Huge 2BR Co-Op in the Heart of Downtown Brooklyn Asks $775K

 

Easy access to Manhattan, public space galore, and an abundance of diverse restaurants and bars: All this is available in Downtown Brooklyn. This area, bordered by Brooklyn Heights and Fort Greene, typically has higher prices than the rest of the borough. But there are still deals on the market. Our Deal of the Week, 122 Ashland Place #10A, is a spacious Downtown Brooklyn 2BR in an elevator building just outside Fort Greene Park. A video walkthrough is available on the listing.

The Price: $775,000

The median asking price for a 2-bedroom in this hopping neighborhood is $1,489,000. That puts our Deal of the Week well below the average price for the area — nearly half-price, in fact.

Buyers who choose to put down the 20% minimum down payment of $155,000 can expect to see monthly payments of $4,357. This includes a mortgage payment of $2,967 and a maintenance fee of $1,390.

Why You’ll Love It…

A foyer entry with two closets greets you as you walk into this corner-unit apartment.  The well-equipped open kitchen sports a farmhouse sink, a dishwasher, and ample counter space. It opens up to a separate dining area and an expansive, L-shaped living space with big windows and lots of room to spread out.

There are also two proper bedrooms here, with two closets each. The master is slightly larger and can accommodate a king-size bed plus additional furniture. Both are adjacent to the renovated bathroom, with a clean black-and-white color scheme and modern fixtures.

This home is part of University Towers, which boasts a full-time doorman, children’s playground, gym, and laundry room. The landscaped co-op complex is a park-like setting that’s also just steps away from Fort Greene Park, so you’re surrounded by green space on all sides.

… And Why You Might Not

This Downtown Brooklyn location is truly central — it’s within a few blocks of LIU, Pratt, Brooklyn Hospital, BAM, the Alamo Drafthouse, and much more. Convenient, yes, but it could be a bit too noisy, busy, and bustling for some. And at around $1,300 per month, the maintenance fees are a bit on the high side. But a deal of this size, at this price, is absolutely worth a look!

Check out the listing at 122 Ashland Place #10A, listed by Jacquelynn Rossiter of Compass. And don’t miss the video walkthrough on the listing.

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