Welcome to a semi-regular feature, Price Points, in which we pick a relatively low asking price and a type of apartment, then scour StreetEasy to find the best available options around the city. Today's task: one-bedroom Manhattan apartments asking less than $500,000.
In 2016, the median sales price of apartments in Manhattan hit an astounding $1.1 million. Despite the relentless rise in cost of apartments throughout New York, most city dwellers are still on the hunt for more affordable digs. According to StreetEasy, the most searched-for apartments throughout the five boroughs range from $400,000 to $600,000. While that price point alone can buy a mansion—relatively speaking—in the ‘burbs, it isn’t thought to drum up a whole lot in New York City, especially in the priciest borough of Manhattan.
But we’ve taken that to task, and found that there are indeed some charming, spacious, and downright nice apartments on the market right now in Manhattan, all asking less than $500,000. So go ahead, take a look, and make sure to vote for your favorite below.
↑ In Hell’s Kitchen, nab a floor-through apartment with north and south views and a windowed kitchen. The co-op at 451 West 48th Street comes with a lovely decorative mantle in the living room, a spacious kitchen with a decent amount of counter space, and access to a shared backyard. The apartment is a restricted sale co-op: prospective buyers must commit to living there full time (no pied-a-terre’s) and single occupants can’t make a maximum gross income of more than $104, 775, which is not hard to do. It’s asking $485,000 with a $490 monthly maintenance fee. [Floorplan]
↑ An improbably nice East Village one-bedroom comes with about as many fixings as one could want—a working fireplace, living room built-ins, washer and dryer, a kitchen updated with stainless steel appliances, and access to a shared resident’s garden. The one catch: the bedroom is tiny, but if that’s not a deal breaker this co-op at 633 East 11th Street’s got a lot going for it. It’s on the market for $489,000 with montly maintenance of $544. [Floorplan]
↑ This Hudson Heights co-op has been recently renovated, bringing solid wood cabinetry, Soapstone countertops, a marble backsplash, and stainless steel appliances (including a dishwasher) to its kitchen. The original hardwood floor was also refinished. The co-op at 340 Haven Avenue comes with a spacious entry foyer, and four decently-large closets. It’s on the market for $379,000 with a monthly maintenance fee of $717. [Floorplan]
↑ This East 57th Street apartment is technically an alcove studio, but because it has sliding doors that close it off from the living area we’ll let it slide. The high-floor Sutton Place co-op is in a doorman building, includes air conditioning, and comes with its own dressing room adjoined to the bathroom. The apartment is asking $450,000 with a monthly maintenance fee of $1,445. [Floorplan]
↑ A first floor co-op on the Lower East Side with an open-concept living and dining room is on the market for $499,000. The apartment comes with stainless steel appliances—sorry, no dishwasher here—and a bedroom large enough to fit a king-sized bed. It also comes with a whopping five closets. As the bedroom listing photo suggests, dogs up to 35 pounds are welcome. Maintenance runs $569/month. [Floorplan]
↑ A pricechop from $525,000 lets this Washington Heights co-op just eek under the $500,000 price point. Now asking $499,000, the Riverside Drive one-bedroom comes with a built-in entertainment console, recessed lighting, an updated kitchen and bathroom, and a bedroom large enough to fit a king-sized bed. Its listing says the apartment is a “bonafide smart home” with “custom wiring to support remote light control via mobile apps or voice activated home assistants.” Other smart features include a front door sensor that can send alerts to a mobile app when opened. (No pesky landlords here.) Monthly common charges run $483 and taxes are $124. [Floorplan]
↑ This duplex one-bedroom in an Upper East Side building with an elevator may be narrow, but it packs in a small dining area, open living area with a kitchenette, and a spacious bedroom. The kitchen has all new stainless steel appliances, including a dishwasher, and granite countertops. A washer and dryer are permitted in the apartment pending board approval—this is a co-op after all. The apartment is on the market for $489,000, and has a monthly maintenance fee of $1,544. [Floorplan]