The East Village is a classic downtown neighborhood for a reason. From the vendors on St. Mark’s Place to the countless beautiful prewar buildings, there’s an old-school New York charm that’s hard to overlook. Prices in the area have risen with its popularity. But fear not, there are still deals to be found! Our Deal of the Week, 125 E. Fourth St. #26, is an East Village 2BR with prewar details and modern upgrades.
The Price: $625,000
The median asking price for a home in the East Village is $992,500, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at more than $350K under the average price for the area.
Buyers who put down the 20% minimum down payment of $125,000 can expect to see monthly payments of $3,117. This includes a mortgage payment of $2,078 and a maintenance fee of $1,039. By comparison, the median asking rent in the East Village is $3,400.
Why You’ll Love It…
Throughout this East Village 2BR, you’ll find original hardwood floors that provide an old-school feel. Wide wooden moldings around the baseboards and windows also contribute to that vibe. The bathroom, which also sports a wood-framed window and classic subway tile, is truly where vintage look meets modern function.
The kitchen is also thoughtfully renovated with a modern spin. That includes stainless steel appliances and a dishwasher. Additionally, there’s space in front of the large kitchen window for an eat-in dining set. Each of the two bedrooms has at least one window and closet. And the primary bedroom’s windows overlook the Empire State Building! It doesn’t get much more Manhattan than that.
Finally, our Deal of the Week’s location is pretty hard to beat. It’s set in a prewar co-op complete with a laundry room and bike storage. And it’s surrounded by the countless cafes, bars, and restaurants that make the East Village buzz. (Don’t miss the nearby Blue Ribbon Fried Chicken!) St. Mark’s Place and Tompkins Square Park are just a few blocks away, too.
East Village Homes Under $700K on StreetEasy Article continues below
… And Why You Might Not
This East Village 2BR has plenty of windows, which is great. But the pair in the main bedroom seem to be the only ones that don’t face a brick wall — and one of them has locking bars over it. Plus, it is unfortunately a sixth-floor walkup. That’s a lot of stairs.