NOT LISTED FOR SALE

397 1st St Unit 1R Brooklyn, NY 11215

Park Slope Neighborhood

Estimated Value: $1,985,067

3 Beds
1.5 Baths
2,000 Sq Ft
$646/mo HOA Fee

Last Sold September 30, 2022

Last sale price $1,795,000 $898 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,719/month

119 Days on Market

Highlights

  • Pre War Building
  • Garden
  • 5-minute walk to J.J. Byrne Playground
  • P.S. 321 William Penn Rated A

About This Home

As of September 2022

Welcome home to this thoughtfully designed, well laid out duplex on tree-lined 1st Street in Park Slope. This legal two bedroom is currently set up as a three bedroom, and can be configured to meet all your needs.

On the first floor of this spacious duplex, you'll find a beautifully laid out open kitchen featuring custom cabinetry and Caesarstone countertops. The kitchen flows beautifully into a full size dining area, that comfortably fits an eight person table. The windowed living room gets beautiful light throughout the day, with southern exposure. The living room features a charming, original fireplace with a decorative mantle.

Down the hall, the serene primary bedroom overlooks the unit's spacious private garden. The well sized second bedroom has a smartly designed closet and ample storage. A beautifully renovated, large bathroom with a double vanity completes the first floor.

Downstairs, the lower level features your great room with space for a home office, and the space being used as a third bedroom. The vented washer/dryer and second bathroom are also located on this floor. Incredible closet space lines the hallway leading out to your back patio, which invite you to spend evenings entertaining or simply enjoying private quality time outside.

397 1st Street is an 8 unit, professionally managed condo building with low monthlies. Located between 6th and 7th Avenue, you have your choice of shopping and dining along 5th and 7th Ave. Prospect Park is two blocks north and the home is currently zoned for PS 321, across the street.

Last Agent to Sell the Property

Margaret Simmons

Compass License #10401319592 Listed on: 04/28/2022

Compass

Co-Listed By

Nigel Hall

Compass License #10301218784

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,620

Year Built

  • Built in 1920

Lot Details

  • 2,744

HOA Fees

  • $646 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 1st floor

Interior Spaces

  • 2,000 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Garden
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Park Slope Subdivision

Listing and Financial Details

  • Legal Lot and Block 77 / 966

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,620

Year Built

Built in 1920

Lot Details

0

HOA Fees

$646 per month

Listing Details

  • Cross Street: 6th Avenue/7th Avenue
  • Exposures: North,South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2000.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Wall Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 646.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 27.42 x 100.0

Building Info

  • New Construction: No
  • Total Stories: 4
  • Year Built: 1920

Tax Info

  • Tax Block: 966
  • Tax Lot: 77
  • Tax Annual: 4620.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2013
Sold by
Erp Park Slope Llc
Bought by
Caiazza Timothy and Maeda-Caiazza Eliana
Current Estimated Value
$1,985,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,023,200
Outstanding Balance
$711,766
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,273,301
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Caiazza Timothy $1,302,342 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caiazza Timothy $1,023,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2022 09/30/22 Sold $1,795,000 -5.0% $898 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $1,890,000 -5.3% $945 / Sq Ft
06/02/2022 06/02/22 Price Changed $1,995,000 -5.0% $998 / Sq Ft
04/28/2022 04/28/22 For Sale $2,100,000 -- $1,050 / Sq Ft
10/16/2014 10/16/14 Sold -- -- -- View Prior Sale
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $6,580 $367,501 $26,035 $341,466
2024 $6,580 $306,278 $26,035 $280,243
2023 $4,770 $382,848 $26,035 $356,813
2022 $4,763 $376,180 $26,035 $350,145
2021 $4,659 $300,907 $26,035 $274,872
2020 $2,055 $328,678 $26,035 $302,643
2019 $3,956 $301,455 $26,035 $275,420
2018 $4,569 $77,935 $5,385 $72,550
2017 $4,628 $77,935 $6,257 $71,678
2016 $4,738 $75,060 $6,615 $68,445
2015 -- $72,081 $7,155 $64,926
2014 -- $70,641 $5,953 $64,688
Source: Public Records

Agents Affiliated with this Home

  • Margaret Simmons

    Seller's Agent in 2022

    Margaret Simmons

    Compass

    (917) 855-8465

    8 in this area

    15 Total Sales

    Margaret Simmons
    Section Image
  • Nigel Hall

    Seller Co-Listing Agent in 2022

    Nigel Hall

    Compass

    (917) 612-2244

    8 in this area

    15 Total Sales

    Nigel Hall
    Section Image
  • Denise LaChance

    Seller's Agent in 2014

    Denise LaChance

    Compass

    (917) 834-6126

    5 Total Sales

    Denise LaChance
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10799307

Real Estate Board of New York (REBNY)

APN: 00966-1202

New York Kings County Brooklyn 11215 Park Slope

397 1st St Unit 1R, Brooklyn, NY

This home is located at 397 1st St Unit 1R, Brooklyn, NY 11215 since 28 April 2022 and is currently priced at $1,985,067, approximately $992 per square foot. This property was built in 1920. 397 1st St Unit 1R is a home located in Kings County with nearby schools including P.S. 321 William Penn and Berkeley Carroll Elementary School.

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Real Estate Board of New York (REBNY) 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.

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