Median asking prices in Brooklyn have been firmly in the seven-figure range since February, so finding a place for less than $500,000 may seem challenging. But there are deals to be found throughout the borough, like 303 Beverley Road #9G. Our Deal of the Week is a 1-bedroom co-op in Kensington with a large updated kitchen, and a location just a few blocks from Greenwood Cemetery and Prospect Park.
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Learn more about our Deal of the Week!
The Price: $375,000
The median asking price for a home in Kensington was $541,000 this May, according to the StreetEasy Data Dashboard — just a fraction of the median $1.1 million asking price for all of Brooklyn. At $375K, our Deal of the Week easily falls under both of these price points.
Buyers who put down the 20% minimum down payment of $75,000 can expect to see monthly payments of $2,697. This includes a mortgage payment of $2,030 and a maintenance fee of $667.
Why You’ll Love It…
The kitchen is definitely this Kensington home’s piece-de-resistance. The lower cabinetry is arranged in an L-shape to create a huge peninsula, which can be used to prep food and doubles as bar seating. In addition to a ton of storage and counter space, the kitchen boasts full-size stainless steel appliances, including a stacked refrigerator and a dishwasher! Cooking and cleanup will be a breeze, though there are plenty of takeout options on nearby Church Avenue. An oversized window lets in plenty of light as well.
Open to the kitchen, the living area has enough room for both dining and living furniture, in addition to the breakfast bar, making entertaining a breeze. An entryway foyer offers a small nook with storage space. Meanwhile, the bedroom has enough space for a queen bed in addition to other furniture, such as a desk or dresser. The bathroom has a spacious vanity and a blue bathtub — very vintage!
To top it all off, the unit is located on the ninth floor of a full-service elevator building with a doorman, onsite management, laundry room, package room, bike room, and parking garage (currently waitlisted). The low monthlies don’t hurt, either.
Location-wise, the building is just a couple blocks from the F and G trains on Church Avenue, and a little over a half-mile from the southwest corner of Prospect Park.
…And Why You Might Not
Unfortunately, the building does not allow dogs, but does allow cats. The living room is also a bit narrow, and the nearest window is in the kitchen area. However, with so much space, so many amenities, and a great location, this one is a steal at under $400K!
Check out the listing at 303 Beverley Road #9G, listed by Zvi Aranoff of Pearl Estates.
Find more NYC homes under $400K on StreetEasy
