What’s better than owning your own place in Manhattan? Owning a place with its own private outdoor space! While a balcony or terrace can be great, there’s something to be said about having your own piece of land on the ground floor. Our Deal of the Week includes a huge backyard with a patio, all for under $500K. Here’s everything you need to know about 345 E. 52nd St. #1H, a studio co-op in Turtle Bay.
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Learn more about our Deal of the Week!
The Price: $499,000
The median asking price for a home in Midtown East was $1 million this January, according to the StreetEasy Data Dashboard. That puts our Deal of the Week at under half the median asking price for the greater neighborhood!
Buyers who put down the 25% minimum down payment of $124,750 can expect to see monthly payments of $3,812. This includes a mortgage payment of $2,462 and a maintenance fee of $1,350.
Why You’ll Love It…
You’ll enter this studio through a formal foyer, which also houses two walk-in closets (yes, two!) and the entrance to the all-white bathroom. You then step into the sleeping area, which features a built-in Murphy bed tucked away in custom wooden cabinetry that also provides additional storage. The main living area has a wall of matching built-ins with drawers, open shelves, and cabinets. And if that isn’t enough storage space for you, there’s an additional closet off the living area!
The windowed kitchen is somewhat separated from the rest of the living area, and includes ample storage in the form of floor-to-ceiling cabinetry. Also included is the NYC holy grail kitchen appliance: a dishwasher.
Obviously, we have to talk about the apartment’s main draw: the private outdoor space. Step into your own private oasis, which measures over 680 square feet! With a recently refinished patio, you truly have a perfect slate to create your backyard paradise — whether that includes furniture for entertaining, an outdoor kitchen, or a gorgeous garden.
This studio is located in a full-service, elevator co-op building with a 24-hour doorman, roof deck, laundry room, common storage, bike room, and garage. Pets are permitted, but if the backyard isn’t enough outdoor space for your dog, the Peter Detmold Dog Run is only a few blocks away, in addition to the East River Esplanade.
Also nearby are the E, M, 6, N, R, 4, 5, W, and 7 trains to accommodate just about any commute. You’ll never be short of restaurants to try, with options like The Smith, Gyu-Kaku Japanese BBQ, and 212 Steakhouse. Plus, Trader Joe’s and Morton Williams are located a few blocks north, so grocery shopping should be a breeze.
…And Why You Might Not
Overall, the home is quite dated, and will likely need some renovations and design work to bring it into the modern age. The kitchen is on the smaller side, and the fridge is definitely in an awkward spot that might make cooking a bit of a hassle. However, with so many amenities and private outdoor space, we have to say this one’s a steal!
Check out the listing at 345 E. 52nd St. #1H, listed by Eileen Foy and Ana Ozashvili of Douglas Elliman.
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