397 5th Ave, Brooklyn, NY 11215
Property image
Property image
FOR SALE

$4,650,000

  • 8 Beds
  • 6 Baths
  • 3,828 sqft

397 5th Ave, Brooklyn, NY 11215

Park Slope
Est. Mortgage $27,614/mo*
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Home Highlights

Single-Family Home
Built in 1899
$1,215/sqft

Local Information

  • Map ViewExplore the area around 397 5th Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn**

Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods.

Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years,

In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don’t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.
Contact this Building
Property Website
Last check for updates: about 11 hours ago
Listing by: Compass, (718) 710-1844
Roseanne Degliuomini
Louis Esposito
Source: StreetEasy, MLS#S1837916

Home Details for 397 5th Ave

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 16
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 6Number of Bathrooms (full): 6
Dimensions and Layout
Living Area: 3828 Square Feet
Appliances & Utilities
Appliances: DishwasherDishwasher
Heating & Cooling
Has CoolingAir Conditioning: Central Air
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood
View
Has a ViewView: City

Exterior Features

Exterior Home Features
Patio / Porch: OtherExterior: Courtyard
Parking & Garage
No Garage

Days on Market

Days on Market: 68

Property Information

Year Built
Year Built: 1899
Property Type / Style
Property Type: ResidentialProperty Subtype: Mixed Use

Price & Status

Price
List Price: $4,650,000Price Per Sqft: $1,215

Location

Direction & Address
City: BrooklynCommunity: Park Slope

Agent Information

Listing Agent
Listing ID: S1837916

Building

Building Area
Building Area: 3828 Square Feet

HOA

HOA Fee: No HOA Fee

Listing Info

Special Conditions: Resale

Miscellaneous

Mls Number: S1837916Listing Url

Additional Information

STREETEASY Property ID: 159751STREETEASY Building ID: 70259

Around this home

Neighborhood Overview

Park Slope
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Park Slope

At least 546 Trulia users voted on each feature.

  • 95 % Say it's walkable to grocery stores

  • 95 % Say there are sidewalks

  • 94 % Say it's dog friendly

  • 92 % Say it's walkable to restaurants

  • 86 % Say streets are well-lit

  • 85 % Say people would walk alone at night

  • 81 % Say kids play outside

  • 65 % Say they plan to stay for at least 5 years

  • 64 % Say there are community events

  • 63 % Say there's holiday spirit

  • 63 % Say neighbors are friendly

  • 43 % Say yards are well-kept

  • 39 % Say it's quiet

  • 36 % Say there's wildlife

  • 26 % Say parking is easy

  • 17 % Say car is needed

Sourced by Trulia users. Learn more about our methodology.
  • Anhnghiem
    "Park Slope is a great place to raise your kids but it’s definitely expensive and will test your patience. But my kids got a great education, have interesting friends and are very independent. "
    0
    Flag
  • Fairygoddess369
    "Parades and lots of block parties different types of events from sports to food from school events to community sports"
    0
    Flag
  • Paige Ehlers-Pearl
    "About 35 mins to lower Manhattan via the F train. The G train also provides some access to other parts of Brooklyn "
    0
    Flag
  • D.luria
    "Very close to prospect park for off leash hours which we enjoy regularly. It’s also really to find good dogwalkers. "
    0
    Flag
  • Paige P
    "Being close the park is such a luxury, particularly during the week when the crowds aren’t large. However, lots of dogs nearby (yay) means lots of bad dog owners (boo)."
    0
    Flag
  • Jose Corona
    "Theres always places to go and explore or to try out different cultures as well for food or even stores to shop at "
    0
    Flag
  • bdpowell7
    "Fantastic neighborhood. Feels like a community. A lot of families. Great schools. There’s a great food coop. "
    0
    Flag
  • Anhnghiem
    "We have lived in Park Slope for over 10 years and we love it. It’s an amazing community and there is so much to do in the neighborhood. "
    2
    Flag
  • Gohar Rashid
    "Decent commute it’s good to have B/Q TRAIN CAUSE IF ONE BOT WORKING THE OTHER ONE IS WORKING & b82 bus plays important role too "
    2
    Flag
  • Devtysingletary
    "Block parties are alive and well. Great sense of community with a block whatsapp group. Neat little finds on the street. "
    0
    Flag
  • William D Duty
    "It’s the R train. So, it’s a long commute sometimes. The bus is pretty nice. It takes an hour at best to get to the upper east side. "
    1
    Flag
  • Trulia User
    "There are a lot of vagrants sleeping on the stoops and some have been violent towards people that live here and children"
    4
    Flag
  • Trulia User
    "Brownstone tree lined streets full of families. Halloween. Fall. Good food. Playgrounds. Neighbors. "
    4
    Flag
  • Trulia User
    "many other dogs to sniff, plenty of groomers and there’s often free dog cookies in the regular stores"
    0
    Flag
  • Trulia User
    "It is like any other neighborhood in Brooklyn it has its shay areas but for the most part it is a beautiful piece of Brooklyn "
    1
    Flag
  • Trulia User
    "Great restaurants, friendly people who make a good living but are humble and interesting and well cultured!"
    3
    Flag
  • Trulia User
    "I see people walking their dogs all the time. Prospect Park is also a very popular place for dog owners to bring their dogs during off leash hours. "
    0
    Flag
  • Trulia User
    "There is a huge park, a small park, many schools and children and parents. There are dogs, dog walkers, and friendly dog owners. "
    1
    Flag
  • Trulia User
    "Lots of families and preschools in the area. Area full of strollers and dogs! Also has green and shaded streets."
    0
    Flag
  • Trulia User
    "Very easy commute to the city and downtown Brooklyn. Park slope is a short walk to many different lines. "
    0
    Flag
  • Trulia User
    "Nice family neighborhood with nice places to eat and shop. Many parks around friendly for kids and pets."
    3
    Flag
  • Trulia User
    "This is actually not my neighborhood, but I jog around in this neighborhood a lot. I feel pretty safe around here."
    0
    Flag
  • Trulia User
    "Easy commute to Manhattan with multiple train lines nearby. Park Slope is a beautiful, quiet residential neighborhood of brownstones and other low profile housing. Great family neighborhood. It doesn’t get better than this in NYC."
    0
    Flag
  • Trulia User
    " I don’t know. I don’t have a dog. I have never owned a pet. There are plenty of pets around though. Lots of parks"
    0
    Flag
  • Trulia User
    "I have lived in this neighborhood for 25 years. I have seen drastic changes for the good since I moved here. There are lots of families and most people seem friendly. "
    0
    Flag
  • Hazuki A.
    "Street fairs and farmers markets, barbecues in Prospect Park, music performances on the streets For children and adults. In the summer, they have celebrate Brooklyn! Which invites wonderful artists to perform at the band shell in Prospect Park. Often the zoo and the botanical Garden hosts events."
    12
    Flag
  • Metcalfe78
    "Fifth avenue street fairs each year; the Halloween parade on 7th Ave; plant sales at the local community garden; the Cherry Blossom Festival at Brooklyn Botanic Gardens "
    1
    Flag
  • Rajalingam J.
    "I have lived here for 20yrs and love it everyday!! Park Slope has beautiful brownstones. Prospect Park is the jewel in the crown!!"
    12
    Flag
  • Drewcreid
    "Prospect Park is a huge attraction for dog owners. Off leash in early morning is very fun for the pups. "
    2
    Flag
  • Sandra P.
    "The neighborhood offers excellent public transportation access (be it subway, bus, bike share, or Long Island Railroad) and easy access to major thoroughfares."
    2
    Flag
  • Chris L.
    "There can be a bit of garbage you have to watch out for. Our dog likes to look for street food which isn't good. "
    1
    Flag
  • Nicholas H.
    "It’s a nice, pretty, relatively quiet neighborhood with good public schools and lots of green space."
    1
    Flag
  • Wbarbot
    "Tree lined streets, good restaurants Prospect Park within walking distance and one of the best school school districts in NYC . District 15"
    0
    Flag
  • Kristina.galassi
    "It’s very family friendly, so close to the park, lots of great places to eat and small businesses to shop at. Other than the enormous price tag, it’s a fantastic neighborhood!"
    8
    Flag
  • Dianamccorry
    "There’s a pretty fun Halloween decorating contest every year, but the best events are the free concerts at the Prospect Park Bandshell!"
    0
    Flag
  • Ashleynfoley
    "Just the community itself not so much the events.. it really is a place where people live, go to events in the City and be with you’re family here :) "
    1
    Flag
  • Lisa P. K.
    "Park Slope is a great neighborhood to raise a family. It is a wonderful community with great schools and resources for kids."
    2
    Flag
  • Erin S.
    "Very short. Trains are ok. Depends on exactly where you are. About 45 min to Midtown. Close to f trains where I am"
    1
    Flag
  • Kyle K.
    "Block parties, great schools, street fairs, outside dining, and stoop drinks. Great neighborhood for dogs too."
    0
    Flag
  • Adela C.
    "Great area, close to restaurants, transportation, and Prospect Park. Great for walking and families! "
    0
    Flag

Market trends in Park Slope

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.85M
$140KMoM
Sale-to-List Price
102.6%
0.6%MoM
Price per sq ft
$1.48K
$84MoM
Available listings
89
22MoM

Home Value

Trulia Estimate
$4.51M
Since last month
Decreased$10K (-0.2%)
Since last year
Increased$856K (+23.5%)
Since last sale
Increased$2M (+76.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +62% in the last 10 years
MonthEstimated value
2026
September 2026$4.5M
August 2026$4.51M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
289 7th Ave, Brooklyn, NY
0.30
Single-Family Home
$2,750,000
11/05/25
6
6
5,815
232 8th St, Brooklyn, NY
0.14
Single-Family Home
$5,715,000
08/17/26
5
5.5
5,318
524 3rd St, Brooklyn, NY
0.37
Single-Family Home
$3,800,000
03/12/26
5
4
4,000
370 8th St, Brooklyn, NY
0.20
Single-Family Home
$5,950,000
06/12/26
4
3.5
3,907
470 9th St, Brooklyn, NY
0.36
Single-Family Home
$4,250,000
03/16/26
5
3
3,500
488 7th Ave, Brooklyn, NY
0.58
Single-Family Home
$2,425,000
09/25/25
6
4
2,422
290 19th St, Brooklyn, NY
0.71
Single-Family Home
$3,500,000
02/02/26
5
5.5
4,000
335 21st St, Brooklyn, NY
0.80
Single-Family Home
$1,999,999
06/26/26
9
5
4,000
62 3rd St #11231, Brooklyn, NY
0.69
Single-Family Home
$3,400,000
06/24/26
6
5.5
5,854

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
359 7th St #2, Brooklyn, NY 11215
0.04
$1
2
2
1,000
Recently Sold
358 7th St, Brooklyn, NY 11215
0.06
$3,858,500
7
3
3,400
Off Market
290 8th St, Brooklyn, NY 11215
0.08
$3,769,800
4
3.5
-
Off Market
356 6th St, Brooklyn, NY 11215
0.03
$4,379,200
4
3.5
2,705
Off Market
400 5th Ave, Brooklyn, NY 11215
0.03
$3,350,000
9
3
4,000
For Sale
W 8th Street Plainfield Twp, Wind Gap, PA 18091
0.09
-
-
-
-
Off Market
267 8th St #4L, Brooklyn, NY 11215
0.07
$1,760,000
3
2
1,181
Recently Sold
267 8th St #2R, Brooklyn, NY 11215
0.07
$1,587,600
2
2
1,065
Off Market
269 8th St #2R, Brooklyn, NY 11215
0.07
$1,330,000
2
2
1,065
Recently Sold
269 8th St #3R, Brooklyn, NY 11215
0.07
$1,295,000
2
2
1,065
For Sale
379 7th St, Brooklyn, NY 11215
0.08
$3,375,000
7
6
3,666
Recently Sold

Price and Tax history

DateEventPrice
Jul 13, 2026
Source: StreetEasy #S1837916
PriceChange
$4,650,000
Price decreased by 13%
Oct 12, 2024
Source: StreetEasy #1731398
PriceChange
$5,375,000
Price decreased by 12%
Aug 26, 2024
Source: StreetEasy #1731398
Listed For Sale
$6,100,000
Apr 5, 2016
Source: N/A
Sold
$2,550,000
Apr 10, 2015
Source: Agent Provided
ListingRemoved
$2,490,000

LGBTQ Local Legal Protections

Roseanne Degliuomini, Compass, (718) 710-1844

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Frequently asked questions about 397 5th Ave

  • What is the estimated monthly payment for 397 5th Ave?
    Based on a $4,650,000 list price with 20% down at today's rates, the estimated monthly payment for 397 5th Ave in Brooklyn, NY is approximately $27,927 (about $25,062 principal & interest, $2,790 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 397 5th Ave compare to homes in Brooklyn?
    397 5th Ave in Brooklyn, NY is listed at $4,650,000, about 152% above the $1.85M median sale price in Brooklyn.
  • What do residents say about the Park Slope neighborhood?
    Residents describe the Park Slope neighborhood in Brooklyn, NY as walkable to grocery stores, pedestrian-friendly, and dog-friendly. See homes for sale in Park Slope, Brooklyn.
  • What are the closest schools to 397 5th Ave?
    The closest schools to 397 5th Ave in Brooklyn, NY are John Jay School for Law (High, rated 5/10), Ms 51 William Alexander (Middle, rated 6/10), Ps 39 Henry Bristow (Elementary, rated 10/10).
  • Does 397 5th Ave have air conditioning?
    Yes, 397 5th Ave in Brooklyn, NY has air conditioning.
397 5th Ave, Brooklyn, NY 11215 is a 8 bedroom, 6 bathroom, 3,828 sqft single-family home built in 1899. 397 5th Ave is located in Park Slope, Brooklyn. This property is currently available for sale and was listed by StreetEasy on Jul 13, 2026. The MLS # for this home is MLS# S1837916.