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
closed for $623K in September 2013
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