Lenox Hill 1BR

There are plenty of reasons to love Lenox Hill, including its proximity to Central Park, its great shopping, and its easy access to transit. Our Deal of the Week, 308 E. 73rd St. #2B, is a Lenox Hill 1BR with in-unit laundry and a luxe kitchen that lets you take advantage of all of those neighborhood perks — with an advantageous price tag to match.

The Price: $550,000

The median price for a 1-bedroom on the Upper East Side is $745,000, compared to a median of $850,000 for the entire borough of Manhattan. That puts our Deal of the Week at about $200,000 under the area’s median asking price.

Buyers who put down the 20% minimum down payment of $110,000 can expect to see monthly payments of $3,292. This includes a mortgage payment of $2,141 and a maintenance fee of $1,151.

Why You’ll Love It…

New floors, recessed lighting, high ceilings, and sunny windows give this home a spacious and polished look. A complete gut renovation has resulted in a fabulous kitchen with a wide, deep farmhouse sink, a chic herringbone backsplash, and sleek stainless steel appliances, including a dishwasher. And if that’s not enough of a luxury for you, there’s an in-unit washer/dryer tucked into the hall closet! The hall closet also has plenty of storage room for linens, with not one, not two, but three more large closets in the bedroom.

The unit is part of a pet-friendly prewar co-op with a live-in superintendent, with the Q train at 72nd Street less than half a block away and the F and 6 trains also in easy walking distance. Neighborhood conveniences abound, with countless eateries within the surrounding blocks, an Equinox just up the street, and Target a few blocks south.

Manhattan 1BRs Under $800K on StreetEasy Article continues below

… And Why You Might Not

Nothing’s perfect! This home is on the second floor of a walk-up building, so one flight of stairs is necessary to get there. It’s also a railroad-style layout, meaning it’s long and narrow, with the only windows at either end. The kitchen is great for cooking, but there isn’t quite enough room for a dining set — luckily, the breakfast bar should easily cover everyday dining for one or two people. Regardless, for anyone looking for a great apartment in a great location with laundry to boot, this Lenox Hill 1BR is definitely worth a look.

Check out the listing at 308 E. 73rd St. #2B, listed by Christine Toes Muldoon of Compass.

Inspired to find your next place in New York? Whether you’re looking to rent or to buy, search NYC apartments on StreetEasy.