Williamsburg has seen prices higher than the Brooklyn average for well over a decade now, as interest in the neighborhood surged and new buildings went up. But in the more modest sub-neighborhood of East Williamsburg, owning a home doesn’t have to cost seven figures. Our Deal of the Week, 100 Maspeth Ave. #5L, is an East Williamsburg 1-bedroom condo located in a building with the full works — including a pool and sauna!
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Learn more about our Deal of the Week!
The Price: $665,000
The median asking price for a home in Williamsburg was $2 million this February, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at less than half the median asking price for the greater neighborhood.
Also, the minimum down payment for this home is just 5% — most condos require at least 10%! Buyers who make this 5% down payment of $33,250 can expect to see monthly payments of $4,843. This includes a mortgage payment of $4,127, common charges of $699, and monthly taxes of $17, thanks to a tax abatement in place for the next 11 years.
Why You’ll Love It…
The open living room and kitchen are flooded with light thanks to the south-facing window and glass door leading out to the balcony, which is the perfect size for sitting with a cup of coffee in the morning. Between the kitchen and bathroom are two small adjacent closets, one containing in-unit washer/dryer hookups — but if you’d rather not purchase your own units, there’s also a laundry room in the building. The other closet is located right outside the bathroom, perfect for towels and linens. The luxurious, spa-like bathroom is outfitted in marble tile and a deep soaking tub/shower combo.
The kitchen has all the modern features you could ask for, including a dishwasher, mounted microwave, two-toned cabinetry, and white marble backsplash. Its L-shape allows room for a small dining set, or a kitchen island if you’d rather increase your counter space. Located right off the kitchen and living area, the spacious bedroom has an oversized south-facing window and a generously sized closet.
When it comes to this listing, what’s in the building is just as exciting as what’s in the unit. This full-service doorman building has an elevator, indoor parking garage (although a spot will cost you $51,000), fitness center, sauna, heated saltwater pool, jacuzzi, rooftop deck, lounge, bike storage, laundry room, and pet spa. The unit also comes with its own private, deeded storage space.
Location-wise, the building is right across the street from Cooper Park, a beloved neighborhood gathering spot with a dog run, tennis courts, playgrounds, and skate park. For even more green space, McCarren Park is less than a mile away. The L train is just three blocks away, though it’s easy to stay local with numerous shops and eateries on Metropolitan Avenue, Grand Street, and Graham Avenue.
…And Why You Might Not
The open kitchen and living area doesn’t have quite enough room to fit a large dining set, if that’s important to you. There’s also no window in the bathroom. Otherwise, it’s hard to find things to dislike about this listing!
Check out the listing at 100 Maspeth Ave. #5L, listed by Anna Lobanova of Douglas Elliman.
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