Who says it can’t be done? A home of one’s own for $300,000 is definitely possible in New York City. Whether it’s a lovely little 1-room abode in Turtle Bay, or a sprawling view apartment in Riverdale, there are NYC apartments for $300K for anyone who wants in on the big-city real estate game. Let’s roll.
The price is definitely right on this large, bright alcove studio, although it is a case study in the perils of land leases. The shareholders in this solid building recently bought the land rights for $40 million, which has added interest payments on that purchase to maintenance costs. The $1,977 maintenance fee here is definitely high, though it is 50 percent tax-deductible. Celeste Pandhi and Jimmy Pandhi are co-listing the property.
Okay, so this may not be the smallest apartment in New York — we’ve seen smaller. But it is an affordable perch in a great part of the city for under $300,000 and with a low maintenance fee of $424. If you have 20 percent cash for a down payment, you’ll likely have a mortgage of less than $2,000 a month. Tempting. Listing from Leon Goldfeld of Yoorevo.
Here’s a studio in the signature Prospect Tower complex in the part of Manhattan where Turtle Bay meets Murray Hill. Prewar charm and an open layout pack a lot of wow into this apartment, which would make an ideal pied-a-terre or investment. Amy Axelrod, Dylan Hoffmann and Andrew T. Corso of Compass are the listing agents.
There’s tons of interest in this renovated 1-bedroom gem in Central Harlem. It’s in an HDFC building, which means there are income restrictions for qualified buyers (these can be discussed with the listing agent). If you fit the bill, this is a great deal. Listing held by Simon Valcin of Mint.
Reliable Riverdale delivers a 2-bedroom in the Briar Oaks co-op building. With more than 1,000 square feet, a balcony, and views, it’s no wonder many potential buyers have put this unit on their radar. Carol Landon of Douglas Elliman holds the listing.
Hard to resist the call of this 2-bedroom in the Belmare co-op building. With over 1,100 square feet , this corner unit offers lots of space and sunshine — perfect New York ingredients. Joanne Heyman of Weichert Realtors House & Home is the listing agent.
You’ve got to fight for your right … to have a decent-sized apartment within striking distance of everything you love about Brooklyn. This 950-square-foot apartment answers the call. Midwood may not have the allure of Bushwick or other Brooklyn neighborhoods, but it’s ready for anyone who needs space at a good value. Grigoriy Azayev and Avi Alalo of Elite Connect share the listing.
This studio is super sweet, especially the way the space is broken up with an entry into the kitchen and bathroom, then a step down to the sunken main room. It’s got an elegant look and feel, and at $265,000, with $584 in monthly maintenance charges, it’s no wonder many shoppers have it on their list. Gretchen deChellis of Row Real Estate is the listing agent.
Anyone traveling in and out of JFK for business or pleasure will appreciate this Brooklyn location on the southern end of the borough. This 2-bedroom condo is located in the Meadowwood at Gateway complex of 19 buildings, formerly known as Fairfield Towers. Listing from Stefania Mogollon of Winzone Realty.
Any fan of Forest Hills will appreciate this co-op apartment. There’s an English garden out your door and all the shopping, transportation and food that Forest Hills has to offer. David Dan of Benjamin Realty is the listing agent.
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