Looking for an apartment in Manhattan for under $500K? Better yet, an apartment in Manhattan for under $500K that’s not a studio? If so, know that it’s possible — and you’re in luck. Say hello to our Deal of the Week, 474 W. 158th St. #1. This Washington Heights co-op can be configured as either a 1- or 2-bedroom, and has plenty of windows letting in natural light.
Learn more about our Deal of the Week!
The Price: $350,000
The median asking price for a home in Washington Heights was $549,950 this December, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced about $200,000 below the median asking price for the neighborhood — which is even more impressive considering it’s a 2-bedroom!
Buyers who put down a 20% down payment of $70,000 can expect to see monthly payments of $2,880. This includes a mortgage payment of $1,825 and a maintenance fee of $1,055.
Why You’ll Love It…
The entrance to this unit is a small foyer, complete with a sizable closet and a door to the bathroom. The foyer then opens up to the living room, which has a great central location within the home, as well as beautiful hardwood floors and a large window. Open-arched doorways lead from the living room to both the kitchen and second bedroom, which could also be used as a dining room or office space.
Another perk of this apartment is that every single room has a window, including the bathroom and kitchen. Speaking of which, the kitchen has a full-size fridge and oven, plus cabinetry and open shelving for ample storage. The bathroom is outfitted in black-and-white floor tiles and white subway wall tiles. Paired with the wood tones on the vanity and shelves, it creates a classic yet modern aesthetic.
The unit is situated on an elevated first floor, meaning it doesn’t actually sit at street-level, but you don’t need to climb several staircases to get to it. The pet-friendly building has a live-in super, and allows both parents buying and pied-à-terres. Other amenities include a laundry room, private storage, bike storage, a package room, and a video intercom system.
What’s more, the building is located right near Highbridge Park, the Morris-Jumel Mansion, and Jackie Robinson Park. Nearby Amsterdam Avenue is lined with delis, shops, and restaurants, so you won’t have to go far for dining and other necessities. When you do need to leave the neighborhood, transit is a breeze with the C, 1, B, and D trains located within a few blocks.
…And Why You Might Not
The second bedroom doesn’t have a closet, meaning this apartment isn’t a “true” 2-bedroom, and it’s currently open to the living area through an arched doorway. However, that means that the apartment would also make a great 1-bedroom for those who want extra living space. The north-facing windows also won’t get as much light as south-facing ones would, but they’re great for those who don’t want direct sunlight during the day.
Check out the listing at 474 W. 158th St. #1, listed by Beth Gittleman and The Catalyst Team at Compass.
Thinking about buying in NYC? Chat with our complimentary, licensed Concierge to learn about the buying process.
