Greenwood, located just south of Park Slope, is a great Brooklyn neighborhood that sometimes gets overlooked. With easy access to public transportation, great dining, shopping, and outdoor space, it’s convenient for commuters and families. That’s why our Deal of the Week is this 1-bedroom located at 180 19th St. #5.  It’s in a small, boutique building with only seven units and it has its own private balcony.

The Price: $409,000

According to the latest StreetEasy Market Report, the median asking price for an apartment in Greenwood is $1,200,000. That puts our Deal of the Week well under half of the median asking price for the neighborhood.

Buyers who pay the 20 percent minimum down payment of $81,800 can expect to see monthly payments of around $1,840. This includes a mortgage payment of approximately $1,644 (depending on rates),  very low common charges of $185, and monthly taxes of $11.

Why You’ll Love It…

The living room and kitchen have an open floor plan and there’s plenty of room for both living room furniture and a dining set. The kitchen has been recently updated with dark cabinetry and stainless steel appliances.

The home has white oak hardwood floors throughout and plenty of windows. Plus, there’s a private balcony right off the living room, which offers views of the Manhattan skyline.

The bedroom has both a window and a closet, and is separated from the bathroom, which has a soaking tub and black-and-white color scheme.

Location-wise, this apartment is on 19th Street near 4th Avenue, right by great dining and shopping options. Prospect Park isn’t too far away, plus there are great bars and theaters in the neighborhood. The R train is just a short walk away, and is also right near the D, N, W, F and G trains.

The building is also pet-friendly, and that tax abatement (expires in 2035) and low monthlies don’t hurt.

… And Why You Might Not

This is definitely a starter 1-bedroom, without much room or storage space. Also, while there’s space and a hookup for a washer and dryer, you’ll have to buy your own set. There’s no clear subletting or pied-à-terre policies, meaning this place won’t be the best for all kinds of buyers. But for those looking for a smaller place in a great neighborhood, this is a great option.

Check out the listing at 180 19th St. #5, listed by Michael K. Davis of Compass.