There’s something quintessentially Manhattan cool about the East Village, home to countless cultural institutions and restaurants as well as several parks. Also very cool? A loft-like apartment with a sleeping area and super high ceilings. If you’re on the hunt for something in this wheelhouse, take a look at 111 4th Ave. #3A. Our Deal of the Week is a modern architectural dream in a full-service building on the border of the East Village and Greenwich Village.
Learn more about our Deal of the Week!
The price: $775,000
The median asking price for a home in the East Village was $1.3 million this March, according to the StreetEasy Data Dashboard. That means our Deal of the Week is more than $500K below the median asking price for the neighborhood.
Buyers who put down a 20% down payment of $155,000 can expect to see monthly payments of $5,176. This includes a mortgage payment of $3,944 and maintenance fees of $1,232. Monthly payments are about on par with the median asking rent in the East Village, which was $5,100 this March.
Why you’ll love it…
The unit is anchored by a wall of east-facing windows measuring 10×10 feet, which drench the place in light throughout the day. Hardwood floors, black-and-white fixtures, and 13-foot ceilings create a modern and clean feel. Those high ceilings also mean the sleeping loft is tall enough to stand up in — no need to crawl in and out of bed. The second floor, accessible via a white metal and wood staircase, also has a huge closet that runs the length of the sleeping area. Downstairs, you’ll find three more sizable closets in the unit’s entryway.
The kitchen is open to the rest of the living area and has a full-size fridge, an oven, and a dishwasher for easy cooking and cleanup. An L-shaped counter creates a breakfast bar with seating for two, the perfect place to drink your coffee, entertain guests, or get some work done. The rest of the living area has enough space for both a couch and either a desk or small dining table.
The bathroom is located near the home’s entryway and boasts white tile walls, a tub/shower combo, and a spacious vanity. To top it all off, the unit has central A/C and heat. The apartment is also located in a full-service elevator building with a 24-hour doorman, a package room, parking, bike storage, roof decks, and a live-in super. Laundry rooms are on every floor, so you don’t have to worry about lugging a hamper up and down the building.
Location-wise, the building is right near The Strand Bookstore, Wegmans, Village East by Angelika, Irving Plaza, Union Square, and Stuyvesant Square Park. A slew of restaurants and bars are situated on the surrounding blocks, including Soothr, Pranakhan, McSorley’s Old Ale House, Mountain House East Village, and Veselka. An abundance of train options are nearby at Union Square, including the L, N, Q, R, W, 4, 5, and 6.
…And why you might not
While the building allows cats, it does not permit dogs. Some might also prefer an apartment with a true, walled bedroom, but it’s safe to say this home provides more space than many Manhattan studios. So if you’re looking to buy in the East Village and prioritize amenities and natural light, be sure to check this one out!
Check out the listing at 111 4th Ave. #3A, listed by Justin Stolarczyk of Brown Harris Stevens.
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