Sponsor co-op pick of the week

A renovated one bedroom in the West Village for $1,575,000, no board approval required

By Austin Havens-Bowen | December 6, 2019 - 9:00AM 

The living room opens to the dining room and features two large windows.


Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."

This one-bedroom sponsor co-op, 2 Fifth Ave., #6R, in Greenwich Village, is priced at $1,575,000 with a monthly maintenance of $1,941. That's well above the $1,125,500 median asking price for one bedrooms in the neighborhood, per StreetEasy—but you’re getting a lot of space for your money.

The open-concept layout has a foyer, which opens to a 22-foot-long living room with large windows. The living space leads to the dining room, where you’ll find the door to a private terrace. 

The apartment is in a full-service, 20-story building with 342 other units, amenities include doormen, concierge services, a library, fitness center, resident’s lounge, parking garage, and laundry room—there’s also an in-unit Bosch washer/dryer. There’s no flip tax so you’ll save some cash on the closing costs.

The galley kitchen features a stainless steel Bertazzoni gas range, Liebherr fridge, Bosch dishwasher, custom cabinetry, and Rohl polished chrome faucet.

The bedroom has a walk-in closet and a window with a view of the private terrace.

The area is well-served by the subway, with 12 lines, plus the PATH, within walking distance. Nearby eateries include The Grey Dog, Rosemary’s, and Otto Enoteca Pizza. Washington Square Park is only a couple of blocks away.

Austin Havens-Bowen

Staff Writer

Austin Havens-Bowen covers the rental market. He previously reported on local news for the Queens Ledger and The Hunts Point Express in the Bronx. He graduated from Hunter College with a BA in media studies. 


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.