Windsor Terrace is like the little sister of Park Slope. Like its better-known neighbor, this picturesque area directly borders Prospect Park, with charm galore and easy access to public transit. But it’s a little farther south, a little smaller — and it has littler housing prices. Our Deal of the Week, 10 Prospect Park Southwest #20, is a Windsor Terrace 1BR with windows that directly overlook the park! Try finding that in Park Slope for this price.

The Price: $539,000

The median asking price for a home in Windsor Terrace is $809,500, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at around $300,000 under the median asking price for the neighborhood.

Buyers who put down the 20% minimum down payment of $107,800 can expect to see monthly payments of $2,366. This includes a mortgage payment of $1,858 and a maintenance fee of $508 — quite low by NYC standards. By comparison, the median asking rent in Windsor Terrace is $2,700. Why rent when you can buy?

Why You’ll Love It…

Now here’s a location that’s impossible to deny. This Windsor Terrace 1BR is literally on Prospect Park, with a fancy Prospect Park Southwest street address! And most of the unit’s windows overlook the beloved green space directly. Not bad, eh? You’re just a stone’s throw from Bartel-Pritchard Square and its farmers’ market, the Nitehawk theater, and the many cafes, shops, and bars of adjacent South Slope.

Our Deal of the Week is just as impressive inside, with moldings that provide a chic, vintage feel. There’s a patterned inlay in the hardwood floors and exposed brick in the kitchen’s cute dining nook. The kitchen also boasts cream cabinetry, granite counters, and modern stainless steel appliances.

In addition, there are double, park-facing windows in both the living room and the bedroom. And you won’t be short on storage here. The bedroom has a huge closet that spans its entire width. And there’s even a proper foyer with a coat closet. That might seem like a small detail, but those little conveniences can be hard to come by in NYC apartments! Speaking of convenience, the building offers a shared laundry room. And each unit gets its own storage space, as well as free bike storage.

Homes Near Prospect Park Under $700K on StreetEasy Article continues below

… And Why You Might Not

Like many prewar homes, this Windsor Terrace 1BR is a bit on the smaller side. It’s also in a walkup building: Those stairs are often the unfortunate price of prewar charm. But the unit is on a low floor, so it shouldn’t be too bad.
And unfortunately, while the unit has been updated in many ways, it is lacking one amenity New Yorkers covet: a dishwasher. But these are small quibbles, and the location certainly outweighs them. And then some.

Check out the listing at 10 Prospect Park South West #20. To learn more, contact a StreetEasy Expert on the listing. (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.