881 Park Place

881 Park Place | Sold

• Property type: Townhouse

• Neighborhood: Crown Heights

• Sale price: $2,085,000

• Building type: Three-family

• Configuration: Owner’s lower duplex with two upper rental units

The Property

This three-family townhouse at 881 Park Place offered a balanced combination of owner occupancy and income potential within the Crown Heights market. The building was configured with a spacious lower duplex for the owner, complemented by two well-sized rental units above.

The layout supported comfortable living while allowing for meaningful rental income, making it a practical option for buyers seeking both a long-term home and an investment component. The property’s scale, configuration, and location contributed to its appeal within a competitive townhouse segment.

Representation

This transaction was completed with buyer representation following a targeted search focused on upgrading from apartment living to townhouse ownership with income potential. The purchase was secured below market value through disciplined negotiation and careful evaluation.