New Tax-Abated Condo in Kensington Has Many 3-Bedrooms Priced Under $900K

222 Parkville Avenue (Maximillion Realty)

Wednesday, Jul 26, 2017 By CityRealty Staff, CityRealty contributor

The Brooklyn condo market is surging, and in the last quarter, the borough recorded its highest volume of transactions in a decade. According to Douglas Elliman’s quarterly market report, the borough had 2,845 home sales at a median price of $795,000 — 20% higher than the same period last year. The quarter was the fourth in a row to set a new sales record.

As prices continue to soar, it’s becoming harder to find rock-bottom deals. However, one newly-finished building in Kensington has just launched sales on a collection of three-bedroom condos affordable priced from $899K. Located on a tree-lined block at 222 Parkville Avenue, the 8-story building is composed of 13 apartments with eat-in kitchens, stainless steel appliances, and hardwood floors. All units come with washer/dryer hookups and most have private balconies.

The building has an elevator common roof deck, virtual doorman, on-site parking and storage lockers. Buyers will benefit from a 15-year tax abatement providing low carrying costs. The building is convenient to the F train’s 18th Avenue station.

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3-Bed/ 2-Bath with 1,181 SF for $899K

3-bed / 2-bath Penthouse for $949,000

Rendering of typical bedroom (Maximillion Realty)

Living room ((Maximillion Realty)

Kitchen

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New Tax-Abated Condo in Kensington Has Many 3-Bedrooms Priced Under $900K

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New York’s Classical Revival: See the new Penn Station and traditional designs reshaping the luxury residential market

Price Cuts: &quot;Big&quot; screenwriter&#039;s Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M

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Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M

Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition

Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales

NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires' Row condo

Brick is Back: NYC developments revive the warmth of masonry; See Morris Adjmi's new design for 277 Canal Street