The Market

BrickPicks: Brooklyn Heights pre-war one bedroom 24% off original ask

By A. Ready  | January 5, 2011 - 12:11PM

Look past the lack of staging and observe that this one-bedroom, one-bath apartment on a prime Brooklyn Heights block (24 Monroe Place, #8C) has the advantage of both location and pre-war charm. The windowed eat-in kitchen has been recently renovated, and the apartment has three closets.

Despite the rather high $1,185/month maintenance, there is no doorman. But the building has a live-in super, an attractive roof deck, and bike storage.  

According to, the apartment was originally listed in May of 2009 for $469,000, fell out of contract last June, and now bears a much more reasonable $359,000 asking price. Near the top of the market, unit 6C, two floors below, sold for $480,000 (25% more than #8C's current ask), and in August  2009, 12C sold for $410,000 (13% more). 

BrickPicks is A. Ready's weekly independent selection of an apartment that she believes reflects good value given current market conditions. It is not an advertisement for the property, nor is it paid for by the brokerage mentioned.



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