744 Park Place #4B, New York City, NY 11216
Listing Courtesy of Compass
$1,995,000
Potential Rebate: $29,925
Overview
Penthouse 4B, a luminous duplex with 4 bedrooms and 2 baths, measures 1573 sq. ft. On the main floor there are three bedrooms and one bath. On the top floor, there is the primary bedroom with ensuite bath, and two private terraces, totalling 439 sq. ft. The combined common charges and taxes are only $911/month. That’s less than half the cost of most similarly-sized units.
Natural light floods this stylish, spacious apartment. An open-plan living and dining area, with loft-like ceilings, flows seamlessly into a well-appointed chef’s kitchen. This is not the tiny kitchen typical of many condos. This one boasts ample Cambria quartz countertops, abundant cabinetry for storage, and top-of-the-line Bertazzoni appliances, including a fully integrated fridge, induction stove, and a properly vented range hood. Friends and family can gather around the island, seated on bar stools, to keep you company as you cook. The generously-sized dining area has room for a large dining table.
The primary bedroom, up a flight of stairs from the main floor, is unique. It has a wall of windows and a glass door directly onto a spacious private terrace. It feels like a refuge from busyness and an observatory of the Brooklyn sky. The gorgeous en-suite spa bath is luxurious and bathed in natural light from a huge skylight. It has Italian marble floor and wall tiles, double sinks, and a large walk-in shower. Ample closet space rounds out this primary suite.
The second terrace on the roof is perfect for dining and grilling. Additional highlights of the apartment include generous closets/ storage throughout, an in-unit washer/dryer, multi-zoned heating and cooling, designer lighting, and elegant brushed white oak engineered flooring. A dedicated storage unit of 50 sq. ft. is in the building’s basement, ideal for stashing away your extra things.
744 Park Place is an 8-unit boutique condo building featuring 3- and 4- bedroom residences. With its elegant brick façade accented by carved stone details, the building has been thoroughly and luxuriously updated in a modern style to create the chic and comfortable living experience you’ve been searching for.
Located in vibrant Crown Heights, this condo places you just a block away from the various restaurants and shops on Franklin Avenue. It’s close to the 2/3/4/5 and S trains and convenient to the Brooklyn Botanic Garden, the Public Library, Grand Army Plaza Greenmarket, and Prospect Park.
The complete offering terms are in an offering plan available from the sponsor 744 Park LLC. File CD230318
Home Features
- •Central Air
- •Central
- •In Unit
- •See Remarks
- •Private Outdoor Space Over 60 Sqft
- •Double Vanity
- •Dishwasher
- •City
Estimated Monthly Payment
$10,769 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$29,925
Monthly savings impact
$83/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 #RLS20054721
Price Analysis
Compare average listing prices and value metrics for 744 Park Place against the surrounding Crown Heights market.
Average List Price
Price Per SqFt
3.58% Higher
than the Crown Heights price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Crown Heights.
Crown Heights
Overview of Crown Heights
Crown Heights is a neighborhood of contrasts and energy. Combining the Caribbean heritage of the West Indian Day Parade with a booming young professional scene, it is one of Brooklyn's most dynamic areas. For buyers seeking Crown Heights Brooklyn real estate, it offers proximity to cultural institutions and spacious pre-war housing.
Living in Crown Heights is vibrant. Franklin Avenue is one of the trendiest dining strips in the borough, while Eastern Parkway offers a grand, tree-lined promenade designed for sunday strolls.
Real Estate & Housing Market
The market for homes for sale in Crown Heights is diverse. To the north, you find grand townhouses and limestone mansions. To the south, large pre-war elevator buildings offer co-ops and rentals.
It is a market that offers value compared to neighboring Prospect Heights, while sharing many of the same amenities.
Lifestyle & Community
The lifestyle in Crown Heights is eclectic. Residents drink cocktails at intricate speakeasies on Franklin Ave, buy spices at Caribbean markets on Nostrand, and visit the Brooklyn Children's Museum.
The community is a unique blend of Afro-Caribbean families, the Chabad-Lubavitch Jewish community, and new residents.
Transportation & Accessibility
Crown Heights has distinct transit advantages. The 2/3/4/5 express trains on Eastern Parkway whisk commuters to Wall Street in 20 minutes.
The A/C trains serve the northern section, providing excellent coverage.
Parks, Schools & Amenities
Brower Park is a local favorite, and the neighborhood borders the Brooklyn Botanic Garden. The Weeksville Heritage Center provides deep historical context to the area.
Amenities are rich: varied dining, proximity to the Brooklyn Museum, and strong community centers.
Who This Neighborhood Is Best For
Crown Heights is best for diversity seekers, commuters (the express trains are unbeatable), and buyers wanting spacious pre-war apartments near Prospect Park.
