Living on Prospect Park is highly convenient and highly desirable — especially in pandemic times when everyone’s craving fresh air and open spaces. Unfortunately, it’s also usually highly expensive. But our Deal of the Week, 527 Eighth St. #4B, proves that Brooklynites can have both a stellar location and a dazzling price. This inviting Park Slope 1BR sits just a half block away from the park and boasts a much lower cost than you might think.
The Price: $549,000
The median asking price for a home in Park Slope is $1.4 million, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at around $850K below average for this beloved neighborhood.
Buyers who put the minimum 20% down payment of $109,800 can expect to see monthly payments of $2,519. This includes a mortgage payment of $1,866 and a maintenance fee of $653 — low by NYC standards.
Why You’ll Love It…
Just half a block away from Prospect Park, our Deal of the Week is located not just on a tree-lined street but on “The Greenest Block in Brooklyn.” (That’s according to an undisputed authority on greenery: the Brooklyn Botanic Garden.)
It begins with a long entrance hall that sports a big, double-door closet. The hallway passes the bathroom and bedroom before opening up to a spacious living area. Parquet floors, high ceilings, and prewar molding make this a welcoming space, with a stained glass window creating a unique focal point. The stained glass goes through to the queen-size bedroom — but don’t worry, it’s not the only window in either room! It’s just a fun, decorative touch on the interior wall. The charm continues in the bright eat-in kitchen, complete with an oversized farmhouse sink. It also features quartz countertops, custom cabinetry, and one of the holy grails of NYC apartments: a dishwasher.
This Park Slope 1BR is set in a pet-friendly co-op with a laundry room, bike room, and additional storage. The F and G are just a few steps away from the building. Plus, there’s no shortage of restaurants on nearby Seventh Avenue.
Brooklyn 1BRs Under $600K on StreetEasy Article continues below
… And Why You Might Not
Sadly, this unit is three floors up in a walkup building. And while there’s a spacious coat closet at the entrance, there’s no bedroom closet. In fact, there are no other closets in the unit at all. But if you’re looking for a great, park-adjacent location at a great price, be sure to shortlist this one.
Check out the listing at 527 8th St. #4B, and contact a StreetEasy Expert on the listing for more details.
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.