This week, we have a 2-bedroom co-op on 6th Street that offers a perfect slice of Park Slope living — at a price that’s insanely affordable by neighborhood standards. We’ve looked at the listing carefully and can virtually promise that there are no gotchas here. It’s a just a simple good deal.
The Price: $685,000
Asking $685,000, this co-op is well-priced compared to what’s on the market in Park Slope and in Brooklyn at large. The current asking price for a 2-bedroom in Brooklyn is $750,000, or $65,000 over what this co-op wants. Compared to the rest of Park Slope, the value is even better: The median asking price for 2-bedrooms in Park Slope is nearly double the cost of our Deal of the Week, at $1,197,500.
Although the monthly maintenance will push the per-month bill for this place above the current median rent for a 2-bedroom in the neighborhood, a total payment of $3,461 for a Park Slope co-op isn’t much to complain about. With 20 percent down ($137,000), the monthly mortgage itself will run to around $2,750. Considering that the apartment is in a classic prewar co-op building, with no flip tax or land lease, an additional $717 in monthly maintenance seems pretty reasonable.
Why You’ll Love It …
This place has classic Park Slope written all over it. Located off of 5th Avenue, the apartment offers easy access to the neighborhood’s more laid-back dining and shopping area. While 7th Avenue might be the more franchise-filled commercial strip, 5th is where locals go for a more funky vibe.
From the apartment, you’re just steps from the Gate — easily the best place to get a beer in the neighborhood — plus the Down to Earth Farmers Market at Washington Park and bar/venue the Bell House on the other side of 4th Avenue. The location also means proximity to the F, G, and R trains (and sometimes the D, N, and W) at 4th Avenue and 9th Street.
The interiors of the apartment are also classic, offering a simple and homey ambiance, if nothing fancy. The windows in the master bedroom face the south, and look out onto an interior courtyard for some classic Slope vistas of fire escapes and ivy-covered walls. The living room connects directly to the kitchen to create an airy, open feel. The space is divided by a large counter that doubles as a breakfast bar. Throughout the apartment, there are understated, stylish touches, including a tiled back splash in the kitchen, and white subway tiles and built-in shelves in the bathroom.
The building’s amenities include a pet-friendly building policy, common outdoor space, and laundry in the basement. Why pay extra for those perks, when you can pay less and share them? As Biggie says, “Spread love, it’s the Brooklyn way.”
… And Why You Might Not
The second bedroom is undeniably small, and would be best suited for a small child or an office. The listing description notes that there are fans throughout the unit, which is probably an indication there’s no central air. And the entire apartment is not exactly huge. But then again, neither is the price.
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