There are plenty of reasons to move up to Upper Manhattan, from the storied neighborhoods to the quieter lifestyle to the lower price tags. And speaking of lower price tags, if you’re looking for a 2-bedroom apartment in Manhattan under $500,000, it’s not impossible to find. Case in point: our Deal of the Week at 474 W 158th St. #31, a charming unit in a Washington Heights prewar building with tons of amenities.
The Price: $495,000
The median asking price for a home in Washington Heights was $575,000 this April according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced $80,000 less than the neighborhood median, and far below the borough median of $1.5 million.
Buyers who choose the 20% minimum down payment of $99,000 can expect to see monthly payments of $3,335. This includes a mortgage payment of $2,054 and a maintenance fee of $1,281.
Why You’ll Love It…
Upon entering this thoughtfully designed unit, you’ll walk down a long hallway containing two closets and the entrance to the bathroom, which features a basin sink, window, and soaking tub. Next you’ll pass the windowed kitchen, which is outfitted in exposed brick and ample cabinetry. There’s also plenty of counter space to prepare food, in addition to full-sized stainless steel appliances, including a dishwasher!
The unit has both a dining room and a living room, meaning you’ll have more than enough space for both a formal dining set and a place to lounge. Tall northeast-facing windows let plenty of light into the living area, which boasts picture-frame molding and gorgeous hardwood floors.
The primary bedroom can fit a queen bed and has a double-sized closet. The smaller bedroom can make a great guest room or office. It does not have a closet, but comes with a built-in cabinet for storage.
Located in a prewar co-op just across the street from Highbridge Park, this apartment has easy access to the C and 1 trains, as well as landmarks like the Washington Heights Library, Roger Morris Park, and the Morris-Jumel Mansion. The building is pet-friendly and has laundry, package, and bike rooms, storage units, and a communal garden.
… And Why You Might Not
This unit is located on the third floor of a walk-up building. Plus, the second bedroom doesn’t have a closet and it’s on the smaller side. But for the amount of space you get and all the amenities that come with it, it’s hard to beat this price!
Check out the listing at 474 W 158th St. #31, listed by Beth Gittleman of Compass.