Harlem often proves a more affordable option for those wanting to live in Manhattan, as well as being a hotbed for culture and history. East Harlem sits just above the Upper East Side and has great access to parks, restaurants and the East River. And there are still plenty of deals in the neighborhood, like our Deal of the Week: 306 E. 105th St. #3A is a sizable East Harlem 1BR with a wood-burning fireplace, a separate dining area and laundry in-unit, for cheaper than you might think.
The Price: $405,000
The median asking price for a 1-bedroom apartment in Harlem is $682,000, compared to Manhattan’s median asking price of $850,000. That puts this East Harlem 1BR at more than $200K under the median asking price for the neighborhood, and less than half the price for the borough.
Buyers who pay the 10 percent minimum downpayment of $40,500 can expect to see monthly payments of $2,655. This includes a mortgage payment of $1,726, common charges of $682 and monthly taxes of $247.
Why You’ll Love It…
This condo has about 665 square feet of space, which it uses wisely. The living room features an exposed brick wood-burning fireplace, as well as two large windows. It’s open to a gleaming white kitchen, which offers lots of cabinet space and a dishwasher, and adjacent to that is a separate dining nook with plenty of room for a full-size table and chairs. This space could also easily be used for a home office.
The bedroom has two more big windows and an extra-wide closet, and it’s large enough to fit a king-size bed. But the updated bathroom is home to the best amenity of all: Your very own washer/dryer. That means no hauling laundry to a laundromat, or even to a common laundry room! The condo is located in a pet-friendly building, and pied-à-terres are allowed.
Harlem 1BRs Under $750K Article continues below
… And Why You Might Not
We hate to be the bearer of bad news, but this is a walk-up building, so you’ll have to scale two flights of stairs to get to this third-floor unit. Transportation is not as convenient you might like, either: The nearest subway option (the 4/6 at 103rd Street) is two long avenue blocks away, and the next closest after that (the Q at 96th Street) is a walk of more than half a mile. Finally, while the bedroom has a nice big closet, that’s the only closet in the apartment, which might make storing cleaning supplies or coats difficult. But if you’re looking for a home with style at a great price, this is definitely one to consider.
Check out the listing at 306 E. 105th St. #3A, listed by Leah Panlilio of Hudson 3 Inc.
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