From the High Line to endless bars, restaurants, galleries, and shops, Chelsea has it all. Unfortunately, that means the neighborhood often comes with a hefty price tag. One of the heftiest in Manhattan, in fact. But if you dream of living here on more of a budget, check out 264 W. 22nd St. #10. This Chelsea 1-bedroom is beautifully renovated while maintaining an air of old-school chic. And the incredible price makes it our Deal of the Week!
The Price: $500,000
The median asking price for a home in Chelsea is $2.3 million, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at a fraction of the median asking price for this popular neighborhood.
Buyers who put down the 20% minimum down payment of $100,000 can expect to see monthly payments of $2,962. This includes a mortgage payment of $1,702 and a maintenance fee of $1,260. By comparison, the median asking rent in Chelsea is $4,495.
Why You’ll Love It…
Upon entering this Chelsea 1-bedroom, a long hallway greets you (gallery wall, anyone?). It opens into a bright living area with a charming decorative fireplace. Two tall windows overlook the tree-lined street and let in plenty of light. There’s also a beautifully renovated open kitchen with a gorgeous tile backsplash. It has bonuses you might not expect in a small space, too — for example, a full-size dishwasher and lots of cabinet space.
Down the hall, the black-and-white bathroom absolutely shines with new renovations. A chic walk-in shower is accented by black-framed glass doors. There’s also a generous amount of storage space in the vanity and behind the mirror. And speaking of mirrors, you’ll find a mirrored closet in the bedroom. It’s small but stylish, sheathed in an iconic wallpaper familiar to any reader of design magazines.
Finally, our Deal of the Week is brilliantly located in the heart of this beloved area. The High Line and and Chelsea Market are both nearby, as are Whole Foods, Trader Joe’s, and countless other amenities. Washer/dryers are allowed with board approval, and there’s also a laundromat just downstairs.
Chelsea Homes Under $750K on StreetEasy Article continues below
… And Why You Might Not
This Chelsea 1-bedroom is undoubtedly small. The bedroom can’t hold much more than a bed (although it is a queen-size one). Additionally, there’s only one closet in the entire unit. And finally, this is a walk-up building. On the bright side, the unit is only two flights up.
To learn more, check out the listing at 264 W. 22nd St. #10, in Chelsea.
