Cash-only prewar co-op near Prospect Park in Park Slope
This seven-story brick co-op at the intersection of Eight Avenue and Third Street in historic Park Slope is distinctive for its corner tower, stone arches and ironwork entrance. It dates to 1920 and is part of the Park Slope Historic District. Its fading grandeur extends to the lobby and ends there. Today, most of the 95 units are small studios, which are touted as starter homes or pied-a-terres. Listings are also quick to point out that financing is unavailable for any unit here, with a disclaimer that the co-op is financially sound despite the cash-only stipulation. The location is the main draw for living here, just a block from Prospect Park and shopping and dining along Seventh Avenue.
Studios represent the majority of floor plans
Most studios average 300 square feet, but some are even smaller. This leaves enough room for a full-sized bed, loveseat and small coffee table. A number have added Murphy beds. Kitchenettes are squeezed into a corner no bigger than a closet. Those that haven’t been updated include dated appliances and enough room for a half fridge, convection oven and cooktop range. Renovated kitchenettes have added storage space, sliding barn doors and even the occasional full-size refrigerator. Windowed bathrooms are equally tiny, but large enough to accommodate a bathtub. It’s not unusual to encounter unrenovated bathrooms with original bathtubs and fixtures, wall-mounted sinks or black-and-white tiled floors. Gut-renovated bathrooms have swapped out bathtubs for shower stalls.
Despite lacking space, prewar character extends to inlaid border parquet floors, picture moldings and large windows that overlook Eighth Avenue or brownstone backyards, although a brick wall view is also possible. Fire escapes serve as outdoor space and steam heat is typical of the era.
In 2024, all listed studios were priced or sold for less than $300,000. There is a smattering of one-bedrooms, but none have been listed since 2021. Even though the building is pied-a-terres friendly, it doesn’t allow sublets. More than half of the units are rental apartments, which come on the market more frequently.
Despite lacking space, prewar character extends to inlaid border parquet floors, picture moldings and large windows that overlook Eighth Avenue or brownstone backyards, although a brick wall view is also possible. Fire escapes serve as outdoor space and steam heat is typical of the era.
In 2024, all listed studios were priced or sold for less than $300,000. There are a smattering of one-bedrooms, but none have been listed since 2021. Even though the building is pieds-a-terre friendly, it doesn’t allow sublets. However, more than half of the units are rental apartments, which come on the market more frequently.
Limited amenities include a live-in super and basement laundry
The small lobby retains impressive original features, including black marble floors, gold columns and paneling and a decorative white plaster ceiling. Otherwise, the building lacks bells and whistles. There’s a long-time live-in super, an elevator and a package room. The basement laundry room is a tight squeeze with a limited number of machines. Maintenance fees are in the $700 range for studios and include taxes.
Desirable Park Slope address close to Prospect Park, dining and transportation
Those who just need a place to sleep will find numerous ways to spend time in the immediate neighborhood. The 526-acre Prospect Park is a block away, which serves as the Central Park equivalent for much of North Brooklyn. It contains trails, a lake, zoo, skating rink, dog beach and more. The northern end is home to the Brooklyn Botanic Garden and the Brooklyn Museum. IDNYC card holders can get a free yearly membership to the latter. The Central Library is near the museum, housing more than 1.5 million books and materials. As Brooklyn’s main branch, it’s notable for its architectural design and ongoing event series. Grand Army Plaza, the entrance to Prospect Park, is across the way. Locals gather here for the year-round farmer’s market and community events. Nitehawk Cinema is located near the park's southern end for dinner and drinks with a show. Bars, restaurants and an independent bookstore are nearby on Eighth Avenue, but this stretch becomes residential closer to the co-op. Hot spots, coffee shops, casual joints and a Barnes & Noble bookstore line Seventh Avenue, with additional trendy bars and restaurants along Fifth Avenue. This location is also convenient for employees who work a few blocks away at New York-Presbyterian Brooklyn Methodist Hospital.
Walking distance to trains and bike rentals
The F and G lines at Seventh Avenue are about five blocks away. This is an accessible station, but it should be noted that the G is the only train that doesn’t go to Manhattan. The F reaches Midtown in about 30 minutes. More trains are half a mile away along Flatbush Avenue, namely the 2 and 3 at Grand Army Plaza and the B and Q at the Seventh Avenue stop. Buses operate along Seventh and Flatbush avenues and the co-op is a block from two Citi Bike stations.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Very Bikeable
Bike Score®
86/ 100
Walker's Paradise
Walk Score®
94/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
J.J. Byrne Playground
8 min walk
Picnic Area
Soccer
Trails
Harmony Playground
10 min walk
Bike Trails
Picnic Area
Trails
Washington Park Dog Run
11 min walk
Dog Park
Picnic Area
Trails
Park Slope Playground
15 min walk
Basketball
Trails
Playground
Dr. Ronald McNair Park
3 min drive
Trails
Prospect Park
3 min drive
Bike Trails
Dog Park
Picnic Area
Dean Playground
4 min drive
Basketball
Playground
Multi-Purpose Field
Detective Joseph Mayrose Park
4 min drive
Bike Trails
Dog Park
Trails
Slope Park Playground
4 min drive
Picnic Area
Playground
Schools
Source:
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