If you dream about rows of charming brownstones and a haven from the hustle and bustle, Cobble Hill is right up your alley. This small area just below Brooklyn Heights offers classic architecture and a warm, neighborly feel. Unfortunately, that means prices tend to be high — very high. But homeownership here could be yours for under $450K thanks to our Deal of the Week: 417 Hicks St. #5B. This 1-bedroom Cobble Hill condo is an incredible bargain in a beloved corner of Brooklyn.
The Price: $415,000
The median asking price for a home in Cobble Hill is a sky-high $1.8 million, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at more than a million bucks below average for the area — less than a quarter of the median!
Buyers who put down the 20% minimum down payment of $83,000 can expect to see monthly payments of $2,373. This includes a mortgage payment of $1,387, common charges of $418, and taxes of $568. By comparison, the median asking rent in Cobble Hill is $2,600.
Why You’ll Love It…
Of course, there’s more to love about this Cobble Hill condo than just the price. For one thing, the curved, whitewashed brick wall in the living area. This unique architectural feature creates a perfect little dining nook — or office nook! — with a window overlooking the treetops. The entire space is bright white, with hardwood floors and high ceilings.
The monochromatic design continues in the updated kitchen, with white cabinetry, subway tile, and appliances — including a dishwasher. Black counters and hardware create definition. The windowed bathroom, located off of the bedroom, sports white subway tile as well. In addition to the ensuite bath, the bedroom boasts a large custom closet with double doors.
Finally, our Deal of the Week is located in Cobble Hill Towers, a multi-building complex built around a lovely green courtyard. It provides bike storage and shared laundry, as well as a shared terrace that overlooks Downtown Brooklyn. There’s easy access to the Columbia Street Waterfront District, Brooklyn Bridge Park, and tons of local staples. Trader Joe’s and all the shops and restaurants of Court Street are just a few blocks away.
Brooklyn 1BRs Under $550K on StreetEasy Article continues below
… And Why You Might Not
This Cobble Hill condo is in a walk-up building. And the stairs are uniquely located on the exterior of the building, accessed via the shared terrace, which might be unpleasant in winter. In addition, the apartment is certainly not large. The bedroom lacks a door, which opens up the space helpfully but also takes away a layer of privacy.