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."
If you’re on the hunt for a place to buy in Brooklyn, this studio, 220 Berkeley Pl., #1E, in a prime Park Slope location, might do the trick.
It’s priced at $455,000, which is slightly higher than the neighborhood’s average for studios, which is $399,000, according to StreetEasy. The monthly maintenance is $624.
You enter the studio by passing through an alcove, which is staged as a home office in the listing, but it seems large enough to be used as your dining space. Sure, walking directly into a dining area might feel awkward, but in small NYC apartments, you have to do what works.
There’s a generously-sized dressing room with two closets that leads you to the bathroom—plus three other closets in the apartment.
Amenities include a live-in super, laundry room, indoor garage, and bike storage (with a waitlist and fee). When it comes to pets, only cats are welcome here.
The living space, which is virtually staged in the listing, is large enough to divide your sleeping area and living room and there are large windows with northern exposure.
The kitchen is separate but opens to the main living space and features mahogany cabinets, Caesarstone countertops, and stainless steel appliances.
There’s a window in the bathroom.