Park Slope may be one of the 10 most expensive neighborhoods in New York City, but that doesn’t mean there are no deals to be found. Take our Deal of the Week: This cozy 1-bedroom at 306 Garfield Place #4R is in a classic Brooklyn brownstone, just down the street from Prospect Park, and right near everything this classic neighborhood has to offer.
The Price: $395,000
According to the latest StreetEasy Market Reports, the median asking price for an apartment in Park Slope is $1,567,500. Our Deal of the Week is thus just a small fraction of the median asking price for the neighborhood.
Buyers who put down the minimum 20 percent down payment of $79,000 can expect to see monthly payments of roughly $2,036. This includes a mortgage payment of about $1,496 and the monthly maintenance fee of $540.
Why You’ll Love It …
This apartment has classic features like oversized windows with ornate wood trim, high ceilings, and parquet floors. The living room is spacious enough for a small dining set. The kitchen, which opens into the living room, is brand new, with new cabinets, countertops, a marble-tiled backsplash, microwave and stainless-steel fridge.
The bedroom is tight, but large enough for a bed and a dresser. There’s additional storage in a hallway closet off the entryway to the room, and another closet in the living room, near the bathroom.
The apartment is located in a quintessential limestone barrel-front building on a quiet, tree-lined street. It’s pet-friendly, offers additional storage, and has laundry in the building. Plus, it’s hard to ignore those low maintenance fees.
Homes for sale in Park Slope under $500,000 Article continues below
The home is also just steps from Prospect Park, and a few blocks from Grand Army Plaza, the Brooklyn Museum, and the Brooklyn Botanic Garden. It’s also right nearby great restaurants, cafes, shops, and bars. The B, Q, 2 and 3 trains are all close, too.
… And Why You Might Not
The apartment is definitely on the smaller side, especially the bedroom. Still, it’s suitable for a single person or a couple. It’s also a fourth-floor walk-up, so prepare to get some exercise. But for an apartment that’s quintessentially Brooklyn, in a prime location, this is an affordable and attractive choice.
Check out the listing at 306 Garfield Place #4R, listed by Ron Saltarrelli of Douglas Elliman.
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