Classic Park Slope Prewar – 1 Short Block to Prospect Park
And A Rare Opportunity To Assume A ~ $500,000 Mortgage At Just 2.375%
An existing approximately $500,000 adjustable-rate mortgage, currently bearing interest at 2.375%, may be assumed by the purchaser, subject to the lender's standard underwriting criteria. The initial interest-rate adjustment is not scheduled to occur until December 2032, after which the rate may adjust twice annually in accordance with the terms of the mortgage documents.
Financing 80% of the purchase price of this apartment could result in approximately $1,700 less in monthly interest expense ($20,400 annually) than financing a comparably priced apartment at current prevailing interest rate levels (6.25%-6.5% used for illustration).
The apartment is perfectly positioned just moments from Prospect Park. Residence 1D is a beautifully renovated corner one-bedroom that pairs timeless prewar character with thoughtful modern updates.
At nearly 800 square feet, the home feels larger than expected with its 9'6" ceilings, oversized windows with multiple exposures and a generous layout. Natural light fills the apartment throughout the day.
The well-proportioned living/dining room offers design flexibility with nearly 19 feet of living space, comfortably accommodating entertaining, dining or simply relaxing.
The kitchen has been thoughtfully renovated with quartz countertops, new cabinetry and premium appliances, resulting in a clean, understated design perfectly at home within the unit’s classic architecture.
The oversized king bedroom is equally impressive. Custom floor-to-ceiling storage was designed and installed specifically for the space. Ample closets throughout the apartment make organization nearly effortless.
Newly refinished wide-plank white oak floors brighten every room and complement the apartment's classic prewar details.
The renovated bathroom pairs design and functionality - classic finishes, new fixtures and a clean, understated aesthetic that complements the home's prewar character.
Situated within the Park Slope Historic District , residents of this 1923 landmarked building enjoy a live-in superintendent, beautifully landscaped private courtyard, laundry room, bike storage and meticulously maintained common spaces.
Outside your front door is the very best of Brooklyn: Prospect Park, Grand Army Plaza’s Saturday Greenmarket, the Brooklyn Botanic Garden, the Brooklyn Museum, celebrated neighborhood restaurants, and cafs. Multiple subway lines are all just minutes away.
Warm, bright and move-in ready, Residence 1D with its assumable financing offers an increasingly rare opportunity to affordably live in Park Slope, one of Brooklyn's most sought-after neighborhoods.