It’s no wonder prices in Sunset Park are on the rise. This quintessential Brooklyn neighborhood has maintained much of its old-school charm while becoming increasingly popular with buyers and renters. And while you may be hard-pressed to find a steal in the nabe nowadays, there are still some great finds, like 4401 4th Ave. #C5. Our Deal of the Week is a 1-bedroom unit with great architectural features, just a block away from the neighborhood’s namesake park!
The median asking price for a home in Sunset Park was $1.4 million this May, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at $1 million below the median asking price for the neighborhood!
Buyers who stick with the 10% minimum down payment of $41,900 can expect to see monthly payments of $2,541. This includes a mortgage payment of $2,141 and a maintenance fee of $400—very low by NYC standards! It’s also near the median asking rent for the neighborhood, which sat at $2,400 this May.
Upon entering this unit, you’ll be welcomed by its artistic moldings and original pine floors which provide a homey and open feel. South-facing windows also let in plenty of light throughout the day. Open to the living room, the renovated kitchen features everything you need to make a great meal, from a double farmhouse sink to Bosch and Smeg appliances.
Down the hallway—which also functions as a foyer—you’ll find a bathroom featuring a five-foot-long rainfall shower for a true spa-like experience. Custom built-in shelving provides all the storage you’ll need. And speaking of storage, this apartment has lots of it! The foyer has a generously sized closet, as does the kitchen. Plus, the bedroom has a full wall of gorgeous closets made from acacia wood. The wood-panel design continues on the floor, feature wall, and ceiling for a truly unique look!
Transportation is easy due to the R train’s location fewer than 500 feet away at 45th Street. The building offers laundry in the basement, along with a storage unit assigned to the apartment. Roof access and a common courtyard with BBQs seal the deal. Plus, it’s pet-friendly!
Sunset Park and all it has to offer—an Olympic-sized swimming pool, sports fields, and a sprinkler park—is just a block away, as is Key Foods. Also nearby? The local library, Bush Terminal Piers Park, Industry City, and great eateries like Tacos El Bronco.
Unfortunately, this unit is located in a walk-up building, but it’s on the third floor—could be much worse! And while the bedroom can fit a queen bed, you probably won’t be able to fit much additional furniture aside from the bed and perhaps a dresser or small desk. But if you’re looking to buy in Sunset Park, be sure to shortlist this one!
Check out the listing at 4401 4th Ave. #C5, listed by Peter Bracichowicz of Corcoran.