332 Park Avenue

332 Park Ave
Clinton Hill

$2,195,000
Price
3
Beds
4
Baths
3,690 Sq. Ft.
$595 / Sq. Ft.
3,690
Sq. Ft.
$595
per Sq. Ft.

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Description

Priced to move at under $600 per square foot and with a multimillion-dollar neighborhood revitalization project in the works, this two-family home may well be the best investment opportunity in Brooklyn today. 332 Park Avenue is a legal two-family townhouse located in the heart of Brooklyn’s historic Clinton Hill. Delivered with one duplex unit occupied by a market-rent tenant and the upper duplex available either with a market-based tenant in place or delivered vacant, this expansive residence spans...Priced to move at under $600 per square foot and with a multimillion-dollar neighborhood revitalization project in the works, this two-family home may well be the best investment opportunity in Brooklyn today. 332 Park Avenue is a legal two-family townhouse located in the heart of Brooklyn’s historic Clinton Hill. Delivered with one duplex unit occupied by a market-rent tenant and the upper duplex available either with a market-based tenant in place or delivered vacant, this expansive residence spans over 5,000 square feet of indoor and outdoor spaces and includes the rare luxury of private parking. Renovated with hardwood floors throughout, recessed lighting, and modern kitchens equipped with stainless steel appliances and custom cabinetry, this home offers nearly 3,700 square feet of interior living space and an additional 1,400 square feet of outdoor space. You have the option to keep the owner’s duplex and the tenant duplex above or transform the property into a full quadplex with a fully finished basement and multiple outdoor spaces. Outdoor areas include a front porch and yard, a spacious rooftop with stunning views of the neighborhood and Manhattan skyline, and two balconies. Additionally, the property features a private driveway with space to park two cars—another highly coveted asset in New York City. The home is equipped with central air, ensuring year-round comfort for all occupants. Whether you prefer to design a triplex for personal use with an additional studio rental or opt for a dual duplex configuration, the property’s flexible layout can accommodate a variety of needs. Natural light pours in from three directions—north, east, and west—creating a bright, airy atmosphere. The lower duplex, featuring two bedrooms, two baths, and two living areas, offers comfort and flexibility. The upper duplex, currently designed as a one-bedroom suite, includes an expansive roof deck, perfect for private outdoor enjoyment. This area is on the cusp of one of Brooklyn’s most promising valuation enhancements, with a $15 million neighborhood revitalization project set to begin in Summer 2025. The project will bring new trees, street lighting, sidewalks, and landscaped public spaces under the Brooklyn-Queens Expressway (BQE). It promises to have a similar impact on property values as other city revitalization projects, like Chelsea’s High Line and the DUMBO waterfront. Both projects dramatically boosted real estate values by creating new public spaces and improving infrastructure, and Clinton Hill’s transformation promises to do the same. The neighborhood surrounding 332 Park Avenue is already vibrant, with local cafes, enticing eateries, and boutique retail options offering a variety of experiences. The tree-lined streets, classic brownstones, and proximity to Pratt Institute and Fort Greene Park further enhance its appeal. At $2,195,000, this legal two-family property is priced at approximately $595 per square foot—an extraordinary opportunity in one of Brooklyn’s most desirable neighborhoods. Additionally, the property benefits from low property taxes of just $1,205 per month. Investors will appreciate the tenant-occupied unit offering immediate rental income, and the upper duplex, which can be delivered with a market-based tenant or vacant. With significant neighborhood upgrades on the horizon, 332 Park Avenue offers both current value and substantial appreciation potential, making it a truly unmatched proposition in today’s market.

Property Details for 332 Park Avenue

Zoning
R6B
View
City, Skyline
LISTING UPDATED: 09/11/2024 05:24 PM

Property Details for 332 Park Avenue

StatusActive
MLS IDPRCH-35136587
Days on Market8
Taxes$1,205 / month
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built2006
Lot Size1,342 SF / 103' x 26'
CountyKings County

Building

332 Park Ave

2 Units4 StoriesBuilt in 2006

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Building Information for 332 Park Avenue

Stories4Residences2Year Built2006Building Size45' x 20'Building Sq. Ft3,600 SFLot Size1,342 SF / 103' x 26'Building Age-Building Type-

Property Information for 332 Park Avenue

Summary
Location and General Information
  • Subdivision Name: Clinton Hill
  • Stories Total: 4
  • Direction Faces: West
  • Exposures: East, West, North
  • Garage Spaces: 0.0
Taxes and HOA
  • Tax Lot: 0025
  • Tax Block: 01893
  • Association Fee Frequency: Monthly
  • Building Tax Lot: 0025
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
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Property
Lot Information
  • Living Area: 3690.0
  • Building Area Total: 0.0
  • Building Area Units: SquareFeet
  • Lot Features: Garden
  • Lot Size Dimensions: 103.53 x 26.87
  • Living Area Units: SquareFeet
Building Information
  • Building Exterior Features: Garden, Balcony
  • Building Laundry Features: InUnit, CommonArea
  • Building Patio And Porch Features: FrontPorch
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: Quadruplex, MultiFamily, Townhouse
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Exterior Features: Garden, Balcony, RoofDeck
  • Patio And Porch Features: FrontPorch
  • Spa: No
Interior Features
  • Cooling: CentralAir
  • Appliances: Dishwasher, Washer, WasherDryer, Dryer, WasherDryer Stacked
  • Fireplace: No
  • Flooring: Hardwood
  • Furnished: Unfurnished
  • Interior Features: Den, EatInKitchen, EntranceFoyer, GalleyKitchen, WindowedKitchen, Storage
  • Cooling: Yes
  • Laundry Features: InUnit, LaundryRoom
  • Room Type: Den
  • ElevatorsTotal: 0
  • Size Dimensions: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: None
  • Owner Pays: None

Property History for 332 Park Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 332 Park Avenue

Taxable ValueLand$8,280Additions$187,680Total$195,960
Home Facts
Total Finished SqFt3,690 SqFtLot Size1,342 SqFtYear Built2006ZoningR6BAPN3018930025

Schools near 332 Park Avenue

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
P.S. 157 Benjamin Franklin
Public - PK to 8
Juan Morel Campos Secondary School
Public - 6 to 12
El Puente Academy For Peace And Justice
Public - 9 to 12
Is 318 Eugeno Maria De Hostos
Public - 6 to 8
Rating
School
Distance
P.S. 157 Benjamin Franklin
PublicPK to 8

Juan Morel Campos Secondary School
Public6 to 12

El Puente Academy For Peace And Justice
Public9 to 12

Is 318 Eugeno Maria De Hostos
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 332 Park Avenue, Clinton Hill

332 Park Avenue is a townhouse for sale in Clinton Hill. This property was listed for sale on September 11, 2024 by Sothebys International Realty, it's currently listed at $2,195,000. It has been on the market for a total of 8 days and was last sold on June 12, 2008. This listing's school district is Nyc Geog District #14 - Brooklyn. Nearby schools include P.S. 157 Benjamin Franklin, Juan Morel Campos Secondary School and El Puente Academy For Peace And Justice. 332 Park Avenue is a 3-bed, 4-bath, 3,690 sqft townhouse built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sothebys International Realty

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