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Park Slope living reaches new heights in this expansive four-bedroom, three-and-a-half-bathroom duplex condominium offering refined interiors, exceptional natural light and a coveted location just one block from Prospect Park.
Residence No. 1 at 501 8th Avenue is set within a distinguished landmarked corner building, where classic Brooklyn architecture meets thoughtful modern design. Spanning 2, 701 square feet of interior space and complemented by a 240-square-foot side yard, this home delivers an uncommon sense of scale, privacy and indoor-outdoor living. With fourteen windows and exposures on multiple sides, every room is bathed in natural light-an exceptional and rarely found feature in Park Slope.
Inside, high-end finishes and a cohesive design palette create a sophisticated yet comfortable home. The open-plan living and dining areas are ideal for both everyday living and entertaining, anchored by a beautifully appointed kitchen featuring custom cabinetry, ample storage and a suite of premium appliances, including a Bertazzoni induction range. Throughout the home, carefully selected materials and clean architectural lines lend a sense of understated luxury.
The well-proportioned layout includes four bedrooms and three full bathrooms plus a powder room, offering flexibility for a variety of living arrangements. The primary suite serves as a serene retreat, while additional bedrooms are thoughtfully positioned to maximize both privacy and functionality. Spa-like bathrooms feature elegant finishes and a calming, modern aesthetic.
A truly special detail of the home is found in one of the secondary bedrooms, where original stained glass windows have been preserved, adding warmth, character and a meaningful connection to the building's history.
The building's exceptional depth enhances the home's expansive feel, creating a sense of quiet separation from the street while maintaining excellent light throughout. The lower level spans nearly 1, 200 square feet and offers remarkable versatility, easily accommodating a secondary living room, home office and gym, along with additional storage. The private side yard extends the living space outdoors, offering a rare opportunity for al fresco dining, gardening or simply enjoying a moment of calm.
Located on a picturesque Park Slope block just moments from Prospect Park, 501 8th Avenue is surrounded by some of Brooklyn's best dining, shopping and neighborhood amenities, with convenient access to transportation.
Residence No. 1 offers a rare blend of historic charm, modern luxury and livability in one of Brooklyn's most sought-after settings.
The complete terms are in an offering plan available from the Sponsor (File No: CD25-0270).
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:
$3,995,000
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 | $3,196,000 | $3,196,000 | $3,196,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,147 | $19,678 | $26,970 |
| Total Monthly Payment | $18,272 | $19,803 | $27,095 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.