With the median asking rent in Manhattan soaring past $4,000 a month this June, now could be the time to consider buying. Thankfully, the borough still has some great studios at great prices, like 235 W. 102nd St. #16C. Our Deal of the Week is an Upper West Side studio located in a full-service building complete with a full-time doorman and elevator. Plus, the unit itself is a catch—we’re talking three closets and a dishwasher!
The Price: $385,000
The median asking price for a home on the Upper West Side was $1.8 million this June according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at less than one quarter of the median asking price for the neighborhood!
Buyers who stick with the 20% minimum down payment of $77,000 can expect to see monthly payments of $2,627. This includes a mortgage payment of $1,661 and a maintenance fee of $966. It’s also far below the median asking rent for the neighborhood, which hit $4,225 this June!
Why You’ll Love It…
Unlike many studios, this one has a separate kitchen, which means you won’t be preparing your food in the same room you’re sleeping. While the kitchen is small, it packs a big punch with a gorgeous blue backsplash and ample white cabinetry. Plus, it has a full-size fridge, oven, and dishwasher! There are also two closets outside the kitchen, one of which could easily be used as a pantry.
The bathroom is located off the entryway, which provides even more separation of space in this studio apartment. Outfitted in white subway tile, the bathroom provides the perfect place to relax and take a soak in the bath tub. Down the hall is the main living area, which contains original hardwood floors and beautiful moldings and beams. There’s more than enough room for different kinds of furniture, including a desk or dining table. Not to mention the walk-in closet connected to this room, bringing the studio’s closet total up to three!
Located in a full-service building, the unit is pet-friendly and accessible via elevator. There’s also common laundry, a full-time doorman, and a rooftop with a sun-soaked solarium. Additionally: co-purchasing, gifting, parents buying, subletting, and pied-a-terres are all allowed with board approval.
On top of the building’s quality amenities, it also has a superb location on the Upper West Side. The 1 train is less than 500 feet away for easy commutes downtown. Both Central Park and Riverside Park are nearby, in addition to great eateries like Flor de Mayo and Metro Diner.
… And Why You Might Not
While this studio is spacious, it’s safe to say studios aren’t for everyone. The kitchen is also on the smaller side, although home chefs will appreciate the stainless steel appliances. Lastly, there’s only one window in the whole unit and it’s north-facing, meaning you won’t get direct sunlight throughout the day. But if you’re looking for a stellar location with great amenities, be sure to check this UWS studio out!