Classic Park Slope Prewar – 1 Short Block to Prospect Park <br> And A Rare Opportunity To Assume A ~ $500, 000 Mortgage At Just 2.375% <br>An existing approximately $500, 000 adjustable-rate mortgage, currently bearing interest at 2.375%, may be assumed by the purchaser, subject to the lender's standard underwriting criteria. The initial interest-rate adjustment is not scheduled to occur until December 2032, after which the rate may adjust twice annually in accordance with the terms of the mortgage documents.<br> Financing 80% of the purchase price of this apartment could result in approximately $1, 700 less in monthly interest expense ($20, 400 annually) than financing a comparably priced apartment at current prevailing interest rate levels (6.25%-6.5% used for illustration).<br>The apartment is perfectly positioned just moments from Prospect Park. Residence 1D is a beautifully renovated corner one-bedroom that pairs timeless prewar character with thoughtful modern updates.<br>At nearly 800 square feet, the home feels larger than expected with its 9'6" ceilings, oversized windows with multiple exposures and a generous layout. Natural light fills the apartment throughout the day.<br>The well-proportioned living/dining room offers design flexibility with nearly 19 feet of living space, comfortably accommodating entertaining, dining or simply relaxing.<br>The kitchen has been thoughtfully renovated with quartz countertops, new cabinetry and premium appliances, resulting in a clean, understated design perfectly at home within the unit’s classic architecture.<br>The oversized king bedroom is equally impressive. Custom floor-to-ceiling storage was designed and installed specifically for the space. Ample closets throughout the apartment make organization nearly effortless.<br>Newly refinished wide-plank white oak floors brighten every room and complement the apartment's classic prewar details.<br>The renovated bathroom pairs design and functionality - classic finishes, new fixtures and a clean, understated aesthetic that complements the home's prewar character.<br>Situated within the Park Slope Historic District , residents of this 1923 landmarked building enjoy a live-in superintendent, beautifully landscaped private courtyard, laundry room, bike storage and meticulously maintained common spaces.<br>Outside your front door is the very best of Brooklyn: Prospect Park, Grand Army Plaza’s Saturday Greenmarket, the Brooklyn Botanic Garden, the Brooklyn Museum, celebrated neighborhood restaurants, and cafés. Multiple subway lines are all just minutes away.<br>Warm, bright and move-in ready, Residence 1D with its assumable financing offers an increasingly rare opportunity to affordably live in Park Slope, one of Brooklyn's most sought-after neighborhoods.