The East Village may not be as frilly as its counterpart to the west, but it also boasts much lower prices than the West Village and many other Manhattan neighborhoods. So if you’re looking to buy in the East Village, consider the newly-listed 753 E. 5th St. #4C. Our Deal of the Week is a duplex that can be formulated as either a 1- or 2-bedroom, with two full bathrooms and an in-unit washer/dryer.
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Learn more about our Deal of the Week!
The Price: $750,000
The median asking price for a home in the East Village was $1.4 million this November, according to the StreetEasy Data Dashboard. That means our Deal of the Week is a little over half the median asking price for the neighborhood.
Buyers who put down a 20% down payment of $150,000 can expect to see monthly payments of $5,763. This includes a mortgage payment of $3,824, monthly taxes of $1,287, and common charges of $652.
Why You’ll Love It…
Upon entering this unit, you’ll be greeted by a hallway closet and the first of two full bathrooms before reaching the readily-equipped kitchen. With lots of cabinetry, the kitchen boasts plenty of storage space, in addition to full-size appliances such as a large oven and dishwasher. There’s even enough space for an island or bar, which could provide more space for food prep and a couple more chairs.
The rest of the living area has double-high ceilings and huge windows, giving the place a bright and open feel. The first bedroom is located off this space, and can be used as a living room or den depending on your needs. If used as a bedroom, the open kitchen and dining area can be used as the living room. This space also has a sliding door leading out to a private balcony!
Up the stairs is the second bedroom, which has its own en-suite full bathroom and closet. The room has a door between it and the staircase and a wall with a glazed window, so it’s not completely open to the floor below, but still receives light from the wall of windows.
Located in a pet-friendly condo building, this unit has through-wall A/C units and beautiful hardwood floors throughout. Location-wise, it’s just a couple blocks from both East River Park and Tompkins Square Park. Nearby Houston Street and Avenue C offer lots of great restaurants like Clinton St. Baking Company, Casa Adela, Bobwhite Counter, and Kefana. There’s also tons of great shopping in nearby SoHo.
…And Why You Might Not
While both bedrooms in this unit have closets and could easily be used as bedrooms, doing so might make the living area a bit tight. Plus, the closest subway stop is over a half mile away, which may not be everyone’s preference. However, there are several bus stops and Citi Bike stations nearby.
So if you’re looking to buy in the East Village, be sure to check this one out!
Check out the listing at 753 E. 5th St. #4C, listed by Omari Toomer of Corcoran.
Find more NYC homes under $800K on StreetEasy
