If you’re looking to buy in Manhattan, East Harlem is a great choice. The neighborhood is located just north of the Upper East Side and has easy access to Central Park and the museums that line Fifth Avenue. And unlike some parts of the UES, there are still great deals to be found here. Our Deal of the Week, 309 E. 105th St. #5N, is an East Harlem 2-bedroom with a large living space, low common charges, and a surprising price tag.
The Price: $489,000
The median price for a 2-bedroom apartment in Harlem overall is $925,000. That puts our Deal of the Week at about half the median price of the greater neighborhood.
Buyers who choose to put down the 20% minimum down payment of $97,800 can expect to see monthly payments of $2,562. This includes a mortgage payment of $1,731, common charges of $389, and taxes of $442. By comparison, the median rent for a Harlem 2-bedroom is $2,800.
Why You’ll Love It…
This apartment features an open floor plan that combines the living area, dining area, and kitchen. Big windows with several exposures, high ceilings, and hardwood floors create a bright and airy space. White cabinetry and countertops, in conjunction with new stainless steel appliances, keep the large kitchen looking sleek.
Both bedrooms have windows and a closet, and there is an additional closet outside the bathroom that’s perfect for linens or cleaning supplies. The bathroom also has a window and is outfitted in large white tiling.
No worries about finding a laundromat: The building offers common laundry facilities, in addition to bike storage. The 6 train is a quick walk away, as are an abundance of restaurants. And the Ward’s Island Bridge to Randall’s Island is also only two blocks away, providing a scenic walk or bike ride over the Harlem River.
Manhattan 1-2BRs Under $750K Article continues below
… And Why You Might Not
While this condo is a true 2-bedroom, the bedrooms are on the smaller side — the second bedroom in particular. But the real downside here is the condo’s location on the fifth floor of a walkup building. Get ready for some exercise! It’s a great amount of space at a great price, though, and well worth a virtual tour.