For those who want to live uptown but have easy access to downtown, outdoor space, and attractions, Morningside Heights is not to be overlooked. This neighborhood’s sale prices are rising a bit, but staying well below the median prices in Manhattan. That’s why we picked 31 Tiemann Pl. #52 as our Deal of the Week. It’s a recently renovated 2-bedroom with well below the median asking price and has charm galore.
The Price: $545,000
The median asking price for an apartment in Morningside Heights is $795,000, according to the latest StreetEasy Market Report. That puts our Deal of the Week at $250,000 less than the median asking price for the neighborhood.
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Buyers who pay the 20% minimum downpayment of $109,000 can expect to see monthly payments of $2,730. This includes a mortgage payment of $2,066 and a maintenance fee of $664.
Why You’ll Love It…
First off, this apartment is a true 2-bedroom, meaning each bedroom has both a closet and a window. And as an added bonus, the bedrooms are located on opposite ends of the unit. One bedroom opens via French doors, providing an upscale, elegant look.
In between the two bedrooms is the open living area and kitchen. With high ceilings, big windows, and light-colored hardwood floors, the space feels open and bright. The kitchen is also completely outfitted in white: sleek cabinetry and countertops, dishwasher, and fridge.
The bathroom is also completely white, continuing the clean look. The walls are outfitted in subway tile, and there is a large vanity as well.
This apartment is located in The Edgewood, a six-story elevator building right off Broadway. Pied-à-terres are allowed and sublets permitted after one year of ownership. Plus, there’s a new laundry room in the building, in addition to a pet-friendly policy.
The building is located right near Riverside Park, Sakura Park, Columbia University, and plenty of great eateries and shops. The 1 train stops right across the street, and the A, C, B, and D trains are all within walking distance.
… And Why You Might Not
While the kitchen has been recently updated, it’s very small and it does not have the coveted stainless-steel appliances. Additionally, the living area isn’t incredibly spacious, so either the dining furniture or living furniture will have to be sacrificed. But for a top-tier apartment with a stellar price, this one’s worth keeping on the shortlist.
Check out the listing at 31 Tiemann Pl. #52, listed by Bruce Robertson of Compass.
Upper Manhattan 1-2BRs Under $650,000 Article continues below
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