If you’re thinking of buying in Sunset Park, you’re in good company. The Brooklyn neighborhood has become increasingly popular in recent years, and prices have gone up as a result. But don’t let that deter you from finding a great place on a budget — just take a look at 546 40th St. #J. Our Deal of the Week is a 2-bedroom in the heart of Sunset Park brimming with prewar charm.
Learn more about our Deal of the Week!
The price: $625,000
The median asking price for a home in Sunset Park was $1.7 million this September, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced well below half the median asking price for the neighborhood.
Buyers who put down a 20% down payment of $125,000 can expect to see monthly payments of $3,996. This includes a mortgage payment of $3,411 and maintenance fees of $585 — exceptionally low for an NYC co-op. Note that an ongoing capital assessment of $500 is collected twice per year, which equates to an extra $83 per month.
Why you’ll love it…
Upon entering this unit, you’ll be greeted by ceilings over 9′ high, dark wood moldings, and original hardwood floors with inlaid borders. All the original details come together to create a cohesive vintage look without being stuffy or outdated. In the living room, built-in cabinetry is both functional and stylish. Glass-paneled French doors lead to the first of two bedrooms, which is anchored by a decorative brick fireplace and two large windows. This bedroom could also be used as a formal dining room, office, library, or den. On the opposite end of the apartment, the second bedroom has a closet and a window, and like most of the rooms, it also features a ceiling fan.
Natural light continues to be a theme throughout the space, as both the kitchen and bathroom have their own window. The galley-style kitchen features a suite of full-size stainless steel appliances, including a mounted microwave and a dishwasher. A pass-through window to the living room, which can be left open or closed, sits above a small breakfast bar. The room also has lots of storage space thanks to solid wood cabinetry, including floor-to-ceiling cabinets beside the fridge.
The bathroom is decked out in white subway tile on the walls and black-and-white penny tile on the floors. Matte black fixtures give the space a modern look and complement the green vanity. You’ll also find a closet outside of the bathroom, and another one in the hallway for maximum storage space. Not to mention, there’s additional storage space for the unit in the building!
Speaking of the building, this unit is situated in a Finnish pet-friendly co-op just one block from the neighborhood’s namesake Sunset Park. Amenities include a shared patio, common laundry, and a bike room. There’s even a shared woodworking room in the basement if you’re into DIY. Commuters can take advantage of the nearby N, R, and D trains in addition to the B11, B35, B63, and B70 buses. The surrounding area is also brimming with attractions, including Green-Wood Cemetery, Industry City, Bush Terminal Piers Park, and Costco.
…and why you might not
The larger of the two bedrooms doesn’t have a closet, so if it’s used as a bedroom, you’ll have to get creative with storage. The unit also sits on the third floor of a walk-up building. Lastly, there’s no central air conditioning, but window units are permitted. Still, if a location by the park and unique character are at the top of your list, this one is hard to beat.
Check out the listing at 546 40th St. #J, listed by Julie Cohen and Nick Ferrone of Compass.
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