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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.

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  1. Home
  2. Buy
  3. New York City
  4. Brooklyn
  5. 11216
  6. 882 PARK Place
Property thumbnail
1 / 51
•Crown Heights

882 PARK Place, New York City, NY 11216

Listing Courtesy of Corcoran Group

$2,850,000

Potential Rebate: $42,750

6 Beds
3 Baths
10 Rooms
3,675 sqft
Built 1899
3 Stories
776/ft²
Listed on Nov 7, 2025
49 days on market
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Overview

882 Park Place offers a rare opportunity to reside in and shape a soulful Brooklyn brownstone-a stately 4-story Renaissance Revival limestone home rooted in the architectural heritage of Crown Heights, with generous proportions, original details, and four fireplaces, complete with an income-producing garden-level residence, all set on an exceptionally deep 135-foot lot in a sought-after enclave of Historic Crown Heights.<br> <br> Enter through the dark wood-paneled vestibule into a gracious entry hall, where carved millwork, parquet flooring, and coffered ceiling details set the tone for the home's scale and character. The parlor floor stretches the full depth of the house, with a spacious great room anchored by a tiled fireplace and mantel, a beautiful front bay window, and classic pocket doors. To the rear, the open kitchen has been lovingly restored, featuring stained glass, exposed brick, warm wood cabinetry, and a gas range. A dining area sits alongside, taking in soft south-facing light throughout the day, and opens directly to a rear deck with stairs leading to the expansive garden, creating a natural indoor-outdoor connection.<br> <br> Traveling up the artfully crafted wood staircase with carved balusters, the second floor unfolds as a comfortable private level. Here, two bedrooms and a full bathroom offer flexibility and scale. The primary bedroom spans the full width of the home and includes a walk-in closet and sitting area framed by bay windows. The second bedroom features an oriel extension and a decorative fireplace with meaningful potential for restoration. The bathroom continues the home's character with stained glass accents and custom millwork cabinetry.<br> <br> The top floor opens into a luminous studio space, with higher ceilings than typically found on a top-level, a sweeping bay window, and a skylight that draw in light throughout the day-ideal for art, writing, or quiet work. Currently configured as two bedrooms and a full bathroom, this inspiring and flexible level is the ultimate blank canvas to suit your imagination.<br> <br> Stepping outside, the extra-deep garden is a rare find, made possible by the 135-foot lot. This leafy sanctuary reflects the current owners' love of foliage and slow, intentional outdoor living. The depth allows for distinct outdoor zones, giving the garden-level apartment its own private area while the owner's triplex enjoys a quiet, green retreat for dining, gathering, and summer evenings under the trees. There is plenty of room here to shape the outdoor space to your own vision over time.<br> <br> On the garden level is a charming, renovated one-bedroom floor-through with a flexible layout, sun-filled kitchen, its own fireplace with a stove insert, in-unit washer/dryer, and direct access to its dedicated garden space. With its private entrance below the stoop, it is well-positioned for strong rental income from day one or functions beautifully as a guest suite, studio, or extended living space.<br> The semi-finished cellar offers higher-than-average ceilings, slate tile flooring, updated mechanical systems, and a dedicated washer/dryer for the owner's use. It works naturally as storage, a gym, workshop, or creative workroom, and extends to the front of the building for flexibility of future use.<br> <br> Located on a quiet, tree-lined block of brownstones with extra-wide sidewalks, Park Place is part of a select stretch of Crown Heights with extra-deep lots, creating a rare sense of openness behind the homes. Just moments away, Franklin and Nostrand Avenues offer some of the neighborhood's most loved coffee shops, bakeries, restaurants, and bars, including Bien Cuit, Choice Market, Colina Cuervo, Cotton Bean, Ursula, Chavela's, Aita, Taqueria Mileo, Bar Corvo, Drink, and King Thai. Brower Park and the Brooklyn Children's Museum are nearby, and multiple subway options (Nostrand Av A/C, Franklin Ave 2/3/4/5, and the Park Place Shuttle) provide easy access to Manhattan and Downtown Brooklyn.<br>

Home Features

  • •Washer Hookup
  • •In Unit
  • •Private Outdoor Space Over 60 Sqft
  • •Smoke Free
  • •Washer Dryer Allowed

Estimated Monthly Payment

$14,349 per month

30 year fixed, 6.28% Interest

Principal and Interest
$14,083
Property Taxes
$266
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$42,750

Monthly savings impact

$119/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 Corcoran Group

Data Source: TRESTLE #RLS20058815

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Price Analysis

Compare average listing prices and value metrics for 882 PARK Place against the surrounding Crown Heights market.

Based on 1 active units in building vs 64 in area

Average List Price

Building$2.9M
Neighborhood$1.7M

Price Per SqFt

Building Avg$776/ft²
Neighborhood Avg$1,070/ft²
Value Opportunity

27.49% Lower

than the Crown Heights 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.

Crown Heights

Overview of Crown Heights

Crown Heights is a neighborhood of contrasts and energy. Combining the Caribbean heritage of the West Indian Day Parade with a booming young professional scene, it is one of Brooklyn's most dynamic areas. For buyers seeking Crown Heights Brooklyn real estate, it offers proximity to cultural institutions and spacious pre-war housing.

Living in Crown Heights is vibrant. Franklin Avenue is one of the trendiest dining strips in the borough, while Eastern Parkway offers a grand, tree-lined promenade designed for sunday strolls.

Real Estate & Housing Market

The market for homes for sale in Crown Heights is diverse. To the north, you find grand townhouses and limestone mansions. To the south, large pre-war elevator buildings offer co-ops and rentals.

It is a market that offers value compared to neighboring Prospect Heights, while sharing many of the same amenities.

Lifestyle & Community

The lifestyle in Crown Heights is eclectic. Residents drink cocktails at intricate speakeasies on Franklin Ave, buy spices at Caribbean markets on Nostrand, and visit the Brooklyn Children's Museum.

The community is a unique blend of Afro-Caribbean families, the Chabad-Lubavitch Jewish community, and new residents.

Transportation & Accessibility

Crown Heights has distinct transit advantages. The 2/3/4/5 express trains on Eastern Parkway whisk commuters to Wall Street in 20 minutes.

The A/C trains serve the northern section, providing excellent coverage.

Parks, Schools & Amenities

Brower Park is a local favorite, and the neighborhood borders the Brooklyn Botanic Garden. The Weeksville Heritage Center provides deep historical context to the area.

Amenities are rich: varied dining, proximity to the Brooklyn Museum, and strong community centers.

Who This Neighborhood Is Best For

Crown Heights is best for diversity seekers, commuters (the express trains are unbeatable), and buyers wanting spacious pre-war apartments near Prospect Park.

Crown Heights GuideAll Neighborhoods
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