Are you looking to invest in properties in New York City but constrained by your budget limits? Don’t worry, we’re here to share with you some gorgeous apartments that are under $700,000 and are definitely smart investment opportunities for you.
1. Unit #4B – 108 W 114th St
Neighborhood: Central Harlem
Price: $160,000
Size: 1 Bed, 1 Bath
Cap Rate: 15.09%
This sunlit apartment located in Central Harlem is a steal. It has plenty of closet space and lots of windows, along with hardwood floors and high ceilings. With 2, 3, B and C trains just a few blocks away, commuting to other parts of the city is effortless and convenient.
2. Unit #1E – 500 W 55th St
Neighborhood: Hell’s Kitchen
Price: $375,000
Size: 1 Bed, 1 Bath
Cap Rate: 9.47%
This gem is located in the prime Hell’s Kitchen neighborhood within the vicinity of Columbus Circle, Central Park, and Whole Foods. The pre-war condo not only boasts a north facing living room, but also hardwood floors and a south facing bedroom. The building also comes with its own private courtyard garden with barbecue grills and complimentary bike storage!
3. Unit #3C – 2790 Broadway
Neighborhood: Upper West Side
Price: $289,000
Size: Studio, 1 Bath
Cap Rate: 7.96%
This renovated studio on the Upper West Side features high ceilings and a built-in Murphy bed in the prewar building. The building also has an elevator, live-in super, a private garden, a community room with pool table and a laundry room. Besides, it’s within walking distance to both Columbia University and Barnard College, and also highly accessible to the Riverside Park.
4. Unit #2B – 159 Madison Ave
Neighborhood: Murray Hill
Price: $439,000
Size: 1 Bed, 1 Bath
Cap Rate: 6.94%
What we love about this unit is that it’s conveniently situated in Murray Hill at the nexus of NoMad and Midtown. Forget about depending on public transport when you can simply take a short walk to either Madison Square Park, Grand Central, or Chelsea. In addition, the large living room has track lighting and there’s an abundance storage space including a deep walk-in closet and a large kitchen pantry!
5. Unit #24 – 125 E 4th St
Neighborhood: Bowery
Price: $618,500
Size: 2 Bed, 1 Bath
Cap Rate: 5.96%
This 2 bedroom Bowery apartment sits in the heart of East Village. It’s outfitted with bamboo plank flooring, a renovated kitchen, and an updated bath with beautiful mosaic floor tiles! The building also comes with various amenities including a laundry room, private storage, and indoor as well as outdoor parking.
6. Unit #2B – 337 E 50th St
Neighborhood: Midtown East
Price: $360,000
Size: Studio, 1 Bath
Cap Rate: 5.91%
This gorgeous studio located in a boutique elevator building provides a calming tree-lined view in the midst of a peaceful and serene location in the heart of Midtown East. It’s also fully equipped with a functional Murphy bed, home office station, 5 closets, and custom storage cabinets.
7. Unit #43 – 29 W 119th St
Neighborhood: Central Harlem
Price: $699,000
Size: 3 Bed, 1 Bath
Cap Rate: 4.46%
Situated between Lenox and Fifth Avenue, this charming and bright 3 bedroom apartment features 9ft ceilings, oak floors, moldings, two exposures, original details, and designer lighting! It is also a few steps away to the building’s recreation center, swimming pool, and dog park.
8. Unit #10C – 345 E 86th St
Neighborhood: Upper East Side
Price: $695,000
Size: 2 Bed, 1 Bath
Cap Rate: 2.85%
This beautiful home in the Upper East Side comes with a spacious foyer with 2 oversized closets. The foyer links to the sunlit living room and a closeted second bedroom. In addition, the building also features a 24-hour doorman, bike room, laundry room, and plenty of storage.
