1701 Albemarle Road Offered at: $675,000 - Brooklyn, NY 11226
2 Bedrooms
1 Bathrooms
1937 Year Built
875 SqFt
Welcome to this delightful two-bedroom, one-bathroom home in Berkley Square, one of Prospect Park South’s most sought-after, pet-friendly co-op buildings!
What sets this property apart are its exceptional financial benefits. The maintenance fees are remarkably low and will remain so thanks to the building’s unique setup – shareholders own all rental units, using this income to offset maintenance costs. There’s no underlying building mortgage (only a temporary construction loan), and the building maintains a strong financial position with ample reserves.
The apartment showcases thoughtful updates throughout. The beautifully renovated kitchen features a large farmhouse sink, butcher block countertops, exposed shelving, dishwasher, and abundant storage. A spacious foyer welcomes you with two closets and a custom built-in storage area, complete with bench, hooks, shoe cubbies, and shelf. The flowing layout offers versatile spaces for lounging, dining, and working from home.
The home’s standout features include an in-unit washer/dryer, four generous closets, hardwood floors throughout, and classic pre-war details. The modern, windowed bathroom has been tastefully updated. The primary bedroom enjoys north and east exposures, while the second bedroom boasts a large corner window. Perhaps most impressive are the unobstructed views of Knickerbocker Tennis Club, treetops, and skyline, creating a peaceful and quiet environment.
The building itself offers extensive amenities including brand-new elevators, doorman service, a live-in super, and full-time porter. Residents enjoy access to a common outdoor area and bike storage, with additional storage and parking available (though currently waitlisted). The building community is particularly noteworthy, with an active board, social committee, and welcoming neighbors who help create a true sense of home.
Located in a prime position, the building sits steps from Prospect Park, B and Q trains at Church Avenue, and local favorites on Cortelyou Road. Enjoy proximity to the revitalized King’s Theatre and the new Kensington Dog Run, less than a mile away.
Important additional notes: There is current building work in progress with a $138 assessment for the next 2 years (added to maintenance), and a special mortgage rate is available. The building warmly welcomes pets, including dogs.
This combination of strong financials, modern updates, and prime location makes this co-op an ideal investment opportunity in a thriving Brooklyn neighborhood. Ready to call this charming co-op home? Don’t miss your chance to view this exceptional property.