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323 5th AvenueBrooklyn, NY 11215

For Sale

$3,900,000

Smart Buyer Rebate $48,750

323 5th Avenue - 21.5ft Wide Prime Park Slope Mixed-Use with Retail & Duplex Residence Currently Zoned to PS 321   An exceptional opportunity in the heart of Park Slope, 323 5th Avenue offers a mixed-use building that combines stable commercial tenancy with a spacious duplex residence, encompassing approximately 2,851 square feet including the basement.  Ground Floor & Lower Level   A preschool currently occupies t he street-level retail storefront provid ing excellent frontage and visibility along bustling Fifth Avenue, benefitting from consistent neighborhood activity. A finished slab basement adds flexible space for storage or back-of-house operations. Tenant is in place through 20 31.   Residential Duplex with Terrace currently zoned to PS 321   A newly renovated duplex apartment blends modern comfort with thoughtful design. Hardwood floors run throughout, complemented by double-pane insulated windows. The main level features expansive living and dining areas along with a modern, generously sized kitchen outfitted with updated appliances and ample counter space. The kitchen flows directly to a private terrace of approximately 400 square feet-an ideal setting for grilling, gardening, or outdoor entertaining. A convenient half bath completes this level.   Upstairs, the primary suite includes a generous walk-in closet and a modern, upgraded en-suite bathroom. Two additional bedrooms share a second full bathroom, also updated with contemporary finishes.    Building Upgrades   The property was recently improved with new mechanicals, including two boilers and HVAC systems, providing efficiency and peace of mind for both residential and commercial use.   Income / Expense set up available upon request   Perfectly positioned near Prospect Park and surrounded by Park Slope's acclaimed restaurants, cafés, and shops, 323 5th Avenue combines commercial stability with desirable residential living in one of Brooklyn's most sought-after neighborhoods. The building also carries approximately 935 square feet of unused FAR; buyers are encouraged to consult with an architect or other professional regarding potential options.    

Listed by Anthony Robles

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Douglas Elliman Real Estate

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(917) 617-9602

Listed by Aran P Scott

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Douglas Elliman Real Estate

Last updated October 23, 2025

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Source: REBNY #RLS20047909

Listing Facts

  • TypeSingle-family
  • NeighborhoodCentral Slope
  • Bedrooms3
  • Bathrooms3.5
  • Days on Prevu42
  • Taxes$9,972/year
  • Size2,851 sqft
  • Price per sqft$1,368

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

09/11/2025
Listed by Douglas Elliman Real Estate
$3,900,000

Estimated Closing Costs

Total
$145,610
Attorney Fees
$4,000
NYC Mansion Tax
$58,500
Title Insurance
$17,550
Bank Attorney
$1,500
Mortgage Recording Tax
$60,060
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $3,900,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 323 5th Avenue

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 2
  • Stories Total: 3
  • Structure Type: Mixed Use
  • Year Built: 1925
  • Entry Level: 1

Measurements

  • Building Area Total: 2,851
  • Building Area Units: SquareFeet
  • Lot Size Area: 1,263
  • Lot Size Dimensions: 58
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 00982-0008
  • Tax Annual Amount: $9,972.00

Interior

Features

  • Appliances: Washer Dryer Allowed
  • Interior Features: Smoke Free

Measurements

  • Living Area: 2,851
  • Living Area Units: SquareFeet

Rooms

  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 3
  • Rooms Total: 8

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Park Slope
  • Tax Block: 00982
  • Tax Lot: 0008

Utilities

Equipment

  • Has Cooling: Yes
  • Laundry Features: Washer Hookup, In Unit

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.