Small Wonder

This studio is your chance to live in London Terrace (if you're okay with a Murphy Bed)

By Virginia K. Smith  | August 23, 2016 - 3:59PM

London Terrace—the co-op complex that takes up an entire city block on West 23rd and 24th—is one of Chelsea's most coveted buildings, with classic architecture, a prime location, and amenities including a full-time doorman, porters, handymen, a full-service garage, a roof deck, and a $400/year fitness center that includes a half-Olympic-sized pool, plus steam rooms and saunas.

So if you're a solo buyer on the hunt for new digs, consider this studio in the building, asking $585,000. That is, if you can live with the apartment's one catch: a Murphy bed. (It's not pictured in the listings, but we assume it's located in the large white closets in the living room.) In addition to the fold-out sleeping quarters, the listing notes, the apartment also has a 6-foot-by-6-foot closet for extra storage, as well as a "guest" closet for coats, etc.

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The kitchen has been recently renovated with countertops that, claims the listing, are "impervious to heat and stains," (you'll have to test that for yourself), as well as a dishwasher. The bathroom has had recent upgrades, as well, with cracked tiles that are a nod to the building's original look:

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The price is comparable with other studio co-ops on the market in the neighborhood, so combined with the building's robust amenities offerings, the studio is, by and large, a good deal. (Co-purchasing, gifting, and pied-a-terres are all allowed here, too, adding some flexibility.)

So worth the ask, or is the Murphy bed a dealbreaker?

 

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