Living near Prospect Park is the Brooklyn equivalent of living near Central Park: it’s convenient and desirable, but often comes with a high price tag. Luckily, some neighborhoods surrounding the park boast lower prices than others. Take Prospect Lefferts Gardens, for example. This neighborhood to the east of the park offers lower prices than Park Slope and Crown Heights, while still providing a great location. Our Deal of the Week, 41 Clarkson Ave. #3H, is a renovated 1-bedroom condo in Prospect Lefferts Gardens, located just blocks from Prospect Park.

The Price: $485,000

The median asking price for a home in Prospect Lefferts Gardens was $824,000 this April, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at a little over half the median asking price for the neighborhood!

Buyers who stick with the 20% minimum down payment of $97,000 can expect to see monthly payments of $2,431. This includes a mortgage payment of $2,012, impressively low common charges of $418, and monthly taxes of $1. Even more impressive, the monthly total costs are below the median asking rent in the neighborhood, which was $2,500 this April!

Why You’ll Love It…

You’ll enter this condo into the open living room and kitchen, which feature three east-facing windows total. The windows overlook the building’s shared courtyard, giving a tranquil, serene vibe. A breakfast bar separates the living room from the kitchen and provides a great place to eat or work.

You’ll find more goodies in the kitchen, like the full-size stainless steel appliances, including a dishwasher and mounted microwave. The two-tone cabinetry brings a modern touch while also providing tons of storage space. The black-and-white backsplash seals the monochromatic deal.

In the bathroom, you’ll find a soaking tub, small window, and more storage space under the sink and in the medicine cabinet. The bedroom, located right next to the bathroom, can fit a queen-sized bed and a desk, and includes a decent-sized closet.

The building’s tax abatement is to thank for those $1 monthly taxes, but that’s not all that’s great about the building. It also offers bike storage, a laundry room, a pet-friendly policy, and proximity to the B and Q trains. Also nearby? The Prospect Park Lake, Parade Grounds, and Brooklyn Botanic Garden, plus great bars and restaurants lining Flatbush Avenue.

… And Why You Might Not

There’s no elevator in the building, and the unit appears to be on the third floor. The living room is also on the smaller side, meaning you might not be able to fit a dining set in addition to living room furniture. Lastly, there’s no storage space in the foyer or the living room.

But if you’re looking to buy near Prospect Park without breaking the bank, keep this one on your list!

Check out the listing at 41 Clarkson Ave. #3H, listed by Olivia Ionescu of Corcoran.