If you want to live in downtown Manhattan but want a quiet neighborhood with a little less hustle and bustle, Battery Park City could be the choice for you. This area next to the Financial District offers an easy commute to Wall Street, tons of public space, and prices lower than is typical for the borough. But we found a deal that slashes the neighborhood’s median asking price in half, too. Our Deal of the Week is 300 Albany St. #9E, a 1-bed, 1-bath condo in a full-service elevator building just feet from the Battery Park City Esplanade.
The Price: $595,000
The median asking price for a home in Battery Park City was $1.2 million this January, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at less than half the median asking price for the neighborhood!
Buyers who make the 20% minimum down payment of $119,000 can expect to see monthly payments of $5,128. This includes a mortgage payment of $3,059, common charges of $1,112, and monthly taxes of $957.
Why You’ll Love It…
Enter this unit through a foyer/hallway that includes two deep, custom closets for all your storage needs. The spacious bathroom keeps the storage trend going with a huge, mirrored medicine cabinet and a countertop that extends over the toilet for even more space for your essentials. Across the hall is the galley-style kitchen which is semi-open to the living room. Full-size appliances, including a dishwasher, make both cooking and clean-up a breeze!
A huge wall-to-wall window floods the living room with great light. The bedroom has a smaller window facing the same way, offering views of the World Trade Center and the Hudson River. It also has enough room for a king-sized bed, plus some other furniture. And, of course, this room has another custom closet. The entire unit is also outfitted with hardwood oak floors that provide an updated and modern feeling.
The apartment is located in a pet-friendly, full-service condo building with a 24-hour doorman, concierge, and fitness center. There’s also a laundry room on the condo’s floor, so you won’t have to lug your hamper into the elevator. The building also boasts a private courtyard with outdoor furniture and barbecues, short-term parking, and bike storage.
With a location close to Wall Street and the World Financial Center, this building is perfect for those who work downtown. But transit is also easily accessible thanks to the Free Connection downtown bus service and 1, R, and W trains nearby. Battery Park City Esplanade is just down the street, so you can get your morning exercise in while taking in water views. The building is also close to a plethora of additional parks, including Rector Park, West Thames Park, Pumphouse Park, Rockefeller Park, and South Cove Park.
…And Why You Might Not
This condo clocks in at 600 square feet, so it’s not exactly huge. There’s no formal dining area, but it seems that the living room can fit a small dining set. Plus, the monthly costs are a bit high when all added together. But if you’re in the market for a condo downtown, it’ll be hard to find something that ticks so many boxes in this price range!