This summer, New York City remains the country’s fourth least affordable housing market. Prospective buyers must carefully weigh their options to find a home that aligns with their wish list and budget. With high-interest rates and asking prices, there are still opportunities for savvy buyers across the boroughs. The following homes under $1,000,000 feature plenty of stainless steel appliances, private outdoor space, and low cap rates.
This pre-war co-op fuses the perks of a gut renovation with preserved original details. Exposed brick runs throughout the unit, and each room includes recessed lighting. In the chef’s kitchen, owners will find stainless steel appliances, white cabinetry, and plenty of counter space. The primary bedroom resides off the kitchen and features an en-suite bathroom. Throughout the unit, owners will also appreciate a washer and dryer, an additional half-bathroom, and high ceilings. The unit resides on the second floor of a well-maintained elevator building which also includes a bike room and additional storage.
Buyers looking for a modern unit with sleek finishes can consider this oversized one-bedroom. High ceilings and generously-sized windows run throughout the unit, providing a spacious feel and welcoming in sunlight. In the kitchen, owners will use stainless steel appliances, an island with granite countertops, and white cabinetry. Heading upstairs to the lofted bedroom, they’ll find a second bathroom and over 200 square feet of space. The unit also includes two private outdoor spaces, a balcony off of the bedroom and another one off the living area. This home also includes a washer and dryer hookup and plenty of closet space. Throughout the building, owners will appreciate amenities like an elevator, common outdoor space, and views of the Manhattan skyline.
Buyers in Queens can tour this unit at the Chateau, one of the neighborhood’s highly sought-after garden complexes. This complex encompasses twelve brick buildings built in 1922 that each function as their co-op. In this building, residents will find a spacious unit with plenty of natural light. In the living room, owners will find a fireplace and built-in shelving. Nine-foot tall ceilings run throughout the unit and into the kitchen, with tiled floors, plenty of storage space, and room for a dining table. This unit also includes a large dining room in between the living room and kitchen. Toward the other side of the unit and past the gallery, residents will find the three bedrooms. The primary suite includes two closets and an ensuite bathroom, and owners can even use the smallest bedroom as a home office or nursery. Bedrooms overlook the quiet garden, offering a serene sleeping arrangement. In the building, owners will find a laundry room, free storage, and access to the community gardens.
This uptown condo features original character and plenty of space. In the living room, owners will find oversized windows, exposed brick, and a decorative fireplace. The space blends into the updated kitchen with stainless steel appliances and wooden-facing cabinetry. Residents will find the bedrooms on the other side of the unit. Through the primary suite, owners can enter the attached office and continue walking onto their private and generously-sized balcony. The smaller additional bedroom also provides balcony access along with a large closet. In the condo, owners will also find a washer and dryer, two bathrooms, and sweeping city views. This unit has a low cap rate of 2.57%.
This charming two-bedroom condo offers pre-war detailing like exposed brick and wooden detailing. Owners will enter through the living and dining area with Northern exposure, then travel to the kitchen. This space includes stainless steel appliances, a washer and dryer, and wooden cabinets that match the tone of the unit’s finishes. Further down the hallway, residents come across the two bedrooms facing the street to create a quiet oasis. The larger bedroom features two windows on opposite sides and two large closets. The unit’s bathroom separates the bedrooms, and the smaller one provides direct access to the unit’s private garden terrace. This outdoor space spans nearly 300 square feet and features flower boxes, fences, and a brick-laid seating area. Residing in a boutique co-op building with only eight units, this unit provides owners access to a common roof deck, storage, and low monthly maintenance.