Secluded at the very top of Manhattan, Inwood has the charm of a small town while being easily accessible to downtown via express trains. It’s also one of the more affordable neighborhoods that Manhattan has to offer, and a great place to look for relatively cheap NYC rentals. But there are sales steals to be found here, too. Our Deal of the Week, 270 Seaman Ave. #B1, is an Inwood 1BR that’s practically surrounded by parks, with a separate space that can be used as a home office, nursery, or formal dining room.
The Price: $350,000
The median asking price for an apartment in Inwood is $499,000, according to the latest StreetEasy Market Report. That puts our Deal of the Week at about 30 percent less than the median asking price for the neighborhood. By contrast, the median asking price for a 1-bedroom in Manhattan overall is $849,000!
Buyers who put down the 20% minimum down payment of $70,000 can expect to see monthly payments of $1,847. This includes a mortgage payment of $1,368 and a maintenance fee of $479 (quite low by NYC standards).
Why You’ll Love It…
A 1-bedroom in Manhattan for $350K is practically unheard of! And this spacious Inwood 1BR is a good one, too, with hardwood floors, lofty ceilings, and tons of closet space. The living area is big enough accommodate a dining set, and there is also a separate space between the living room and the kitchen that can be used as a formal dining room, a home office, or a nursery.
The kitchen is outfitted in stainless steel appliances, including a dishwasher, and food prep will be a breeze on the long granite countertops. The bedroom can fit a king-size bed plus furniture and even has double closets, making it perfect for a couple.
The apartment is located in a prewar elevator building that sits just on the edge of beautiful Inwood Hill Park. Several other parks and playgrounds are within walking distance, too, so a long walk by the water is never far away. And downtown commutes are easy with the 1 and A express trains, which both stop nearby.
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… And Why You Might Not
If you want to live in the heart of Manhattan, Inwood is not it. If you work all the way downtown, the commute can be a hike. And the kitchen in this Inwood 1BR, while well appointed, is a little awkward in shape. If you’re looking for an open floor plan, the two pass-through windows might not cut it. But on the upside, you’ll have plenty of green space nearby, and the price? Unbeatable.
Check out the listing at 270 Seaman Ave. #B1, and contact a StreetEasy Expert on the listing for more information.
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