Kensington, Brooklyn, neighbors Windsor Terrace, Greenwood, Borough Park, and Flatbush – and offers lower median asking prices than all. This laidback nabe is great for those searching for a little more space at a lower price point. Case in point, take a look at 135 Ocean Parkway #P2. Our Deal of the Week is an oversized 1-bedroom apartment with a private terrace and dishwasher in an elevator building.
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Get to know our Deal of the Week.
The Price: $529,000
The median asking price for a home in Kensington was $552,000 this October, according to the StreetEasy Data Dashboard — about half the median asking price of greater Brooklyn, which sat at $1.1 million. That means our Deal of the Week is below the median asking price for the neighborhood, and far below average prices in the borough!
Buyers who put down the 20% minimum down payment of $105,800 can expect to see monthly payments of $3,783. This includes a mortgage payment of $2,669 and a maintenance fee of $1,114.
Why You’ll Love It…
First off, this place is huge — measuring 950 square feet, which is nothing to sneeze at. The sheer amount of room allows for several different spaces with designated purposes, including a dining area, walk-in closet, and large entryway. The living room also has a Murphy bed, easily turning this area into a makeshift guest room. The bedroom itself is spacious, too, with a sizable closet in addition to built-in storage.
The other standout of this apartment is its private terrace. With over 125 square feet of space, it can definitely accommodate some outdoor furniture and planter boxes, if that’s your vibe. Plus, the wall of windows and glass door let in plenty of light to the living room.
Throughout the apartment, you’ll find parquet hardwood floors and built-in storage that offers both function and fashion. There are also many modern touches, including updated kitchen and bathroom floors, electrical upgrades, and a new dishwasher. Among the other appliances in the kitchen are a nifty red fridge and full-size oven.
To top it all off, this unit is located in a pet-friendly elevator building with storage, bike parking, a 24-hour laundry room, and 24-hour concierge service. The Kensington Dog Run and Prospect Park are just a few blocks away, and there are tons of great bars and restaurants on nearby Church Avenue. Plus, the F, G, B, and Q trains all stop nearby.
…And Why You Might Not
Unfortunately, this building is located right on Ocean Parkway, which can definitely get noisy. However, the listing photos of the terrace suggest the unit faces the back of the building. Dogs are permitted on a ratio basis, and there’s a waitlist for the building’s parking garage, so it might not be a great fit for car owners.
But if you’re looking to buy in Brooklyn and are prioritizing outdoor space and square footage, this one is definitely for you!
Check out the listing at 135 Ocean Parkway #P2, listed by Mary Mulcahey of Brown Harris Stevens.
