The East Village screams “old-school New York” — and so does its housing stock. The prewar buildings in this neighborhood offer a touch of vintage charm alongside stellar locations to boot. But not as appealing are the price tags in the East Village, which often sit in the 7-figure range. Still, apartments like 216 E. 7th St. #6 prove you can have the best of both worlds. Our Deal of the Week is an East Village 1-bedroom in Alphabet City just a block from Tompkins Square Park.
Learn more about our Deal of the Week!
The Price: $699,000
The median asking price for a home in the East Village was $1.3 million this November, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at about half the median asking price for the neighborhood.
Buyers who put down the 20% minimum down payment of $139,800 can expect to see estimated monthly payments of $4,208. This includes a mortgage payment of $3,627 at a 6.75% interest rate and a maintenance fee of $581 — fairly low by Manhattan standards.
Why You’ll Love It…
There’s plenty to love here in addition to those super low monthlies. Upon entering the unit, you’ll be greeted by the kitchen and living room, arranged in an open floor plan. Exposed brick walls complement stainless steel cabinetry for an industrial-chic look. The kitchen is also decked out in white marble countertops and backsplash, plus open shelving. A butcher block counter peninsula offers seating for two in addition to more storage space.
The living area has two large windows, which are outfitted with new custom Roman shades. There’s enough room for two large couches, or a sofa and some armchairs, and the hardwood floors provide a timeless feel. The bedroom is located through a set of French doors, and features two more large windows for even more natural light. In addition to built-in shelving, the bedroom has the perfect spot for a desk, as seen in the listing photos.
Just outside the bathroom is a spacious walk-in closet for ample storage. The bathroom features an extra-long mirror and a shower/tub combo.
East Village Homes Under $800K On StreetEasy Article continues below
To top it all off, this unit is located in a building with storage, a bike room and common laundry. Its location is top-notch, tucked between Avenues B and C and near tons of cool bars, eateries and shops like Book Club Bar, Bobwhite Counter, Casa Adela, Ayat East Village, Clinton St. Baking Company, Au Za’atar, and Supper. Tompkins Square Park is only a block away, in addition to the numerous community gardens that speckle Alphabet City. The F, L, J, M, and Z trains are all within about half a mile, and the M8, M9, and M14D buses all stop on Avenue C.
… And Why You Might Not
Unfortunately, this unit is located on the third floor of a walk-up building. (But on the bright side, it’s not on the fifth floor.) There also isn’t a closet in the bedroom itself, and the large walk-in closet is the only proper closet in the unit. Lastly, the fridge is not full-size — such are the joys of living in New York City. But if you’re looking for a place in the East Village at a great price, look no further.
Check out the listing at 216 E. 7th St. #6, listed by Josh Felix and Bill Beauchamp of Corcoran.
Buying a home in NYC? Our complimentary, licensed Concierge will match you with a top buyer’s agent.
