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Big Reveal: $550,000 For a Sleek Studio in the East Village

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This walk-up co-op on the fifth story of 254 East 7th Street in the East Village had a lot of people fooled. Guesses this week ranged from $380,000 to $2.1 million, but the correct answer of $550,000 was most closely pegged by commenter CountessLuAnne, who took a stab with $549,000. Commenters were lukewarm to the apartment, with its decor drawing comparisons to "every youth hostel in Scandinavia" and a "display room at Ikea." At least one commenter, NYCSince83, thinks the scaled-back decor is "beautiful."

· Listing: 254 East 7th Street [StreetEasy]
· How Much Is This Minimalist East Village Studio Asking? [Curbed]
· Pricespotter archives [Curbed]