--- title: "501 8th Avenue #PH, New York City, NY 11215" description: "501 8th Avenue #PH, New York City, NY 11215 — Park Slope, New York City, NY. Listing Price $2,995,000. In contract 7/31/2026. 3 bed, 3 bath, 235 sqft Illustrative Buyer Commission Share of $44,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-ph-PH-ny-11215" source: "Real Estate Rebate Team" dateModified: "2026-09-11T13:47:42.352Z" status: "Pending" --- # 501 8th Avenue #PH, New York City, NY 11215 Park Slope, New York City, NY **Sponsor Residence** Courtesy of Douglas Elliman Real Estate Last updated: September 11, 2026, 9:47 AM ## At a Glance - **Listing Price**: $2,995,000 - **Status**: In contract 7/31/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 3 - **Baths**: 3 - **Sqft**: 235 - **Common Charges**: $738 / mo - **Price per Sqft**: $12,745 - **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**: $2,995,000 - **Illustrative Buyer Commission Share**: -$44,925* - **Illustrative Net Cost**: $2,950,075 *Illustrative Buyer Savings of $44,925 — 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 #PH, New York City, NY 11215 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/18857b89-254c-41c0-a15f-4ca658e8500e.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0ae94f37-9f56-4bea-915d-b5bf92d3417a.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/448bce90-6d1c-4cee-a2a1-13f14a42781d.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09e42c43-c35e-418d-9d28-441dfd78623a.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f63451b3-985c-4afc-9793-be679139978c.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bf86419e-4a1b-48fc-9479-e6879c5d55d1.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f8dfac97-bae7-4966-9055-3b0a26516663.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3a7fae7-ce33-4103-825a-f90ce3834dc5.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/90d79283-78a2-45e1-9377-ac1e14a68f98.jpg) ![501 8th Avenue #PH, New York City, NY 11215 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e855aef7-e95a-4b24-a540-7a38e2d26b53.jpg) ## Property Overview Perched atop one of Park Slope's most distinctive new boutique condominium, Residence No. 4 is a beautifully appointed three-bedroom, three-bathroom penthouse offering exceptional light, sophisticated design and private outdoor living. Spanning approximately 1,720 square feet, this full-floor home occupies the entire top level of 501 8th Avenue, a landmarked corner building moments from Prospect Park. With fifteen oversized windows and exposures on multiple sides, the residence is bathed in natural light throughout the day, creating a bright and airy atmosphere rarely found in Brooklyn. The expansive living room is particularly impressive, framed by oversized windows that capture charming neighborhood views and treetop vistas. Designed for both entertaining and everyday comfort, the open-concept living and dining spaces flow seamlessly into a thoughtfully crafted kitchen featuring custom cabinetry, abundant storage and a suite of premium appliances, including a Bertazzoni induction range. Refined finishes, clean architectural lines and a carefully curated material palette create a timeless and elegant backdrop throughout the home. The residence offers three generously sized bedrooms and three full bathrooms, providing a flexible and functional layout. The primary suite serves as a serene retreat, complete with a luxurious en-suite bath and ample closet space. Secondary bedrooms are thoughtfully separated to maximize privacy and versatility for guests, family or home office use. Spa-inspired bathrooms are finished with elegant materials and a calming modern aesthetic. Above, a private 235-square-foot rooftop terrace serves as an extension of the living space, offering a rare outdoor escape for dining al fresco, entertaining guests or simply enjoying quiet moments above the treetops. This home also includes private basement storage. Located just one block from Prospect Park on a picturesque tree-lined street, 501 8th Avenue places residents at the center of one of Brooklyn's most beloved neighborhoods, surrounded by acclaimed restaurants, cafés, boutiques and convenient transportation options. Residence No. 4 presents a rare opportunity to enjoy penthouse living with exceptional light, private outdoor space and refined modern design in the heart of Park Slope. The complete terms are in an offering plan available from the Sponsor (File No: CD25-0270). ## Property Details - **Property Type**: Apartment - **Beds**: 3 - **Baths**: 3 - **Rooms**: 14 - **Sqft**: 235 sqft - **Stories**: 4 - **Year Built**: 1920 - **Price per Sqft**: $12,745 - **Common Charges**: $738 / Monthly - **Listed On**: Jun 5, 2026 - **Days on Market**: 103 Days ### Residence Features - Washer Hookup - In Unit - Private Outdoor Space Over 60 Sqft - Storage - Walk-In Closet(s) - Dishwasher - Washer Dryer Allowed ## Sales Evidence ### How this price compares The median closed price for comparable condo three-bedroom sales in Park Slope is $2,272,652, based on 36 sales between October 2024 and June 2026. This home is asking $2,995,000, $722,348 above that median. The middle half of those sales closed between $1,993,750 and $2,875,825. - **Median closed price**: $2,272,652 - **Middle half**: $1,993,750 – $2,875,825 - **Based on**: 36 condo three-bedroom sales in Park Slope - **Period**: October 2024 – June 2026 - **Median $/ft²**: $1,530/ft² Across the 33 of these sales with a published asking price, the median closed at 100% of what it originally asked. 39% 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**: 100% of the original ask - **Closed below ask**: 39% of 33 sales - **Listed → in contract**: 50 days (about 7 weeks) - **In contract → closed**: 64 days (about 9 weeks) Across the 33 of these sales with a published asking price, the median closed at 100% of what it originally asked. 39% of them closed below the original ask. Half of these homes were in contract within 50 days (about 7 weeks) of coming to market, based on the 33 with a recorded listing date. Once a deal was agreed, closing took a further 64 days (about 9 weeks), based on the 32 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 36 condo three-bedroom sales in Park Slope, October 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house three-bedroom sales in Park Slope, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $1,826,425 | 22 | | 2018 | $1,627,500 | 14 | | 2020 | $1,830,000 | 11 | | 2021 | $1,730,000 | 38 | | 2022 | $3,233,200 | 42 | | 2024 | $2,138,125 | 10 | | 2025 | $2,050,000 | 19 | | 2026 | $2,610,000 | 16 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Park Slope instead. 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) ## Price and Property History for 501 8TH Avenue, Unit PH Review the recorded listing activity for 501 8TH Avenue, Unit PH, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $204,000, or 6.4%, on July 7, 2026 - **Originally listed**: June 5, 2026 at $3,300,000 - **Entered contract**: July 31, 2026 | Date | Price | Listing event | | --- | --- | --- | | July 31, 2026 | $2,995,000 | Entered contract | | July 7, 2026 | $2,995,000 | Asking price reduced by $204,000, or 6.4% | | June 5, 2026 | $3,300,000 | Listed for sale by Douglas Elliman Real Estate | ## Property Tax History Taxes at 501 8th Avenue #PH 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [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 | 102 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 | 145 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 | 127 days | | [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 | 3 days | ## Estimated Monthly Payment **$15,882 / month**, assuming a 20% down payment ($599,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $15,144 - **Common Charges**: $738 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.