The East Village’s rich history and culture make it an alluring Manhattan neighborhood. And, its downtown location provides easy access to Midtown and Brooklyn (even more so if the L train doesn’t shut down after all). The best part is, there are great deals to be found in the neighborhood. This week’s Deal of the Week at 634 E. 14th St. #11 is a studio apartment with plenty of prewar charm and space to spare.
The Price: $419,000
According to the latest StreetEasy Market Report, the median asking price for an apartment in the East Village is $967,500. That puts our Deal of the Week at less than half the median asking price for the neighborhood.
Buyers who pay the minimum 20 percent down ($83,800) can expect to see monthly payments of $2,271. This includes a mortgage payment of $1,698 and a maintenance fee of $573.
Why You’ll Love It…
This East Village studio has kept much of its original prewar charm. The unfinished wood molding around the tall windows and the wide-plank pine floors give it a rustic warmth, as does the white-washed exposed brick throughout the space.
Although this is a studio, there is a fairly spacious kitchen, with a custom stainless-steel island separating it from the living area. But, perhaps the most eye-catching feature in the apartment is the light-green, vintage cast-iron farmhouse sink that adds more flair to the homey vibe.
The bathroom has its own clawfoot tub and black-and-white octagonal tiling. Additionally, there’s even a walk-in closet in the space.
The studio is part of a six-building co-op, where heat, hot water, gas, real estate taxes, and building upkeep are all included in the maintenance fee. Pets are allowed, plus there’s a live-in super, bike room, and a shared backyard. After three years of ownership, subletting is allowed, and pied-à-terres and co-purchasing are both allowed.
The apartment is located just a block away from the East River, with the L train nearby. It’s close to all the greatest of the East Village and Alphabet City, including Tompkins Square Park, movie theaters, the Upright Citizens Brigade, and plenty of restaurants and bars.
… And Why You Might Not
The studio life isn’t for everyone, space-wise. This apartment is also on the third floor of a walk-up building. However, if you like the solitary life or are looking for a good pied-à-terre, look no further.
Check out the listing at 634 E. 14th St. #11, listed by the owner.
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