murray hill 1br

A 20-foot living area helps this 1-bedroom feel wide open.

Murray Hill epitomizes the famous New York hustle and bustle, thanks to its location in east Midtown Manhattan. Living there comes with lots of perks, like classic neighborhood bars and easy access to transit. So what’s not to love about this neighborhood? Well, maybe the price point. That’s where our Deal of the Week comes in: 245 E. 37th St. #2A is a Murray Hill 1BR with lots of space, in a great co-op, with a great asking price by neighborhood standards.

The Price: $539,000

The median price for a 1-bedroom in Murray Hill is $729,000, compared to the median price for the borough of $850,000. That puts our Deal of the Week at about $200K less than the median asking price for the nabe.

Buyers who choose to put down the minimum 30% down payment of $161,700 can expect to see monthly payments of $2,933. This includes a mortgage payment of $1,810 and a maintenance fee of $1,123.

Why You’ll Love It…

Several prewar elements in this pet-friendly co-op apartment have stood the test of time, including the original tile in the bathroom. But there are updated elements as well, such as the Bertazzoni range and stainless steel appliances in the kitchen, and the “City Quiet” windows that block outside noise.

Space is not a problem here, either, as there are three closets — two of which are in the exceptionally large bedroom — with a foyer entrance and a separate dining room that leave the 20-foot living room free for actual living.

Location-wise, Grand Central is just a short walk away, so plenty of transportation options are easily accessible, in addition to the ferry at 34th Street. Trader Joe’s, Fairway, movie theaters, and plenty of restaurants and bars are all nearby too.

Manhattan 1BRs Under $750K Article continues below

… And Why You Might Not

In any city apartment, there’s bound to be something that feels a bit cramped. In this otherwise-open unit it’s the kitchen, which has a narrow galley-style setup. Additionally, the Queens Midtown Tunnel enters the city right across the street, which might get a little loud on the traffic front. Hopefully the City Quiet windows do the trick, because at this price point, this Murray Hill 1BR is definitely worth shortlisting.

Check out the listing at 245 E. 37th St. #2A, listed by Quinn Ferree of Compass.

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