Washington Heights has become a popular neighborhood for those seeking out lower prices and lots of green space, without leaving Manhattan. If you’re intrigued by this uptown area, sandwiched between Riverside Park and Highbridge Park, check out our Deal of the Week. This Washington Heights 1BR, 515 Edgecombe Ave. #33, has an airy, open layout perfect for soaking up sunlight. It even directly faces a historic green space, for an absolutely unbeatable price.
The Price: $370,000
The median asking price for a home in Washington Heights is $595,000, according to the StreetEasy Data Dashboard. That’s already one of the lowest medians on the island, and our Deal of the Week is more than $200,000 below it.
Buyers who put down the 20% minimum down payment of $74,000 can expect to see monthly payments of $1,917. This includes a mortgage payment of $1,216 and a maintenance fee of $701 — very low by NYC standards. By comparison, the median asking rent on a home in the neighborhood is $2,125.
Why You’ll Love It…
Location is one big reason to love this Washington Heights 1BR. This building directly faces Coogan’s Bluff, a historic section of Highbridge Park that overlooks the Harlem River. The apartment has leafy park views from every window! There is lots more green space within walking distance, too, and the landmarked Morris-Jumel Mansion is just a short stroll away.
Another crucial feature about our Deal of the Week? In-unit laundry. Your very own washer/dryer is tucked into a closet right next to the bathroom. But it gets even better — this unit also boasts a dishwasher! The kitchen is bright and cheerful, with butcher-block counters and a big farmhouse sink. An island creates a perfect place to eat, or even a work-from-home station.
Light hardwood floors, high ceilings, and lots of windows make the living room feel wide open. And the bedroom has plenty of room for other furniture besides a bed. Plus, it has its own walk-in closet!
Manhattan Homes Under $500K on StreetEasy Article continues below
… And Why You Might Not
Like many of the more affordable buildings in Manhattan, this one is a walkup. However, this Washington Heights 1BR is only on the third floor, and you won’t have to deal with any stairs to do your laundry. Additionally, the kitchen has some open wall shelving but no upper cabinets. So if you have lots of dishware and cooking equipment, you’ll have to find a creative storage solution.
Check out the listing at 515 Edgecombe Ave. #33, listed by Sean Adu-Gyamfi of Lee & Associates.
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