Nestled on one of Prospect Heights' most charming streets, 291 Park Place is a stunning four-story brownstone on an oversized 131-foot lot. This impressive 3-family home combines classic beauty with income potential.
For the discerning buyer seeking a stylish home, 291 Park Place offers a range of possibilities. Live in the beautiful duplex and rent out 2 units for an enviable income or easily convert the home to an upper triplex with a garden rental. The home is filled with original details, including original hardwood floors throughout, intricate woodwork, pristine moldings, soaring ceilings, stained-glass windows, heavy oak doors, and majestic mantels on every floor.
Up the classic stoop with iconic iron railings is a generously sized duplex with a grand parlor floor living-room with a striking pier mirror. The eat-in kitchen features a spectacular original built-in breakfront, a convenient powder room, and direct access to a deck leading down to the tranquil garden. Upstairs, two large bedrooms share a full bath with an original clawfoot tub.
On the garden level is a sun-drenched studio with an open living room/bedroom, a separate home office, and a large eat-in kitchen that opens to a private garden. Finally, the top floor unit is a bright and airy two-bedroom, with ample space and versatility.
Located in the vibrant heart of Prospect Heights, this home offers easy access to the many shops and fine dining options along Vanderbilt Avenue as well as to Prospect Park, the Brooklyn Museum, Brooklyn Botanic Gardens, and the Brooklyn Public Library. With convenient access to the 2/3/B/Q subway lines, 291 Park Place effortlessly blends historic charm with modern convenience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,196,000 | $3,196,000 | $3,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $733 | $733 | $733 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,147 | $20,464 | $26,970 |
Total Monthly Payment | $19,005 | $21,322 | $27,828 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.