# West Village Penthouse Studio Hits Market at $995,000

A penthouse studio in Manhattan's West Village enters the market at $995,000, featuring a dramatic skylight that floods the compact space with natural light. The unit includes a wood-burning fireplace and custom built-in storage designed to maximize the limited square footage typical of studio living.

The listing sits on a prestigious West Village address, capitalizing on neighborhood desirability and proximity to Central Park. The fireplace adds luxury appeal uncommon in studio-sized units, functioning as both a heating source and visual anchor. Custom built-ins address a core pain point for small-space buyers: storage. These architectural details justify the near-seven-figure price tag in a market where studio economics typically demand careful floor-plan optimization.

For buyers, this property targets affluent professionals seeking a Manhattan pied-à-terre without the maintenance and space commitment of a larger apartment. The $995,000 price reflects Manhattan's compressed inventory at this price point and the West Village's sustained appeal. Studios in this neighborhood rarely trade below $800,000, making this listing representative of where starter luxury inventory sits.

For sellers moving up or out, the strength of the sub-$1 million studio market remains solid. Builders and developers recognize this segment drives turnover and younger buyer activity in expensive neighborhoods.

The skylight differentiates this unit from typical West Village studios. Natural light directly impacts perceived value and livability in compact apartments. A wood-burning fireplace requires broker disclosure of fuel source restrictions in New York City, though these fireplaces remain legal in residential buildings.

Market timing matters. West Village studios at this price compete against one-bedrooms in adjacent neighborhoods and rentals offering similar monthly costs over longer timeframes. Buyers evaluating purchase versus rent must factor in a $995,000 down payment, mortgage costs, property taxes, and building