Condo/Co-op of the Day

Spacious, Relatively Affordable Studio in Prospect Lefferts Gardens Co-op Asks $447K

It has a nicely updated kitchen as well as some nice prewar features and low maintenance, and it’s close to Prospect Park.

by Stephen Zacks

04/02/2019 0

As prewar studios go, this co-op in Prospect Lefferts Gardens is relatively spacious, with a separate renovated kitchen that has substantial counter space, a proper entrance foyer, and a bathroom in good condition.

From the entrance, there’s a step down into the combined bedroom and living room through an arched doorway. The corner bedroom has three windows on two sides, and both the kitchen and bathroom have windows as well. It’s got parquet floors in the first two rooms, grey and white tiles in the bathroom, and a new floor in the kitchen.

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The entrance foyer has shelves built into a niche, and a little hallway with the apartment’s three closets forms a petite dressing room of sorts. There is laundry in the building, a bicycle room, live-in super and storage units.

According to the Certificate of Occupancy and Brooklyn Daily Eagle articles, 125 Ocean Avenue was constructed in 1940, and it is rather bland and featureless with its tan bricks patterned to give it at least a little texture, and a unremarkably modern awning. Maybe the buyer can convince the co-op board to slap a name on the awning to give the building some pizzaz.

The elevator building has 65 units, according to the listing, handled by Rene Eskengren of Douglas Elliman, and apartment 6E is on the top floor. So there won’t be footsteps overhead and it’s likely to be light.

It’s close to Prospect Park, although the Q train does run just in back of the building, so it could be noisy.

At $390, the maintenance is very low, and at the asking price of $447,000 with 20 percent down, you’re possibly looking at monthly payments around $2,000. So maybe it’s affordable to a single professional making around $90,000 or so. Worth it?

[Listing: 125 Ocean Avenue, 6E | Broker: Douglas Elliman] GMAP