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Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."
This one-bedroom, one-bath sponsor co-op, 250 Henry St., #B1, in Brooklyn Heights, is currently listed at $735,000 which is a bit higher than the neighborhood’s median for one bedrooms, $679,000, according to StreetEasy.
However, you are getting a 700-square-foot private backyard, and a porch. Plus, the bedroom is quite large and has with three walk-in closets. There’s a separate dining room with an exposed brick wall and a pass-through—so you’re getting both privacy and space for your money.
Monthly maintenance in the pet-friendly co-op is $1,554. Amenities include a bike room, laundry room, and storage. Located in a brownstone built in 1900, there are eight other units in the building. Pied-à-terre buyers and subletting are welcome.
The open living room has hardwood floors.
The renovated kitchen features stainless steel appliances, including a dishwasher.
The bath is tiled and has modern details.
The bedroom features two windows and has a private entry to the porch and backyard.