Discover the rare elegance of 579 5th Street, a stunning 20’ wide Tudor-style townhouse on a 100’ deep lot, nestled in the coveted Park Slope Historic District. Built in 1903 as part of a distinguished row of 12 townhomes by Lane and Yeandle, this property evolved from a stately single-family home into a two-family residence with a doctor’s office in 1946, and finally into a legal three-family home in 1972—all while preserving its historic grandeur and adapting to modern needs. The garden-level apartment offers a spacious floor-through layout with its own private entrance and exclusive access to the garden and a finished basement. Boasting 8. 5-foot ceilings and two full bathrooms, it’s a serene retreat with thoughtful amenities. The grand duplex spans the second and third floors, extending 70 feet from front to back. With soaring 10-foot ceilings, four bedrooms, two full bathrooms, and elegant arched doorways, this space blends historic charm with modern luxury. Stained glass accents further elevate its timeless character. The top two floors feature a bright two-bedroom, two-bathroom apartment, complete with a stunning roof terrace offering panoramic views of Brooklyn and Manhattan. Skylights bathe the space in natural light, enhancing its warmth and openness. Modern comforts include washer-dryer units in each apartment, multiple gas fireplaces, and a newer gas boiler for year-round convenience. This versatile home is ideal as a residence with rental income or as a single-family conversion, offering a unique blend of historic architecture and contemporary living. Delivered Vacant! Don’t miss this chance to own a piece of Park Slope history. Contact us today to schedule your private viewing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,840,000 | $3,840,000 | $3,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.648% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,105 | $24,271 | $32,404 |
Total Monthly Payment | $22,230 | $24,396 | $32,529 |
* 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.