Spring has sprung in NYC, and New Yorkers are looking to spend as much time outside as possible. And the only thing more enviable than a prime blanket spot in Central Park is private outdoor space connected to your unit. That dream doesn’t have to come with a seven-figure price tag — just take a look at 400 E. 77th St. #1H. Our Deal of the Week is a studio apartment in Lenox Hill with its own expansive garden space.
Learn more about our Deal of the Week!
The Price: $475,000
The median asking price for a home on the Upper East Side was $1.8 million this March, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at well below a third of the median asking price for the neighborhood!
Buyers who put down a 20% down payment of $95,000 can expect to see monthly payments of $3,583. This includes a mortgage payment of $2,557 and a maintenance fee of $1,026. There’s also an assessment of $214.18 in place through December 2027. But even with the additional assessment, the monthly payment is below the median asking rent on the UES, which sat at $3,975 this March.
Why You’ll Love It…
Of course, the most impressive thing about this unit has to be its private patio, which measures over 200 square feet. It’s the perfect size for a dining table, grill, and lounge chair, making it prime for both entertaining and relaxing. And for those with a green thumb, two sides of it are outfitted with planter boxes.
Inside the unit, you’ll find a fairly large living area with a built-in (queen-sized!) Murphy bed that can be tucked away when you need more space. There’s more than enough room for a couch and TV, plus a somewhat separate dining nook. Who said it was impossible to have it all when buying a studio?
Upon entry from the building’s hallway, you’ll be greeted by the kitchen on one side and a large walk-in closet on the other. The newly renovated kitchen has shaker cabinetry and quartz countertops, in addition to a full-size oven, fridge, and mounted microwave. There’s a glass-walled shower and tub combo in the bathroom, plus a spacious vanity and medicine cabinet.
Not only is the unit stellar, but the building it’s located in is also a winner, with a pet-friendly policy, live-in super, doorman, and professional building staff. There’s also a recently updated laundry room that offers 24/7 access. Storage and a garage are also on-site, but currently have a waitlist. Location-wise, the building is situated a block east of the Q train and close to great restaurants on 2nd Avenue like Boqueria, THEP, and Up Thai. Plus, John Jay Park and John Finley Walk are just down the street.
…And Why You Might Not
The unit’s tile floors might not be everybody’s cup of tea, but they do provide a unique look. And like most studios, the kitchen doesn’t offer much in the way of counter space, which can make cooking a bit difficult. However, if you’re looking for a home with private outdoor space and room for storage, be sure to check this one out!
Check out the listing at 400 E. 77th St. #1H, listed by Denae Montesi and Stephanie Harnisch of William Raveis Real Estate.
Thinking about buying in NYC? Chat with our complimentary, licensed Concierge to learn about the buying process.
