To have Prospect Park within a half block of your apartment is to own some of NYC's most coveted real estate. This unit is steps away from the 8th Street entrance to the park and while it doesn't offer views of Brooklyn's backyard, the unit is on the top floor and comes with roof rights, and therefore the potential to develop outdoor space with views of Prospect Park, the Manhattan skyline and even the Statue of Liberty.
The seller of this condo, 570 7th St., #4D, recently dropped the price by $96,000 so it is now offered at $899,000, a figure that puts you well below the threshold of having to pay the Mansion Tax. The unit is in a prewar, four-story building and there are few amenities except a bike room and shared laundry facilities (plus there's no elevator) but that seems to have kept the monthly maintenance fees relatively low at $358. Monthly taxes are $494.
The condo is being marketed as a two bedroom unit but the second room is too small to be a legal bedroom. The listing acknowledges it might be used as a home office or nursery.
As a one bedroom, the condo is well above the median sales price of $630,000 for one-bedroom units in Park Slope. The median price for two-bedroom units in the area is $1,149,500 so this condo fits somewhere in the middle.
Virtually staged photos show the countertop separating the kitchen and living areas being used as a breakfast bar. The unit has undergone a gut renovation and has hardwood flooring and stainless steel Bosch appliances including a slim dishwasher, refrigerator, oven, and microwave. The countertops and backsplash are quartz and there's plenty of cabinet space.
West-facing windows in the kitchen and living room provide the best orientation for natural light.
The configuration of the unit means access to the bathroom is through the kitchen. The proximity of kitchen and bathroom isn't ideal. The second door on the far kitchen wall leads to the small second bedroom.
The larger of the two bedrooms has a closet along one wall.
The second bedroom is being used as a nursery but is less than 8 feet in any direction, which is below the legal size for a bedroom in NYC. Being a prewar building, the room was considered a bedroom before the rules changed. The south-facing window likely means the room gets some sunshine.
The bathroom has a tub and shower head.
The layout shows the unit's potential for a roof deck. The entire footprint of the unit is available for renovation, however access to the roof is from the common stairwell so you'd have to leave your apartment to reach the space.
The last unit to sell in the building was a two bedroom unit that changed hands three years ago for $1,013,158, a figure that was one percent above the asking price. Transit options in the Brooklyn neighborhood include the F and G subways lines but the stations are not accessible for people with wheelchairs or strollers. It's a bike-friendly area with lots of bike lanes and Citi Bike stations. There are also plenty of options for car share services nearby.
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