342 E 5th St Brooklyn, NY 11218
Kensington NeighborhoodEstimated payment $7,223/month
Highlights
- Colonial Architecture
- Wood Flooring
- Back and Front Yard
- P.S. 130 - The Parkside School Rated A-
- Heating System Uses Steam
About This Home
Rare opportunity to restore a spacious 5-bedroom detached Colonial in the heart of Kensington. Ideally located just minutes from Prospect Park, neighborhood parks, shopping, dining, and public transportation, this property offers the perfect combination of location and potential. In need of a complete renovation, this home is ideal for investors, contractors, or end users looking to customize a home to their own style and specifications. The main level features a large eat-in kitchen, formal dining room, spacious living room, and an enclosed sunroom with access to the rear yard. The second floor offers three bedrooms and a full bath, while the third level includes two additional bedrooms. A full finished basement provides additional space or storage. The home is heated by gas; however, all utilities are currently off. With its desirable detached layout, generous size, and prime Kensington location, this property presents an exceptional opportunity to restore and create lasting value.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,526
Year Built
- Built in 1920
Lot Details
- 2,300 Sq Ft Lot
- Lot Dimensions are 100 x 23
- Back and Front Yard
- Property is zoned R5
Parking
- On-Street Parking
Home Design
- Colonial Architecture
- Wood Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,446 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 5337
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,187 | $104,940 | $21,960 | $82,980 |
| 2025 | $6,499 | $109,980 | $21,960 | $88,020 |
| 2024 | $6,499 | $86,880 | $21,960 | $64,920 |
| 2023 | $6,184 | $91,800 | $21,960 | $69,840 |
| 2022 | $6,071 | $75,120 | $21,960 | $53,160 |
| 2021 | $6,356 | $82,380 | $21,960 | $60,420 |
| 2019 | $5,592 | $65,880 | $21,960 | $43,920 |
| 2018 | $5,113 | $26,541 | $9,207 | $17,334 |
| 2017 | $5,111 | $26,541 | $8,136 | $18,405 |
| 2016 | $4,956 | $26,339 | $8,893 | $17,446 |
| 2015 | $2,800 | $24,849 | $11,801 | $13,048 |
| 2014 | $2,800 | $23,444 | $12,605 | $10,839 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/01/2026 07/01/26 | Pending | -- | -- | -- |
| 07/01/2026 07/01/26 | For Sale | $1,200,000 | -- | $491 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 502724
APN: 05337-0067
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Ask me questions while you tour the home.