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What $1.5 Million Will Buy You Around New York City

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Welcome back to Curbed Comparisons, a column that explores what a set dollar amount can buy you in various New York City neighborhoods. Is one man's studio another man's townhouse? Let's find out! Today's price: $1,500,000.

? The first quarter 2012 market reports came out this week, and the average sales price is down 7.2 percent from last quarter (from $1,455,485 to $1,348,589.) So now that $1.5 million is above average in New York City, let's see what kinds of above-average places that amount can buy us. On the Upper West Side, this 2BR, 2BA condo is going for $1,495,000. It's located on the 27th floor of a relatively new building (built in 1998) and features a windowed kitchen, 9-foot ceilings, and a washer/dryer. The building has a doorman and gym. It isn't the largest at 1,217 square feet, but overall, not particularly shabby.

? Size-wise, this 1,260 square foot 2BR, 2BA condo in the East Village, listed for $1,399,000, is roughly equivalent to its UWS comparison, at least spatially. It seems to make better use of that space, however, with large, open rooms (a living/dining room and a master bedroom) at either end. It also includes a Whirlpool tub, an open kitchen, a balcony, exposed brick, and some fairly unfortunate paint choices.

? This Gramercy condo in the Gramercy Starck (complete with gym, doorman, and roof deck) is going for $1,499,000 and weighs in at 1,280 square feet, making it the largest place so far (albeit by a tiny margin). Its notable features include new kitchen appliances, washer/dryer, and an extremely futuristic-looking bathroom with a separate rain shower and tub. Yellow-ish walls and dim lighting give it a gloomy feel, but surely something can be done about that.

? Well, here's something a bit different. In Park Slope, this two-family brick/brownstone townhouse can be had for $1,585,000. It's composed of a 4BR, 2BA triplex and a 1BR, 1BA garden apartment downstairs. It has plenty of original details and a fair amount of deck space to boot.

? In Tribeca (referred to in the brokerbabble as "Downtown’s most coveted nabe"), this 1,400 square foot loft has the most square-footage of any of our Manhattan comparisons and is actually the cheapest, at $1,395,000. It's best feature is its very large, very new kitchen, which includes a "professional six burner stove." The other side of the coin is that it's a 1BR, 1BA (so you probably won't need all six of those burners) and that one bedroom is actually a "sleep area" with "privacy shutters." Also, it's a walk-up on the third floor, but, to quote the brokerbabble one more time, "you’re buff, so no worries!" Right.
—Jeremiah Budin
· Curbed Comparisons [Curbed NY]

340 East 23rd Street

340 East 23rd Street, New York, NY

200 Riverside Boulevard

200 Riverside Boulevard, New York, NY