What You’ll Get in NYC for $725,000

With the country’s third least affordable housing market, it’s no wonder that buying property in New York City costs a significant amount of money. However, there are still hidden gems and deals to find around the city. The following five units under $725,000 provide value for homeowners seeking a worthwhile investment.

30 Monroe Pl #1A Brooklyn, NY

This bright and welcoming one-bedroom co-op in Brooklyn Heights is ready for an immediate move-in. The recently renovated kitchen includes an oversized window, cabinet space, and stainless steel appliances, including a dishwasher. In the bedroom, owners will appreciate the room to spread out and the walk-in closet. The pet-friendly building includes a live-in super, laundry room, and additional storage spaces. Residents will appreciate their proximity to neighborhood favorites like Brooklyn Bridge Park, The Promenade, and shopping and dining opportunities.

61-20 71st Ave #J6C Queens, NY

Step into this penthouse two-bedroom condo in Ridgewood to witness stellar Manhattan views and luxurious finishes. With over 1,158 square feet of space, this oversized layout includes an open living room with a private balcony. The generously sized kitchen includes stainless steel appliances, a windowed dining area, and granite countertops. Each bedroom fits a king-sized bed, with the primary suite including a lavish bathroom and additional access to the private balcony. Owners can appreciate other unit features like the washer and dryer, environmentally friendly bamboo floors, and air conditioning. Located steps away from local restaurants, Joseph Mafera Park, and transportation, this unit makes an ideal living situation for a small family. This unit also has a low cap rate of 2.85%.

706 Riverside Dr #1B Manhattan, NY

With two bedrooms and 860 square feet of space, this fully renovated pre-war condo is sure to make a lasting impression. The completely redone eat-in kitchen includes a large window, custom cabinetry, a coffee bar, and a wine fridge. Each bedroom features a custom closet and oversized windows to let in the sunlight. In the bathroom, owners will find a brand-new walnut vanity with sleek finishes. The entire unit boasts nine-foot-tall ceilings, ten large windows, and a format foyer and gallery hallway. Residents will find a laundry room and storage opportunities in the building and can install their own washer and dryer upon approval. Owners will live within steps of Riverside Park and enjoy walks along the Hudson River, exploring local businesses and proximity to transportation.

943 St Marks Ave #3C Brooklyn, NY

With exposed brick and modern finishes, this two-bedroom condo in Crown Heights fuses classic and contemporary styles. Located on the second floor of a walk-up building, this pre-war unit opens into the spacious living room with white oak hardwood floors and the renovated kitchen that features stainless steel appliances like a dishwasher. Cross through French doors into the primary bedroom with a casement window and exposed brick, then venture into the bathroom to view a deep-soaking tub and a vanity. Residents can access laundry on the floor and use bike and general storage in the building. The unit resides steps away from the Brooklyn Botanical Gardens, Prospect Park, and other neighborhood hot spots.

300 W 23rd St #2A Manhattan, NY

Take part in the Chelsea real estate market with this one-bedroom co-op unit. Located in the center of the neighborhood, this home experiences little noise disturbance and includes original hardwood floors and ceiling fans. Residents will find a custom built-in bookshelf in the living room and an oversized window that lets in light. The pre-war building maintains its original charms throughout the Art Deco lobby, and residents can enjoy amenities like a full-time doorman, laundry room, and super. This unit recently experienced a price drop from $725,000 to $699,000, creating an advantageous opportunity for a savvy buyer. Located near Chelsea favorites like the Highline, Chelsea Market, Chelsea Pieres, and local restaurants, this unit is sure to make a welcoming home.