If the Upper East Side is your dream, but you’re on a budget, you’re in luck. This area’s cache, with easy access to Central Park and museums, doesn’t have to be out of reach. Our Deal of the Week, 301 E. 63rd St. #9A., is a Lenox Hill 1-bedroom with modern updates in a doorman building, for a remarkably low price tag. Check out the video walkthrough on the listing, and read on for more.

The Price: $325,000

The median asking price for a 1-bedroom apartment on the Upper East Side is $749,000, and for Manhattan overall it’s $849,999. That puts our Deal of the Week at less than half of the median asking price for both the neighborhood and the borough.

Buyers who put down the 20% minimum down payment of $65,000 can expect to see monthly payments of $3,122. This includes a mortgage payment of $1,348 and a maintenance fee of $1,774. By comparison, median rent for an Upper East Side 1-bedroom is $3,095.

Why You’ll Love It…

This much space in Manhattan at this price is virtually unheard of! This Lenox Hill 1-bedroom’s open living room boasts a huge triple window and ample space for a dining area in addition to couches and an entertainment set. The kitchen has been completely redone with cherry cabinetry, a fun tiled backsplash, and stainless steel appliances. French doors lead to the bedroom, which has two more windows and two custom closets separating it from the beautifully renovated bathroom.

The building, on 63rd Street & Second Avenue, has a full-time doorman and an elevator. Plus, there’s a laundry room, a bike room, and a roof deck for when you need a fresh-air break. There are plenty of options transportation-wise, with the F and Q trains just a block over and the N, R, W, 4, 5, and 6 less than a quarter mile away. Upper East Side mainstays like Bloomingdale’s and Serendipity 3 are also right nearby.

Manhattan 1BRs Under $700K on StreetEasy Article continues below

Kips Bay

200 East 24th Street

$535,000

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Lower East Side

577 Grand Street

$635,000

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Lenox Hill

55 East 65th Street

$675,000

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Manhattan Valley

210 West 103rd Street

$625,000

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Yorkville

439 East 88th Street

$695,000

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Lenox Hill

440 East 79th Street

$675,000

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Midtown

465 Park Avenue

$495,000

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Yorkville

425 East 86th Street

$579,000

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Midtown South

244 Madison Avenue

$499,999

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Upper West Side

336 West End Avenue

$599,000

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Lenox Hill

520 East 76th Street

$550,000

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Hudson Heights

736 West 186th Street

$460,000

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… And Why You Might Not

If you’re thinking an asking price this low must come with a catch, you’re not wrong. The maintenance fee here is definitely high — more than the monthly mortgage payment, in fact. But this isn’t a land-lease situation; the fees contribute to the building’s 2010 mortgage on the underlying land. For shoppers who thought a doorman building on the Upper East Side was beyond their means, this Lenox Hill 1-bedroom is a stellar find.

Check out the listing at 301 E. 63rd St. #9A, and contact a StreetEasy Expert on the listing for more information.

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Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.