NOT LISTED FOR SALE

Estimated Value: $5,816,000 - $7,387,000

5 Beds
6 Baths
4,288 Sq Ft
$1,538/Sq Ft Est. Value

Last Sold June 06, 2024

Last sale price $6,500,000 $1,516 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $37,832/month

27 Days on Market

Highlights

  • Fireplace in Kitchen
  • Deck
  • Central Air
  • P.S. 321 William Penn Rated A

About This Home

As of June 2024

878 President Street offers the rare opportunity to experience the elegance of a stunning semi-attached 20'53' Park Slope townhouse, moments from Prospect Park. This meticulously redone 2-family home is all you could want, featuring a fabulous 4 bedroom, 3 and a half bath owner's triplex, and a great income producing 1 bedroom, 1 and a half bathroom garden apartment. Simply open up the double doors to the apartment and this property seamlessly converts to a single-family dream home!

Enter on the parlor level through a classic set of original wood doors where you will find the spacious living room complete with high ceilings, a marble gas fireplace, hardwood floors and a beautiful oversized window with built in seating. Additional east-facing windows - a rare feature among Park Slope brownstones - ensure abundant natural light throughout the home. Past the living room is an expansive eat-in chef's kitchen featuring multiple sinks with Grohe fixtures, La Cornue oven, Fisher Paykel and Miele dishwashers (one in the main kitchen and one in the galley-style scullery), built-in Wolf microwave, built-in Miele Coffee Maker, and a lovely gas fireplace. Light fills the space from South-facing floor-to-ceiling windows at the rear of the house. The kitchen opens onto a spacious glass-floored deck, which flows down to the back garden. The deck features an outdoor kitchen with a built-in Wolf grill.

The primary bedroom suite on the third floor is a sanctuary of luxury with a beautiful curved-glass bay window with built-in seating overlooking historic President Street. A large walk through closet leads to the oversized and well-appointed primary bathroom with soaking tub, Mr. Steam shower, dual sinks and a wall of closets.

The fourth floor has a wonderful layout. Two bedrooms face the garden and share a hall bathroom. The large third bedroom with ensuite bathroom is currently used as the playroom. A full-size vented washer/dryer is also found on this level.

The garden apartment is very inviting with an oversized window and wall of built-ins. The large bedroom leads out to the blissful backyard patio enveloped by lush greenery.

The basement features a beautifully designed wine cellar, and offers additional laundry facilities, great storage and the home's mechanicals. 878 President Street boasts new electric, plumbing, central HVAC system, and Control 4 Smart Home integration, this home offers modern convenience at every turn. Situated in the heart of Park Slope, within the original Park Slope Historic District, this home is moments away from Grand Army Plaza, Prospect Park, the Brooklyn Museum, Brooklyn Botanic Garden, Union Market, and access to the Q/B and 2/3 subway lines.

Last Agent to Sell the Property

Jackie Torren

Corcoran Group License #10401256884 Listed on: 03/12/2024

Corcoran Group

Co-Listed By

Michael Tannen

Corcoran Group License #10401287448

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $15,720

Year Built

  • Built in 1905

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100.00x20.00

Interior Spaces

  • 3-Story Property
  • Fireplace in Kitchen
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • Deck
  • Central Air

Community Details

  • 2 Units
  • Park Slope Subdivision

Listing and Financial Details

  • Legal Lot and Block 0037 / 01067

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$15,720

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Entry Level: 1
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Fireplace Features: Kitchen
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area Units: Square Feet
  • Rooms (Total): 10
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Green Building
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2000.0
  • Lot Size Dimensions: 100.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 3
  • Year Built: 1905

Tax Info

  • Tax Block: 01067
  • Tax Lot: 0037
  • Tax Annual: 15720.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Jun 6, 2024
Sold by
Keefer Shelby
Bought by
Phillips Cristine Irvin and Phillips Willis Jackson
Seller's Agent
Jackie Torren
Corcoran Group
List Price
$6,500,000
Sold Price
$6,500,000
Views
33
Current Estimated Value
$6,593,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,850
Avg. Annual Appreciation
1.28%
Original Mortgage
$2,750,000
Outstanding Balance
$2,723,229
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,870,621

Purchase Details

Listed on
Sep 11, 2017
Closed on
Feb 20, 2018
Sold by
Swasbrook Daniel James and Swasbrook Tania Lebrija
Bought by
Keefer Shelby
Seller's Agent
Jacky Teplitzky
Douglas Elliman Real Estate
List Price
$5,625,000
Sold Price
$5,480,000
Premium/Discount to List
-$145,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.75%
Original Mortgage
$870,225
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2011
Sold by
Richter Eva and Richter Maurice
Bought by
Swasbrook Daniel James and Swasbrook Tania Lebrija

Purchase Details

Closed on
May 9, 1997
Sold by
Richter Maurice
Bought by
Richter Maurice and Richter Eva
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
Phillips Cristine Irvin $6,500,000 --
Phillips Cristine Irvin $6,500,000 --
Keefer Shelby $5,480,000 --
Keefer Shelby $5,480,000 --
Keefer Shelby $5,480,000 --
Keefer Shelby $5,480,000 --
Swasbrook Daniel James $3,139,000 --
Swasbrook Daniel James $3,139,000 --
Swasbrook Daniel James $3,139,000 --
Swasbrook Daniel James $3,139,000 --
Richter Maurice -- --
Richter Maurice -- --
Richter Maurice -- --
Richter Maurice -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Cristine Irvin $2,750,000
Closed Phillips Cristine Irvin $750,000
Previous Owner Keefer Shelby $870,225
Previous Owner Keefer Shelby $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $6,500,000 0.0% $1,516 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $6,500,000 +18.6% $1,516 / Sq Ft
02/21/2018 02/21/18 Sold $5,480,000 -2.6% --
01/22/2018 01/22/18 Pending -- -- --
09/12/2017 09/12/17 For Sale $5,625,000 -- --
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 $15,717 $333,120 $52,440 $280,680
2024 $15,717 $292,980 $52,440 $240,540
2023 $15,717 $258,960 $52,440 $206,520
2022 $14,849 $283,740 $52,440 $231,300
2021 $15,345 $225,120 $52,440 $172,680
2020 $7,197 $273,000 $52,440 $220,560
2019 $13,641 $301,920 $52,440 $249,480
2018 $13,293 $65,210 $12,912 $52,298
2017 $12,636 $61,986 $12,346 $49,640
2016 $12,147 $60,762 $13,565 $47,197
2015 $6,833 $57,328 $15,488 $41,840
2014 $6,833 $54,342 $13,944 $40,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10966809

Real Estate Board of New York (REBNY)

APN: 01067-0037