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The $1 Million Studio

  • June 20th 2014

by UrbanTurf Staff

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The $1 Million Studio: Figure 1
The $1 million studio.

DC home buyers, whenever you start thinking that real estate prices in this town are getting a bit high, take solace in the fact that we are not in New York City’s orbit yet.

A new listing reinforces this statement: A studio has come on the market on the Upper West Side of Manhattan for just over $1 million.

The 532 square-foot unit on 76th Street (map) was recently listed by Brown Harris Stevens for $1.075 million, which works out to just over $2,000 a square foot.

Despite its size, the unit is high-end across the board with Miele, Viking and Subzero appliances, grey stone flooring, a Nest thermostat and herringbone oak wood floors. The building also offers a slew of amenities and services, including a doorman and concierge service, a billiards room, a rooftop sundeck, and a parking garage.

But the monthly payments will make you realize that you are dealing with the New York City real estate market. Even with a 20 percent down payment, payments would run approximately $5,500. Add to that the $645 monthly fee and this studio is yours for about $6,000 a month.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_1_million_studio/8642.

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