1 BR Condo In Park Slope/Gowanus For $330k

It's not everyday you see an apartment within a sniff of Park Slope for under $350k.  And trying to find a one bedroom CONDO in this neighborhood for this price is like trying to find a pink unicorn.

But that's exactly what's on offer at 630 Union St. Apt. 5E, a listing from Brooklyn Properties.   We haven't seen this one in the flesh, so we'll take the listing agent's word that it's a legit 1 bedroom and not a studio.

From the one interior picture (come on, BP, give us more!!!), it's clear this place is smallish and hasn't been renovated in a long time:

Plus, there's an additional catch: this place is on the fifth floor of a five-story walk up.  Not for chain smokers or the faint of heart, but whoever buys this place is going to have some diesel legs in short order.

The building is nothing special, and it's very close to unbearably busy 4th Avenue, but it's far enough on to  Union St. that noise shouldn't be a deal-breaker.

For a little bit more money we'd rather be in 292 7th St. (now in contract) and perhaps 475 Sterling Pl. (still available, despite the Streeteasy ad being down).  At this price, however, it's hard to find anything better.

Who It's For:  A first-time buyer who doesn't have enough income to land a co-op, but still wants to be near the slope.  Also appropriate for anyone looking to drop a few pounds.

The Intangibles:  Despite the proximity to noisy 4th Avenue, this unit is in a great location:  just one block from Union Hall, a HiBK favorite, and right next to the Union Ave D/N/R train.

The Numbers:  This bare-bones listing doesn't provide anything in the way of square footage, so we'll guess it's around 500 square feet, putting the price per square foot in the $600 range.  Common charges are a minuscule $263/month.

The Bottom Line:  If you thought you were priced out of the Park Slope condo market, this could be your last chance to grab a one bedroom east of 4th Ave under $350k.