Good kitchen? Plenty of space? Lots of light? All that, plus this dreamy Park Slope studio is asking $440K.
Given that Park Slope has become one of the 10 most expensive NYC neighborhoods to live in, buying in the neighborhood might seem like a pipe dream. But even with those high sales prices, there are still some gems to be found. Take our Deal of the Week: this studio at 220 Berkeley Place #6F sits right near Grand Army Plaza, and is asking a fraction of the median sale price in the neighborhood.
The Price: $460,000
According to the latest StreetEasy Market Reports, the median sales price for an apartment in Park Slope is $1.48 million — more than $1 million above the price for this studio.
Buyers who put down the 20 percent minimum down payment of $92,000 can expect to see monthly payments of around $2,538. This consists of a mortgage payment of $1,926 and a monthly maintenance fee of $612 — relatively low by New York City standards. For reference, the median rent in Park Slope is $2,900 per month.
Why You’ll Love It …
Although it’s small, this studio packs plenty of character and charm. The kitchen is definitely a stand-out, with stainless-steel appliances (including a dishwasher), breakfast bar, and granite countertops. Plus, there’s enough space for a dining set right by the window.
There’s a sizable living area, too, perfect for a couch and a TV, plus a desk or study area. Hardwood floors flow throughout the space, into the “bedroom” nook, where at least a full-size bed can fit without getting in the way of anything.
This studio is located in a building with an elevator, laundry room, garage parking, and live-in super, so no worries about taking the stairs or hauling laundry down the street. Pied-à-terres are also permitted.
And then of course there’s the location. The apartment is just a little over a block away from Grand Army Plaza and of course, Prospect Park, the Brooklyn Museum, and the Brooklyn Public Library. The 2, 3, B and Q trains are also all nearby.
… And Why You Might Not
Studios aren’t for everyone. But for one person or a couple, this place could be perfect. Some might also find the bed by the door to be a bit awkward. But for those looking for a great starter apartment or a gorgeous pied-à-terre for trips into the city, this one is definitely worth a look.
See the listing: 220 Berkeley Place #6F in Park Slope, represented by Abigail Palanca of Compass.
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