If you’re on the hunt for a 1-bedroom in Manhattan under $500K, it might seem like an impossible task. But sometimes you stumble upon a great unit that checks all the boxes, from pre-war charm to walk-in closets, like 626 E. 14th St. #8. Our Deal of the Week is an East Village co-op decked out in exposed brick and tin ceilings, with some modern upgrades to boot.
Learn more about our Deal of the Week!
The Price: $475,000
The median asking price for a home in the East Village was $1.2 million this June, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at well below half the median asking price for the neighborhood!
Buyers who put down a 20% down payment of $95,000 can expect to see monthly payments of $3,321. This includes a mortgage payment of $2,512 and maintenance fees of $809 — not bad by New York City co-op standards.
Why You’ll Love It…
From the moment you step into this second-floor unit, you’ll see it’s filled with charming vintage details like tin ceilings, intricate moldings, and exposed brick walls. The entryway leads to the kitchen, which includes all these features in addition to terra cotta flooring, butcher block countertops, and tile backsplash. But the kitchen has functional updates too, such as a suite of stainless steel appliances including a dishwasher and full-size fridge. There’s also an empty corner that works perfectly as a dining nook, complete with double exposures for a sun-drenched setting.
The living room features a unique chandelier, and is separated from the bedroom by wooden French doors with transom windows. Speaking of the bedroom, it can accommodate a king bed and has plenty of storage, thanks to built-in shelving and a walk-in closet! The bedroom also features exposed brick walls and two large windows, and original hardwood floors shine throughout this room and the living area.
There’s even more exposed brick in the windowed bathroom, though this time in a trendy whitewash. The original details lend an old-school vibe to the room, from the green-tiled tub to the black trim and fixtures.
Situated in a co-op just blocks from Tompkins Square Park, the unit has access to a live-in super, bicycle storage, private storage, shared outdoor space, and a virtual doorman system. Pets are allowed with board approval, in addition to parents buying, pied-à-terres, and gifting. Unlimited subletting is permitted after three years of ownership. In addition to the park, the unit is right near the L train and countless restaurants like Au Za’atar, Veniero’s Pasticceria & Caffe, Hanoi House, and Cafe Mogador. The convenient location is also just down the street from Trader Joe’s, Target, and Whole Foods.
…And Why You Might Not
The living area is on the smaller side and likely won’t fit much dining furniture, so the space in the kitchen will have to do. Though it’s a walk-in, there’s only one closet in the unit, so you’ll have to use it wisely. The building is a walk-up, but thankfully the unit is on the second floor. So if you’re looking to buy in the East Village for under $500K, this one should definitely make the shortlist!
Check out the listing at 626 E. 14th St. #8, listed by Jessica Rains and Ryan Edgette of Compass.
Thinking about buying in NYC? Chat with our complimentary, licensed Concierge to learn about the buying process.
