Sunset Park is a classic Brooklyn neighborhood located just west of Park Slope with plenty going for it, from its park space to its charming residential streets. Median asking prices have risen dramatically in the last year, by over $600,000. But you can still find steals in the neighborhood, like 4401 Fourth Ave. #5B. Our Deal of the Week is a 1-bedroom apartment with a well-updated kitchen — and copious amounts of exposed brick!
The Price: $450,000
The median asking price for a home in Sunset Park was $1.4 million this March, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at about a third of the median asking price for the neighborhood!
Buyers who stick with the 10% minimum down payment of $45,000 can expect to see payments of $2,518. This includes a mortgage payment of $2,118, and a maintenance fee of $400 — very low by NYC standards!
Why You’ll Love It…
In the large living room, you’ll find two sliding barn doors leading to the bedroom, which can fit any sized bed according to the listing description. Once inside the bright and airy bedroom, you’ll also find a walk-in closet! Back in the living room, a dining alcove provides the perfect spot for a table and chairs. Alternatively, it could be used as a work-from-home nook.
The semi-open, windowed kitchen has been upgraded with all the works. In addition to the gorgeous bamboo composite hardwood floors and exposed brick throughout the unit, the kitchen features teal cabinetry and open shelving. There’s also an oversized sink, induction cooktop, and tin backsplash!
Another highlight of the unit is the spa-like bathroom, complete with a soaking tub, basin sink, and even more exposed brick.
The 20-unit co-op is located right by the R train for easy commutes to Manhattan and throughout Brooklyn. It’s also only one long block away from Sunset Park and its sports fields, recreation facilities, and walking paths. The building has a common laundry room, bike storage, package room, and outdoor courtyard. Plus, pets are allowed.
… And Why You Might Not
Sadly, despite how updated the kitchen is, there’s no dishwasher. The building is also a walk-up, meaning buyers won’t have the luxury of an elevator. However, the co-op does have a lot else going for it, and if you’re looking to buy in Sunset Park with low fees, this might be just the place for you.
Check out the listing at 4401 Fourth Ave. #B5, listed by Jacob Wood of Douglas Elliman.
