Washington Heights has become a popular neighborhood for those looking for lower prices and plenty of green space, without leaving Manhattan. If you are interested in this downtown, interchange between Riverside Park and Highbridge Park, see our Agreement of the Week. This Washington Heights 1BR, 515 Edgecombe Ave. # 33, has an airy, open layout perfect for soaking up sunlight. It even directly faces a historic green space, for an absolutely invincible price.
The Price: $ 370,000
The average asking price for a home in Washington Heights is $ 595,000, according to the StreetEasy Data Dashboard. That’s already one of the lowest medians on the island, and our Deal of the Week is over $ 200,000 below it.
Buyers who have put down the 20% minimum advance payment of $ 74,000 can expect to see monthly payments of $ 1,917. This includes a mortgage payment of $ 1,216 and maintenance of $ 701 – very low by NYC standards. By comparison, the average asking rent for a home in the neighborhood is $ 2,125.
Why You Will Love It …
Location is one big reason to love this Washington Heights 1BR. This building directly faces Coogan’s Bluff, a historic section of Highbridge Park that overlooks the River Harlem. The apartment has leafy park views from every window! There is also a lot more green space in the walkway, and the marked one Morris-Jumel Mansion it’s just a short walk.
Another crucial feature of our Agreement of the Week? In-unit laundry. Your own washer / dryer is tucked in a closet right next to the bathroom. But it gets better – this device also has a dishwasher! The kitchen is bright and cheerful, with butcher block counters and a large country sink. An island is created a perfect place to eat, or even a work station.
Light hardwood floors, high ceilings and many windows make the living room wide open. And the bedroom has plenty of room for other furniture besides a bed. Plus, it has its own closet!
… And Why You Can’t
Like many of the cheaper buildings in Manhattan, this one is a walk. However this Washington Heights 1BR is only on the third floor, and you won’t have to deal with any stairs to wash your laundry. Additionally, the kitchen has some open wall shelves, but no top cabinets. So if you have a lot of dishes and cooking equipment, you will need to find a creative storage solution.