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Open House for Sunday 6/7 is canceled.
882 Park Place offers a rare opportunity to reside in and shape a soulful 2-family Brooklyn brownstone-a stately 4-story Renaissance Revival limestone home rooted in the architectural heritage of Crown Heights, with generous proportions, original details, and four fireplaces, complete with an income-producing garden-level residence, all set on an exceptionally deep 135-foot lot in a sought-after enclave of Historic Crown Heights.
Enter through the dark wood-paneled vestibule into a gracious entry hall, where carved millwork, parquet flooring, and coffered ceiling details set the tone for the home's scale and character. The parlor floor stretches the full depth of the house, with a spacious great room anchored by a tiled fireplace and mantel, a beautiful front bay window, and classic pocket doors. To the rear, the open kitchen has been lovingly restored, featuring stained glass, exposed brick, warm wood cabinetry, and a gas range. A dining area sits alongside, taking in soft south-facing light throughout the day, and opens directly to a rear deck with stairs leading to the expansive garden, creating a natural indoor-outdoor connection.
Traveling up the artfully crafted wood staircase with carved balusters, the second floor unfolds as a comfortable private level. Here, two bedrooms and a full bathroom offer flexibility and scale. The primary bedroom spans the full width of the home and includes a walk-in closet and sitting area framed by bay windows. The second bedroom features an oriel extension and a decorative fireplace with meaningful potential for restoration. The bathroom continues the home's character with stained glass accents and custom millwork cabinetry.
The top floor opens into a luminous studio space, with higher ceilings than typically found on a top-level, a sweeping bay window, and a skylight that draw in light throughout the day-ideal for art, writing, or quiet work. Currently configured as two bedrooms and a full bathroom, this inspiring and flexible level is the ultimate blank canvas to suit your imagination.
Stepping outside, the extra-deep garden is a rare find, made possible by the 135-foot lot. This leafy sanctuary reflects the current owners' love of foliage and slow, intentional outdoor living. The depth allows for distinct outdoor zones, giving the garden-level apartment its own private area while the owner's triplex enjoys a quiet, green retreat for dining, gathering, and summer evenings under the trees. There is plenty of room here to shape the outdoor space to your own vision over time.
On the garden level is a charming, renovated one-bedroom floor-through with a flexible layout, sun-filled kitchen, its own fireplace with a stove insert, in-unit washer/dryer, and direct access to its dedicated garden space. With its private entrance below the stoop, it is well-positioned for strong rental income from day one or functions beautifully as a guest suite, studio, or extended living space.
The semi-finished cellar offers higher-than-average ceilings, slate tile flooring, updated mechanical systems, and a dedicated washer/dryer for the owner's use. It works naturally as storage, a gym, workshop, or creative workroom, and extends to the front of the building for flexibility of future use.
Located on a quiet, tree-lined block of brownstones with extra-wide sidewalks, Park Place is part of a select stretch of Crown Heights with extra-deep lots, creating a rare sense of openness behind the homes. Just moments away, Franklin and Nostrand Avenues offer some of the neighborhood's most loved coffee shops, bakeries, restaurants, and bars, including Bien Cuit, Choice Market, Colina Cuervo, Cotton Bean, Ursula, Chavela's, Aita, Taqueria Mileo, Bar Corvo, Drink, and King Thai. Brower Park and the Brooklyn Children's Museum are nearby, and multiple subway options (Nostrand Av A/C, Franklin Ave 2/3/4/5, and the Park Place Shuttle) provide easy access to Manhattan and Downtown Brooklyn.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$2,850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,280,000 | $2,280,000 | $2,280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.121% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,946 | $13,670 | $19,240 |
| Total Monthly Payment | $13,071 | $13,795 | $19,365 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.