Small Wonder

A Murray Hill studio for $325,000—with storage to spare

By Lucy Cohen Blatter  | December 29, 2014 - 3:59PM

One trick to living happily in a studio is eking out enough storage space to keep all your stuff out of sight.That's why we're drawn to this Murray Hill co-op, on sale for $325,000, with tons of built-in shelves and closets to hide away clothes, papers and pretty much everything else you own.

First off, the apartment has an entryway with its own closets, which we like because it means you're not walking directly into the main living space, making the whole place feel roomier.

Unlike many other studios, there's also a separate kitchen, which is relatively big and comes with a dishwasher. But, as the listing says, the kitchen and bathroom could use an update. For starters, we'd add new cabinets, countertops and maybe a stylish backsplash. 

The apartment's on the third floor of a 22-story elevator building, and faces the interior, according to the listing, which means it'll likely be quiet, but probably not too bright. We'd also venture to guess there's no real view to speak of, though there is a roof deck (plus a bike room, laundry room, garage and storage).

At 7 Park Avenue between 34th and 35th Streets, the doorman building doesn't have quite the same cachet as the ultra-exclusive co-ops on the same street further uptown. That said, it's in a decent spot for transportation, just a block and a half from the 6 train and a block from the M34 bus. (If you work in Midtown, you could probably commute on foot.)

Also, the building has some of the typical rules you'd see in a co-op, though it's not as strict as others we've seen: buyers must put down at least 25 percent (slightly higher than the usual 20 percent), you'll have to live in the building for three years before you can sublet, and the board has to approve all pets. (FYI, a studio on the second floor, with an updated kitchen and bath but less storage, is on the market for $2,100 a month.)

Updates aside,  the apartment's asking price is just about average for the neighborhood, where similar co-ops sold for $324,150 in the last 90 days, according to StreetEasy.


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