For many, living in a Park Slope brownstone is a quintessential sign that you’ve “made it” in New York. In fact, it’s often considered a luxury reserved for the wealthy. But it can be more affordable than you may think. Our Deal of the Week, 55 Montgomery Ave. #4F, is a Park Slope brownstone 1BR that’s just feet away from Prospect Park. And it’s far below average asking prices in the area.
The Price: $465,000
The median asking price in Park Slope is $1.4 million, according to the StreetEasy Data Dashboard. That means our Deal of the Week is about $1 million below average for this much-loved neighborhood!
Buyers who put down the 20% minimum down payment of $93,000 can expect to see monthly payments of $2,182. This includes a mortgage payment of $1,574 and a maintenance fee of $608. By comparison, the median asking rent in Park Slope is $3,175.
Why You’ll Love It…
Let’s start with location. This Park Slope brownstone 1BR is situated on the fourth floor of a beautiful barrel-front home on an equally picturesque block. When people say a “classic Brooklyn street,” this is what they mean. The entire block is lined with brownstones and plenty of trees. Plus, the building is just a few doors away from Prospect Park! And there’s a bike room and laundry room for convenience, too.
All that charm certainly continues in the interior of the unit. Our Deal of the Week boasts high ceilings and original parquet floors, recently refinished. The living area is bathed in light thanks to south-facing windows, which are outfitted with classic, old-school pocket shutters. And the room is big enough for both dining and lounging furniture, plus a desk. The kitchen, through a cute archway, is small but has everything you need. (Including a a dishwasher!) Finally, the bedroom features a double closet with built-in shelves and another south-facing window, for lots of light throughout the day.
Park Slope Homes Under $600K on StreetEasy Article continues below
… And Why You Might Not
The listing for this Park Slope brownstone 1BR says the room fits a queen-size bed. But it definitely looks to be on the smaller side, and it’s not entirely clear from the photos if there’s a closing door between it and the living room. There are also no pictures of the bathroom, so make of that what you will. And last but not least, the brownstone that houses our Deal of the Week is very charming, but it does not have an elevator. This unit is three flights up.