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CondominiumCrown Heights

1042 President Street #8D, New York City, NY 11225

Listing Courtesy of TRIBRONYC LLC

$3,215/mo

Potential Rebate: $48

Condominium
1 Bed
1 Bath
3 Rooms
Built 2023
Listed on Jun 5, 2025
208 days on market

Overview

Amazing sun-drenched, modern 1-bed right by Prospect Park!<br><br><br><br><br><br>

Home Features

  • Central Air
  • Central
  • Balcony
  • Building Balcony
  • Private Outdoor Space Under 60 Sqft
  • High Ceilings
  • Microwave
  • Hardwood

Estimated Monthly Payment

$16 per month

30 year fixed, 6.28% Interest

Principal and Interest
$16
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$48

Monthly savings impact

$0/mo

Effective Purchase Price

$3,167

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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Price Analysis

Compare average listing prices and value metrics for 1042 President Street against the surrounding Crown Heights market.

Based on 2 active units in building vs 98 in area

Average List Price

Building$3.5K
Neighborhood$1.1M

Price Per SqFt

Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.

Value Opportunity

99.68% Lower

than the Crown Heights price average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Crown Heights

Overview of Crown Heights

Crown Heights is a neighborhood of contrasts and energy. Combining the Caribbean heritage of the West Indian Day Parade with a booming young professional scene, it is one of Brooklyn's most dynamic areas. For buyers seeking Crown Heights Brooklyn real estate, it offers proximity to cultural institutions and spacious pre-war housing.

Living in Crown Heights is vibrant. Franklin Avenue is one of the trendiest dining strips in the borough, while Eastern Parkway offers a grand, tree-lined promenade designed for sunday strolls.

Real Estate & Housing Market

The market for homes for sale in Crown Heights is diverse. To the north, you find grand townhouses and limestone mansions. To the south, large pre-war elevator buildings offer co-ops and rentals.

It is a market that offers value compared to neighboring Prospect Heights, while sharing many of the same amenities.

Lifestyle & Community

The lifestyle in Crown Heights is eclectic. Residents drink cocktails at intricate speakeasies on Franklin Ave, buy spices at Caribbean markets on Nostrand, and visit the Brooklyn Children's Museum.

The community is a unique blend of Afro-Caribbean families, the Chabad-Lubavitch Jewish community, and new residents.

Transportation & Accessibility

Crown Heights has distinct transit advantages. The 2/3/4/5 express trains on Eastern Parkway whisk commuters to Wall Street in 20 minutes.

The A/C trains serve the northern section, providing excellent coverage.

Parks, Schools & Amenities

Brower Park is a local favorite, and the neighborhood borders the Brooklyn Botanic Garden. The Weeksville Heritage Center provides deep historical context to the area.

Amenities are rich: varied dining, proximity to the Brooklyn Museum, and strong community centers.

Who This Neighborhood Is Best For

Crown Heights is best for diversity seekers, commuters (the express trains are unbeatable), and buyers wanting spacious pre-war apartments near Prospect Park.