A charming and sophisticated pocket of downtown Manhattan, the West Village offers beautiful tree-lined streets and quality shopping and dining. And as usual for neighborhoods with these perks, its real estate has price tags that soar past those of the greater borough. But there are great units in the West Village for well under average prices — just take a look at 88 Horatio St. #3B. Our Deal of the Week is a studio apartment in the heart of the West Village with a walk-in closet, decorative fireplace, and whitewashed exposed brick.
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Learn more about our Deal of the Week!
The Price: $495,000
The median asking price for a home in the West Village was a whopping $2 million this July, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced below a quarter of the median asking price for the neighborhood!
Buyers who put down the 20% minimum down payment of $99,000 can expect to see monthly payments of $3,564. This includes a mortgage payment of $2,579 and a maintenance fee of $985. Monthly payments are far below the West Village’s median asking rent of $5,000!
Why You’ll Love It…
This studio is south-facing, meaning its tall windows in the main living area let in lots of light throughout the day. In addition to the two large windows, this open-concept room is flanked by a gorgeous whitewashed exposed brick wall, plus a decorative fireplace that currently serves as extra shelving. The room has enough space for a full-size bed and additional furniture, whether you prefer extra seating or a work-from-home station. Hardwood floors round out the sophisticated yet vintage feel.
The kitchen has stainless steel appliances, including a mounted microwave, a full-size oven, and a dishwasher. A long kitchen island provides additional food prep space as well as breakfast bar seating — a must for a studio where every space demands several functions!
Another must for any small space, the unit also has a large closet with built-in shelving. The bathroom has its own window, a full bathtub, and an extra wide mirrored medicine cabinet.
This apartment is situated in a pet-friendly co-op building that allows co-purchasing, gifting, and parent-assisted purchases. It also has a beautiful and spacious common garden for relaxing with neighbors and friends. Location-wise, it’s right near the Whitney Museum, Pier 51 at Hudson River Park, and the best shopping and dining the West Village has to offer.
…And Why You Might Not
The kitchen currently has a half-height fridge, which allows for more counter space, but sacrifices on food storage. The building doesn’t appear to have an elevator or laundry room, which can be big sacrifices. However, the unit is located on the third floor, and there are several laundromats in the neighborhood.
For under $500K in the West Village, we say this one is definitely worth checking out!
Check out the listing at 88 Horatio St. #3B, listed by Beatriz Moitinho and Matthew McCarty of Serhant.
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