For many, making a move uptown or to an outer borough is a sure way to find more affordable apartments. That’s why this deal is hard to believe: A Manhattan true 1-bedroom for under $300K. And, it has a walk-in closet! This apartment at 478 W. 158th St. #33 is a real, market-rate apartment — not income-restricted, which is why we chose it as our Deal of the Week.
The Price: $275,000
According to the latest StreetEasy Market Reports, the median recorded sales price for apartments in Washington Heights is $442,145, which means our Deal of the Week is 38% less than the average for apartments sold in this neighborhood.
And, buyers who pay the minimum 20 percent down payment of $55,000 for a 30-year loan can expect to see monthly payments of around $1,719. This includes a mortgage payment of $1,050 and a maintenance fee of $629. For reference, the median asking rent for the neighborhood is $2,150.
Why You’ll Love It…
This apartment has 9.5-foot ceilings and light hardwood floors and with its tall windows, there is plenty of light and airiness throughout. The apartment features a separate eat-in kitchen, which has a lovely, big window.
The bathroom is situated in between the kitchen and the living room, and has a soaking tub. There is a small window and the walls are wrapped in classic white subway tile. The bedroom is on the other side of the living room and has a spacious walk-in closet.
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Situated in the Roger Morris Co-op, this apartment has a live-in super, access to a common laundry room, and common garden area. Extra storage and bike storage are both available for a fee. Plus, the building is pet-friendly and allows parents buying, co-purchasing, gifting, and pied-à-terre use.
Location-wise, the apartment is just across the street from Highbridge Park, and just across the river from Yankee Stadium. The C train is within 0.15 miles and the 1 and B trains less than a quarter mile.
… And Why You Might Not
The apartment isn’t incredibly spacious. Other than the walk-in closet in the bedroom, there isn’t any other closet space. Additionally, this is a third-floor walk-up, which is not terrible, but it is a walk-up. But for those looking for a starter 1-bedroom at a fraction of the usual NYC cost – especially in Manhattan — make sure this one is on your list.
Check out the listing at 478 W. 158th St.#33, listed by Jane Calvin of Compass.
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