Dreamy apartments are not hard to find, but it becomes harder when you have a budget, of course. Limiting yourself financially puts down limits of what you can get, but we’re here to tell you there are a lot of apartments on the market within your budget. Here are some dreamy apartments for $600,000 and under.
1. 101 West 115th Street #4F
Neighborhood: Central Harlem
Price: $559,000
Size: 3 Bed, 1.5 Bath
Cap Rate: 8.03%
Return on Equity: 24.78%
If you are looking for a place with tons of space, this apartment is a great contender. This 3 bedroom, 1.5 bath apartment stretches out over 1200 square ft. The place is located in the heart of Harlem, just a couple of blocks from Central Park! Spacious, laundry in building, elevator building, and eat-in kitchen are just a couple of things that make this a great investment opportunity.
2. 133 W 140TH ST. #26
Neighborhood: Central Harlem
Price: $375,000
Size: 3 Bed, 1 Bath
Cap Rate: 7.74%
Return on Equity: 19.42%
Here we have another 3 bedroom apartment that seems to have it all! For $375,000 you’ll be getting a 3 bedroom apartment, a full wall of exposed brick (doesn’t get any more New York than that), and an apartment with over-sized windows that provide natural sunlight.
3. 210 East 21st St. #5b
Neighborhood: Gramercy Park
Price: $325,000
Size: Studio, 1 Bath
Cap Rate: 7.70%
Return on Equity: 23.12%
Looking to invest not only in property but also location? What about this gem, located in popular Gramercy Park? This studio apartment not only comes with a great location but also with exposed brick and a fireplace!
4. 324 East 50th Street #3-A
Neighborhood: Turtle Bay
Price: $569,900
Size: 2 Bed, 1 Bath
Cap Rate: 7.39%
Return on Equity: 18.03%
Another dreamy apartment is this one, located in Turtle Bay. Again, location makes this apartment a real investment for only $569,000! In addition, this apartment is a 2 bedroom, 1 bath apartment comes with ten foot high ceilings, hardwood floors, and spacious rooms.
5. 334 East 65th Street #62
Neighborhood: Upper East Side
Price: $359,900
Size: 1 Bed, 1 Bath
Cap Rate: 6.58%
Return on Equity: 17.52%
This Upper East Side apartment is a real catch. For $359,900 this 1 bedroom, 1 bath apartment comes newly renovated, with exposed brick in the living room and plenty of storage space. Another thing that makes this apartment so attractive is that it is pet-friendly.
6. 415 West 46th Street #4-D
Neighborhood: Hell’s Kitchen
Price: $355,000
Size: Studio, 1 Bath
Cap Rate: 6.57%
Return on Equity: 31.10%
Another studio that makes the great deals under $600,000 list is this one located in Hell’s Kitchen. Again, location is great along with the apartment’s smart layout to create more space. With the price, you’ll also get laundry in building, high ceilings, and a custom queen size lofted bed with stairs.
7. 54 East 8th Street #3-C
Neighborhood: Greenwich Village
Price: $399,000
Size: Studio, 1 Bath
Cap Rate: 6.56%
Return on Equity: 17.43%
Greenwich Village is one of the most popular and trendy neighborhoods in New York City. That’s why investing in an apartment in this neighborhood is a smart move. It is a nice size studio so you get a lot for your money. Not only is the apartment in great shape, you also get great city views with the price.
8. 200 E 16th St #1E
Neighborhood: Gramercy Park
Price: $495,000
Size: Studio, 1 Bath
Cap Rate: 6.33%
Return on Equity: 6.33%
Gramercy Park delivers again, with this studio apartment for only $495,000. This is a prewar studio with a charming archway, live-in super, laundry room, you name it. The apartment itself is within walking distance of Union Square, which is pretty much the perfect location for those who like living in an area full of things to do.
9. 622 West 114th St. #42
Neighborhood: Morningside Heights
Price: $435,000
Size: 1 Bed, 1 Bath
Cap Rate: 6.27%
Return on Equity: 15.98%
If you’re looking for an apartment located in a neighborhood where transportation is great and there are a lot of restaurants and shops around take a look at this gem located in Morningside Heights. With the price, you’ll get a 1 bedroom, 1 bath apartment with spacious rooms in a great building.
10. 5 Tudor City Place #1130
Neighborhood: Tudor City
Price: $349,000
Size: Studio, 1 Bath
Cap Rate: 6.08%
Return on Equity: 12.81%
Last but not least, the last dreamy apartment on our list for apartments in Manhattan under $600,000 is this great studio in Tudor City. Bright, freshly painted studio with a mirrored wall that expands the feeling of space should be viewed as a solid investment.
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