On the hunt for private outdoor space? Sometimes it feels like finding a (very expensive) needle in a (very expensive) haystack. But it’s possible to get outdoor space of your own for under $500K — just take a look at 520 E. 81st St. #1M. Our Deal of the Week is a Yorkville studio with a 130-square-foot patio that could be your private oasis.
Learn more about our Deal of the Week!
The Price: $475,000
The median asking price for a home on the Upper East Side was $1.8 million this May, according to the StreetEasy Data Dashboard — meaning our Deal of the Week clocks in just above a quarter of the median asking price for the greater neighborhood!
Depending on mortgage rates, buyers who put down a 20% down payment of $95,000 can expect to see monthly payments of $3,611. This includes a mortgage payment of $2,550, common charges of $529, and taxes of $532.
Why You’ll Love It…
It’s easy to say that this condo’s pièce de résistance is its spacious patio, which is fenced in for maximum privacy. There’s plenty of room for outdoor lounge furniture, or perhaps a dining set and a grill. Picture yourself entertaining with friends under string lights this summer — that’s the vibe it’s giving.
Inside, the main living area has two big windows and a glass door that leads out onto the patio, which are great for letting in lots of light and making the room feel bigger. The interior is also decked out in timeless hardwood floors and has enough room for both a bed and a sofa.
The kitchen is separated from the main living area, which is a plus for those who don’t like to bump into their bed while cooking. It comes equipped with a full-size fridge and oven and both upper and lower cabinets for ample storage space. Plus, there are two closets located between the entryway and the kitchen, in addition to one more just outside the bathroom. The bathroom includes a shower with soaking tub and a spacious vanity and medicine cabinet.
Manhattan Homes Under $500K On StreetEasy Article continues below
The unit is located in a pet-friendly building with a full-time doorman, common roof deck (if you want a change of scenery from your private patio), bike room, and laundry room. Carl Schurz and John Jay Parks are right nearby, in addition to the East River Esplanade, which runs along FDR Drive, and the 90th Street Ferry Station. Speaking of transit, the building is located close to stops on the Q and 6 trains, in addition to the M31, M79, and M15 buses. You can also find everything you need on nearby York Avenue, such as Indian and Greek restaurants, bagel shops, bakeries and cafes, and drugstores.
… And Why You Might Not
Of course, studio apartments aren’t the right fit for everyone, and this one is on the smaller side. But if you’re looking for a studio — and are interested in buying in Yorkville — this one is a great one to add to your must-see list.
Check out the listing at 520 E. 81st. St. #1M, listed by Shannon Aalai of Corcoran.
Thinking about buying in NYC? Chat with our complimentary, licensed Concierge to learn about the buying process.
