Looking to buy in Sunset Park? You’re not alone. This Brooklyn neighborhood just southwest of Park Slope is becoming increasingly sought-after, making it one of StreetEasy’s neighborhoods to watch in 2024. Although prices in Sunset Park have increased as of late, you don’t have to veer into the seven-figure range to find a great apartment there. For instance, our Deal of the Week, 4401 Fourth Ave. #A5, is a gorgeous 2-bedroom unit priced under $600K!
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Learn more about our Deal of the Week!
The Price: $565,000
The median asking price for a home in Sunset Park was $1.5 million in December 2023, 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 choose to put down the 10% minimum down payment of $56,500 can expect to see monthly payments of $4,167. This includes a mortgage payment of $3,342 and a maintenance fee of $825 — not bad by New York City standards.
Why You’ll Love It…
You don’t see many NYC apartments at this price point with a formal dining room, but sure enough, this unit’s got one! Located right off the foyer, the room has ample space for a dining set, and also features two built-in storage cabinets. The cherry on top is the window overlooking the co-op’s courtyard, complete with a cushioned window seat. Talk about idyllic.
Speaking of windows, every room in the unit has at least one, including the kitchen and the bathroom, and most are oversized to let in lots of light. The unit is on the first floor but elevated off street level, so the windows don’t open up directly to the street.
You’ll find numerous conveniences in the kitchen, like full-size stainless steel appliances (including a dishwasher), ample cabinetry, and a small pantry. Each bedroom also has plenty of storage, with built-in cabinets in the primary bedroom and an overhead storage loft in the secondary bedroom. There’s a built-in desk in the primary bedroom, too, which could alternatively be used as a vanity.
This unit is located in a well-maintained co-op just one block from Sunset Park itself, and all it has to offer: from athletic facilities to its amazing namesake sunsets. The building allows both cats and dogs, has laundry on-site, and includes a private storage unit for each apartment. The R train is mere feet away, offering an easy commute to Manhattan. And when you want to stay in the neighborhood, you’ll have plenty of restaurants, cafes, and bars to choose from along 4th and 5th Avenues.
…And Why You Might Not
While there are built-in storage solutions throughout the apartment, there are no traditional closets, so buyers might have to get creative when it comes to storing things like clothes and linens. The bedrooms are also both on the smaller side. Lastly, although it’s not directly at street level, the unit’s first-floor position may not be high enough for everyone’s preference.
But if you’re looking for a sunny 2-bedroom in sunny Sunset Park, be sure to save this one!
Check out the listing at 4401 Fourth Ave. #A5, listed by Paul Hyun of Compass.
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