Sponsor co-op of the week

A renovated Prospect Heights one bedroom for $530,000, no board approval required

This Prospect Heights one bedroom has parquet flooring and nine-foot ceilings, but take note: The photos are virtually staged.. Corcoran

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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."

With a $530,000 list price—well below the $689,000 median for a similarly sized unit in the neighborhood—this recently renovated Prospect Heights one bedroom, 285 Prospect Pl., #D4, appears to be a bargain. Other pluses for the sunny, top-floor co-op include light-colored parquet flooring, nine-foot ceilings, and bright white walls.

The living room is big and bright and looks like it gets a decent amount of sunlight despite the fact that there’s only one window in here. The listing photos—which have been virtually staged—depict a nice-sized seating area that can fit a pair of couches, as well as a coffee table.

The bedroom is also fairly large, and has room for a full- or queen-sized bed, two nightstands, and a dresser.

The windowed kitchen is modern with white quartz countertops with gray veining, a shiny tiled backsplash, and two-toned cabinets—glossy white up top, dark wood on the bottom. There are also new-looking stainless steel appliances, including a dishwasher.

The bathroom is small and has a large vanity for storage, light-colored flooring, and wood-look tiles in the shower that give the space a contemporary feel.  

The one bedroom is located in a pet-friendly prewar with a common rear yard, bike storage, a laundry room, caged storage, and a live-in super. The building is four stories high and has 23 units. Maintenance is $1,085 a month.

It’s just down the street from Prospect Park, and is close to the Barclays Center, the Brooklyn Museum, and the Brooklyn Botanic Garden.

As for transportation, it’s close to both Grand Army Plaza (where you can catch the 2 and 3 trains) and 7th Avenue (where you can hop on the B and Q).