Finding an apartment in Manhattan under $500K, in an elevator building with both a dishwasher and in-unit laundry, may seem like an impossible task, but 305 E. 83rd St. #1F ticks all these boxes — and then some. Our Deal of the Week is a 1-bedroom co-op in the Yorkville section of the Upper East Side, situated on a tree-lined block between Carl Schurz Park and Central Park.
Learn more about our Deal of the Week!
The Price: $445,000
The median asking price for a home on the Upper East Side was $1.9 million this December, 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 10% minimum down payment of $44,500 can expect to see monthly payments of $3,634. This includes a mortgage payment of $2,580 and a maintenance fee of $1,054.
Why You’ll Love It…
High 12-foot ceilings give this unit a loft-like feel and appearance, and allow for a step-up between the living room and kitchen to divide the area. Hardwood floors span the apartment, and you’ll also find new plumbing and electrical and LED recessed lighting fixtures throughout. The kitchen has been outfitted with white cabinetry and stainless steel appliances, including a half-size dishwasher, a mounted microwave, and a full-size fridge and oven. Better yet, the kitchen also features a combination washer/dryer, so no need to go back and forth from the laundry room (but just in case, the building does have shared laundry facilities, too). A kitchen island also acts as a divider between the living room and kitchen, and offers some extra seating and counter space.
The queen-size bedroom can be accessed through farmhouse-style frosted doors which can be left open or closed, though they let in light either way. A transom above the doorway lets in some light from the two southern-facing windows, and two built-in double closets offer floor-to-ceiling storage space. There’s also through-wall A/C.
Not only does the windowed bathroom offer a glass-walled shower with both rainfall and handheld showerheads, but the room also includes a storage space above it, accessible through the foyer. Use it for luggage, seasonal items, or whatever your storage needs require.
To top it all off, the unit is located in an elevator co-op building with free bike storage and a part-time super. Pied-à-terres, gifting, and co-purchasing are available on a case-by-case basis, and subletting is permitted after three years. Location-wise, the Q train stops fewer than 500 feet away, and the 4/5/6 trains are about a quarter-mile down the street. The surrounding blocks are teeming with bars and restaurants, like Bua Thai Ramen & Robata Grill, the Penrose, Anita Gelato, and Heidelberg Restaurant.
…And Why You Might Not
While the doors to the bedroom and the transom help bring some of the southern light into the living area, the only window in this room is a small one in the kitchen, which faces west. Additionally, the building doesn’t allow pets. But for all the modern conveniences the unit offers and its stellar location and price, this place is certainly a steal!
Check out the listing at 305 E. 83rd St. #1F, listed by Kari Kaplan of Douglas Elliman.
Thinking about buying in NYC? Chat with our complimentary, licensed Concierge to learn about the buying process.
