NOT LISTED FOR SALE

Estimated Value: $3,797,000 - $4,567,000

5 Beds
5 Baths
2,955 Sq Ft
$1,417/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $3,600,000 $1,218 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $22,949/month

14 Days on Market

About This Home

As of March 2022

EVERY ONCE IN A LONG WHILE, a special property like this one comes to market. With exquisite bones and perfect proportions, this is the historic Park Slope townhouse that you've been waiting for to call your own. Welcome to 583 5th Street, a three-story, legal one-family home stationed on the north side of 5th Street, one of Park Slope's most magical park blocks. Beautifully maintained by the same family for close to 40 years, this landmark limestone is brimming with historic architectural details including inlaid parquet floors, pier mirrors, six unique fireplace mantels, pocket doors, built-in cabinetry and shelving, five panel interior doors, and plaster relief and ceiling medallions in pristine condition.

Built in 1907 and designed by renowned Brooklyn architect, Axel S. Hedman, this curved bay front residence begins with a few steps up to a front south-facing terrace and an entrance that leads into a large vestibule and foyer. There's a sunny front parlor with a grand pier mirror, a center parlor with built-in cabinetry and a convenient half bath, a formal dining room with a coffered ceiling and oak wainscotting, and a sweet kitchen extension and pantry in the rear that looks out onto a private garden with a wonderful slate patio. Take the stairs up to the second floor where you'll find two enormous and bright bedrooms with dressing areas and original marble sinks, a full hall bath, and plenty of closet space. The top floor features a lovely skylight at the top of the stair hall, three additional bedrooms, another full bath, and a great walk-in closet.

The newly renovated English basement features a private entrance from the street and is currently used as a professional home office space with three private offices - and can easily lend itself to also being used as a personal gym or recreation space. The basement level also features high ceilings, split system AC and heating units throughout for maximum comfort, two half baths, and a large laundry and storage room in the rear.

This turn of the century treasure is a rare opportunity with a location that just can't be beat - with amazing proximity to majestic Prospect Park, including the open-air events at the Bandshell, great Park Slope school options, the Saturday farmer's market at Grand Army Plaza, and every amenity imaginable all within walking distance. 583 5th Street presents lifestyle options that make this property a truly exciting prospect!

Last Agent to Sell the Property

Marie Parker

Corcoran Group License #40PA1113466 Listed on: 01/05/2022

Corcoran Group

Home Details

Home Type

  • Single Family

Lot Details

  • 1,699

Interior Spaces

  • 2,955 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 5 Bedrooms

Home Details

Home Type

Single Family

Lot Details

1,699 Sq Ft Lot

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Living Area: 2955.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2022
Closed on
Mar 17, 2022
Sold by
Moore Kristin and Vega Thomas
Bought by
Greenblatt David and Siak Fahn Wenn
Seller's Agent
Marie Parker
Corcoran Group
List Price
$3,200,000
Sold Price
$3,600,000
Premium/Discount to List
$400,000
12.5%
Current Estimated Value
$4,186,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,498
Avg. Annual Appreciation
3.85%
Original Mortgage
$2,700,000
Outstanding Balance
$2,529,395
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,657,103
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Greenblatt David $3,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenblatt David $2,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2022 03/21/22 Sold $3,600,000 +12.5% $1,218 / Sq Ft
01/18/2022 01/18/22 For Sale $3,200,000 -- $1,083 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $13,990 $237,060 $45,360 $191,700
2024 $13,990 $241,500 $45,360 $196,140
2023 $14,037 $296,340 $45,360 $250,980
2022 $13,017 $264,300 $45,360 $218,940
2021 $12,565 $242,280 $45,360 $196,920
2019 $11,849 $236,100 $45,360 $190,740
2018 $11,443 $57,596 $11,611 $45,985
2017 $10,778 $54,340 $13,513 $40,827
2016 $9,938 $51,265 $11,227 $40,038
2015 $5,963 $48,370 $13,326 $35,044
2014 $5,963 $48,370 $14,605 $33,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10761639

Real Estate Board of New York (REBNY)

APN: 01083-0060

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