- Year built
- 1920
- Type
- Condominium
- Landmark
- Landmark or historic district
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 408 3rd Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
408 3rd Street is a four-residence condominium in a 21.5-foot-wide, four-story 1920 building on 3rd Street between Fifth and Sixth Avenues. The sponsor renovated the building in 2022, split it into four condominium tax lots in November 2022, and closed every home within about four weeks. The deeds total $10,355,625.
That speed makes it a clean read on Park Slope full-floor condominium pricing at the 2022 peak. Four three-bedroom homes sold for $2.375 million to $2.985 million. The top-floor home, at 1,360 square feet per its listing record, sold for $2.45 million, about $1,801 per square foot. The lowest floor, which a listing record prices at about $1,218 per square foot, sold for the most at $2.985 million; the difference points to a much larger garden or duplex layout.
ACRIS shows no resale deed on any of the four homes since. Any home that comes back to market is a first resale against these 2022–23 numbers.
Architecture and residences
PLUTO records a 1920 building of four stories on a lot of 21.5 by 105 feet, with 6,530 square feet of floor area in an R6B district. Department of Buildings permits issued between December 2021 and April 2022 cover general construction, structural, plumbing and mechanical work from the cellar through the fourth floor, the roof and the stair bulkhead, with "no change in use, egress or occupancy." The general-construction permit carries an estimated cost of $193,565. All of those permits are signed off.
The Attorney General record calls the offering new construction, which does not match the city record of a 1920 building altered without a change of use. Treat it as a full interior renovation of the existing shell.
Listing records describe four three-bedroom homes with Danish Douglas fir plank floors, Carrara marble counters, Bosch, Miele and Fisher & Paykel appliances, Porcelanosa and Grohe bath fixtures, separate laundry rooms with Bosch washers and dryers, three-zone Mitsubishi heating and cooling, and deeded storage rooms in the basement. Residence 3 has a private finished roof terrace. The building has a virtual doorman service for packages.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD220057), the plan was submitted March 8, 2022 and accepted August 8, 2022, with 408 Third St LLC as sponsor and four residential units. The record shows a total offering price of $10,500,000, an average of $2,625,000 per home, and no initial price. It lists no effective date and one unit sold, figures it has not updated since the closings recorded in ACRIS. The amendment history was not re-read for this page.
Recorded sales came in $144,375 below the offering total, about 1.4 percent.
Recorded sales
ACRIS shows four sponsor deeds:
| Residence | Layout | Size | Price | $/sf | Deed dated |
|---|---|---|---|---|---|
| 1 | 3 bed | about 2,450 sf (derived) | $2,985,000 | about $1,218 | December 22, 2022 |
| 2 | 3 bed | not stated | $2,545,625 | — | January 4, 2023 |
| 3 | 3 bed | not stated | $2,375,000 | — | January 20, 2023 |
| 4 | 3 bed, 2 bath | 1,360 sf | $2,450,000 | $1,801 | January 20, 2023 |
The Residence 1 size is derived from a listing record's price per square foot and is not stated in the deed. One listing record gives Residence 4 a March 10, 2023 closing date; ACRIS dates the deed January 20, 2023. A 2023 listing record for Residence 4 shows common charges of $315 a month and real estate taxes of $5,244 a year. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jan 20, 2023 | 3 | 3 BR · 2 BA · 1,402 sf | $2,375,000 | $1,694/sf | -0.8% |
| Jan 20, 2023 | 4 | 3 BR · 2 BA · 1,360 sf | $2,450,000 | $1,801/sf | +0.0% |
| Jan 4, 2023 | 2 | 3 BR · 2 BA · 1,360 sf | $2,545,625 | $1,872/sf | +1.8% |
| Dec 22, 2022 | 1 | 3 BR · 2.5 BA · 2,450 sf | $2,985,000 | $1,218/sf | +0.0% |
Market read. Most recent trades (2023) cleared a median $1,801/sf (recorded) across 3 sales. Median listing discount 0.0% from the last ask.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00982-7505; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 408 3rd Street and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Every home is a resale. The sponsor sold out in early 2023. A buyer now negotiates with an individual owner, and the 2022–23 deeds are the baseline.
Square footage. Only one home has a stated size in the records reviewed. Ask for the floor plan and the Schedule A area before comparing price per square foot with other Park Slope conversions.
Carrying costs. Common charges on a four-unit condominium are low because there is no staff. Budget for a reserve and for owners to share roof, facade and boiler decisions directly.
Closing costs. In a resale the buyer pays the state mansion tax of 1% at $1 million and above, plus title and recording costs; the seller pays the transfer taxes. Use the calculators below to run your price.
Comparable buildings
If you're considering 408 3rd Street, also look at these small Park Slope condominiums:
- 275 Sixth Avenue — four-residence condominium converted in 2025 from a limestone row house
- 393 4th Street — four-residence condominium converted in 2009 with floor-through homes
- 357 4th Street — four-residence townhouse condominium converted in 2007, one block south
- 346 11th Street — four-residence condominium with loft layouts and private outdoor space
- 392 3rd Street — The Retreat, an eight-residence conversion on the same block
- 205 14th Street — five-residence South Slope conversion that sold out in 2024–25
More Park Slope buildings
- 40 Prospect Park West — 1942 co-op
- 400 3rd Street — 1920 co-op
- 404 3rd Street — co-op
- 409 Third Street — 1921 condominium
- 41 Park Place — condominium
- 412 & 420 Eighth Avenue, 412 and 420 Eighth Avenue — 1920 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Park Slope.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 408 3rd Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com