524 3rd Street, Brooklyn (Park Slope), NY, 11215 | $4,790,000

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.

Features

  • Town: Brooklyn
  • Amenities: Garden; Laundry Room;
  • Rooms: 9
  • Year Built: 1901
  • Cooling: Unknown Type
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 18'3"x50'
  • OLR#: RPLU1032522874280
  • Days on Market: 152 days
  • Website: https://www.raveis.com
    /eprop/RPLU1032522874280/5243rdstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Serhant LLC

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

524 3rd Street, Brooklyn (Park Slope), NY, 11215

$4,790,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,832,000 $3,832,000 $3,832,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.229% 6.486% 6.307%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,059 $23,907 $32,596
Total Monthly Payment $22,184 $24,032 $32,721

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.