Living right near Prospect Park might seem like a lofty goal, given the high prices in neighborhoods like Park Slope. But there are plenty of other park-adjacent neighborhoods with more affordable price tags. Take, for example, Prospect Park South. This nabe directly borders both the Parade Ground and the park itself, with a median asking price that’s hundreds of thousands lower than the Slope. Our Deal of the Week, 25 Parade Place #3C, is a Prospect Park South 2BR surrounded by green space for a great price.

The Price: $695,000

The median asking price for an apartment in Prospect Park South is $789,000, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at about $100,000 under the median asking price for the nabe.

Buyers who put down the minimum 20% down payment of $139,000 can expect to see monthly payments of $3,067. This includes a monthly mortgage payment of $2,365 and a maintenance fee of $702 (very low by NYC standards).

Why You’ll Love It…

Location, location, location. This Prospect Park South 2BR is tucked into a big corner of green space, with the Parade Ground directly across the street and the park itself one short block north. The Peristyle and the lake are both just steps away.

And the unit also has a prime corner position within its Art Deco co-op building. This stellar spot gives our Deal of the Week three exposures, which it takes advantage of with plenty of windows. (There’s at least one in every single room — your houseplants will love it!) The renovated kitchen has plenty of room for a bright breakfast nook, and there’s also a welcoming foyer entry with two big closets. One of the two sizable bedrooms opens up to a flex space that makes a perfect home office. And finally, if you aren’t already giving this place an A+, the in-unit washer/dryer is sure to seal the deal.

Brooklyn 1-2BRs Under $800K on StreetEasy Article continues below

… And Why You Might Not

As mentioned, the home office in this Prospect Park 2BR can only be accessed through one of the two bedrooms. So even though it’s big enough, it wouldn’t serve well as a third bedroom. Interestingly, it’s the other bedroom that’s labeled the master on the floor plan. And while the room is quite spacious and has two big windows, it does not have a closet, so you’ll have to get a bit creative with storage.

Check out the listing 25 Parade Place #3C, 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 buyfind your next NYC apartment on StreetEasy.