--- title: "877 PARK Place, New York City, NY 11216" description: "877 PARK Place, New York City, NY 11216 — Townhouse in Crown Heights, Brooklyn, NY. Listing Price $2,750,000. In contract 6/30/2026. 8 bed, 3 bath, 4,000 sqft Illustrative Buyer Commission Share of $41,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/877-park-place-ny-11216" source: "Real Estate Rebate Team" status: "Pending" --- # 877 PARK Place, New York City, NY 11216 Townhouse in Crown Heights, Brooklyn, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $2,750,000 - **Status**: In contract 6/30/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 8 - **Baths**: 3 - **Sqft**: 4,000 - **Monthly Taxes**: $536 / mo - **Price per Sqft**: $688 - **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**: $2,750,000 - **Illustrative Buyer Commission Share**: -$41,250* - **Illustrative Net Cost**: $2,708,750 *Illustrative Buyer Savings of $41,250 — 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) ![877 PARK Place, New York City, NY 11216 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/446999ab-d155-4285-977f-a30806d1bbd5.jpg) ![877 PARK Place, New York City, NY 11216 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f97175db-4cbf-4f60-ab6c-055dbbb3b495.jpg) ![877 PARK Place, New York City, NY 11216 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ee697531-8a99-4547-ba84-8c23150c8807.jpg) ![877 PARK Place, New York City, NY 11216 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2e08925d-5122-4f50-8880-5bba4cd72e8d.jpg) ![877 PARK Place, New York City, NY 11216 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6b3c790-6d95-417d-9eb2-2c9e61df5ccd.jpg) ![877 PARK Place, New York City, NY 11216 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dacb3255-985d-4fa5-9ab6-dae1a03b9ccd.jpg) ![877 PARK Place, New York City, NY 11216 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e2925985-4406-47c5-9c45-65bb04723d6c.jpg) ![877 PARK Place, New York City, NY 11216 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a0146c07-3a55-4760-ac2e-49bac97aed92.jpg) ![877 PARK Place, New York City, NY 11216 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8714fa57-b3d6-4627-8f01-2ec78b5d36e8.jpg) ![877 PARK Place, New York City, NY 11216 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2ed116ab-4829-4eca-ba72-3668d2b4c370.jpg) ## Property Overview This is the epic townhouse that you have been waiting for ... one of the Grand Dames of Crown Heights, this spectacular example of the Neo-Romanesque Period offers four wide and deep floors filled with the museum-quality historic details for which these homes have become so beloved. Sitting pretty at almost 4000 SF, it offers four floors and a full basement on an extra long 113' lot, allowing you to enjoy an extra deep house with no sacrifices on the size of your garden. The bottom two floors have been built out to 65', while the upper floors are each 45' deep. Distinguished by a dramatic facade offering bay windows on all four floors outlines by distinct dentil molding, punctuated with a rough stone trim that frames floor-to-ceiling windows accented with stained-glass transoms. Every floor in this home is imbued with even more rich detailing on the inside, a gift from the past that will continue to nurture the next steward of this special property. A list of the intact period details reads like a Victorian novel and includes; mahogany wall and ceiling wainscoting, plaster medallions and wedding cake trim, picture, base and ceiling moldings, stained glass windows and skylights, inlaid nailhead floors with zig zag borders, brass hardware, hand-carved mantles, and pocket doors galore. At the top of the stoop awaits a quadruple parlor that is a site to behold and really must be seen in person. Most notable is the formal dining room, a stately space offering elegant plaster coffered ceilings, a detailed mantle with hand-fired ceramic tiles; a front parlor with a fully intact Piers mirror; and a sitting room with the original Corinthian columns. The kitchen resides conveniently in the back, offering an entertaining floor of epic proportions and a peaceful garden view. Prepare to be greeted upon arrival by a dramatic mahogany staircase complete with wood arches and fretwork, and most notably, a formal vestibule wrapped in wall and ceiling wainscoting. Ceiling heights on every floor will astound. The parlor measures in at 12', with the upper floors no less than 10', and even a garden level that approaches 9'. A legal 2-family, the current owners divided the property into two sizable duplexes. The garden and parlor together offer a 2300 SF 3-4 bedroom apartment. The upper two floors offer a 4-bedroom sitting pretty at 1700 SF. With little effort, you can enjoy an owner's triplex with 6 bedrooms and STILL have a garden rental. Or take this entire mansion for yourself. And don't miss the large dry cellar, perfect for storage or a recreation room. Even the garden far exceeds your expectations. Designed by a professional landscaper, it includes a pergola, hardscaping, and perennial plantings, just in time for summer. Three full and windowed bathrooms each offer their own charms. The two upstairs bathrooms have retained their timeless classic appeal and include original clawfoot tubs, porcelain faucets, pedestal sinks, and ceramic glazed tiles. But don't be deceived by all things old. The current owners have been living comfortably in this home for years and you can too. Kitchens have been upgraded, as has the boiler and roof. Do as little, or as much as you want, and be assured that you can live large on a truly picturesque block in one of the most culturally dynamic neighborhoods Brownstone Brooklyn has to offer. Recognized for its historically significant homes, this wide block with its crown of cascading trees is landmarked and ready for you call it home. Live at the crossroads of Crown Heights and Prospect Heights, with Prospect Park, the Brooklyn Museum and the Botanical Gardens nearby, surrounded by an exciting dining scene in every direction on Franklin, Nostrand, Washington and Vanderbilt aves. The nearby Express subway trains at Eastern Parkway and Nostrand make living here a breeze. And don't miss the nearby multitude of grocery stores and services including a Key Food around the corner, and Union Market a couple of blocks away. ## Property Details - **Property Type**: Multi Family - **Beds**: 8 - **Baths**: 3 - **Rooms**: 16 - **Sqft**: 4,000 sqft - **Stories**: 3 - **Year Built**: 1915 - **Price per Sqft**: $688 - **Monthly Taxes**: $536 / mo - **Listed On**: May 10, 2026 - **Days on Market**: 125 Days ### Residence Features - Washer Hookup - In Unit - Private Outdoor Space Over 60 Sqft - High Ceilings - Smoke Free - Storage - Walk-In Closet(s) - Dishwasher - Washer Dryer Allowed ## Sales Evidence ### How this price compares The median closed price for comparable house sales in Crown Heights is $1,999,999, based on 20 sales between September 2021 and August 2026. This home is asking $2,750,000, $750,001 above that median. The middle half of those sales closed between $1,500,000 and $2,358,750. - **Median closed price**: $1,999,999 - **Middle half**: $1,500,000 – $2,358,750 - **Based on**: 20 house sales in Crown Heights - **Period**: September 2021 – August 2026 - **Median $/ft²**: $686/ft² Across the 19 of these sales with a published asking price, the median closed at 94.1% of what it originally asked. 68% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Crown Heights. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 94.1% of the original ask - **Closed below ask**: 68% of 19 sales - **Listed → in contract**: 72 days (about 10 weeks) - **In contract → closed**: 50 days (about 7 weeks) Across the 19 of these sales with a published asking price, the median closed at 94.1% of what it originally asked. 68% of them closed below the original ask. Half of these homes were in contract within 72 days (about 10 weeks) of coming to market, based on the 18 with a recorded listing date. Once a deal was agreed, closing took a further 50 days (about 7 weeks), based on the 18 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 20 house sales in Crown Heights, September 2021 – August 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 877 PARK Place](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/877-park-place) ## Price and Property History for 877 PARK Place Review the recorded listing activity for 877 PARK Place, including asking-price changes and prior market dates. | Date | Price | Listing event | | --- | --- | --- | | July 31, 2026 | $2,750,000 | Listing removed from the market | | June 30, 2026 | $2,750,000 | Entered contract | | May 10, 2026 | $2,750,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 877 PARK Place were $6,510 in 2026, up 0.1% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $101,880 | $24,540 | $77,340 | $32,414 | $6,510 | 20.085% (estimated) | | 2025 (FY 2025/26) | $98,940 | $24,540 | $74,400 | $32,388 | $6,505 | 20.085% (estimated) | | 2024 (FY 2024/25) | $116,400 | $24,540 | $91,860 | $31,649 | $6,357 | 20.085% | | 2023 (FY 2023/24) | $142,800 | $24,540 | $118,260 | $30,310 | $6,088 | 20.085% | | 2022 (FY 2022/23) | $134,460 | $24,540 | $109,920 | $28,627 | $5,814 | 20.309% | | 2021 (FY 2021/22) | $125,460 | $24,540 | $100,920 | $27,012 | $5,392 | 19.963% | | 2020 (FY 2020/21) | $124,980 | $24,540 | $100,440 | $26,990 | $5,680 | 21.045% | | 2019 (FY 2019/20) | $121,440 | $24,540 | $96,900 | $26,374 | $5,583 | 21.167% | | 2018 (FY 2018/19) | $25,258 | — | — | $25,258 | $5,284 | 20.919% | | 2017 (FY 2017/18) | $23,856 | — | — | $23,856 | $4,863 | 20.385% | | 2016 (FY 2016/17) | $22,510 | — | — | $22,510 | $4,500 | 19.991% | | 2015 (FY 2015/16) | $22,492 | — | — | $22,492 | $4,398 | 19.554% | | 2014 (FY 2014/15) | $21,979 | — | — | $21,979 | $4,211 | 19.157% | | 2013 (FY 2013/14) | $21,049 | — | — | $21,049 | $4,040 | 19.191% | | 2012 (FY 2012/13) | $19,880 | — | — | $19,880 | $3,692 | 18.569% | | 2011 (FY 2011/12) | $18,759 | — | — | $18,759 | $3,415 | 18.205% | | 2010 (FY 2010/11) | $18,744 | — | — | $18,744 | $3,255 | 17.364% | 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 3012340060. 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 ### 877 PARK Place 877 PARK Place, Brooklyn, NY 11216 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1915 - **Total Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/877-park-place) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/877-park-place-ny-11216) | 8 | 3 | 4,000 sqft | $688 | $2,750,000 — In contract | Corcoran Group | May 10, 2026 | 124 days | ## Estimated Monthly Payment **$14,441 / month**, assuming a 20% down payment ($550,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $13,905 - **Property Taxes**: $536 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Crown Heights Overview of Crown Heights [Explore Crown Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Crown Heights - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [East Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) ## Related Links - [877 PARK Place — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/877-park-place) - [Crown Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [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.