For those looking to live near Prospect Park in Brooklyn, Prospect Heights is one of your best bets. Surrounding the northern end of the park, the neighborhood boasts a slew of local restaurants, cafes, and bars in addition to transit options. While Prospect Heights has seen increased development in recent years, you can still find more affordable units for sale in the nabe’s pre-war co-op buildings, like 77 Eastern Parkway #5E. Our Deal of the Week is a 1-bedroom just across the street from Prospect Park, Grand Army Plaza, and the Brooklyn Museum.
Learn more about our Deal of the Week!
The Price: $575,000
The median asking price for a home in Prospect Heights was $1.5 million this September, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at a little over a third of the median asking price for the neighborhood.
Buyers who put down a 20% down payment of $115,000 can expect to see monthly payments of $3,878. This includes a mortgage payment of $2,934 and a maintenance fee of $944. Monthly payments are also below the median asking rent for the neighborhood, which sat at $4,500 this September.
Why You’ll Love It…
Dazzling with refinished parquet hardwood floors and a fresh coat of paint, this unit blends pre-war charm with modern upgrades. Enter through a hallway with a coat closet and door to the windowed bathroom before arriving at the kitchen. Complete with a dishwasher, stainless steel oven, and fridge, this windowed room has everything you need to whip up meals at home without being crammed for space. Ample cabinet space offers lots of storage, and there’s also enough room to add a kitchen cart/island or small dining nook.
With a peek-through wall on two sides of the kitchen, it remains semi-open to the living area and hallway for an airy and connected feel. Two north-facing windows in the living area let in plenty of light, while subtle molding detail adds classic charm. There’s ample space for a sofa in addition to a small dining set or desk.
Similar to the living room, the bedroom has two windows and molding detail throughout, as well as a closet. The room can easily accommodate a king-size bed and other furniture (unfortunately, the dog in the listing photo is not included).
Located in a 1921-built co-op, the unit has access to a laundry room, bike storage, and live-in super. The 2 and 3 trains stop nearby, and the S, 4, and 5 are located within a half-mile. Buyers will have their fair share of great restaurants to choose from on nearby Washington Avenue, including Tom’s Restaurant, Shane’s Brooklyn, and Muse Thai. Delis, coffee shops, and bars also abound on the surrounding blocks. And of course, the building is just feet from cultural landmarks like the Brooklyn Library, Brooklyn Botanic Garden, Brooklyn Museum, and Prospect Park.
…And Why You Might Not
Unfortunately, this unit is a fifth floor walk-up, so you’ll be climbing quite a few stairs to get inside. On the bright side, it’s on the top floor, you won’t have any upstairs neighbors. The bathroom being adjacent to the kitchen isn’t ideal, and there’s no in-unit laundry (though you’ll find it in the building). But for such an awesome location at a stellar price point, this one is definitely worth adding to your shortlist.
Check out the listing at 77 Eastern Parkway #5E, listed by Gabriel Greenberg and Sarah Burke of Compass.
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