Those looking to buy in Brooklyn know that prices are still on the rise throughout the borough. For example, Prospect Heights saw a 36 percent year-over-year change in the median sales price. This neighborhood north of Prospect Park has great access to outdoor space, cultural events, and amazing architecture — with a price tag to match. Our Deal of the Week proves the neighborhood still has deals to be found such as this charming 1-bedroom at 675 Vanderbilt Ave. #1A, which has maintained plenty of its original details.
The Price: $475,000
According to the latest StreetEasy Market Report, the median asking price for a home in Prospect Heights is $1.3 million. That puts our Deal of the Week at less than one third of the median asking price for the neighborhood.
Buyers who pay the minimum 20 percent down payment of $95,000 can expect to see monthly payments of around $2,460. That is based on current rates for a mortgage payment of $1,949 and a maintenance fee of $471. Not bad by NYC standards.
Why You’ll Love It…
This charming 1-bedroom has great details throughout, like exposed brick extending from the fireplace, 10-foot tin ceilings, antique lighting fixtures, and original hardwood floors. The living room and kitchen are combined into one, with a set of west-facing bay windows letting in plenty of light.
Custom cabinetry, Caesarstone countertops and sleek stainless steel appliances (including a dishwasher) are in the kitchen. The bedroom is accessed through a beautiful detailed entryway, although it could easily be closed or curtained off for more privacy. A closet and built-in bookshelves offer storage space.
The bathroom, located off the bedroom, has an charming mashup of textures including exposed brick, white tiling around the tub and slate flooring. In addition to great storage space, the bathroom also features a deep whirlpool tub.
Common laundry is available in the basement of the 30-unit co-op, as well as bike storage. A common courtyard provides some green space. Pets are approved on a case-by-case basis.
The location is also great. It’s located just two blocks from Grand Army Plaza and Prospect Park, as well as the Brooklyn Museum and Brooklyn Public Library. Several subway lines are right nearby at 7th Ave and Grand Army Plaza. Plus, great restaurants, cafes, bars, and gyms are all in the area.
… And Why You Might Not
This place definitely isn’t spacious. It’s ideal for those living alone or a couple who doesn’t mind close quarters. Since the kitchen is included in the living area, there really isn’t space for a full dining set in addition to a full seating set.
There are also no sublet or pied-à-terre policies currently in place for the apartment. But for those good to live on their own in Brooklyn, this place could be perfect.
Check out the listing at 675 Vanderbilt Ave. #1A, listed by Heather McMaster and Ariane Dembs of Corcoran.
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