Ever wanted to live on the Lower East Side? This eclectic and unique neighborhood offers a mix of housing options, from old-world tenement buildings to luxury high rises with tons of amenities. But you can still find something in the middle — like 457 FDR Drive #A802. Our Deal of the Week is located in an elevator building right near East River Park and has tons of new upgrades, including a dishwasher!
Learn more about our Deal of the Week!
The Price: $589,000
The median asking price for a home on the Lower East Side was $1.5 million this April, according to the StreetEasy Data Dashboard. That puts our Deal of the Week’s price at a little over a third of the median asking price for the neighborhood!
Buyers who make the 20% down payment of $117,800 can expect to see monthly payments of $4,076. This includes a mortgage payment of $3,084 and a maintenance fee of $992. It’s also less than the median asking rent in LES, which was $4,295 in April.
Why You’ll Love It…
This apartment is big on space, both for living and storage. Upon entering the unit, you’ll find a large walk-in closet, a foyer, and an open living area and kitchen. There’s more than enough room for living and dining furniture, although the room is currently staged with a bed and a desk. But with such an expansive dining bar, you might not need a dining table! It serves as the perfect place to entertain, prep food, or work from home.
And that’s far from the only great thing about the kitchen, which is outfitted with Silestone counters, green mosaic tile backsplash, and white cabinetry. The collection of stainless steel appliances includes a dishwasher, microwave hood, and a double-door fridge. Also in the living area is a four-window banquette with a custom built-in window seat, bringing lots of light into the space.
Down the hall, you’ll find another closet(!) and a newly renovated and windowed bathroom. The bathroom uses some of the same tile as the kitchen and also has a jacuzzi-style tub for the ultimate relaxing experience. Lastly, the bedroom has another closet and large windows facing both north and west.
This unit is located in an elevator building with a gym, 24-hour lobby attendant, and common laundry. It’s just feet from East River Park and Corlears Hook, so you’ll never be far away from green space (and the ferry!). There are four bus lines nearby for easy transit. Trader Joe’s, Essex Market, and lots of restaurants are also nearby.
…And Why You Might Not
The all-white tile floors are bound to be hit or miss depending on who you ask — and they’re in every room of the unit. And unfortunately, the building doesn’t allow dogs. While the location is pretty stellar in terms of access to parks, the closest subway stop (the F, J, M, and Z at Delancey and Essex) is over a half-mile away. Plus, FDR Drive and the Williamsburg Bridge might get a bit noisy.
Still, for this much space and great renovations at this price, it should be on your list of apartments to see on the Lower East Side!
Check out the listing at 457 FDR Dr. #A802, listed by Neal Young and Jeremy Bolger of Brown Harris Stevens.
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