Lovely Harlem 1BR Asks Just $425K, But There's a Catch

Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.

When Harlem's Embelesar 118 went on the market in 2010, it advertised itself as being for "New Yorkers who may have been priced out of Manhattan, such as teachers, healthcare professionals, policemen, firefighters, Wall Street workers and others." (Because those things are the same.) One of the units in the income-restricted building just went on the market for $425,000: The one-bedroom, 674-square-foot apartment has a maximum income allowance of $142,400; according to StreetEasy, the estimated monthly payment would be about $2,500. The apartment itself has plenty of new fixtures (and a washer-dryer hookup), and there's a common outdoor space and gym in the building.

· Listing: 152 East 118th Street, #3G [Corcoran via StreetEasy]
· All 152 East 118th Street Coverage [Curbed]
· The Six Digit Club archives [Curbed]