Location: Broadway and 116th Street.
The accommodations: Classic dorm living, with barely enough space—approximately 150 square feet—for one student to maneuver. (Forget hosting a party here.) There’s no kitchen in the room, and the shared bathroom is down the hall. Then again, there’s a spectacular view of the Hudson, always a prize on the Upper West Side.
What the broker says: “It’s got a full-time doorman”—Barnard College security—“and there’s a courtyard and the building’s well maintained,” says Bellmarc’s Jamie Breitman with a certain amount of optimism. “You see the river through the trees!” But she says the real value comes, as ever, from the location. “You’re close to restaurants and transportation.”
What the student pays: $877.11 per month (totaling $7,894 from September through May), including all utilities.
Open-market value: Assuming the addition of a basic kitchen and bath, it could fetch $260,000 to $275,000 (or $1,400 to $1, 500 per month as a rental). “I’d get a Murphy bed on one side and an entertainment center on the other,” suggests Breitman.