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Would you pay $400K for this tiny Park Slope studio with a loft bed?

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Pro: location! Con: loft bed?

Welcome back to The Six-Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.

A Park Slope apartment listed for under $500,000? Sounds like it’s too good to be true—which, in the case of this studio, might be the case.

We’ll get the cons with this apartment out of the way first: It is, first and foremost, a 400-square-foot studio, so even its relatively low price—$399,000—still means that you’re paying close to $1,000/square foot. And then there’s the whole loft bed thing; yes, there’s a loft bed, and even by normal loft bed standards, it’s pretty small. (There is, at least, some sort of railing to prevent you from rolling off the bed in your sleep … in theory, anyway.)

On the pro side, it is under $500,000, and it has some nice decorative details: exposed brick, archways with molding, a chandelier, and the like. The kitchen and bathroom are both new (if small), and it’s in a good location—on Park Place, just off of Seventh Avenue and near Prospect Park.

It could be a decent starter apartment for a single person, assuming they’re okay with paying what amounts to the cost of a house in another city for a tiny studio.