If you dream of old-school brownstones and shady, tree-lined blocks, Cobble Hill is probably right up your alley. This neighborhood, bordered by Downtown Brooklyn and Boerum Hill, has tons of charm and easy access into Manhattan. It also has pretty high prices. But if you’re willing to give up an elegant townhouse for a modern, newly renovated Cobble Hill 1BR, check out our Deal of the Week. 251 Pacific St. #23 is a bright , sunny space with enviable amenities, including a dishwasher and an in-unit washer/dryer.
The Price: $550,000
The median asking price for a home in Cobble Hill is $2.3 million, according to the latest StreetEasy Market Report. That puts our Deal of the Week at about a quarter of the median asking price.
Buyers who choose to put down the 20% minimum down payment of $110,000 can expect to see monthly payments of $2,886. This includes a mortgage payment of $2,282 and a maintenance fee of $604. By comparison, the median rent for a Cobble Hill 1BR is $2,900.
Why You’ll Love It…
The living, dining, and kitchen area has an open floor plan, with light hardwood floors and three windows to keep the place bright. There’s enough space for a small dining set in addition to living room furniture. And the kitchen has been sleekly updated with stainless steel appliances, including a real NYC-apartment holy grail: a dishwasher.
While there is a closet in the bedroom, the apartment also features a “dressing area” just outside the bathroom with two large closets. One of these is home to a second holy grail: the in-unit washer/dryer, which tucks away out of view when not in use.
The co-op building offers a bike-storage room, plus additional storage available to rent. There’s a rooftop deck too, with wide-open views and communal seating. Transportation options abound, with nine train lines within walking distance. The location is also a quick stroll from Trader Joe’s and a huge array of great neighborhood places to eat and drink.
Brooklyn 1BRs Under $700K on StreetEasy Article continues below
… And Why You Might Not
While this Cobble Hill 1BR is only one flight up, there is no elevator in the building. Additionally, the bedroom is a tight squeeze, and the dressing area seems like a slightly awkward use of much-needed floor space. But at this price the apartment is a steal for the neighborhood, with laundry, a dishwasher, and access to outdoor space to boot!
Check out the listing at 251 Pacific St. #23, and check out the video walkthrough. Contact a StreetEasy Expert on the listing for more information.
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