248 East 7th Street, #17-18 - $575,000 - 800 sq ft

The ultimate fixer-upper, this quite charming 2BR with a low $600 per month maintenance located in the ghetto fringe on 7th between Avenue C & D, is described by Corcoran as having "good bones". Creepiness aside, we enjoyed contemplating the possibilities in this crumbling apartment, which features beautiful exposed brick walls and has a rare 4 exposures with windows on all sides of the apartment.

Almost needless to say, the kitchen is a disaster (we're sure there were appliances in there, but it's hard to remember them when looking at cabinets from 1958) and the bathroom similarly needs a full overhaul. We also don't like the idea of renovating a 4th floor walk-up (is Corcoran throwing in a chiropractor?) although we do think the apartment has tons of potential. You also get what you pay for in maintenance with this super old building that reminds us of a Columbia dorm, but I guess you can't have it all.

Overall this apartment is cute and we're not really surprised that it went into contract today, although we will of course keep an eye on that final sales price.