If you're in the market for a condo in Brooklyn, it looks like sales prices are peaking, so you may be able to find a better deal now than in previous months. (The median Brooklyn sales price fell 3.8 percent to $765,000 in the last quarter according to Douglas Elliman’s market report.)
This one-bedroom condo, 651 Washington Ave., #3F, is on the edge of Crown Heights and is being offered at $659,999. The price has been cut by $40,000 since April but it is still slightly above the median sales price of $667,999 for similar sized units in the area, according to StreetEasy.
Monthly common charges are $351 and there's an abatement in place until 2035 so taxes currently add up to to $74 per year. The apartment is in need of some upgrades but it has Brazilian Cherry hardwood floors, space for a home office, plus a washer/dryer in the unit.
The living room has a balcony and a wall of windows to maximize light.
The kitchen doesn't have a window but has plenty of countertop space, lots of cabinets, and stainless steel appliances including a dishwasher.
The bedroom has a closet and can likely accommodate a king bed.
The bathroom is to the left of the foyer when you enter the apartment. The listing photo suggests the room could do with some upgrades but has a tub with a shower fixture and enough room for a small storage cabinet opposite the vanity.
There are no listing photos of the home office. Although it is large enough to fit a twin bed, it lacks a window which is one of several requirements for a legal bedroom in NYC. The building was completed in 2008 and has nine units and six stories.
It's a 10- to 15-minute walk to the nearest subway stops where you can get the C, A, and S trains as well as 2, 3, and 4 trains at the stations closer to Grand Army Plaza. There are strict height regulations in northwest Crown Heights, which protect the neighborhood from overdevelopment. Most of the nearby construction work is happening on Franklin Avenue, which is seeing an increase in taller residential buildings.
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