image of hamilton heights 2br

This Hamilton Heights 2BR comes with a fresh renovation and plenty of building amenities.

Upper Manhattan, a more affordable alternative to downtown and midtown Manhattan, has seen steep price increases over the last few years. But there are still affordable gems to be found. Take our latest Deal of the Week, at 435 Convent Ave. #55. It’s a prewar 2-bedroom co-op in Hamilton Heights with lots of charm and convenience priced significantly below the neighborhood average.

The Price: $535,000

According to the latest StreetEasy Market Reports, the median asking price in Hamilton Heights is $785,000 — a 57 percent increase from last year. With prices on the rise, our Deal of the Week is sitting pretty at $250,000 under the median.

Buyers who put down the minimum 20 percent down payment of $107,000 can expect to see monthly payments of about $3,096. That includes a mortgage payment of $2,181 and the monthly maintenance fee of $915. By New York City standards, that’s a pretty good maintenance fee.

Why You’ll Love It …

When talking about this apartment, it’s hard to start with anything but the kitchen. The newly renovated cooking area features granite countertops and a peninsula separating it from the living room. There’s plenty of counter space, in addition to new, stainless-steel appliances.

The bathroom has also been renovated recently and includes white subway tile. There are new hardwood floors throughout the apartment, including in the spacious living room and foyer.

The master bedroom has a fireplace, and while it’s only decorative, it’s definitely beautiful. Other prewar charms, like the crown moldings, offer a classic touch. There’s also a huge window in the master bedroom, providing plenty of light and great views of the neighborhood.

Speaking of the neighborhood, the apartment is centrally located in the Hamilton Heights/Sugar Hill area, right near parks, gardens, restaurants, bars, theaters, and cafes. The A, B, C, D and 1 trains are all nearby, too.

The building includes a spread of convenient amenities, including a laundry room, bike room and elevator. The apartment also comes with its own private storage unit. Cats are allowed, as are co-purchasing, gifting, and pied-à-terre use.

… And Why You Might Not

Those wary of a more substantial commute downtown may find that this place isn’t for them. Still, the unit is located near two express train lines, so the trip to Midtown is doable in 25-30 minutes. And while it appears there’s a walk-in closet in the unit, its placement is rather odd: It appears that only a built-in closet truly separates it from the larger bedroom (and the main closet is in the second bedroom, which is currently configured as a fashion studio). But creating a more substantial division between the two rooms probably wouldn’t be too hard.

Check out the listing at 435 Convent Ave. #55, listed by Harry DiOrio and Laura Blum of Compass.

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