First-time buyer on a budget? Check out these deals for $200,000 or less

Posted November 5th, 2018

Living in New York City and getting ready to purchase your very first apartment but afraid you won’t be able to afford anything? Don’t worry, there are always good deals out there. You just need to know where to look! With no specific areas in mind, here are a list of NYC apartments for $200,000 or less, the perfect match for a new home owner on a budget.

 

1. 327 Pleasant Ave – Unit #3A

 

Neighborhood: East Harlem
Price: $199,000
Size: 1 Bed, 1 Bath
Cap Rate: 9.5%

We start off the list strong, with this 1 bedroom apartment in East Harlem. If you are looking for space on a budget, this could be the one for you. For $199,000 you get an apartment with high ceilings, plenty of closet space, hardwood floors, and east and west exposures. Check it out today!

 
 
 

2. 118-17 Union Tpke – Unit #12J

 

Neighborhood: Forest Hills
Price: $199,000
Size: Studio, 1 Bath
Cap Rate: 7.52%

Another great option is this studio apartment in Forest Hills. For the same price as the listing above, going for $199,000, you can get this renovated and spacious studio apartment in a luxury building in Forest Hills. The apartment is located in a great area of Queens and the some building features include elevator access, a doorman, a common roof deck, and so much more.

 
 
 

3. 29 Convent Ave – Unit #9

 

Neighborhood: West Harlem
Price: $182,000
Size: 1 Bed, 1 Bath
Cap Rate: 10.83%

This spacious and open apartment is another gem you should probably take a look at. The 1 bedroom apartment is located in West Harlem and was built back in 1910. It includes a dining foyer, a big and open windowed kitchen, hardwood floors throughout and tall ceilings throughout.

 
 
 

4. 2630 Kingsbridge Ter – Unit #4

 

Neighborhood: Fordham Manor
Price: $199,000
Size: 1 Bed, 1 Bath
Cap Rate: 6.3%

This newly renovated 1 bedroom could you yours for $199,000! Located in Fordham Manor, this apartment was built back in 1955, and it is just been renovated with new hardwood floors, stainless steel appliances, and a brand new bathroom. Building features include an indoor parking garage, a large laundry room, and it is close to public transportation.

 
 
 

5. 555 Kappock St – Unit #23B

 

Neighborhood: Riverdale
Price: $199,000
Size: 1 Bed, 1 Bath
Cap Rate: 4.97%

Another great 1 bedroom apartment deal right now is this one, located in the Bronx, specifically Riverdale. The apartment is 800 square feet, built in 1966, and comes with views of the NYC skyline, a 24-hour attended lobby, modern laundry room and gym. Worth checking out.

 
 
 

6. 555 Kappock St – Unit #17A

 

Neighborhood: Riverdale
Price: $179,500
Size: 1 Bed, 1 Bath
Cap Rate: 6.04%

Here we have another apartment for the same address as listed above, just for another unit. Similar to the one above, this 1 bedroom is spacious and comes with a lot of great building features for those interested in that.

 
 
 

7. 3206 Fairfield Ave – Unit #2D

 

Neighborhood: Riverdale
Price: $152,000
Size: 1 Bed, 1 Bath
Cap Rate: 9.66%

Riverdale has a lot of great apartments perfect for a first time home owner on a budget, like this one! This 1 bedroom apartment is on sale for only $152,000! And with that price you’ll get an apartment with a lot of space to create the perfect home!

 

 

 
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