In the bustling real estate landscape of New York City, searching for an affordable home can often feel daunting. However, there is a glimmer of hope for prospective buyers on a budget. According to StreetEasy’s latest Market Report, homes listed under $700,000 experienced a notable decrease in competition compared to their higher-priced counterparts last month. This suggests a favorable opportunity for those seeking more affordable housing options in the city (even without winning the housing lottery). So, with that in mind, here are five beautiful NYC homes under $700k — from Manhattan to Rockaway beach to the bustling Bronx.
This stunning 1-bedroom apartment in FiDi boasts a bright, inviting atmosphere with abundant natural light. The upgraded kitchen features a modern design with a stone backsplash and brand-new Whirlpool appliances. Indulge in the spa-like feel of the renovated bathroom. The king-sized bedroom offers a lovely view, while the spacious living room with high ceilings is perfect for entertaining. Customized Elfa closets provide ample storage, and you can enjoy a range of luxurious building amenities like a doorman, gym, bar, library, and movie screening room.
Yes, a penthouse terrace is available for under $700,000! This true 1-bedroom penthouse in the Sutton Place section of Manhattan’s East Side offers a coveted wraparound terrace with abundant light, a great layout, and a prime location. The 23-foot-long living/dining space opens to the terrace, providing pleasant views of planters, gardens, and the city. The kitchen boasts custom cabinetry, granite countertops, and GE stainless steel appliances, while the master bedroom features a Murphy bed and ample closet space. The bathroom can be converted into two bathrooms or kept as a full primary bathroom. Now, back to that wraparound terrace. It accommodates furniture and a barbecue and offers city views.
Next on our tour of NYC homes under $700k is a fully renovated 2-bedroom duplex in Queens’ Kew Gardens Hills. The unit is move-in-ready, featuring stunning new wooden floors, abundant natural light, and modern doors. The brand-new drop ceiling with energy-efficient LED bulbs adds sophistication, while the open-concept kitchen boasts a gas oven and ample storage. Indulge in the luxurious full bathroom with a new whirlpool and bidet-equipped toilet. And the master bedroom offers a serene space, while the second bedroom is versatile. A finished attic (yes, it’s possible) provides extra storage.
Always dreamed of living near the beach? Now’s your chance! Impeccably designed, this 1,135 sq ft two-bedroom, two-bathroom residence in Rockaway Park, Queens boasts Western exposures and a 53 sq ft exterior balcony. With 9′ ceilings and floor-to-ceiling windows, natural light fills the space, while European-stained white oak plank flooring and ample closet space enhance its elegance. The open kitchen offers integrated LG and GE stainless steel appliances, including a dishwasher, microwave, French-door refrigerator, gas range, and stove. The generous laundry room houses a ventilated Bosch washer and dryer. The luxurious bathroom features Kohler fixtures, custom cabinetry, porcelain and ceramic tiling, and a double vanity. Residents enjoy amenities like a lobby lounge, fitness center, bike storage, on-site parking, and the Eight Floor Club with stunning bay and ocean views.
We end our roundup of NYC homes under $700k with this 1-bedroom gem in the Bronx’s vibrant Fordham neighborhood, which boasts a spacious layout and top-notch upgrades. The living and dining space exudes elegance with Terra Legno Cannon’s gray flooring and Maxim Linear LED lighting. The new eat-in kitchen dazzles with white custom cabinetry, Calacatta Valentin Quartz countertops, and sleek stainless steel appliances by Haier and GE. Indulge in the luxurious bathroom adorned with Toto Entrada fixtures and Michelangelo Calacatta porcelain tile. Plus, the king-size bedroom offers ample storage and restored Deco details. And it’s all conveniently located near transportation and Fordham Road shopping.