270 5th Street #4C, New York City, NY 11215
Listing Courtesy of Compass
$1,300,000
Potential Rebate: $19,500
Overview
Welcome to Unit 4C at 270 5th Street, a unique two-bedroom, one-bathroom co-op where historic charm meets modern living. Located in The Milk Factory — a former Borden’s milk plant — this converted co-op blends industrial character with homey comfort in beautiful Park Slope. The standout feature? A private roof deck — your own garden oasis in the sky. One flight of stairs inside the unit leads to your exclusive outdoor space, perfect for entertaining guests, morning yoga, or simply soaking in the unobstructed views of the Brooklyn skyline, and the park just across the street!
Inside, the open living area is bathed in light and features a working wood-burning fireplace. Two bedrooms sit near a full bathroom. This pet-friendly elevator building is well-maintained and features a laundry room and private storage for each unit.
270 5th Street, Unit 4C is located steps from J.J. Byrne Park, the weekend Greenmarket, the neighborhood playground, and multiple transit options including the MTA (D,F,G,N,R,W) and LIRR. You’re also moments from restaurants, shopping and other amenities that nearby 5th and 7th Avenues have to offer. Homes with private roof decks in Park Slope don’t come around often. This one checks all the boxes — space, light, outdoor living, location, and charm.
Home Features
- •Common On Floor
- •Common Area
- •Garage
- •Private Outdoor Space Over 60 Sqft
- •Dishwasher
- •Wine Cooler
- •Hardwood
- •City
Building Amenities
- •Garage
Estimated Monthly Payment
$7,834 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$19,500
Monthly savings impact
$54/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20057100
Price Analysis
Compare average listing prices and value metrics for 270 5th Street against the surrounding Park Slope market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
48.65% Lower
than the Park Slope price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Park Slope
Overview of Park Slope
Park Slope is the quintessential family neighborhood of New York. Famous for its miles of brownstones, the expansive Prospect Park, and its progressive, literary vibe, it is often voted one of the best neighborhoods in America. For buyers seeking Park Slope Brooklyn real estate, it is the ultimate blend of beauty, community, and green space.
Living in Park Slope is idyllic. The avenues (5th and 7th) are lined with independent shops and strollers. As a premier Brooklyn NYC neighborhood, it sets the standard for brownstone living.
Real Estate & Housing Market
The market for homes for sale in Park Slope is premium. The "Gold Coast" along Prospect Park West features limestone mansions, while the side streets offer classic brownstones and co-ops.
Prices are high, especially for properties zoned for PS 321. It is a stable, high-value market that attracts families moving from Manhattan.
Lifestyle & Community
The lifestyle in Park Slope is active and community-focused. Residents spend weekends in Prospect Park, shop at the Park Slope Food Coop (if they are members), and dine at farm-to-table restaurants.
The community is known for being liberal, educated, and civic-minded. It is a "small town" within the big city.
Transportation & Accessibility
Park Slope is served by the F, G, R, 2, 3, B, and Q trains (depending on where in the slope you are). Commuting to Midtown takes 25-35 minutes.
The F train at 7th Avenue is the central hub for the neighborhood.
Parks, Schools & Amenities
Prospect Park is the neighborhood's backyard. Designed by the same creators as Central Park, it offers a zoo, a lake, and huge meadows. It is the center of life here.
Amenities are incredible: the Park Slope Food Coop, the Brooklyn Public Library, the Botanic Garden, and excellent public schools make it a self-contained paradise.
Who This Neighborhood Is Best For
Park Slope is best for families, writers, runners, and anyone who prioritizes parks, schools, and community over nightlife.
