Finding a 2-bedroom apartment in Manhattan with in-unit laundry for under $1 million is practically as difficult as finding a needle in a haystack. That’s why we love our Deal of the Week so much. This East Village 2-bedroom not only has lots of space and charm, but its price tag sits at just $700K. And with its abundant exposed brick and 11 windows, it’s certainly a stunner! Here’s everything you need to know about 248 E. 7th St. #9-10.
Learn more about our Deal of the Week!
The Price: $700,000
The median asking price of a home in the East Village was $1.3 million this August, according to the StreetEasy Data Dashboard. That puts our Deal of the Week just a bit over half the median asking price for the neighborhood!
Buyers who put down the 20% minimum down payment of $140,000 can expect to see monthly payments of $5,213. This includes a mortgage payment of $3,797 and a maintenance fee of $1,416.
Why You’ll Love It…
Upon entering this unit, you’ll be greeted by a formal entryway and your first taste of the unit’s overall charm, thanks to its original hardwood floors, high ceilings, ornate lighting fixtures, and stained glass doors and windows. A wooden archway leads to the open kitchen and living area, which is outfitted in exposed brick walls, wood paneling, and exposed ceiling beams that give the place more of a cabin-in-the-woods feel than a downtown Manhattan vibe, but we’re here for it! The kitchen includes a gorgeous tiled peninsula that would work perfectly as a breakfast bar or food prep station. This room also houses the in-unit, stacked washer and dryer.
The living area features four oversized windows along one wall facing northeast. However, the 11 total windows in this apartment cover all four exposures, so you’ll get a little of every kind of light. The living area has a nook that could easily accommodate a dining table.
The largest bedroom can fit a king-sized bed in addition to other furniture. Plus, it has a walk-in closet, currently outfitted as a work-from-home area — which works well considering the closet’s two windows. The second bedroom has ample built-in storage.
Located in a pet-friendly building in heart of the East Village, this apartment has easy access to Tompkins Square Park and East River Park, in addition to the beautiful 6BC Botanical Garden. Great restaurants and bars like Bobwhite Counter, San Loco, and Kafana are all within a few blocks as well. Co-purchasing, pied-a-terres, gifting, and guarantors are all allowed.
…And Why You Might Not
Unfortunately, this unit does have pretty high maintenance fees, and is located on the third floor of a walk-up building. It may need some renovations depending on how modern your taste is, and it’s more than a half mile away from any subway lines. Although the primary bedroom does have a walk-in closet, the mirrored partition separating it from the living room is a temporary wall. The second bedroom is also on the smaller side.
However, with so much unique charm and great amenities for the price, this one’s a must-see!
Check out the listing at 248 E. 7th St. #9-10, listed by Kay Moon of Corcoran.
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