Looking for proof that New York City can be affordable for buyers without millions in the bank? You’re in luck this week, with five great NYC apartments under $500K. It’s one of the city’s most competitive price points — and the market is ready to reward savvy shoppers. Have fun!
Manhattan & Brooklyn Homes Under $500K on StreetEasy Article continues below
Stuy Heights is a bastion of historic brownstones. But this new boutique condo development is a fresh place to plant your flag. At 554 square feet with monthlies under $1K, this NYC apartment under $500K is compelling. An in-unit washer/dryer makes for easy living. Plus, white oak floors and a super-modern kitchen with Bosch dishwasher up the style factor.
Buyers looking to stretch their budget should consider Kensington. This NYC apartment under $500K is set in Caton Tower, a full-service co-op with a doorman, elevator, and laundry. At nearly 900 square feet with a wall of windows, it’s spacious and sun-drenched. There’s a remodeled kitchen with dishwasher, a dining area, and central air, too. Go!
Brooklyn Homes Under $600K on StreetEasy Article continues below
Our first Manhattan stop for NYC apartments under $500K is East 14th Street. This 1-bedroom is part of a six-building co-op complex that’s super-convenient to East Village restaurants and nightlife. The oversized kitchen sports corner windows and a dishwasher. Plus, the renovated bathroom is nicely decked in new subway tile. Low monthlies are nice, too.
We stay downtown for our next NYC apartment under $500K. This bright co-op six floors up is small but mighty. It’s been renovated with a new kitchen and custom millwork on the walls. Listings in NoHo are few and far between, especially at this price. But the premium paid to live here provides amazing access to all of downtown. The entire world at your front door!
Downtown Homes Under $600K on StreetEasy Article continues below
We end right on price point near a bustling corner in Two Bridges. There are lots of parks, shops, eateries, and subways nearby. This 1-bedroom condo has big windows, shiny wide-plank floors, and a nice balcony. But heads up: There’s a tenant in place through September 2022. That makes the unit a good investment opportunity — or a chance to plan ahead.