The West Village is a quiet, upscale neighborhood nestled between Greenwich Village and the Hudson River, primarily home to residential brownstones, historic buildings, and quaint restaurants with sidewalk seating. Of course, all that charm comes at a price, as homes in the nabe are often listed for $2M or more. But listings like 41 Jane St. #4C come along every once in a while, offering a great location for a fraction of the price. What’s more, it comes with a wood-burning fireplace and a key to the nearby community garden.

Price $475,000
Space Studio, 1 bath
Neighborhood West Village
Borough Manhattan

Learn more about our Deal of the Week!

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The Price: $475,000

The median asking price for a home in the West Village was $2.1 million this August, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at about a quarter of the median asking price for the neighborhood!

Buyers who put down the 20% minimum down payment of $95,000 can expect to see monthly payments of $3,435. This includes a mortgage payment of $2,683 and a maintenance fee of $752. These monthly carrying costs are also are far below the median asking rent in the West Village, which sat at $4,950 this August.

Why You’ll Love It…

Let’s start with everything you don’t see in the listing photos — like a key to the nearby Jane Street Garden that comes with purchase. It’s like the West Village’s very own Gramercy Park! The stellar location is on brownstone-filled Author’s Row and within blocks of the A, C, E, L, 1, 2, 3, F, M, and PATH trains. Plus, there’s no need to trek to the laundromat, as the basement has a common laundry room. Pied-à-terres, guarantors, and co-purchasing are permitted. 

Inside the unit, ceilings with dark wooden beams offer a moody vibe, while oversized windows keep the place bright. The hardwood floors and whitewashed exposed brick are perfectly on-trend, too. And we can’t forget about the wood-burning fireplace, which is decked out in the same whitewashed brick as the rest of the wall it sits on! It’s your ticket to cozy this winter.

Floor-to-ceiling bookshelves stand along the wall that divides the kitchen from the living area, offering additional storage space. Speaking of storage, there’s a closet in the entryway near the kitchen. In the living area, a custom-built Murphy bed functions as a desk or table during the day and a bed at night, so you can have the best of both worlds.

…And Why You Might Not

Unfortunately, this unit is located on the fourth floor of a walk-up building, so you’ll have to climb three flights of stairs to get home. The building also does not allow pets, so it’s not for buyers with furry family members. Plus, the Murphy bed is a “short” queen bed, so it won’t fit everyone. And speaking of short, the fridge is under the counter, not full-size. 

Still, if you’re looking for a cozy West Village studio to call home for under $500K, be sure to shortlist this one!

Check out the listing at 41 Jane St. #4C, listed by Kelly Cole of Compass.

Browse more NYC homes under $500K on StreetEasy