491 Park Place

491 Park Place is a condo located in Prospect Heights, Brooklyn. The building was first built in 1930 and is 94 years old. It was first renovated and altered in 1987. The lot that the building was built on is 20 feet wide and 131 feet long. The official lot area is listed as 2,620 square feet. In total, 491 Park Place has a total floor area of 4,213 square feet. Of that, 4,213 square feet are used for residential purposes. There are a total of 8 units. Of those, 8 are residential units. There are no commercial units in this building. 491 Park Place has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 47 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 89 days Meaning, listings tend to sell at a median of $1,115 price per square foot. The transaction that took the longest to complete was unit 3F, listed on Sep 17, 2020 for $569,000. This particular unit ultimately sold 112 days later for $520,000. The most recent transaction was for unit 3F, which was first advertised on Sep 17, 2020, sold for $520,000 on Jan 08, 2021. Fun fact, the oldest transaction we have on record took place on Oct 09, 1987. See the full transaction history for 491 Park Place below.

Prospect Heights, where 491 Park Place is located, has a median asking price of $1,605,000 for condo buildings. Meanwhile, the building itself has a median asking price of $525,000. For interested buyers, that means the building's median asking price is around 0.67% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.