Leah Hochbaum Rosner

The $799,000 asking price is well above the median price for a studio in the high-end Manhattan neighborhood. So is it worth it?

That's less than a typical Manhattan studio.

Architect Adam Zimmerman outlines what he'd do to bring this apartment back to life.

There's a separate sleeping area and a large living room with a decorative fireplace. But the decoration isn't for the faint of heart, as purple reigns supreme in this co-op.

Don't believe the hype.

And it's listed for less than the median price of $399,000 for the area.