Monday, April 8, 2013

Listings: Newswalk Condo - 535 Dean Street, #221

New to the Listings section of the blog, we took a look at a condo in Prospect Heights in the Newswalk building at 535 Dean Street, #221.  With a recent price drop from $699K to $675K, it was worth a look.  Especially in a climate where $700K condos are slim pickens in the best parts of Brooklyn, and condos heading towards Crown Heights command well over $700K.  And don't get us started on Park Slope condos with bidding wars in the $1,000/sqft.  Newswalk's location is about as prime as it gets, without nearly as much disturbance from Barclays as residents had expected.  They've got a gym, laundry, parking (for a price), and an amazing new 18,000 sqft roof deck.

Large 2BR's here command well over $1M, so a value buy is worth a look...

Currently used like a 2BR, you could keep the current arrangement, have a killer 1BR, or do a little re-arranging at modest costs.

Pro's:  value pricepoint for a top-notch location, roof & building amenities, tax abatement with time left

Con's:  maintenance is a little high, not quite a 2BR, not the ceiling height of the $1M+ versions, faces north side of the building

Ideally:  a great look, all things considered

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