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$1,200,000 Sale Pending
Property Description
Rare opportunity to restore a spacious 5-bedroom detached Colonial in the heart of Kensington. Ideally located just minutes from Prospect Park, neighborhood parks, shopping, dining, and public transportation, this property offers the perfect combination of location and potential. In need of a complete renovation, this home is ideal for investors, contractors, or end users looking to customize a home to their own style and specifications. The main level features a large eat-in kitchen, formal dining room, spacious living room, and an enclosed sunroom with access to the rear yard. The second floor offers two bedrooms and a full bath, while the third level includes three additional bedrooms. A full unfinished concrete basement provides additional living or storage space. The home is heated by gas; however, all utilities are currently off. With its desirable detached layout, generous size, and prime Kensington location, this property presents an exceptional opportunity to restore and create lasting value.
Full Property Details
Full Property Details for 342 E 5th St
General
- Price: $1,200,000
- Taxes: $7,526
- Status: Pending
- Type: Single Family
- Source: Long_Island
- MLS ID: 1020705
- Updated: 7/17/2026
- Added to Site: 17 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Eat-in Kitchen, Entrance Foyer, Formal Dining, High Ceilings
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
- Cross Streets: Church Ave
- Driving Directions: Googlemaps
School Information
- High School District: Brooklyn 15
- Elementary School: Ps 130 Parkside
- Middle School: Jhs 62 Ditmas
- High School: West Brooklyn Community High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full Basement, Unfinished
- Sq. Ft. Source: Plans
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.0528
- Lot Size (Sq. Ft.): 2,300
- Lot Dimensions: 23 x 100
- Lot Features: Interior Lot, Near Public Transit, Near School, Near Shops
Financial Considerations
- Tax Amount: $7,526
Disclosures and Reports
- Special Conditions: None
- Property ID: 05337-0067
- Block: 5337
- Lot Number: 67
Listed by Keller Williams Rlty Landmark
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Schools
Schools serving 342 E 5th St
School District:New York City Geographic School District 15
| Name | Grades | Distance |
|---|---|---|
Ps 130 The Parkside 70 Ocean Parkway, Brooklyn, NY 11218 | K-5 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 342 E 5th St
Date
Details
Price
Change
Source
7/01/2026
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 342 E 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,187
—
$104,940
193%
2025
$7,187
11%
$35,783
-59%
2024
$6,499
6%
$86,880
-5%
2023
$6,116
-1%
$91,800
22%
2022
$6,172
-51%
$75,120
-9%
2021
$12,704
111%
$82,380
25%
2020
$6,016
6%
$65,880
—
2019
$5,658
11%
$65,880
148%
2017
$5,111
3%
$26,541
1%
2016
$4,956
9%
$26,339
6%
2015
$4,550
15%
$24,849
6%
2014
$3,946
6%
$23,444
6%
2013
$3,734
—
$22,118
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 342 E 5th St
342 E 5th Street, Brooklyn, NY 11218 (MLS# 1020705) is a Single Family property with 5 bedrooms, 1 full bathroom and 1 partial bathroom. 342 E 5th Street is currently listed for $1,200,000 and was received on July 01, 2026. Want to learn more about 342 E 5th Street? Do you have questions about finding other Single Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.
