Sponsor co-op of the week

A Brooklyn Heights one bedroom with a private backyard for $735,000, no board approval required

By Austin Havens-Bowen | January 3, 2020 - 10:00AM 

The living room is open to the kitchen while the dining room is separate.

StreetEasy

Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."

This one-bedroom, one-bath sponsor co-op, 250 Henry St., #B1, in Brooklyn Heights, is currently listed at $735,000 which is a bit higher than the neighborhood’s median for one bedrooms, $679,000, according to StreetEasy. 

However, you are getting a 700-square-foot private backyard, and a porch. Plus, the bedroom is quite large and has with three walk-in closets. There’s a separate dining room with an exposed brick wall and a pass-through—so you’re getting both privacy and space for your money.

Monthly maintenance in the pet-friendly co-op is $1,554. Amenities include a bike room, laundry room, and storage. Located in a brownstone built in 1900, there are eight other units in the building. Pied-à-terre buyers and subletting are welcome.

The open living room has hardwood floors.

The renovated kitchen features stainless steel appliances, including a dishwasher.

The bath is tiled and has modern details.

The bedroom features two windows and has a private entry to the porch and backyard.

The apartment is a five-minute walk to the R train at Court Street, and the 2, 3, 4, and 5 are also nearby. The Brooklyn Cat Cafe, Dellarocco’s, and Colonie are a few of the mainstays in the neighborhood.
 
Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.
topics: