On the hunt for a Manhattan studio for under $350K? The task may be harder than you think, especially if your list of must-haves includes a dishwasher or not having to hike up four flights of stairs. Somehow, 512 E. 83rd St. #1A manages to check both of those boxes and has a stellar price to boot. Our Deal of the Week is a Yorkville studio just one flight up in a building a block away from Carl Schurz Park.
Learn more about our Deal of the Week!
The Price: $325,000
The median asking price for a home on the Upper East Side was $1.7 million this September, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at below one-fifth of the median asking price for the neighborhood!
Buyers who put down the 20% minimum down payment of $65,000 can expect to see monthly payments of $2,790. This includes a mortgage payment of $1,661 and maintenance fees of $1,129. Monthly payments are also far below the median asking rent on the Upper East Side, which was $4,200 this September.
Why You’ll Love It…
Decked out in hardwood floors and 10-foot ceilings, this unit has timeless charm alongside modern updates. For example, the kitchen features white quartz countertops and backsplash that complements the white cabinetry and brass fixtures. There’s a complete suite of appliances, including a full-size paneled refrigerator and stainless steel dishwasher! Also included are a mounted microwave and sizable oven.
The shape of the entryway allows for a perfect spot for a desk. This space also hosts a huge closet, outfitted with custom Elfa storage for maximum functionality, and an above-head storage space for less frequently used items. The entryway flows into the kitchen and living area, and the collective space boasts both northern and southern exposures. Additionally, the living area is large enough for a bed and a small sofa, and even includes a decorative fireplace.
The bathroom is located on the opposite end of the unit as the living area and includes a spacious vanity. The tub has been recently reglazed — plus, this room has a window!
This unit is located just one flight up in a pet-friendly building mere feet from Carl Schurz Park. Adjacent York Avenue is full of cafes and bars, and the surrounding blocks are host to UES institutions like Levain Bakery, Bua Thai Ramen & Robata Grill, and Heidelberg Restaurant. In terms of transit, the Q, 4, 5, and 6 trains are all nearby. The building, which also has a shared backyard and laundry room, allows pied-à-terres, guarantors, and co-purchasers, and subletting is permitted after two years of residency. Last but not least, the unit comes with a separate storage unit.
…And Why You Might Not
Obviously, as a studio, this unit is on the smaller side, so you won’t have room for a formal dining set or huge sectional if you want a decent sized bed. And while the closet in the entryway is quite large, you may still need to get creative with storage solutions. But for a gorgeous studio in a great location for $325K, this is certainly not one to miss!
Check out the listing at 512 E. 83rd St. #1A, listed by Scarlett Nawrocki and Steven Cohen of Corcoran.
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