boutique shops, cafes, and restaurants along 5th and 7th Avenues. It's also conveniently close to Prospect Park, Grand Army Plaza, and Union Street and 7th Avenue subway stations for easy access to all of Brooklyn and Manhattan.
  • Size and Layout: Spacious Five-Bedroom Townhouse
  • The property offers approximately 3,720 square feet of living space, including five bedrooms and five bathrooms, providing ample space for a family or for hosting guests. It also features a grand stoop entry, lofty ceiling heights, a striking fireplace, and a spacious chef’s kitchen.
  • Architectural and Historical Value: Designed by Renowned Architect
  • Designed by renowned Brooklyn architect Axel Hedman in 1909, this pre-war building adds historical and architectural value, enhancing its charm and character.

Description

524 3rd Street stands as a Neo-Italian Renaissance townhouse envisioned by the renowned Brooklyn architect Axel Hedman in 1909. Nestled on one of Park Slope’s most coveted tree-lined streets, this impressive residence serves as a gateway to Prospect Park. Encompassing a generous 4,000 square feet, this captivating 18.25-wide home spans four stories and is currently arranged as an upper triplex with a separate entry on the garden level.

Beyond the gracious and private forecourt, a grand stoop entry leads to the expansive triple parlor floor of the owner’s unit. Adorned with period details, lofty ceiling heights, and a striking fireplace, this floor becomes an ideal space for entertaining. A living room, dining room, and spacious chef’s kitchen contribute to a welcoming and gracious layout.

A rear terrace adjacent to the kitchen provides a perfect setting for al fresco dining. The upper triplex comprises four sizable bedrooms with two renovated bathrooms, strategically placed on each floor. The top floor also hosts a small office. Recent upgrades such as Mitsubishi split units throughout are a welcome amenity.

The professional space on the lower level offers versatile options, serving as an additional income source, a gracious guest suite, or the potential to seamlessly integrate into the upper triplex, forming a stunning single-family home. 524 3rd Street is mere minutes away from Prospect Park, the historic Grand Army Plaza, and the Union Street and 7th Avenue subway stations, ensuring convenient access to all of Brooklyn and Manhattan. Furthermore, the charming boutique shops, cafes, and restaurants along 5th and 7th Avenues are just steps away.

This home presents unparalleled value and convenience in the heart of prime Park Slope.

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Building Amenities

  • Pre War

Listing Agent (Seller's Representative)

Listing courtesy of Serhant LLC

Pricing History

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Area info for 524 3rd Street

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Subways

  1. F
at 7th Ave and 9th 0.28 miles

Pricing comparison

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