If you’re looking for a prime location to buy near Prospect Park in Brooklyn — without the prices of Park Slope — look no further than Prospect Heights. Prices are generally on par with Brooklyn averages, and residents benefit from a slew of cultural institutions, like the Brooklyn Museum and Brooklyn Academy of Music, right in their backyard. Plus, you’ll find great apartments like 125 Eastern Parkway #3A. Our Deal of the Week is a 1-bedroom located right across the street from the park, listed for under $600K.
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Learn more about our Deal of the Week!
The Price: $525,000
The median asking price for a home in Prospect Heights was $1.2 million this May, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced below half the median asking price for the neighborhood!
Buyers who put down the 20% minimum down payment of $105,000 can expect to see monthly payments of $3,737. This includes a mortgage payment of $2,831 and a maintenance fee of $906. The monthly payments are also lower than the median asking rent in Prospect Heights, which was $4,085 this May.
Why You’ll Love It…
Enter this unit into the open living area, which includes the newly renovated kitchen. Not only does the kitchen look amazing with its subway tile backsplash, white countertops, and matte black fixtures, it’s also a chef’s dream with full-size stainless steel appliances, including a dishwasher. A bit of open shelving allows you to display some of your favorite wares, while keeping most of the storage neat in ample white cabinetry.
There’s enough space in the room for a small dining nook, in addition to living room furniture and/or a work-from-home station. Plus, you’ll find a huge walk-in closet customized with built-ins for maximum utility. More renovations abound in the bathroom, which has its own window and a spacious vanity.
Speaking of spacious, the bedroom is actually larger than the living room, meaning you’ll be able to fit any sized bed you’d like, plus additional furniture. The gorgeous parquet flooring you’ll find throughout the unit shines under the light of a double-window in this room.
Of course, what’s outside the unit is just as important as the inside. This 1-bedroom is located in a pre-war, boutique co-op building with a live-in super and elevator. An additional storage locker and bike storage are available for rent, plus both cats and dogs are allowed. Location-wise, it’s pretty hard to beat: you’re right across the street from Mount Prospect Park, which connects to greater Prospect Park and the Brooklyn Botanic Garden. The Brooklyn Museum is also just feet away, with the Brooklyn Public Library and Grand Army Plaza just down the street as well!
…And Why You Might Not
The bathroom has a bit of an awkward layout, requiring you to step into the shower/tub at the narrow end. The bedroom also doesn’t have a closet, but does have a storage nook, which could be outfitted into a closet if desired.
That being said, this place is definitely a steal for the prime location and sheer amount of space!
Check out the listing at 125 Eastern Parkway #3A, listed by Jonathan Kramer of Compass.
Find more NYC homes under $600K on StreetEasy
