Studios provide a chance to own real estate in New York City for less than the cost of a 1-bedroom, but they often sacrifice space, storage, and convenience — and still at fairly high prices! But for under $500K, it’s possible to score a studio with plenty of character, like 312 W. 107th St. #2A. Our Deal of the Week is an Upper West Side studio with exposed brick, a working fireplace, a balcony, and a nifty sleeping and storage loft.
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Learn more about our Deal of the Week!
The Price: $485,000
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 under a third of the median asking price for the neighborhood!
Buyers who put down the 20% minimum down payment of $2,535 can expect to see monthly payments of $3,352. This includes a mortgage payment of $2,535 and a maintenance fee of $817.
Why You’ll Love It…
The main room of this studio is bursting with vintage charm, from the exposed brick walls to the curved far wall with 8-foot-tall bay windows. Plus, the wood-burning fireplace is functional! A Juliet balcony off this room adds a bit of private outdoor space, too. 11-foot ceilings allow for the inclusion of a sleeping and storage loft, which you can access via a true staircase — no need to scurry up a ladder here. The sleeping loft can accommodate a queen-sized bed, and has a storage area with plenty of room for luggage and out-of-season clothes.
Underneath the sleeping loft is the kitchen, which includes full-size stainless steel appliances, including a dishwasher! There’s enough room for a small dining table, plus the cabinets and pantry provide a good amount of storage space. You’ll find another closet in the entryway, plus one in the living area.
The unit is located on the second floor of a boutique co-op situated between Broadway and Riverside Park, perfect for those who like to get outside in nature during the warmer months. Just cross Riverside Drive and you’ll find Ellington in the Park, pickleball courts, and walking paths! The building has a laundry room in the basement and includes a common rooftop area. The 1, 2, 3, B, and C trains are all nearby, with the 1 train offering the most convenient commutes.
…And Why You Might Not
While this home is suitable for cat parents, it doesn’t allow dogs. Plus, the 3-foot ceilings in the sleeping loft aren’t ideal for taller inhabitants.
Still, for such a smartly designed studio in a stellar location, the price is hard to beat!
Check out the listing at 312 W. 107th St. #2A, listed by Rachel Melniker of Corcoran.
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