515 5TH Avenue #3C, New York City, NY 11215
Listing Courtesy of Douglas Elliman Real Estate
$1,275,000
Potential Rebate: $19,125
Overview
<p> </p> <p>Make this charming 960 sq. ft. 2-bedroom, 2-bath residence your new home in the heart of Park Slope! Unit #3C offers a bright and airy layout featuring two sun-drenched bedrooms, including a serene primary suite with a full en-suite bath. The open-concept living and dining area provides the perfect space for both relaxation and entertaining, seamlessly connecting to a stunning Aiko chef's kitchen fitted with sleek B&B Italia cabinetry, stone countertops, and premium stainless-steel appliances - including a Bosch dishwasher and Fisher-Paykel refrigerator. Enjoy your morning coffee or evening wine on your private balcony. Additional features include an in-unit washer/dryer, a stylish secondary full bath with modern finishes, abundant closet and storage space, rich bamboo hardwood flooring throughout, PTAC air-conditioning units, soaring ceilings, and a dedicated private storage unit within the building. 515 Condominium is an intimate, well-maintained boutique elevator building comprised of just 15 residences. Residents enjoy an array of amenities, including a landscaped common backyard and furnished rooftop deck perfect for entertaining or unwinding with skyline views, a recreation room for gatherings or play, and a secure bike room. Perfectly situated between 5th and 6th Avenues, this home places you moments from the best of Park Slope living - including the vibrant shops, cafés, and restaurants along 5th Avenue, the lush green expanse of Prospect Park, and easy access to the R, F, and G subway lines for seamless commuting. The building is pet-friendly, with low common charges of $601.88, and benefits from a 421a tax abatement in place until 2034. There is currently an assessment of $898.79 through May 2026 for facade and Local Law 11 work.</p> <p> </p>
Home Features
- •In Unit
- •Building Courtyard
- •Balcony
- •Building Roof Deck
- •Private Outdoor Space Over 60 Sqft
- •Washer Dryer Allowed
Estimated Monthly Payment
$6,902 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$19,125
Monthly savings impact
$53/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20054263
Price Analysis
Compare average listing prices and value metrics for 5 ONE 5 against the surrounding Park Slope market.
Average List Price
Price Per SqFt
16.85% Lower
than the Park Slope price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Park Slope
Overview of Park Slope
Park Slope is the quintessential family neighborhood of New York. Famous for its miles of brownstones, the expansive Prospect Park, and its progressive, literary vibe, it is often voted one of the best neighborhoods in America. For buyers seeking Park Slope Brooklyn real estate, it is the ultimate blend of beauty, community, and green space.
Living in Park Slope is idyllic. The avenues (5th and 7th) are lined with independent shops and strollers. As a premier Brooklyn NYC neighborhood, it sets the standard for brownstone living.
Real Estate & Housing Market
The market for homes for sale in Park Slope is premium. The "Gold Coast" along Prospect Park West features limestone mansions, while the side streets offer classic brownstones and co-ops.
Prices are high, especially for properties zoned for PS 321. It is a stable, high-value market that attracts families moving from Manhattan.
Lifestyle & Community
The lifestyle in Park Slope is active and community-focused. Residents spend weekends in Prospect Park, shop at the Park Slope Food Coop (if they are members), and dine at farm-to-table restaurants.
The community is known for being liberal, educated, and civic-minded. It is a "small town" within the big city.
Transportation & Accessibility
Park Slope is served by the F, G, R, 2, 3, B, and Q trains (depending on where in the slope you are). Commuting to Midtown takes 25-35 minutes.
The F train at 7th Avenue is the central hub for the neighborhood.
Parks, Schools & Amenities
Prospect Park is the neighborhood's backyard. Designed by the same creators as Central Park, it offers a zoo, a lake, and huge meadows. It is the center of life here.
Amenities are incredible: the Park Slope Food Coop, the Brooklyn Public Library, the Botanic Garden, and excellent public schools make it a self-contained paradise.
Who This Neighborhood Is Best For
Park Slope is best for families, writers, runners, and anyone who prioritizes parks, schools, and community over nightlife.
