The Upper West Side is known for its great dining, accessibility to Central Park, and awesome museums. It’s also known for some pretty steep prices, but there are still deals to be found. Take 485 Central Park West #2C. This 1-bedroom has a brand-new kitchen and is in a prime location in Manhattan Valley and that’s why it’s our Deal of the Week.

The Price: $550,000

According to the latest StreetEasy Market Reports, the median sales price for an apartment on the Upper West Side is $1,120,156. That puts our Deal of the Week at about half of the median sales price for the UWS, which is quite a bargain.

Buyers who pay the minimum 20 percent down payment of $110,000 can expect to see monthly payments of around $2,979. This includes a mortgage payment of $2,211 and a maintenance fee of $768.

Why You’ll Love It…

Upon entering the apartment, you are greeted by the open kitchen and living room. The kitchen has been recently updated stainless-steel appliances, including a Bertazzoni range and Bosch dishwasher, plus it has granite countertops and handsome Shaker cabinets. There’s a large island that’s great for both cooking and hanging out with friends. The living area is roomy, with gorgeous hardwood floors and two large windows.

Off the living room is a spacious bedroom — approximately 9 feet by 18 feet — which can easily fit a king-size bed (although a full-size is currently shown), a dresser and a desk. An en suite bathroom and two walk-in closets are located here, providing plenty of storage.

The building features a part-time doorman, video security, live-in super, laundry room, and bicycle storage. Parents buying and pied-à-terres are both welcome, and the building has a pet-friendly policy.

To top it all off, the location is prime. This apartment is located on Central Park West, so it’s literally right across the street from the park. There’s also a B and C subway stop just a block away, with the 1, 2 and 3 trains also within walking distance. There’s also plenty of great shopping and dining options nearby.

… And Why You Might Not

For those who want a full dining area or don’t like their bathroom being off their bedroom, the layout of this apartment may not be perfect. But if you’re looking for a great 1-bedroom with low monthlies in a prime location, this place is worth checking out.

Check out the listing at 485 Central Park West #2C, listed by Joan Kagan of Triplemint.