NOT LISTED FOR SALE

Estimated Value: $5,540,000 - $6,721,000

6 Beds
3.5 Baths
5,120 Sq Ft
$1,179/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $5,200,000 $1,016 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $34,226/month

23 Days on Market

Highlights

  • City View
  • Pre War Building
  • Building Terrace
  • P.S. 321 William Penn Rated A
  • Terrace
  • Garden

About This Home

As of October 2023

Welcome to 560 1st Street, a palatial 22.5' wide limestone on one of Park Slope's most cherished park blocks. Built in 1909 with the grandeur of a bygone era, 560 is distinguished as one of four townhomes with full height curved-sided bay windows, an iconic gas lamp, and an ornamented wrought-iron entry. At first introduced and featured by Victoria Home magazine, 560 1st Street will soon unveil to the public for the first time in three and a half decades.

As you enter, you will be greeted by a generous foyer and a magnificent staircase embellished with historical detail and bespoke wood-work. The parlor floor, an entertainer's dream from the in-laid flooring to soaring coved ceilings, includes a resplendent living area, a grand sitting room, a stately dining room, and a bright parlor kitchen. Each room is adorned with intricate moldings, preserved wainscoting, and elegant friezes. If this were not enough, you'll enjoy central cooling throughout. Outside the kitchen you can have breakfast on the private deck and enjoy the rear garden, a serene oasis with a glorious Magnolia tree.

The second floor features two bedrooms, one currently being used as a primary suite and the other as an expansive living area that spans the entire width of the home. The top floor includes three bedrooms with an additional bedroom or playroom brightened by a skylight. The garden level features a dedicated work area, laundry room, and mud-room, all with an abundance of storage.

Located in the heart of Park Slope's historic district, you'll enjoy easy access to Prospect Park, fine restaurants, cafes, boutiques, and more. Don't miss this rare opportunity to own a piece of Brooklyn history.

Last Agent to Sell the Property

Marc Solomon

Compass License #10401226187 Listed on: 05/01/2023

Compass

Co-Listed By

Alessandra Delacruz

Compass License #10401248939

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,976

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 22.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 5,120 Sq Ft Home
  • 4-Story Property
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Terrace

Listing and Financial Details

  • Legal Lot and Block 25 / 1077

Community Details

Overview

  • Park Slope Subdivision

Amenities

  • Building Terrace
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,976

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: 8th Avenue/Prospect Park West
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 5120.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 6

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Garden
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Dimensions: 22.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1910

Tax Info

  • Tax Block: 1077
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Oct 13, 2023
Sold by
Kaufman Alyce F H and Kaufman George
Bought by
Pontano Andrew and Pontano Kelly
Seller's Agent
Marc Solomon
Compass
List Price
$5,495,000
Sold Price
$5,200,000
Premium/Discount to List
-$295,000
-5.37%
Views
94
Current Estimated Value
$6,037,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$837,190
Avg. Annual Appreciation
8.31%
Original Mortgage
$4,679,480
Outstanding Balance
$4,595,970
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,441,220
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pontano Andrew $5,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pontano Andrew $4,679,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $5,200,000 -5.4% $1,016 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $5,495,000 0.0% $1,073 / Sq Ft
05/02/2023 05/02/23 For Sale $5,495,000 +5.7% $1,073 / Sq Ft
05/02/2023 05/02/23 Off Market $5,200,000 -- --
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 $15,976 $368,700 $53,040 $315,660
2024 $15,976 $352,500 $53,040 $299,460
2023 $16,104 $330,000 $53,040 $276,960
2022 $14,935 $330,180 $53,040 $277,140
2021 $15,669 $362,100 $53,040 $309,060
2020 $15,669 $357,000 $53,040 $303,960
2019 $13,866 $353,640 $53,040 $300,600
2018 $13,470 $66,078 $10,628 $55,450
2017 $12,709 $62,346 $11,148 $51,198
2016 $12,404 $62,046 $11,800 $50,246
2015 $7,094 $58,548 $13,408 $45,140
2014 $7,094 $55,239 $12,387 $42,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10902827

Real Estate Board of New York (REBNY)

APN: 01077-0025