Friday, January 16, 2015

Available Only on Renovated Park Slope Condo

With townhouses in Park Slope fetching over $3M on a regular basis, the floor-through condos have crept up over a million dollars too.  And this 2BR/2 bath condo on Bergen Street in north Slope is no exception, hitting the market this week with an asking price of $1.25M and available only on  Gut renovated two years ago, this apartment is a floor through of an Italianate brownstone that's a healthy 20' x 55', for a total square footage just over 1,100.  You get modern kitchen and bath, ductless A/C units, a gas fireplace, laundry in the unit, storage in the basement, and absurdly low maintenance fees (as these things go) below $400/month...

With an open floor plan, this is about as maximized as a floor through 2BR/2 bath can get.

A true second bedroom and true second bath historically makes all the difference in this price point as to whether a 2BR will trade above or below $1M.  If the likes of 112 St. Marks Place, #2 around the corner can fetch $1.15M, this Bergen Street condo is right in line at the right price.  42 St. Marks Place, #2 wants $1.25M as a similar townhouse conversion chopped into 3BR's.  And a slightly dinkier renovation at 105 St. Marks Place, #2 is in contract with a list price of $1.175M.  And, without a big broker's commission on the scene, there's plenty of savings to go around for buyer and seller.  Contact us at for showings.

Pro's:  renovated true 2/2 condo with low fees in the heart of Park Slope north, great lay-out, close to all trains & everything, tree-lined block, washer/dryer in unit, super low monthly fees, no big broker commission padding stats, rear fire escape may double-as impromptu balcony

Con's:  $1,000/sqft or more is the condo market now, better pics would make a difference

Ideally:  the next best optimized condo available in this row without tens of thousands down the drain to big broker

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