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313 5th Ave, Brooklyn, NY, 11215

5beds
3baths
2,957sqft
$2,800,000
$947price/sqft
$16,383/moest. monthly cost
$655,320/yrincome needed

About This Home

Welcome to 313 5th Avenue, a prime opportunity in the heart of Park Slope, one of Brooklyn’s most sought-after and vibrant neighborhoods. Perfectly positioned along the bustling 5th Avenue corridor, this property offers the ideal blend of classic Brooklyn charm and modern urban convenience. This well-located building features generous interior space, high ceilings, and excellent natural light throughout. Whether you’re an investor or end-user, the property presents strong potential for customization, rental income, or long-term appreciation. The layout allows for flexible use, making it suitable for residential living, mixed-use possibilities, or a boutique development project. Situated just moments from Prospect Park, residents enjoy easy access to green space, walking trails, and outdoor recreation. The surrounding area is rich with popular restaurants, cafés, boutiques, and local shops, creating a dynamic and convenient lifestyle. Multiple subway lines and public transportation options are nearby, providing seamless connectivity to Manhattan and the rest of Brooklyn. With its unbeatable location, strong neighborhood demand, and versatile potential, 313 5th Avenue is a rare offering in Park Slope. Whether you’re looking to invest, develop, or create your dream space, this property delivers exceptional value in one of New York City’s most desirable communities.

Getting Around

99
WalkingWalker's Paradise
0
TransitVery Limited Transit
91
BikeBiker's Paradise

Schools

8/10
Ps 321 William PennGrades K-50.2 mi
4/10
Park Slope CollegiateGrades 6-120.3 mi
8/10
Ms 51 William AlexanderGrades 6-80.1 mi

Construction

Condition

  • Year built: 1925

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 2,957
  • Total interior livable area: 2,957 sqft

Property

Details

  • Parcel number: 009750003
  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Courtyard

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,158$169,896
Home Insurance *$431$5,172
Property Taxes $1,306$15,672
Electricity $488$5,864
Total$16,383$196,596
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$561,702/yr
40% on housing$491,490/yr
45% on housing$436,880/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$947This listing

vs Other Active Listings

Avg $/sqft

ZIP 11215$1,079
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11215$1,389
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Listed for sale$2,900,000

For Sale by Agent

AgentRichard Melendez
BrokerageCONSORTIO NYC REAL ESTATE LLC

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