Greenpoint has recently seen prices that rival its neighbor to the south, Williamsburg, for quite some time. But that doesn’t mean finding an apartment in this industrial-chic neighborhood for less than seven figures is impossible. Homes like 169 Eagle St. #1A prove that you can have it all, including a location by the water, for just a fraction of the neighborhood (and borough) average. Our Deal of the Week is a 1-bedroom duplex with a modern kitchen, in-unit laundry, and lots of natural light.
Learn more about our Deal of the Week!
The price: $660,000
The median asking price for a home in Greenpoint was $2 million this February, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at well below half the median asking price for the neighborhood!
Buyers who put down a 10% down payment of $66,000 can expect to see monthly payments of $5,138. This includes a mortgage payment of $3,946, common charges of $583, and taxes of $609. A 20% down payment of $132,000 brings monthly payments to $4,699, well below Greenpoint’s median asking rent of $4,900.
Why you’ll love it…
Situated in a newly built seven-unit building, this condo boasts three large floor-to-ceiling south-facing windows that drench the space in light throughout the day. Wide-plank oak hardwood floors throughout the space offer a clean feel and perfectly complement the all-black railings and windows. Buyers will also love the modern amenities like central air conditioning and an in-unit washer/dryer.
You’ll enter the unit into the open living area and eat-in kitchen, which also includes the entrance to the bathroom and a closet. The kitchen has an upscale monochrome palette with white Caesarstone countertops and multi-tone cabinetry, including white, two tones of gray, and wooden open shelving. A full suite of stainless steel appliances including an oven, range with hood, dishwasher, and full-size fridge make both cooking and cleanup a breeze.
Down a flight of stairs you’ll find the bedroom, which can easily accommodate both a king-sized bed and a desk. The room can be situated many different ways to best maximize its square footage. This room also has two closets, one of which houses the stacked washer/dryer.
The bathroom is located upstairs and features a floating vanity, plus matching white stone floors and walls. A black herringbone tile wall in the shower provides a nice contrast. The tub/shower combo has a glass wall rather than a shower curtain, providing a sleek and contemporary feel.
Location-wise, this apartment is super conveniently situated less than a quarter mile from the G train stop at Greenpoint Avenue. For more options, the LIRR at Long Island City, the ferry at India Street Landing, and the 7 train at Vernon Boulevard-Jackson Avenue are within a half mile. Lots of eateries like Wenwen, Radio Bakery, Glasserie, and Milk & Roses are nearby, and to top it all off, the building is located near both the East River and Newton Creek waterfronts.
…And why you might not
This is a first-floor/basement unit, which won’t be everyone’s first choice. It does appear that the windows on the ground floor face the back of the building, not the street. The combined living and kitchen area isn’t the most spacious, and may not have enough room for both a full-size dining set and sofa. Lastly, the lower level doesn’t have any windows, but it may get natural light from being open to the living area above. So if you’re interested in a modern condo in Greenpoint, look no further!
Check out the listing at 169 Eagle St. #1A, listed by Annika Grove and Greg Mire of Compass.
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