Park Slope Brownstone Sells For $1.6 Million Over Asking

PARK SLOPE, BROOKLYN — The brownstone market in Park Slope is not showing any signs of cooling down if a recent St. Johns Place sale is any indication.

Despite rising mortgage rates, a two-family 1880's brownstone at 181 St. Johns listed at just under $4 million sold for $5.6 million last month, according to city records and Brownstoner, who featured the listing and first reported the incredible sale.

According to Brownstoner, the four-story home is currently configured as a two-family home, with a one-bedroom garden apartment and a five-bedroom triplex unit above. Both units have access to a backyard.

According to StreetEasy, the garden unit last rented for $2,800 in 2021.

The building was first built in the 1880's and features seven decorative mantels and a number of other impressive details, like stained glass and dark herringbone wood floors, alongside an updated all-white kitchen and updated electrical, according to Brownstoner.

The home is located in north Park Slope and is zoned for nearby P.S. 282.

City records show the annual tax bill hovers a bit above $12,000 a year, but it's unlikely that the new owners will worry about ending up on a tax lien sale.

With 30-year fixed rate mortgages currently hovering around 7.6%, the buyers will be looking at a monthly payment of nearly $32,000 if they ponied up $1.12 million for a 20% down payment.

Unless, of course, the down payment was 100%.

See and read more at Brownstoner.com.