With median asking prices in Brooklyn nearing $1 million this summer, it seems increasingly difficult to find a great apartment at an affordable price. But every once in a while, a deal like 230 Park Pl. #1D pops up. Our Deal of the Week is an incredibly spacious one bedroom in the Prospect Heights neighborhood. Just a couple of blocks from Grand Army Plaza, this unit has a great location and comes in at just $549K.

The Price: $549,000

The median asking price for a home in Prospect Heights was $1.3 million this June according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at less than half the median asking price for the neighborhood!

Buyers who stick with the 20% minimum down payment of $109,800 can expect to see monthly payments of $3,466. This includes a mortgage payment of $2,368 and a maintenance fee of $1,098. It’s also less than Prospect Heights’ median asking rent of $4,195!

Why You’ll Love It…

This unit is incredibly spacious, with more than enough room to have a distinct living area, dining area, and office. Upon entering the unit, you’ll be welcomed by a formal foyer with a huge walk-in closet before entering the dining area, which can fit a full dining set. One step down is the sunken living area, which also features the sleeping area, separated by a wall.

There’s also unique shelving along the ceiling, making a perfect spot for decor or extra storage. Corner windows in the living area keep the room bright throughout the day, and parquet hardwood flooring adds a vintage touch.

On the other side of the dining room, you’ll find the windowed kitchen featuring full-size stainless steel appliances—including a dishwasher. A closet just across from the kitchen can be used as a pantry and also includes a wine fridge! A home office space that is the perfect size for a desk and chair is located right outside the kitchen. This area also boasts another closet and direct access to the bathroom, which is outfitted with chic tile and a soaking tub. A medicine cabinet and vanity also provide lots of storage.

This unit is in a stellar location just two blocks from Grand Army Plaza and Prospect Park. Within minutes, you can enjoy the Brooklyn Museum, the Brooklyn Botanic Garden, the Brooklyn Children’s Museum, Barclays Center, and more. Plus, there are countless nearby eateries like Ample Hills Creamery, Cheryl’s Global Soul, and Sweet Chick. The 2, 3, Q, and B trains are all nearby for easy transit access.

The building isn’t too shabby either, with an elevator, full-time doorman, live-in super, common laundry room, and bike storage. Pets, subletting, guarantors, and pied-a-terres are all allowed, plus additional storage is available in the building if needed.

… And Why You Might Not

Although we’re describing this unit as a one bedroom, it’s technically an alcove studio. However, you could close out the sleeping area by extending the wall with French doors. And while there is ample closet space in this unit, none of it is particularly close to the sleeping area. But if you’re looking for a sizable apartment in a great Brooklyn location for a great price, be sure to save this one.

Check out the listing at 230 Park Pl. #1D, listed by Thomas Casey of Compass.