Does living in the sweet spot between Chelsea, the West Village, and the Meatpacking District sound like your idea of perfection? Well then, have we got a downtown Deal of the Week for you. 85 Eighth Ave. #4R is a stunning Chelsea 1BR with lots of amenities (hello, cute little balcony!) and a super-stellar location. And it’s listed for a fraction of the price of nearby units.
The Price: $595,000
The median asking price for a Chelsea apartment is $1.9 million, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at less than a third of the average price for the neighborhood.
Buyers who put down the minimum 20% down payment of $119,000 can expect to see monthly payments of $3,348. This includes a mortgage payment of $2,027 and a maintenance fee of $1,321. By comparison, the monthly payments are just under the area’s median asking rent of $3,450.
Why You’ll Love It…
First things first! This Chelsea 1BR has its very own balcony. The small but private outdoor space provides just enough room for a cozy reading nook, morning coffee spot, or container garden. Whatever you choose to do with it, one thing’s for sure: In the age of COVID-19, having your own slice of sunshine is priceless.
The unit is recently renovated, with ultra-modern updates. Take for instance the bathroom, done in white marble and gray slate. It exudes luxury, with a glass shower door, an extra-wide sink, and an adjacent walk-in closet. And the kitchen, tucked into a nook off of the living room, features fancy waterfall-edge marble counters. It also boasts high-end Bosch appliances, including a dishwasher. A stylish glass wall separates the bedroom from the living room, equipped with a full-length curtain for privacy. Plus there’s a great work-from-home feature in the windows, which are soundproofed to keep out noise from the busy street below.
Finally, let’s talk location. This co-op, the Thomas Eddy, is set in a downtown lover’s dream. It’s right next to the Google headquarters, down the street from Chelsea Market, and a few blocks from the Whitney Museum. The High Line and Hudson River Park are also nearby, and you’ll have no shortage of dining options, either. This place is definitely in the middle of the action.
Downtown 1BRs Under $800K on StreetEasy Article continues below
… And Why You Might Not
This Chelsea 1BR does have a few oddities, and the fridge is definitely one of them. The refrigerator seems to be located in the entryway instead of in the otherwise-fantastic kitchen. So you’d have to walk out of the kitchen to grab something from the fridge, making cooking rather awkward. In addition, the bedroom’s glass wall does not have a door, which definitely might be a problem for some.
Check out the listing at 85 Eighth Ave. #4R, and contact a StreetEasy Expert on the listing for more details. (StreetEasy Experts are agents with proven experience in a particular building or area.)
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.