Condo pick of the week

A Battery Park City one bedroom in need of some upgrades, for $599,000

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By Emily Myers  |
January 27, 2020 - 9:00AM
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The kitchen is in a separate room off the living area. 

Compass

Studios and one bedrooms are selling much faster New York City than larger and more expensive condos. This means it's harder to get a deal in the lower-price range and brokers report apartments priced below average are the ones that are going to bidding wars. This apartment, 2 South End Ave., #6A, had a 4 percent price cut four months ago and has an asking price of $599,999, which is below the current median price of $750,000 for similar-sized apartments in the neighborhood. 

The apartment, however, has been on the market for more than 500 days, suggesting the price cut didn't go far enough.

Some aspects of this apartment may be putting some sellers off: The kitchen and bathroom could use upgrades, and the listing says there's a tenant in place until September. However, obstacles also create room for negotiation. For context, two other apartments in the same building with similar layouts sold for $539,000 and $488,000 (the latter without a balcony) at the end of last year, according to StreetEasy

2 South End Avenue, New York, NY, 10280

The galley kitchen has plenty of countertop space and cabinets. A dishwasher is included among the appliances. 

2 South End Avenue, New York, NY, 10280

The apartment has parquet floors, which look in reasonable shape. The bedroom has views of the water. There's a closet by the door. 

2 South End Avenue, New York, NY, 10280

The bathroom has a tub and shower but is due for an upgrade. 

2 South End Avenue, New York, NY, 10280

There's a balcony off the bedroom, which is accessible from the living room. 

2 South End Avenue, New York, NY, 10280

The pet-friendly building, known as The Cove Club, has a shared roof deck, a gym, and a 24-hour doorman. Monthly common charges are $1,653.

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There's a closet by the entrance and more storage space next to the bathroom. 

Subway access is just across the West Side Highway for the 1, 2, 4, R, and W, and as well as the PATH trains.

 

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Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a senior writer, podcast host, and producer at Brick Underground. She writes about issues ranging from market analysis and tenants' rights to the intricacies of buying and selling condos and co-ops. As host of the Brick Underground podcast, she has earned four silver awards from the National Association of Real Estate Editors.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

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