Once the center of New York City’s punk rock scene, the East Village is now a bustling neighborhood full of great eateries, nightlife, and parks. While prices in the East Village are still lower than those in its counterpart to the west, it can still be hard to find apartments below the 7-figure range. That’s why we’re featuring 636 E. 14th St. #18 as our Deal of the Week. This large alcove studio has tons of built-in storage, exposed brick, a murphy bed, and even a basin tub in the bathroom!

The Price: $565,000

The median asking price for a home in the East Village was $1.1 million this August, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at about half the median asking price for the neighborhood!

Buyers who stick with the 20% minimum down payment of $113,000 can expect to see monthly payments of $3,660. This includes a mortgage payment of $2,899 and a maintenance fee of $761 (not bad maintenance fees by NYC standards!).

Why You’ll Love It…

Where to start with this gorgeous unit? We love the whitewashed exposed brick throughout, the original hardwood floors, window headers, and 11-foot ceilings. But there’s even more to love when you look closer: ceiling speakers in each room, dimmable overhead lights — the list goes on and on! 

While this apartment is an alcove studio, there are separate living areas throughout the unit. The living area features two large northeastern-facing windows and more than enough room for seating furniture. It also flows into the kitchen, outfitted with lots of counter space and full-size stainless steel appliances, including a dishwasher! There’s also tons of built-in cabinetry next to the fridge for all your pantry needs.

Behind the kitchen is the sleeping area, which is more than just a simple alcove. Built-in storage provides not only closet space but an integrated murphy bed! This allows you to pull the bed down at night and put it up when you need it out of the way.

Lastly, there’s the bathroom tucked behind sliding frosted glass doors. This spacious bath has a freestanding tub, a vanity, and a built-in lounge bench. There’s also a window for extra light.

Of course, this unit isn’t just great on the inside — it also has an awesome location. It belongs to a pet-friendly co-op with bike storage, a live-in super, and a common backyard. The building is located on a tree-lined block just two blocks from the L train. Target, Trader Joe’s, and Tompkins Square Park are also just two blocks away!

…And Why You Might Not

The bathtub doesn’t have a shower fixture, so you may need to install one or get creative about your bathing habits. The building doesn’t have laundry, but there are two laundromats just down the street. And lastly, this unit is in a five story walk-up, but it’s not clear what floor it’s on.

Check out the listing at 636 E. 14th St. #18, listed by Kat Bentley of Nest Seekers International.