chelsea 1br - deal of the week

It’s no secret that New Yorkers love Chelsea. There’s always a new restaurant to try or an art gallery to peruse, and there’s never a dull moment. It’s also one of the most expensive neighborhoods in the city, for the same reasons. If you’re looking to score some space in the nabe at a lower cost, though, you’re in luck. Our Deal of the Week, 307 W. 20th St. #3F, is a Chelsea 1BR with prewar charm, a killer kitchen, and even built-in office space.

The Price: $549,990

The median asking price for a home in Chelsea was a whopping $2.1 million as of August 2020, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at about a quarter of the neighborhood average — a stellar deal!

Buyers who put down the 25% minimum down payment of $137,497 can expect to see monthly payments of $2,812. This includes a mortgage payment of $1,715 and a maintenance fee of $1,097.

Why You’ll Love It…

This unit has three big windows, all of which face south for maximum sunlight throughout the day. The kitchen and living areas are open to one another, separated by a breakfast bar that provides a perfect space-saving solution to dining. Exposed brick and a decorative fireplace add the prewar charm you’d expect from a building that dates all the way back to 1850.

The kitchen, however, is decidedly modern. It features top-of-the-line stainless steel appliances, including a Bertazonni range, a Liebherr fridge, and, yes, a dishwasher. There’s plenty of overhead and undercounter storage, including chic open shelving to display your treasures. And the bathroom is similarly up to date, with glass shower doors and custom tile.

Other impressive features include a spacious walk-in closet in the bedroom and a custom built-in desk in the living room. (This can also be used as a home bar, but these days, dedicated home office space is a hot commodity!) This Chelsea 1BR is also impressively located, close to multiple train lines and all the shopping, restaurants, and activity of Eighth Avenue. Neighborhood standouts like the High Line and Chelsea Market are only a quick walk away as well.

Downtown 1BRs Under $700K on StreetEasy Article continues below

… And Why You Might Not

This unit is on the second floor of a walk-up building, so there are some stairs involved here. And there are no laundry facilities in the building, so you’ll have to find a trusty laundromat — luckily, there are a few options within two blocks’ walk. But if you’re looking to stake an affordable claim in the heart of a fantastic downtown neighborhood, this Chelsea 1BR is well worth a look.

Check out the listing at 307 W. 20th St. #3F, and contact a StreetEasy Expert on the listing for more details.

Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.