Apartment-hunting in New York often feels like a balancing act between neighborhood amenities, building amenities, the interior of the unit, and of course, the price. If you’re looking to strike that balance perfectly, take a look at Downtown Brooklyn units — namely, 53 Boerum Place #4K. Our Deal of the Week is a Downtown Brooklyn 1-bedroom unit in a full-service building conveniently located just a couple of blocks from Atlantic Avenue.
Learn more about our Deal of the Week!
The Price: $585,000
The median asking price for a home in Downtown Brooklyn was $1.1 million this August, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at about half the median asking price for the neighborhood!
Buyers who put down a 20% down payment of $117,000 can expect to see estimated monthly payments of $4,166. This includes a mortgage payment of $2,997 at a 6.625% interest rate, common charges of $667, and monthly taxes of $502. Monthly payments are also below the median asking rent for the neighborhood, which was $4,500 this August.
Why You’ll Love It…
This unit has a holy grail of NYC living: central air conditioning. There are also hardwood floors throughout the apartment. The living area and kitchen are open to one another but separated by a peninsula breakfast bar that can fit at least two barstools. In the kitchen, you’ll find a suite of full-size stainless steel appliances, including a fridge, oven, mounted microwave, and the pièce de résistance — a dishwasher. Granite countertops and a mix of overhead and under-counter cabinets finish off the space.
The living area is drenched in light thanks to a nearly wall-to-wall set of east-facing windows, which overlook the building’s courtyard. French doors separate the living room from the queen-sized bedroom, which includes an extra-large closet. You’ll find another extra-wide set of east-facing windows in this room, which is perfect if you like waking up to natural sunlight. Lastly, the bathroom has as ton of storage thanks to a spacious medicine cabinet in addition to a vanity.
Downtown Brooklyn Homes Under $800K on StreetEasy Article continues below
The building is located near the border of several neighborhoods, including Downtown Brooklyn, Brooklyn Heights, Boerum Hill, Cobble Hill, and Fort Greene, meaning you’ll have easy access to all these neighborhoods have to offer. That includes great restaurants like Lemongrass Brooklyn and Gage & Tollner, attractions like the New York Transit Museum, and parks including Cadman Plaza Park and Brooklyn Bridge Park. When it’s time to leave the neighborhood, hopping on transit is a breeze, as the R, 2, 3, 4, 5, A, C, G, and F trains are all located within a quarter mile.
To top it all off, the building is pet-friendly and includes an elevator, concierge, full-time doorman, laundry, live-in super, package room, fitness center, residents lounge, and courtyard.
… And Why You Might Not
The living area likely isn’t large enough for both living room furniture and a full dining set, though the breakfast bar provides a nice spot for one or two people to eat. Apart from the size, the unit doesn’t have many drawbacks, so be sure to check this one out if you’re looking to buy an updated unit in Brooklyn.
Check out the listing at 53 Boerum Place #4K, listed by Quinn Ferree, Jon Capobianco, and Raphael De Niro of Douglas Elliman.
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