Imagine selecting a book off your bookshelf and sitting down to read next to an arched, oversized window overlooking a tree-lined Manhattan street. Well, that dream can be a reality for under $525K thanks to our Deal of the Week, 444 E. 58th St. #2D. This 1-bedroom unit is in a quintessential Sutton Place co-op, and there’s more to obsess over than those built-ins: like the well-equipped kitchen and building amenities.
Learn more about our Deal of the Week!
The Price: $515,000
Sutton Place sits on the border of Midtown East and the Upper East Side, which had median asking prices of $999,000 and $1.9 million this January, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at well below the median asking price for both neighborhoods.
Buyers who stick to the 20% minimum down payment of $103,000 can expect monthly payments of $4,065. This includes a mortgage payment of $2,680 and a maintenance fee of $1,385.
Why You’ll Love It…
Enter through a foyer and long hallway that provide the perfect entrance into the apartment, which has 10-foot ceilings and hardwood oak floors. Past the bathroom and kitchen, you’ll find a large closet for cleaning supplies, linens, or other storage. The living area is located at the far end of the unit, and there’s so much to love here! First off, the three arched windows let in plenty of light. On the adjacent wall, floor-to-ceiling custom built-in bookcases provide ample space to show off your library and knickknacks. The shelf even comes with a ladder so you can reach those high shelves.
The living area also has a dining alcove that’s large enough for a full-size dining set — and you’ll certainly want to host friends after seeing the kitchen. It’s galley-style and outfitted with full-size appliances including a dishwasher and Bertazzoni stove. Granite countertops offer lots of prep space, too.
The bedroom has a large closet in addition to a shelf that runs below the ceiling on two walls. This could be a perfect space to stow things you don’t need every day, like luggage or out-of-season clothing. The bedroom, kitchen, and bathroom all have windows, although they face what appears to be an airshaft.
Of course, we have to talk about the building and the location. The unit is located in a 1920 co-op, complete with an elevator and common laundry. Co-purchasing, guarantors, pied-a-terres, and subletting are all permitted. The building is located within a couple blocks of multiple parks, including Twenty-Four Sycamores Park and Sutton Place Park North. Trader Joe’s, Whole Foods, and Morton Williams are all nearby, in addition to great eateries, gyms, and bars.
…And Why You Might Not
One of this unit’s detractors is the high maintenance fee. Additionally, not everyone’s going to love the wallpaper used in most of the unit, although that can always be taken down. The building also does not allow dogs, unfortunately. The nearest subway is a half mile away, which isn’t awful, but could certainly be closer.
However, for a spot in an elevator building in such a central location, you’ll be hard-pressed to find a better deal — especially if you’re a book lover!
Check out the listing at 444 E. 58th St. #2D, listed by Martin Tabasso of Sotheby’s International Realty.
