The Upper East Side is host to a wide variety of housing stock, and is divided into smaller neighborhoods such as Lenox Hill, Yorkville, and Carnegie Hill. Lenox Hill, the neighborhood’s southernmost part, is also home to some of its more upscale housing and attractions, like Fifth Avenue and Museum Mile. But even on the blocks closest to Central Park, you can find some great housing deals, like 55 E. 65th St. #4C. Our Deal of the Week is a Lenox Hill 1-bedroom pre-war unit, located in an elevator building just two blocks from the park.
Get to know our Deal of the Week.
The Price: $575,000
The median asking price for a home on the Upper East Side was $1.7 million this October, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at just about a third of the median asking price for the greater neighborhood!
Buyers who put down the 30% minimum down payment of $172,500 can expect to see monthly payments of $3,848. This includes a mortgage payment of $2,561 and a maintenance fee of $1,287. Total payments are below the UES’ median asking rent, which was $4,200 this October.
Why You’ll Love It…
Upon entering the unit you’ll be in the kitchen, which is decked out in marble countertops and backsplash and brass hardware. Custom blue floor-to-ceiling cabinetry offers plenty of storage space along with a modern and fresh look. In addition to a hooded oven, the floor plan denotes a refrigerator and a dishwasher: the holy grail of Manhattan living.
You’ll find new herringbone hardwood floors and 10-foot ceilings throughout the apartment, providing a polished and lofty feel. The living room is open to the kitchen and has two windows, and is spacious enough for a small dining set in addition to a couch or sectional. Timeless French doors with glass panels separate this room from the bedroom, which is also generously sized and has its own east-facing window. This room also has a double-door closet with an overhead storage compartment, which can be for less-used items or seasonal storage.
The kitchen isn’t the only space where you’ll find marble in this unit; the bathroom also has elegant marble floors in a classic grayscale. Gold-toned fixtures, an extra-wide medicine cabinet, and a rainfall shower round out this room.
Located in a pet-friendly, pre-war co-op building, this unit has access to a laundry room, elevator, live-in super, and additional storage (subject to availability). But the location is the crown jewel: just two blocks from Central Park between Park and Madison Avenues. Restaurants like Daniel, Cafe Boulud, Le Botaniste, Match 65 Brasserie, and Bar Italia are located on nearby blocks, in addition to great shopping and Museum Mile. No matter your commute, transit is simple with the F, Q, N, R, W, and 6 trains a stone’s throw away.
…And Why You Might Not
This home only allows 70% financing, so a larger down payment is required as compared to other options in the same price range. There’s only one closet in the unit, the one in the bedroom, so there isn’t much in the way of coat or linen closets. Pied-à-terres are also not allowed. But for those looking for a home very close to Central Park, be sure to check this one out!
Check out the listing at 55 E. 65th St. #4C, listed by Scarlett Nawrocki and Steven Cohen of Corcoran.
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