It’s no news that New York City is one of the most expensive cities in the nation. In fact, according to RealtyHop’s October Affordability Index, households in NYC have to set aside over 82% of their annual income toward homeownership.
While many properties come with a price tag of $1 million and more, there are some beautiful apartments available for less than $750K. We hand-selected a few options for you to consider if you are thinking about buying in NYC now. Perhaps Bed-Stuy, Astoria, Fort Greene, or the Upper West Side could be your next home!
This fabulous studio is the perfect size for buyers prioritizing affordability and location. Spanning 721 sqft, unit 5B features 11-foot ceilings, custom kitchen cabinetry by Wenge, stainless steel appliances by Bosch & Fisher and Paykel, Caesarstone countertops, and a bathroom with a nice, deep bathtub and vanity. It even has floor-to-ceiling sliding doors that separate the sleeping area, large enough for a queen-sized bed and two nightstands. The sleeping area is separate from the living space and down the hall, creating the feel of a spacious, one-bedroom loft. It also includes a tax abatement until 2027.
Located in the heart of Hudson Heights, the Bennet is a pet-friendly building featuring doorman, garage, common outdoor space, fitness center, and building laundry. Unit 407 includes 2 bedrooms and 2 bathrooms, along with oversized windows, spacious walk-in closets, and hardwood floors. Spanning over 900 sqft, unit 407 has the potential to generate between $1,840 and $2,760 per month in rental income. With the asking price at $675,000 and HOA + taxes at $734 per month, investors can expect a 2.78% cap rate.
At the Rowan, a newly constructed luxury condo building in Astoria, you’ll find beautiful homes built with hand-selected details and remarkable care. At $1,244 per sqft, unit 2F features 1 bedroom, 1 bathroom with the most modern features including white oak wood floors, Ceppo di Gre marble and Caesarstone countertops, large living space with room for a large dining table, and in-unit washer and dryer, along with four large windows allowing ample natural sunlight. This building is now open for fall occupancy.
Located in Bedford-Stuy, one of the most desirable neighborhoods in Brooklyn, 1240 Bedford Avenue boasts renovated lobby, laundry room, video intercom system, package delivery room, and a shared rooftop and courtyard. The 850-sqft #5F has 2 bedrooms and 1 bathroom, with wood flooring throughout, stainless steel appliances, and a charming terrace. With a 10% down payment and an estimated interest rate of 3.5%, potential buyers can expect to pay $3,883 per month after including taxes and monthly charges.
This charming, recently refurbished co-op is situated in the prime Upper West Side. Only one avenue away from Central Park, unit 4A at 111 West 94th Street features a newly renovated bathroom, custom shelves and closets, 9’ ceilings with northern exposure, as well as an open kitchen connected with the dining room. Currently asking $750,000, the unit can potentially generate monthly rental income ranging from $2,880 to $4,320, making it a perfect investment property.
Keep up with the latest price fluctuations by neighborhood — specifically the highest price drops by median percentage, median dollar value, and street address — and check out RealtyHop’s latest NYC Price Drop Report!