--- title: "501 8th Avenue #ONE, New York City, NY 11215" description: "501 8th Avenue #ONE, New York City, NY 11215 — Townhouse in Park Slope, Brooklyn, NY. Listing Price $3,500,000. 4 bed, 4 bath, 2,701 sqft Illustrative Buyer Commission Share of $52,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-one-ny-11215" source: "Real Estate Rebate Team" dateModified: "2026-09-12T20:30:31.108Z" status: "Active" --- # 501 8th Avenue #ONE, New York City, NY 11215 Townhouse in Park Slope, Brooklyn, NY **Sponsor Residence** Courtesy of Douglas Elliman Real Estate Last updated: September 12, 2026, 4:30 PM ## At a Glance - **Listing Price**: $3,500,000 - **Beds**: 4 - **Total Baths**: 4 - **Sqft**: 2,701 - **Common Charges**: $937 / mo - **Price per Sqft**: $1,296 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,500,000 - **Illustrative Buyer Commission Share**: -$52,500* - **Illustrative Net Cost**: $3,447,500 *Illustrative Buyer Savings of $52,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/58d8a883-f986-463f-afd1-471ca2cf6a3e.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fd510c31-e086-4f29-988f-85c2eb0a083f.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7d03e2c2-fcb9-460d-8486-af79a1cd4cad.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/73bbd40f-9c2a-4b8c-9e8f-e6b951c758b8.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d920e58b-2041-4d59-8886-b6578c7ad54b.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6be39a31-da9c-4e46-8f9f-805efb86681f.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bac159f4-76ab-4204-ac88-5afb0e338ae0.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4b448fa3-b6ed-4e09-bf37-9bb476d5925b.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1df0ef01-b3bb-4e91-8424-056a32a20bad.jpg) ![501 8th Avenue #ONE, New York City, NY 11215 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/83b89aa2-90eb-420e-8f79-a663e57a3fab.jpg) ## Property Overview Introducing Residence No. 1 at 501 8th Avenue, an expansive four-bedroom, three-and-a-half-bathroom home offering 2,701 square feet of interior space, a private 240-square-foot side yard and an exceptional location just one block from Prospect Park. Set within a distinguished landmarked corner building, Residence No. 1 pairs the character of classic Brooklyn architecture with a refined, contemporary interior. Fourteen windows and exposures on multiple sides bring natural light throughout the home, while the building's depth creates a sense of privacy and separation rarely found in Park Slope. The main living spaces are open and thoughtfully designed for both everyday life and entertaining. A beautifully appointed kitchen anchors the living and dining areas with custom cabinetry, generous storage and premium appliance package, including a Bertazzoni induction range. Four bedrooms provide flexibility for a range of living arrangements. The primary suite offers a serene retreat, while the additional bedrooms are positioned with privacy and functionality in mind. One secondary bedroom retains original stained glass windows-a distinctive architectural detail that brings color, character and a meaningful connection to the building's history. Three full bathrooms and a powder room are finished with an elegant and calming, spa-like aesthetic. Nearly 1,200 square feet of the residence is located on the lower level, dramatically expanding the ways this home can be lived in. The generous footprint can easily accommodate a secondary living room in addition to a home office or gym, with additional space for storage. This flexibility, paired with the scale of the upper level, gives Residence No.1 the versatility of a townhouse within the ease of condominium living. Outdoors, the private 240-square-foot side yard creates a natural extension of the home and a rare opportunity for al fresco dining, gardening or a quiet retreat. Located on a picturesque Park Slope block just moments from Prospect Park, 501 8th Avenue is surrounded by some of Brooklyn's best dining, shopping and neighborhood amenities, with convenient access to transportation. Residence No. 1 offers an uncommon combination of scale, natural light, private outdoor space and historic character-all within one of Brooklyn's most sought-after neighborhoods. The complete terms are in an offering plan available from the Sponsor (File No: CD25-0270). ## Property Details - **Property Type**: Duplex - **Beds**: 4 - **Total Baths**: 4 - **Rooms**: 15 - **Sqft**: 2,701 sqft - **Stories**: 4 - **Year Built**: 1920 - **Price per Sqft**: $1,296 - **Common Charges**: $937 / Monthly - **Listed On**: Sep 12, 2026 - **Days on Market**: 1 Days ### Residence Features - Building Other - In Unit - Garden - Private Outdoor Space Over 60 Sqft ## Sales Evidence ### How this price compares The median closed price for comparable condo four-bedroom sales in Park Slope is $4,147,500, based on 4 sales between February 2025 and June 2026. This home is asking $3,500,000, $647,500 below that median. The middle half of those sales closed between $2,957,500 and $5,461,875. - **Median closed price**: $4,147,500 - **Middle half**: $2,957,500 – $5,461,875 - **Based on**: 4 condo four-bedroom sales in Park Slope - **Period**: February 2025 – June 2026 - **Median $/ft²**: $1,920/ft² Across the 4 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 75% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Park Slope instead. ### How these sales were negotiated - **Sold vs original ask**: 96.2% of the original ask - **Closed below ask**: 75% of 4 sales - **Listed → in contract**: 56 days (about 8 weeks) - **In contract → closed**: 76 days (about 11 weeks) Across the 4 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 75% of them closed below the original ask. Half of these homes were in contract within 56 days (about 8 weeks) of coming to market, based on the 4 with a recorded listing date. Once a deal was agreed, closing took a further 76 days (about 11 weeks), based on the 4 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 4 condo four-bedroom sales in Park Slope, February 2025 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 501 8TH Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/501-8th-avenue) ## Property Tax History Taxes at 501 8th Avenue #ONE were $25,030 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,768,500 | $310,950 | $1,457,550 | $200,236 | $25,030 | 12.5% (estimated) | | 2025 (FY 2025/26) | $1,562,400 | $310,950 | $1,251,450 | $185,405 | $23,176 | 12.5% (estimated) | | 2024 (FY 2024/25) | $1,953,180 | $310,950 | $1,642,230 | $171,727 | $21,466 | 12.5% | | 2023 (FY 2023/24) | $1,627,650 | $310,950 | $1,316,700 | $159,050 | $19,884 | 12.502% | | 2022 (FY 2022/23) | $1,365,300 | $310,950 | $1,054,350 | $159,050 | $19,511 | 12.267% | | 2021 (FY 2021/22) | $1,092,150 | $310,950 | $781,200 | $154,028 | $18,845 | 12.235% | | 2020 (FY 2020/21) | $1,192,950 | $310,950 | $882,000 | $142,619 | $17,495 | 12.267% | | 2019 (FY 2019/20) | $1,094,040 | $310,950 | $783,090 | $132,098 | $16,477 | 12.473% | | 2018 (FY 2018/19) | $122,346 | — | — | $122,346 | $15,430 | 12.612% | | 2017 (FY 2017/18) | $122,346 | — | — | $122,346 | $15,561 | 12.719% | | 2016 (FY 2016/17) | $118,483 | — | — | $118,483 | $15,275 | 12.892% | | 2015 (FY 2015/16) | $109,707 | — | — | $109,707 | $14,134 | 12.883% | | 2014 (FY 2014/15) | $101,614 | — | — | $101,614 | $13,062 | 12.855% | | 2013 (FY 2013/14) | $94,113 | — | — | $94,113 | $12,371 | 13.145% | | 2012 (FY 2012/13) | $94,113 | — | — | $94,113 | $12,405 | 13.181% | | 2011 (FY 2011/12) | $91,141 | — | — | $91,141 | $12,243 | 13.433% | | 2010 (FY 2010/11) | $84,390 | — | — | $84,390 | $11,269 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3010850010. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 501 8th Avenue 501 8th Avenue, Brooklyn, NY 11215 A building in the neighborhood, currently featuring 4 active listings. - **Year Built**: 1920 - **Total Units**: 4 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/501-8th-avenue) ### Available Residences — For Sale (4) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [ONE](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-one-ny-11215) | 4 | 4 | 2,701 sqft | $1,296 | $3,500,000 | Douglas Elliman Real Estate | Sep 12, 2026 | 1 days | | [2](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-2-ny-11215) | 4 | 3 | 1,672 sqft | $1,974 | $3,300,000 — In contract | Douglas Elliman Real Estate | Apr 23, 2026 | 143 days | | [3](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-3-ny-11215) | 4 | 3 | 1,693 sqft | $1,949 | $3,300,000 — In contract | Douglas Elliman Real Estate | May 11, 2026 | 125 days | | [PH](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-ph-PH-ny-11215) | 3 | 3 | 235 sqft | $12,745 | $2,995,000 (-6.4%) — In contract | Douglas Elliman Real Estate | Jun 5, 2026 | 100 days | ## Estimated Monthly Payment **$18,635 / month**, assuming a 20% down payment ($700,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $17,698 - **Common Charges**: $937 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Park Slope Overview of Park Slope [Explore Park Slope](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Park Slope - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) - [South Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/south-slope) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [Carroll Gardens real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/carroll-gardens) ## Related Links - [501 8TH Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/501-8th-avenue) - [Park Slope neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.