We found a nice one bedroom in Greenwich Village for $750,000, but there's a catch

Yes, it is still possible to find a nice one-bedroom co-op in Greenwich Village for less than $1,000,000. (And yes, we recognize the absurd nature of that statement. That said, 50 East 8th Street #6W, listed for $750,000 would be a nice place to call home. 

Located in a post-war building, the one bedroom, one bath has oak hardwood floors, moldings, high ceilings, and city views. The "catch" is that the building does not own the land it is built on, otherwise known as a "land lease." (This is not necessarily a deal-breaker, however there are a few factors, such as how much time is left on that lease, that should be considered and it's something prospective buyers should be understand.) 

The apartment features a foyer with 9-foot ceilings and closets, and a large living room with built-in bookcases and a window seat. The kitchen has hardwood floors and a central island with seating. 

The corner bedroom offers northern and western exposures and a walk-in closet. 

The bathroom has a south-facing window and Lutron lighting. 

Amenities (which residents pay a hefty $2,051 a month for) include a live-in super, porter, handyman, laundry room, common garden and storage. 

The building also allows pets, pieds-à-terre, guarantors, parent purchases and international buyers. 

The apartment is half a block from the N, R, and W trains on Broadway, two blocks from Washington Square Park, and in the heart of New York University territory.