Every New York City unit has its perks and its drawbacks. You may love your unit’s dishwasher, but hate the four flights of stairs you have to take to get to it. Or you might love your apartment’s location, but hate its no-pets policy. That said, sometimes a unit comes along that checks off more boxes than it leaves blank: like 1787 Madison Ave. #514. Our Deal of the Week is a 1-bedroom unit in a full-service building in South Harlem.
The Price: $495,000
The median asking price for a home in South Harlem was $902,500 this March according to the StreetEasy Data Dashboard. That puts our Deal of the Week at a little over half the median asking price for the neighborhood!
Buyers who stick with the 10% minimum down payment of $49,500 can expect to see monthly payments of $3,252. This includes a mortgage payment of $2,438 and a maintenance fee of $814.
Why You’ll Love It…
Upon entering this unit, you’ll be greeted by a large foyer that can easily be used as a formal dining area. It’s even complete with a closet, perfect for linens, coats, or cleaning supplies. This area is open to the kitchen, which features a breakfast bar, and the spacious living room. The kitchen also has ample cabinetry for maximum storage. Appliances include a mounted microwave and a dishwasher.
The bathroom is located off the dining area and includes a shower, soaking tub, medicine cabinet, and sink with storage underneath. Speaking of storage, there’s even more in the bedroom, which features a large double-door closet! Like the rest of the apartment, the bedroom is soaked in light thanks to a south-facing window, and outfitted in hardwood parquet flooring.
To top it all off, this unit is located in an elevator building with a 24-hour attendant and live-in superintendent. In addition to bike storage and a laundry room, amenities include a renovated fitness center with Peloton bikes, a common courtyard with grills, a community garden, and a children’s play area. Plus, the building is pet-friendly and is located just a few blocks from Marcus Garvey Park and Central Park!
…And Why You Might Not
Some aspects of the unit are a bit dated, such as the appliances in the kitchen and the color scheme in the bathroom. There are only two windows in the apartment, although they’re well situated for maximum light. Pied-a-terres also aren’t permitted, meaning this won’t be perfect for all buyers. But if you’re looking for a primary residence in the heart of South Harlem, don’t pass up on this deal!
Check out the listing at 1787 Madison Ave. #514, listed by Karen D. Shenker of Compass.
