KINGSBRIDGE
75 W. 238th St.
2-bedroom, 2-bath cooperative
Asking price: $225,000
Selling price: $212,500
Monthly cost: $814
Time on the market: 1 week

PLENTY LEFT OVER This deal was typical of many David Feldman has seen in the Bronx lately. “I’ve sold five apartments in this building over the course of a year,” the Citi-Habitats broker, who represented both the buyer and the seller in the transaction, said. Typically, the buyers are “people who’ve been priced out of not only Manhattan but Inwood and Washington Heights,” Mr. Feldman said. “For $212,500, you wouldn’t find a one-bedroom in a nothing-special building over there. People get attracted to [the Bronx] because of the sizes and the prices; usually they’re first-time buyers from the city, and they jump at it because it’s a really good value.”

The buyers of this two-bedroom, two-bathroom corner co-op – who made one of five written offers the property received in its first week on the market – were a young couple who sold their studio in Manhattan, bought the new place for cash, and still had plenty left over, the broker said.

The owner, a single woman who had lived in the building for a couple of years, moved to New Jersey.

The seven-story postwar brick building is in residential Kingsbridge between Cannon Place and Sedgwick Avenue, a five-minute walk from the no. 1 subway line. A small park is on the corner of the block, while the Bronx’s Van Cortlandt Park is 10 minutes away. A live-in super, laundry room, and elevator are among the building’s amenities.

The co-op itself features a large living room, home office, and dining alcove, and windows in every room with unobstructed views to the south and west. “The great light adds to the appeal of the apartment,” Mr. Feldman said. “The buyers were very, very happy with the apartment and the way the deal went.”

PROSPECT HEIGHTS
135 Eastern Pkwy.
1-bedroom, 1-bath cooperative
Asking price: $395,000
Selling price: $396,000
Monthly cost: $645
Time on the market: 4 weeks

FORTY STEPS Both of the couples involved in the sale of this 825-squarefoot co-op were “great, down-to-earth people,” Howard Lev of Dwelling Quest, who represented the buyers in the transaction, said.

The sellers were a young couple in the insurance business who moved to Manhattan, while the buyers were a married couple, first-time property owners who had rented in the East Village for the past 15 years. He is an editor at Esquire magazine, and she is a freelance producer, Mr. Lev said. “When they came out to Eastern Parkway and Prospect Heights, it reminded them a lot of what their old neighborhood was before the real estate market boomed.”

Located in the 75-year-old Art Deco-style Turner Towers, directly across from the Brooklyn Museum and near the Brooklyn Botanic Garden, the property is “40 steps from the 2/3 train – I counted it,” Dwelling Quest’s Bonnie Kirschenbaum, who represented the seller in the transaction, said. She noted the 16-story building’s restored lobby, which has a “1920s Art Deco feel to it,” and the apartment’s 9-foot ceilings, ample closet space, and renovated bathroom.

Most of the apartment’s original details were intact, Mr. Lev said, including the plaster molding and the original herringbone floor.

Mr. Lev, who specializes in the Brooklyn market, said that prices in certain areas of Prospect Heights are approaching those in Park Slope. “Especially around Grand Army Plaza, along Eastern Parkway and the northern part of Prospect Park, that seems to be where the pricing’s really creeping up to Park Slope level. For those that are starting to get squeezed out of Park Slope, it’s a great first alternative.”

CARROLL GARDENS
519 Court St.
3-story, mixed-use building
Asking price: $990,000
Selling price: $940,000
Time on the market: 2 weeks

LATE BLOOMER Located on the east side of Court Street between West 9th and Garnet streets, this brick building had housed a yoga studio and two apartments but was delivered vacant, Massey Knakal’s Kenneth Freeman, who represented the seller in the transaction, said. A small property at 20 feet by 45 feet, it includes a finished backyard and full basement, and is near the F and G subway lines, as well as the Brooklyn-Queens Expressway and the Brooklyn-Battery Tunnel. Though the building was on the market for just two weeks, “some violations took a while to clear up,” and the property took six months to close, Mr. Freeman said. The building’s condition, he said, “was a matter of some dispute.”

“It had some structural and cosmetic issues,” the broker said. “The yoga studio had been fixed up very nicely, and the rest of the building looked okay, but it needed a good overhaul. There were one or two structural issues that needed to be dealt with.”

The buyer, a New York investor, is already renovating the property, fixing up the apartments, and re-leasing the store. The seller, a longtime owner of the building, is also an investor.

Mr. Freeman said that this end of Carroll Gardens, near Hamilton Avenue, is the last part of the neighborhood to develop. Two large condominium projects are going up nearby.

“In this area, residential is happening; retail hasn’t quite happened over there. You might struggle in the near future with getting businesses to sign leases, but down the road, this will be a very solid investment opportunity.”

Massey Knakal was the sole broker in the transaction.