Small Wonder

An East Village studio with a working fireplace and a Murphy bed, for $475,000

The asking price well below the $549,000 median for a studio in the neighborhood.

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It’s pretty cold outside (at least it is today), which makes the working fireplace at this East Village studio, 87 St. Marks Pl., #3D, all the more tempting.

But if roaring fires aren’t your thing, the price might be. The unit is asking $475,000—well below the $549,000 median for a studio in the neighborhood, according to StreetEasy. That extra cash should be more than enough to keep you warm.

The living/sleeping area isn’t that big, but it’s quite nice thanks to a recent renovation, and does a lot with the limited square footage. There’s a large custom closet just inside the front door, built-in shelves, and a Murphy bed. There’s also exposed brick and dark wood flooring.

There's also enough space for a small seating area with a couple of chairs just across from the fireplace, as well as a teeny-tiny table near the kitchen.

That kitchen is also rather petite. There’s a microwave, a cooktop, and a dishwasher, but it looks like there’s no actual stove in here, and instead of a full-sized refrigerator, there’s a small under-counter fridge that won’t hold much. However, if you’re more of an order-in type, you might be ok with things as they are. 

The bathroom is pretty, too, with light-colored, large tiles on the floors and walls, a walk-in shower with a rainfall showerhead, and the second of the unit’s custom closets—to store all your linens, towels, and toiletries.

The studio is located in a pet-friendly prewar co-op one block from Tompkins Square Park. The four-story building allows pieds-à-terre, co-purchasing, gifting, and guarantors with board approval. There’s a central laundry room in the basement, as well as common storage and a bike room. Maintenance is $592 a month.