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492 3rd St, Brooklyn, NY, 11215

10beds
10baths
5,500sqft
$5,150,000
$936price/sqft
$30,145/moest. monthly cost
$1,205,800/yrincome needed

About This Home

Located in the heart and soul of Park Slope, this brownstone sits between 6th and 7th Avenues on Third Street—where the roadway opens into its famously double-wide breadth. Laid out by Edwin C. Litchfield, this particular block feels brighter, calmer, more gracious: a tree-lined canopy, an uncommon sense of air, space, and time. Then the distinguished run of brownstone and limestone gives the street its quiet authority. It feels tucked away yet moments from the neighborhood’s daily life, the Park, and multiple subway lines. A gracious front garden invites you, drawing you in with a green approach and a sense of arrival set back from the street. In the rear garden, a limestone terrace and path bordered on either side by garden beds, welcome you into a generous rear yard, with a platform deck rising at its edge. Built in the latter part of the 19th century and heretofore converted to ten residences with classic front and rear layouts, the brownstone offers scale and authenticity that can’t be manufactured: soaring ceilings, original parquet floors, classic molding, claw-foot tubs, and enduring period detail. Each floor carries character and uniqueness onto itself, variations in light, layout and outlooks create an experience which feels less like “units” and more like a small collection of true homes. Offering not only an investment with immediate fundamentals, but an address with narrative one that invites stewardship as much as it rewards ownership. Held and lovingly maintained by the same family for nearly half a century, the property has been thoughtfully transitioned over. Today, nine of ten apartments are free market, with meaningful upside and flexibility to deliver multiple units vacant. The brownstone also benefits from the protected 2B tax class, supporting long-term predictability. The brownstone carries an unmistakably restorative energy: peaceful yet alive and relaxing—an everyday refuge. Keep it as is, or return it to the resplendent glory it once was. 492 Third St offers not only performance, but a lasting sense of place; and presence one that’s increasingly hard to find. An exceptional opportunity to own a storied brownstone on one of the Slope’s most admired blocks.

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
89
BikeVery Bikeable

Schools

8/10
Ps 321 William PennGrades K-50.1 mi
4/10
Park Slope CollegiateGrades 6-120.1 mi
5/10
John Jay School for LawGrades 9-120.1 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: SingleFamily
  • Property subType: Rental Unit

Interior

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 10
  • Full bathrooms: 10

Interior Area

  • Total structure area: 5,500
  • Total interior livable area: 5,500 sqft

Property

Details

  • Special condition: Resale

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
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
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 $26,041$312,492
Home Insurance *$793$9,516
Property Taxes $2,403$28,836
Electricity $908$10,907
Total$30,145$361,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,033,542/yr
40% on housing$904,350/yr
45% on housing$803,866/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

$936This 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
2026-04-01Listed for sale$5,150,000

For Sale by Agent

AgentShaun Riney
BrokerageMarcus & Millichap Real Estate Investment Services Inc

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