Living near the oasis of Prospect Park is a Brooklyn dream. It’s no wonder prices tend to skyrocket in park-adjacent neighborhoods like Park Slope and Windsor Terrace. Often overlooked, however, is the relatively small enclave of Prospect Park South. Prices here are comparatively low, as evidenced by our Deal of the Week. This Prospect Park South 2BR, 5 Stratford Rd. #4, is super spacious and directly on the park’s Parade Ground. Plus it has in-unit laundry!

The Price: $599,000

The median asking price for a home in Prospect Park South is $666,000, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at more than $60,000 under the area’s average price.

Buyers who put down the 20% minimum down payment of $119,800 can expect to see monthly payments of $2,980. This includes a mortgage payment of $2,065 and a maintenance fee of $915.

Why You’ll Love It…

First of all, our Deal of the Week is a true 2-bedroom. No dining-room-turned-bedroom or wall-built-in-the-living-room here! Both bedrooms are comfortably sized, with windows, closets, and enough space for a bed and additional furniture.

The rest of the apartment is also generously sized. The bright and open living/dining space is adorned with prewar moldings, French doors, and hardwood floors. There’s more than enough room for a dining set, but you’ll find some seating space in the eat-in kitchen too. And speaking of the kitchen, it also features that holy grail of NYC apartment hunting: a washer and dryer! The stacked set is concealed behind a sliding closet door, which also features overhead storage. There are other goodies here as well, like chic butcher block countertops, a dishwasher, and a tall window.

Finally, we’ve got to talk location. This Prospect Park South 2BR is directly across the street from the park’s Parade Ground. The prewar brick building offers amenities like a shared courtyard and a bike room. And if you’re a dog-lover, you’re in luck: It’s also pet-friendly! Any dog would be happy to live right on Prospect Park, plus the Kensington dog run is just a couple blocks away.

Brooklyn Homes Under $700K on StreetEasy Article continues below

Midwood

901 Avenue H

$619,000

2 |

2

Gravesend

2650 Ocean Parkway

$699,000

3 |

2

Fort Hamilton

149 Marine Avenue

$519,000

2 |

1

Sheepshead Bay

2841 Ford Street

$699,000

2 |

2

Kensington

110 Ocean Parkway

$535,000

1 |

1

Fort Hamilton

350 91st Street

$649,000

1 |

1

Ditmas Park

400 East 17th Street

$565,000

2 |

1

Bedford-Stuyvesant

479 Lexington Avenue

$525,000

1 |

1

Brighton Beach

1014 Banner Avenue

$569,000

1 |

1.5

Brownsville

289 Remsen Avenue

$659,000

3 |

2.5

Gerritsen Beach

26 Aster Court

$499,000

4 |

2

Midwood

1972 Ocean Avenue

$650,000

2 |

2

… And Why You Might Not

Sometimes, a positive can also be a negative. This Prospect Park South 2BR is directly on the Parade Ground, with all its public ballfields. And it’s only on the second floor. That will likely mean noise, both from traffic and sports games. There’s also no elevator in this building, so it’s not accessible to everyone. But again, it’s only one floor up — and it’s truly a huge, well-equipped home for the price.

Check out the listing at 5 Stratford Rd. #4, and contact a StreetEasy Expert on the listing for more details. (StreetEasy Experts are agents with proven experience in a particular building or area.)

—
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.