The Cheapest Full Service 1BR in NYC
A: Excluding Harlem & FSBO's, I did a search to find the cheapest 1BR apartment on the market right now that has a Full-Time Doorman, at least 500 square feet in total size, and monthly expenses under $650. NOTE: This only includes those properties being marketed by the brokerage community as I used Corcoran's system to do this search. Usually there is a 1-2 week lag for new listings to appear in the system.
AND THE WINNER IS....drumroll please...
1 Gracie Terrace (East 82nd St): Apt. 4J
Size: 500 Sq. Ft.
# Beds: 1
# Baths: 1
maintenance: $617
Asking: $315,000
Price Per Sq. Ft.: $630
Marketed By: Hilary Rovins of BrownHarrisStevens
Building Details: 24HR Doorman & Concierge, Gym on 1st Floor, Central Laundry Room, Bike Room, Reserve Fund of $2M+, Underlying Mortgage of $4.4M (your attorney will review this info and advise you accordingly)
This apartment is 7 weeks on the market and has a 70% financing restriction that may be causing this listing to not sell as quickly as it should. Nevertheless, I can't find any more listings that meet these criteria other than alcove studios that are around 350 - 400 square feet. Be sure to check this one out if you have the liquid assets to put 30% down!
Comments (1)
Do you happen to have a listing of reasonably priced 500 sq ft, doorman condos with features you described on East Side? Thanks.
Posted by Azimah | April 1, 2006 1:49 PM