Real Estate

Commodious One-Bedroom Prewar in Kensington With Open Kitchen, Bike Storage Asks $1,950

It’s in a co-operative building near Prospect Park and has a renovated kitchen and bathroom.

by Stephen Zacks

06/20/2019 0

In Kensington, a few blocks from Prospect Park Lake and Green-Wood Cemetery, this unusually gracious and hospitable one-bedroom is also surprisingly modestly priced. It’s situated on the first floor of a 48-unit co-operative at 414 Albemarle Road.

Given the frequently restrictive boards of co-ops, we wonder if this place is too good to be true, with its listed 800 square feet, renovated open kitchen with stainless steel appliances, a breakfast bar, three closets, and generous north and east facing windows. The bathroom too has been updated with a pedestal sink, white wall tiles and gray faux-wood tiles.

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The six-story elevator building has English bond brickwork and a portico entrance with neo-Classical columns topped by a broken pediment. It was completed in 1940 and appeared in ads at the time promoting moderately priced rentals in a new elevator building in Flatbush.

That still applies, relatively speaking, especially if it’s a share with a partner. The building also has laundry, a garden, and two dedicated bike storage spots.

Public records indicate that apartments in the building have been selling in the past year or two for $450,000 to $700,000. In fact, this one was listed for sale in April. So any prospective renter may have showings to contend with, as well as a lease that may not be renewed past one year.

This listing by John Chubet of Compass puts the rent at $1,950. Worth it?

[Listing: 414 Albemarle Road, 1H | Broker: Compass] GMAP