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For $295K, a compact Upper East Side studio with starter home potential

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The price is right

Compass

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.

This modest Yorkville apartment isn’t exactly huge on space—even though it has high ceilings, it still measures less than 300 square feet—but for someone looking to get a toehold in New York’s real estate market, it could be a good bet. (As long as you don’t need too much space, anyway.) It’s listed with Compass’s Jeffrey Bua for $295,000, with maintenance coming in at $668/month.

The space itself is about as nice as you could expect from a small studio: The living room is long, and comes with a convertible Clei Murphy bed that can easily transform from a couch/storage situation to a sleeping one. A second built-in closet provides some storage, though you’d probably still want to keep things fairly minimalist. And the kitchen—typically where studios are extremely lacking—has updated appliances and a normal-sized refrigerator.

The building itself is located on East 88th Street between York and East End avenues—a bit of a hike from the heart of the Upper East Side, sure, but it’s close to Carl Schurz Park and the waterfront. The Second Avenue subway’s 86th Street station is just a few blocks away.