Open House Agenda: Four Apartments to See This Weekend
BROOKLYN — With real estate prices soaring in Brooklyn, it’s easy to feel like you missed the boat in an area that has become “hot." Not true. Here are four apartments still considered relatively good deals in popular Brooklyn neighborhoods.
1701 Albemarle Road, Apt. C8, Ditmas Park
1 Bedroom/1 Bath
Approximately 950 square feet
Maintenance: $511.70 per month
Open House: Sunday, Feb. 9, 11:30 a.m. to 1 p.m.
Lowdown: The large-sized one-bedroom in Ditmas Park is located in Berkley Square, one of the most sought-after buildings in the neighborhood, said DeAnna Lenhart of Brooklyn Hearth Realty.
The pre-war building, which takes up an entire block with 84 "incredibly large" units, has low maintenance and "outstanding financials," Lenhart said. "The underlying mortgage has been paid off, and there’s a huge reserve fund and no assessments.”
Unit C8 has been completely renovated and includes all new moldings and skim-coated walls. The kitchen overlooks the historic Knickerbocker Field Club — a private tennis organization with five clay courts. There’s a short waiting list for parking ($75 per month) in the electric-gated lot next door.
The area's prices are on the upswing. When Lenhart moved into the neighborhood 10 years ago she bought a one-bedroom for $127,000. By the end of 2009, the average price for one-bedrooms was from $200,000 to $280,000, she said. She recently sold a 750-square-foot one-bedroom at nearby 415 Argyle Road for $400,000.
Location: The surrounding area — especially Church Avenue between 18th Street and Coney Island Avenue — is in transition. Nine Chains, a new bakery cafe from the owners of the acclaimed Farm on Adderley on nearby Cortelyou Road, opened on Church Avenue near Westminster Road in January. Wheated and The Dogwood restaurants debuted last year, joining Lark coffee and Am Thai. There are also excellent Caribbean, Bangladeshi and Mexican restaurants.
The Prospect Park Parade Ground, where there are weekly soccer matches and now food trucks, too, is two blocks north.
The B and Q trains at Church Avenue are one block away. The B35 bus is also on Church Avenue, and the B103 — which after one more stop in neighboring Kensington runs express to downtown Brooklyn — is on Coney Island Avenue.
Why put it on your open house calendar? “This is the one building that has it all: low maintenance, pre-war, dog-friendly, parking and a doorman,” Lenhart said. “And it’s a good bargain, especially when you compare it to some of the other popular Brooklyn neighborhoods."