Small Wonder

An East Village studio with a sleeping loft and three outdoor spaces, for $399,000

If you don't want to sleep in the loft, you could put a bed in front of this window.

Bond New York

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How much total do you plan to tip the building staff this year?

Even people who aren’t fans of loft beds might want to check out this parlor-level East Village studio, 249 East 7th St., #1, which has high ceilings, space for a home office, and a $399,000 asking price that’s well below the $515,000 median for a studio in the neighborhood, according to StreetEasy.

The living space is a nice size, with 9.5-foot ceilings, hardwood floors that look to be in good shape, and light-colored, exposed brick walls. There isn’t a whole lot of furniture in here right now, but it looks like there is enough room for a bed—which is good if you don't want to sleep in the loft. There are large windows, although the bars on them will definitely put some people off.

There's a Pullman kitchen, which has full-sized stainless steel appliances (including a dishwasher) and a decent amount of storage space (with white cabinets on the bottom level and a wall of shelves up top). While those shelves might hold a lot, the fact that they’re open means they’ll probably need to be cleaned quite often.

Beyond the kitchen is a narrow office space with a window just behind the long desk. 

The loft is reached by a wood ladder. There’s just enough room for a mattress—and only a mattress—up top here. If you move around a lot in your sleep and worry that you might end up falling out of this petite space, you would be wise to put up safety rails. Or you could use this space for storage, and put a bed in the living area below, instead.

Beneath the loft is a good-sized appears to be an armoire. There's room to do more with this space, like put up shelves or build a real closet.

The bathroom has gray tiles on the walls and floors and a large, wood-framed window behind the tub. The pedestal sink isn’t pretty. The dearth of storage space in here could get old rather quickly, though. A vanity might be a better way to go.

There are two outdoor areas shared by owners, plus a recently renovated rooftop garden with views of downtown Manhattan.

The studio is located in a 13-unit co-op building with no underlying mortgage. It has a common laundry room, free storage, bike storage, and a recently installed combination oil/gas boiler system. Sublets, pieds-à-terre, co-purchasing, guarantors, and pets are considered on a case by case basis. Maintenance is $486 a month.

It’s close to a several transportation options, including the L at First Avenue (which is shutting down in April) and the F at Second Avenue, as well as a number of Citi Bike docking stations.

It’s also within walking distance of Tompkins Square Park, which has a two playgrounds, a handball court, chess tables, a basketball court, and a year-round greenmarket every Sunday.