There’s a reason many people are moving further uptown: cheaper prices, bigger spaces and great neighborhoods await. Consider Inwood. This neighborhood at the tippy-top of Manhattan is surrounded by parks and water. Not only is it peaceful, but there are plenty of deals to be found. That’s why this Inwood 2-bedroom at 571 Academy St. #5A is our Deal of the Week. It has gorgeous hardwood floors and space to spare. Let’s take a closer look.
The Price: $570,000
Technically, the listing price sits above the median asking price in Inwood, which is $427,500, according to the latest StreetEasy Market Reports. But, it’s still a fraction of the median asking price for apartments in Manhattan ($1,645,000).
Buyers who pay the 20% minimum downpayment of $114,000 can expect to see monthly payments of $2,719. This includes a monthly mortgage payment of $2,159 and common charges of $560.
Why You’ll Love It…
Comprising 973 square feet, this apartment has plenty of room to spare. The living room is wide enough to accommodate a full dining set, in addition to a living room set facing a built-in media center and shelves. Sleek hardwood floors and an accent wall bring the room together.
The kitchen is separate and has quality finishes such as cherry cabinets, granite counters and stainless steel appliances, including a dishwasher. Two skylights and a window allow in plenty of light.
The master is big enough for a king-size bed and a dresser, in addition to a desk. In the world of tiny NYC bedrooms, that’s pretty impressive. The second bedroom is smaller, but still big enough for a queen and it has a window and closet.
This condo has air conditioning and is in a pet-friendly elevator building in the heart of Inwood. Green space can be found in any direction, with Fort Tryon Park, Inwood Hill Park, and Harlem River Park all nearby. The 1 and A express trains are both a quick walk away, offering easy access downtown.
Additionally, there’s laundry in the building and a live-in super. Plus, the low common charges are highly attractive.
… And Why You Might Not
The second bedroom definitely isn’t as impressive as the first, but totally suitable for a young child, guest room or even a separate office. And for fans of the open-concept living space, the separated kitchen might not be to your liking. Lastly, if you work downtown, your commute might be a bit of a long haul. But for those looking to relocate to a great neighborhood a bit further away from the hustle and bustle, keep an eye on this one.
Check out the listing at 571 Academy St. #5A, listed by Karen Guerrier of Halstead.