Take It Or Leave It

Would you rent this two bedroom in the Flatiron District for $4,500 a month?

The living room is about as spacious as it gets in this compact apartment, but it's in the middle of everything.

Compass/StreetEasy

Share this Article

This 20th-floor condop rental in the Flatiron District is conveniently located and looks to be nicely renovated. It's a two bedroom, two bath, with a dramatic balcony off the living room, sticking out over Lexington Avenue. The building has a doorman, a pool, a roof deck, laundry, and a gym, and the apartment is listed for $4,500 a month.

So is the apartment worth it?

As always when weighing New York City apartment listings, we turn to our Take It Or Leave It experts—myself, Constantine Valhouli, founder of real estate research and analytics firm NeighborhoodX, and freelance writer Lambeth Hochwald. But first, here are some more pictures.

Pros and cons

"At 850 square feet, this apartment has a lot of rooms packed into not a lot of space. The kitchen has no window, and the second bedroom is barely big enough to fit the sofa and desk that are in there now. But this is Manhattan, and what do you expect from an apartment walking distance from the Empire State Building? The rent is up there, but it's well below the $6,900 median rent for a two bedroom in the neighborhood, and the balcony looks like a picturesque place to get some air/tame your fear of heights."—Nathan Tempey

"If hotel-like living is for you, this  two-bed is pretty much a slam dunk. And, at $4,500 per month you're getting a deal thanks to the balcony, to-die-for views from 20 floors up, and pool. On the flip side, that second bedroom is a bit tight at nine-feet-by-nine-feet, and there are no pets allowed in this building."—Lambeth Hochwald

"Pros: A 20th-floor space with views, and in a building with pool, roof deck, and gym. The bathroom, bedroom, and living room look serene and thoughtfully designed. The designers seem to have whiffed on the kitchen though—it went from Mad Men to Mad Max."Constantine Valhouli

Who it would be perfect for

"A well-to-do couple who work in Midtown and/or off the 6 downtown, or with one person who works from home."Nathan

"A family of three or a work-from-home couple who want to use that small second bedroom as an office."—Lambeth

"Two friends or a couple. It's perfectly positioned even if one person works in Midtown and the other downtown. Except if anyone has a furry friend."—Constantine

Take it or leave it?

TAKE IT. "If you have the disposable income and are looking for something short-term and ultra-convenient. It's a market-rate condop, so the owner could decide to get rid of you or jack up the rent anytime, and if you're going to be in New York for a while, you could be spending this on a mortgage."Nathan

TAKE IT. "And prepare for some epic sunrises."—Lambeth

TAKE IT. "But I'm going to sneak my dog in with me somehow."—Constantine