The Upper East Side is known for its great museums, fabulous restaurants, access to Central Park, and unfortunately, steep prices. However, it’s not all unattainable. Lenox Hill, the southern-most neighborhood of the UES, is a little cheaper than its northern neighbors. Our Deal of the Week at 328 E. 73rd St. #5A, is a Lenox Hill 1-bedroom with plenty of convenience and style, too.
The Price: $415,000
According to the latest StreetEasy Market Report, the median asking price for an apartment on the Upper East Side is $1,749,000. At $415K, our Deal of the Week asks less than a third of the median asking price.
Buyers who pay the minimum 20 percent down payment of $83,000 can expect to see monthly payments of around $2,580. This includes a mortgage payment of $1,718 (according to current rates) and a maintenance fee of $916.
Why You’ll Love It…
High ceilings and double exposures greet you in the living room where there is access to the bathroom and kitchen. The blue-tiled bathroom has newly renovated finishes and a freshly reglazed bathtub. All new stainless steel appliances, including a microwave and dishwasher, are found in the windowed eat-in kitchen. Doorless cabinets provide plenty of open-shelved storage, in addition to the separate pantry.
The bedroom, located at the back of the apartment, is large enough for a queen-size bed and other furniture. It also has two closets and two windows, plus a ceiling fan to keep the air moving during those warmer months.
The N and Q trains are just one block away at 72nd Street, and the express 6 train is a few more blocks away at 77th. The perks of the location don’t stop there, though: an Equinox gym, Sweetgreen, plenty of bars and restaurants, and great shopping are all within a few blocks’ walk. The beautiful Bohemian National Hall is also right across the street.
Not only does the building allow cats, but it also allows co-purchasing, parents buying, pied-à-terres, and sublets, making this the perfect apartment for buyers of all types. There’s also additional storage located in the building.
… And Why You Might Not
The listing doesn’t include the square footage, but by doing some math with the dimensions on the floor plan, we can see that this apartment clocks in at well under 500 square feet. Additionally, it’s a fourth floor walk-up — not a short trip to make everyday. But for those looking for a starter 1-bedroom or a great pied-à-terre, this place is hard to beat.
Check out the listing at 328 E. 73rd St. #5A, listed by Joseph Chaplin and Marie Espinal of Douglas Elliman.
