Monday, October 17, 2011

Prime Park Slope 2 BR


So often we find that the best listings come from the lesser known realtors.  This week's gem comes by way of Warren Lewis - a bright two bedroom coop right next to Prospect Park.  Meet 116 8th Ave, 5A.

We're loving the window in the kitchen, which looks small yet charming.


Great pics of the bedroom and living room as well.  You can tell it's been tastefully decorated.


Note the kids toys on the bottom shelf:


 The floor plan reveals that this is a proper two bedroom apartment, not a "1 BR and office" that we so often see trying to masquerade as a 2 BR.



The location is fantastic - one block from Prospect Park, and three blocks from the 2/3 train at Grand Army Plaza.


So, what's the catch?  Well, there's two - it's small for a 2 BR (only 1000 sq. ft.) and the maintenance fees are pretty astronomical ($1350/month).  Still, if you have this kind of money, places this nice only comes around so often.

The Numbers:  Asking price is $839/sq. foot - that's about par for the course in Park Slope.  A downpayment of $167k gets you an all-in monthly payment of $4953.

The Intangibles:  Convenient to both the park and the trains, this is exactly where you want to be if you're paying Park Slope money.

The Bottom Line:  The high common charges make us curious about the building finances - we'd want to know more before bidding.  But this is a prime Park Slope apartment for prime Park Slope prices.


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