Living in Midtown can be perfect for those who love the hustle and bustle and being near everything. Neighborhoods in Midtown East, like Murray Hill and Kips Bay, offer a more chill vibe than Midtown proper—and often lower prices, too. You can find steals like our Deal of the Week, 215 E. 24th St. #614, a 1-bedroom unit with a lofted sleeping area and tons of closet space.
The Price: $499,000
The median asking price for a home in Midtown East was $950,000 this June according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at a little over half the median asking price for the greater neighborhood!
Buyers who stick with the 20% minimum down payment of $99,800 can expect to see monthly payments of $3,468. This includes a mortgage payment of $2,350 and a maintenance fee of $1,118. It’s also far less than the median asking rent for Midtown East, which sat at $4,200 this June.
Why You’ll Love It…
You’ll find tons of storage space in this unit, thanks to three custom closets in the entryway and two closets upstairs in the queen-sized sleeping loft. The loft maximizes the unit’s livable space; for example, you could set up a work-from-home station underneath the stairs, as staged in the listing photos.
The whole unit feels bright an airy thanks to 12-foot ceiling heights in the living room and abundant light from the oversized windows and sliding doors. A Juliet balcony allows you to fully open the doors and let the outside in! Also on the first floor, the open kitchen features everything you need to cook a great meal and clean up afterward: full-size stainless steel appliances, including a dishwasher. The breakfast bar provides additional space for food prep and dining.
Located in a full-service building—that was once the home of an ice cream factory in the 1920s!—this unit has access to a 24-hour doorman, laundry on every floor, bike storage, and a common roof deck with views of the Chrysler Building and Empire State Building. There’s also on-site parking with discounted rates for residents, and additional rentable storage in the basement. Subletting is allowed after two years.
Transit is easy with the 6 train nearby, and the N, R, and W trains less than a half mile away. There are also lots of great eateries on the surrounding blocks such as Tipsy Scoop, attractions like the Gramercy Theatre, and conveniences like Target and Trader Joe’s.
… And Why You Might Not
Sadly, the building isn’t dog-friendly, although the listing says this rule might change in the future. Guarantors and pied-a-terres also aren’t allowed, so this unit won’t work for every type of buyer. And if you want some privacy between the bedroom and living area, you won’t find it here. But for those who love a loft, this is the place!
Check out the listing at 215 E. 24th St. #614, listed by Daniella Leon of Compass.