Park Slope may not be the most expensive neighborhood in Brooklyn, but prices are certainly up there. Typically, its median asking price is closer to average prices in Manhattan than in Brooklyn. But there are some great deals in the neighborhood, too — just take a look at 160 5th Ave. #2RR. Our Deal of the Week is a 1-bedroom with in-unit laundry and a working wood-burning fireplace.
Learn more about our Deal of the Week!
The Price: $599,000
The median asking price for a home in Park Slope was $1.5 million this May, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at well below half the median asking price for the neighborhood!
Buyers who put down a 20% down payment of $119,800 can expect to see monthly payments of $4,079. This includes a mortgage payment of $3,192 and a maintenance fee of $887 — not bad by NYC standards. Monthly payments are also below the median asking rent in Park Slope, which was $4,232 as of May.
Why You’ll Love It…
Outfitted with hardwood floors and recessed lighting, this unit is full of modern conveniences and classic charm. Enter into a hallway with doors to the bedroom and bathroom and a closet that houses the in-unit washer/dryer. The hall opens up into the kitchen and living area, which features two large west-facing windows overlooking the Degraw Street Gardens. A white-tiled, wood-burning fireplace anchors the room and is sure to provide warmth and coziness during the colder months.
The kitchen has ample cabinet space and the holy grail of New York living: a dishwasher! Two stools can easily fit at the breakfast bar, which offers lots of counter space in addition to a casual dining spot. A full-size oven and double-door fridge round out the well equipped kitchen.
You’ll find two closets in the bedroom, which is spacious and has another window. The bathroom features an oversized vanity for extra storage space, in addition to a bathtub/shower combo and one more window!
The unit is situated in a small, pet-friendly co-op that allows pied-à-terres, gifting, and co-purchasing. Transit is easy with proximity to the R, 2, 3, B, D, N, Q, R, 4, and 5 trains, in addition to the Long Island Rail Road and B63 and B37 buses. Plus, the building is surrounded by great restaurants and bars such as Bogota Latin Bistro, Miriam Restaurant, Union Hall, Threes Brewing, and Sweet Chick.
…And Why You Might Not
The building doesn’t have an elevator, but thankfully, the unit is only one flight up. The living area is also on the smaller side, and there aren’t any closets in the unit outside of the bedroom. But if you’re looking for a stellar 1-bedroom in a prime Park Slope location, be sure to check this one out!
Check out the listing at 160 5th Ave. #2RR, listed by Heather McMaster, Statia Grossman, and Kerry Sullivan of Corcoran.
Interested in buying a home in NYC? Get in touch with our complimentary StreetEasy Concierge to learn about the NYC buying market and more.
