Windsor Terrace looks like the little sister of Park Slope. Like its more well-known neighbor, this picturesque area directly borders Prospect Park, with charm in abundance and easy access to public traffic. But it’s a little further south, a little smaller – and it has lower housing prices. Our Pact of the Week, 10 Prospect Park Southwest number 20, is Windsor Terrace 1BR with windows directly overlooking the park! Try to find this in Park Slope for this price.
The Price: $ 539,000
The average asking price for a home in Windsor Terrace is $ 809,500, according to the Street Data Panel. That puts our Deal of the Week around $ 300,000 below the average asking price for the neighborhood.
Buyers who have submitted the 20% minimum down payment of $ 107,800 can expect monthly payments of $ 2,366. This includes a $ 1,858 mortgage payment and a $ 508 care fee – fairly low by NYC standards. By comparison, the average asking rent in Windsor Terrace is $ 2,700. Why rent when you can buy?
Why You Will Love It …
Now this is a place impossible to deny. This Windsor Terrace 1BR is literally on Prospect Park, with a chic Prospect Park Southwest address! And most windows of the unit look directly at the beloved green space. Not bad, is it? You are just a stone’s throw from Bartel-Pritchard Square and its farmers ’market, the Nitehawk theater, and the many cafes, shops, and bars of the nearby South Slope.
Our Deal of the Week is just as impressive inside, with molds that give a chic, vintage feel. There is a drawn inlay on the hardwood floors and exposed brick in the beautiful dining room of the kitchen. The kitchen also has cream furniture, granite countertops and modern stainless steel appliances.
In addition there are double, parking windows both in the living room and in the bedroom. And you won’t miss storage here. The bedroom has a huge closet that spans its entire width. And there is even a suitable lobby with a coat closet. That might seem like a small detail, but those little opportunities can be hard to find in apartments in New York City! Speaking of comfort, the building offers a shared laundry room. And each unit gets its own storage space, as well as free storage of bikes.
… And Why You Can’t
Like many pre-war homes, this Windsor Terrace 1BR is slightly smaller. It’s also on a promenade: Those steps are often the unfortunate price of pre-war charm. But the unit is on a low floor, so it shouldn’t be too bad.
And unfortunately, although the device is updated in many ways, it lacks one feature that New Yorkers crave: a dishwasher. But these are small quarrels, and the place certainly surpasses them. And then some.
Take a look at the list at 10 Prospect Park South West number 20. To learn more, contact StreetEasy Expert in the list. (StreetEasy Experts are agents with proven experience in a particular building or area.)