Park Slope has lots to offer: great restaurants, bars, classic Brooklyn streets, and access to Prospect Park, to name a few. And yes, Park Slope is one of the pricier neighborhoods in NYC, but there are great deals to be found. This week’s Deal of the Week is a prewar apartment in Park Slope at 279 1st St. #2B. In addition to its wonderful vibe and fabulous amenities, it has in-unit laundry.
The Price: $625,000
According to the latest StreetEasy Market Reports, the median asking price for an apartment in Park Slope is $1,567,500. That puts our Deal of the Week at almost $1 million below the neighborhood’s median.
Buyers who pay the minimum of 20 percent down ($125,000) can expect to see monthly payments of around $3,125. This includes a mortgage payment of $2,367 and a relatively low maintenance fee of $758.
Why You’ll Love It…
This prewar apartment has been renovated while keeping its original charm intact. For starters, there’s a wood-burning fireplace (yes – it actually works!), a gorgeous mantle and adjacent built-in bookshelves that help anchor the living room and provide valuable storage space.
The updated galley-style kitchen pops with modern stainless-steel appliances, subway tile backsplash and Carrara marble countertops, which are also used in the updated bathroom.
The two bedrooms are separated by the kitchen, with the smaller of the two featuring French doors as its entry. And this being New York, a washer and dryer is tucked into a closet space in the master bedroom, which also has two sizable custom closets for plenty of storage space. The apartment also comes with storage in the building and it has a pet-friendly policy, too.
Location-wise, the apartment is situated right near 5th Avenue close to plenty of eateries, bars, breweries, gyms, parks and playgrounds. Prospect Park and Grand Army Plaza are about four blocks away and the R, F and G trains are less than a half-mile.
… And Why You Might Not
Legally, this apartment is a 1-bedroom. The second bedroom, while it has a window and closet, is not large enough to meet the NYC Building Code requirement to be considered a legal bedroom. But, it could be used as an office, den or guest room. Currently, it looks like it’s being used as a baby’s room. So, if you’re looking for an updated apartment in a great neighborhood, this one should be on your list.
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