There’s plenty to love about hustling-and-bustling Chelsea, home to the High Line and plenty of great eateries, bars, art galleries, and shopping. But the median price tag for the neighborhood is a little less easy to love. That’s where our Deal of the Week comes in: 250 W. 21st St. #7 is a charming Chelsea 1-bedroom located right in the heart of the neighborhood, with plenty of storage and bright windows, asking well below average for the area.
The Price: $599,000
The median asking price for a 1-bedroom in Chelsea is $1,099,000, compared to the median asking price of $850,000 for Manhattan overall. That puts our Deal of the Week at about half of the median asking price for the neighborhood.
Buyers who put down the minimum 20% down payment of $119,800 can expect to see monthly payments of $3,360. This includes a mortgage payment of $2,380 and a maintenance fee of $980.
Why You’ll Love It…
No need to downsize your book collection or wardrobe: This apartment has plenty of storage! In just about every room, stylish built-in shelves extend to the 10-foot-high ceilings for maximum space-saving. In the living room, a tiled decorative fireplace offers a focal point, with dark hardwood floors contrasting the white walls. The living room and adjacent windowed kitchen both get nice southern light, with the kitchen also boasting a long butcher-block countertop perfect for prepping food. The large bedroom’s extensive built-ins amount to a custom closet, with the bonus of creating a cozy window seat underneath one of the room’s three bright windows.
This home is in a small, quiet, prewar co-op with a laundry room in the basement and a video intercom. Transportation is a breeze with the C, E, and 1 trains right nearby and the A, L, F and M trains also within a short walking distance — but who needs to leave the neighborhood when you have Foragers Table, Doughnut Plant, Socarrat Paella Bar, and so much more right outside your door! If you overindulge, gyms like Barry’s Bootcamp, Crunch Fitness, and Row House are also nearby.
Chelsea 1BRs Under $1M on StreetEasy Article continues below
… And Why You Might Not
Unfortunately, nothing can be perfect. This apartment is a third-floor walk-up, so you might not need those gyms after all with all the exercise you’ll be getting at home. In addition, the kitchen and bathroom are fairly small and not quite as up-to-date as you might wish, in terms of appliances and finishes. But if a downtown home with plenty of storage is what you’re after, this Chelsea 1-bedroom is well worth a look!