Thinking about living in Lower Manhattan? The Financial District isn’t your only option if you want to live at the southernmost tip of Manhattan — there’s also Battery Park City, which is sandwiched between the Financial District and the Hudson River. Although the neighborhood is full of people during the work day, it tends to get more quiet at night. So if you’re looking for a quiet and scenic escape, look no further than 2 South End Ave. #7M. Our Deal of the Week is a 1-bedroom with tons of storage space, located in a full-service building just steps from the Battery Park City Esplanade.
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Learn more about our Deal of the Week!
The Price: $525,000
The median asking price for a home in Battery Park City was $1.3 million this January, according to the StreetEasy Data Dashboard. That means our Deal of the Week’s price is under half the median for the neighborhood!
Buyers who put down the 10% minimum down payment of $52,500 can expect to see monthly payments of $5,327. This includes a mortgage payment of $3,087, common charges of $1,333, and monthly taxes of $907.
Why You’ll Love It…
This home is big on two things that can be hard to come by in New York: natural light and storage space. Upon walking into the unit, you’ll find two large closets in the entryway, with another located outside the bathroom. The bedroom also includes an expansive closet, in addition to an oversized window. However, the biggest window is in the living area, which has ample room for both living and dining furniture.
Semi-open to the living area, the kitchen is outfitted in all-white finishes and stainless steel appliances, including a stove/oven, large refrigerator, dishwasher, and mounted microwave. A breakfast bar not only offers a great spot to sit and eat, but also an expansive countertop for food prep.
The condo is found in an elevator building with a 24-hour doorman, concierge service, live-in super, gym, laundry room, lounge, and common rooftop deck. Situated at the end of a cul-de-sac, the building offers great Hudson River views. There’s also easy access to the Battery Park City Esplanade and all the parks that pass through it, including South Cove Park, Battery Park, and Robert F. Wagner Jr. Park.
With the 1, R, W, 4, 5, J, and Z trains all very close by, you can get pretty much anywhere in the city easily. The building is also located between two ferry stops serving multiple ferry lines. Still, if you prefer to drive, the building has an on-site garage accessible through the lobby.
…And Why You Might Not
Unfortunately, when you combine the monthly common charges and taxes, you’re looking at high recurring payments that will remain even once the mortgage is paid off (although that’s the way it goes in New York). Additionally, some of the finishes in the kitchen and bathroom are a bit outdated.
If you’re looking to buy in Battery Park City, be sure to shortlist this one!
Check out the listing at 2 South End Ave. #7M, listed by Andrew Klima and Issy Leiter of SERHANT.
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