Small Wonder

This Lincoln Square studio creates extra space with a loft bed

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For a certain set of New Yorkers—musicians, actors, culture vultures—there's no more convenient location than right in the heart of Lincoln Square, just steps from the city's most major arts institutions. At $438,000, this studio at 140 West 69th Street may be asking a somewhat justifiable price given the coveted location. 

But yes, there are caveats: For starters, you have to be fine with climbing a ladder, and crawling into a loft (instead of a room), when it's time to go to bed.

The lofted bed, which you'll have to investigate in person to see how comfortable and maneuverable it actually is, creates extra living space, which is brightened up by large windows facing Broadway. We also like the tidy kitchen, though we do wonder why someone put shelving in front of the stove. (Seems like this place is geared towards residents who don't plan to do a lot of cooking).

The bathroom also isn't pictured, so that's another reason why an actual visit would be a must.

Still, the prewar bonafides of the building add extra appeal, as do the amenities, which include a full-time doorman and concierge, in-building laundry, and friendly policies towards pets, co-purchases, gifting, pied-a-terres, and after you've lived there for three years, the option to sublet indefinitely. Not a bad setup for a currently-single buyer who wants to keep their future options open.