Average asking prices for homes in Brooklyn have been on the rise this year, creeping just below $1 million all summer. But fear not: there are still some great deals throughout Brooklyn, even in some of the most-desired neighborhoods, which is why we’ve chosen 175 Adams St. #3B as our Deal of the Week. This Downtown Brooklyn one-bedroom is located in a well-maintained co-op and has a good amount of closet space, plus a dishwasher.
The Price: $500,000
The median asking price for a home in Downtown Brooklyn was $1.2 million this August, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at less than half the median asking price for the neighborhood!
With the 20% minimum down payment of $100,000, buyers can expect to see monthly payments of $3,527. This includes a mortgage payment of $2,192 and maintenance fees of $1,335. It’s also far less than the median asking rent in Downtown Brooklyn, which sat at $4,350 this August.
Why You’ll Love It…
This one-bedroom apartment is a corner unit, so there are lots of windows that all face outward instead of toward an airshaft or wall. The bathroom and the kitchen both have windows, and the bedroom has windows facing both north and west! Additionally, the bedroom is fairly large and can easily accommodate a king-size bed. You’ll find two well-sized closets in this room, in addition to a closet by the front door of the apartment and one outside the bathroom.
The unit features gorgeous bamboo floors throughout, which offer a bright and sophisticated look. Entering the unit, you’ll find one large, open room that can easily fit both dining room and living room furniture. Through a large doorway you’ll enter the kitchen, which has two-toned cabinetry and an amenity on many wish lists: a dishwasher.
Located in the Concord Village co-op, this unit has great access to the many parks and recreation opportunities in the neighborhood. It’s sandwiched between Whitman and Trinity Parks, but Cadman Plaza Park and Brooklyn Bridge Park aren’t too far either. Feel like taking a nice stroll, jog, or bike ride across the Brooklyn Bridge? There’s an entrance just a third of a mile away at Prospect Street and Cadman Plaza East/Washington Street. When you need to leave the neighborhood, there are plenty of transit options. The A and C trains are available at the High Street stop, less than 500 feet from the building. The F, R, 2, 3, 4, and 5 trains are also all located within a third of a mile.
There are plenty of perks inside the building, too. In addition to an elevator, there are full-time doormen, an on-site super, and a laundry room. The rooftop deck offers a great place to relax with friends while overlooking the Manhattan skyline. There’s also a fitness center and community room.
…And Why You Might Not
While the building does offer a bike room, additional storage, and parking, there is a waitlist for all three of these amenities. Regarding the unit, the bathroom and kitchen are both quite outdated and may need to be renovated to your liking. For example, the kitchen doesn’t have stainless steel appliances and the cabinetry appears to be old. And of course, there are the slightly high maintenance fees to consider.
However, if you’re looking for a place in the heart of Downtown Brooklyn, be sure to check this one out!
Check out the listing at 175 Adams St. #3B, listed by Jana Welch of Compass.