Want to buy in Sunset Park, Brooklyn? You’re not alone. The median asking price for a home in the nabe has risen half a million dollars in the last year. And it’s no wonder. This picturesque neighborhood offers a small community vibe while maintaining quick commutes to Manhattan. But don’t fret, there are still deals in Sunset Park. Case in point, take a look at 531 41st St. #C6. Our Deal of the Week is a 1-bedroom unit located just across the street from the park in a pre-war co-op building.
Brooklyn Homes Under $650K on StreetEasy Article continues below
The Price: $375,000
The median asking price for a home in Sunset Park was $1.4 million this January, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at a little over a quarter of the median asking price for the neighborhood!
Buyers who choose to stick with the 10% minimum down payment of $37,500 can expect to see monthly payments of $2,014. This includes a mortgage payment of $1,506 and a maintenance fee of $508. Plus, the monthly payment is right on the money for the median monthly rent in the neighborhood: $2,000 as of January.
Why You’ll Love It…
First of all, we’ve got to talk about this unit’s location: right across the street from Sunset Park and all of its sports fields, walking trails, and sprawling lawns. The building is pet-friendly, has shared laundry and common outdoor space; plus the unit comes with its own storage space in the basement. And the D, N, and R trains are about a quarter-mile away.
Inside, you’ll step into a foyer that’s open to the living room and kitchen, complete with a generously sized closet. The renovated kitchen has everything you need to cook at home, including a dishwasher and stacked fridge. The high ceilings also allow for lots of cabinets, and the glass tile backsplash offers a classy touch. Plus, throughout the unit, you’ll find northwest-facing windows and parquet flooring with inlaid trim.
The bedroom is located right off the living room and is large enough for a queen-sized bed. There’s another large closet in this room, too. On the opposite side of the apartment, you’ll find a windowed bathroom complete with a glass-walled soaking tub and shower combo.
… And Why You Might Not
This unit is located in a walk-up building, but it’s only on the third floor instead of the fourth — which is something. Plus, the co-op doesn’t allow for subletting. Additionally, the kitchen doesn’t have a lot of counter space, but there is a decent amount of cabinet space.
Despite all that, you’ll have a hard time finding a better deal in Sunset Park!
Check out the listing at 531 41st St. #C6, listed by Susan Molloy of Compass.
