Do the new lower prices in Manhattan have you dreaming about buying in the borough? We’ve got just the deal for you. It’s rare enough here to find a true 2-bedroom at a great price, much less one that’s also in a great neighborhood. But that’s just what you’ll find at 98 Suffolk St. #3D. This Lower East Side 2BR gem is within the hustle and bustle, but also a short walk to water views and park paths. Best of both worlds, right?
The Price: $595,000
The median asking price for a home on the Lower East Side is $999,999, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at a little over half the median asking price for this always-hot neighborhood.
Buyers who put down the 20% minimum down payment of $119,000 can expect to see monthly payments of $2,910. This includes a mortgage payment of $2,148 and a maintenance fee of $762 (very low for NYC!).
Why You’ll Love It…
Each bedroom in this Lower East Side 2BR is big enough for at least a queen-size bed, and each has its own closet. But it gets even better: a smart layout places the bedrooms on opposite ends of the apartment for maximum privacy. The bigger one, with two large windows, is divided from the living area by a reclaimed wood partition with a sliding pocket door. This super-stylish design element features strategically placed frosted glass, and it also doubles as a bookshelf. Nifty!
While exposed brick and wood finishes give this place an old-school feel, it’s new where it counts: the bathroom and the kitchen. In the bathroom, you’ll find a stall shower outfitted in sleek bauxite tile. And the handsome kitchen is totally ready for your wildest cooking dreams. It’s complete with plenty of storage and stainless steel appliances, including a dishwasher. A long peninsula provides a perfect meal-prep surface, in addition to being a great place for a couple bar stools.
To top it all off, our Deal of the Week is a sponsor unit. So there’s no co-op board approval hassle. Plus there’s laundry in the building, and it’s located right near the fantastic Essex Market.
Manhattan Homes Under $650K on StreetEasy Article continues below
… And Why You Might Not
Windows are a bit sparse in this Lower East Side 2BR. The bedrooms have them, but the living room does not. (Hence the glass partition.) The kitchen window seems to face an airshaft, though it has a nice deep sill that might make a good spot for plants. Sadly, this place is also a walkup. But it’s only on the third floor, so things could certainly be worse.
Check out the listing at 98 Suffolk St. #3D, and contact a StreetEasy Expert on the listing for more details. (StreetEasy Experts are agents with proven experience in a particular building or area.)
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.