What You’ll Get in NYC for $875,000

New York City hosts the country’s fourth least affordable housing market, forcing buyers to carefully asses their budget and search criteria during the buying process. Buyers looking for larger apartments with multiple bedrooms can still find appealing options. The following units under $875,000 include pre-war charm, in-unit laundry, and private outdoor space.

77 W 55th Street #3E Manhattan, NY

This spacious two-bedroom provides an attractive opportunity for Midtown workers who prioritize a short commute. Owners will find two closets immediately upon entering the foyer, then turn right into the oversized living room with multiple windows. The windowed kitchen separates the two bedrooms and boasts stainless steel appliances, a dishwasher, and plenty of cabinet and counter space. Residents can use the smaller bedroom for various purposes, such as an at-home office or dining room. More closet spaces rest around the unit, with two closets off of the bathroom and an additional larger closet in the primary suite. This home resides in the Gallery House, a luxurious building with 184 units that presents sweeping views of the Manhattan skyline and Central Park. Throughout the building, residents can take advantage of amenities like a roof deck, parking garage, and laundry facilities.

702 45th Street #3L Brooklyn, NY

Families will find plenty of space to spread out in this three-bedroom co-op that is steps away from Sunset Park. This renovated home includes a modern kitchen with stainless steel appliances, butcher block counters, and space for barstool seating. Owners will find a wall of built-in bookcases in the living room, complete with multiple windows and dark hardwood floors. This room can remain as a living room space or convert to a bedroom, at-home office, or other recreational space. The remaining two bedrooms sit on opposite sides of the home, and the primary bedroom includes a spacious closet. Residents will acquire additional storage space within the home and live in a quiet building with bike storage, laundry facilities, and a live-in super.

37-16 80th Street #42 Queens, NY

This bright and welcoming co-op is ready to welcome new owners. The two-bedroom unit includes plenty of space with a living room, dining room, and separate home office, making this an appealing option for those who work at home. Owners will find two large windows and a wood-burning fireplace in the living room and plenty of space for a full dining room set off the kitchen. The renovated kitchen features custom cabinetry with quartz countertops, updated appliances, and a large exposed wooden beam. Each bedroom boasts enough space for plenty of furniture and includes closet space and ceiling fans. Pre-war charm flows throughout the home with hardwood floors, high-beam ceilings, and crown molding. Residents will find bike storage, laundry, and private storage in the basement, then walk through the complex to find gardens and outdoor seating. This unit has a low cap rate of 2.49%.

129 E 82nd Street #8A Manhattan, NY

Prospective buyers who are in the market for a classic Upper East Side pre-war home can consider this two-bedroom in a well-maintained building. The unit features original hardwood floors, high-beamed ceilings, and molding throughout. Upon entering the residence, owners can enter the kitchen or living room with in-unit laundry, plenty of windows, and space for a dining table. The bedrooms reside on the other side of the co-op and offer multiple closets and similar-sized floorplans. Buyers will gain access to the building’s additional amenities like a full-time doorman, live-in super, laundry facilities, and an eye-catching lobby. This unit is new to the market and rests a few blocks from Central Park and the Metropolitan Museum of Art.

500 4th Avenue #5D Brooklyn, NY

Buyers looking for a luxurious unit can consider this modern and oversized one-bedroom with access to various building amenities. The front door opens into the sprawling open-concept kitchen and living room space that features floor-to-ceiling windows and light hardwood floors. At-home chefs will enjoy marble countertops and stainless steel appliances, including a wine fridge and dishwasher in the kitchen. Owners will walk past the laundry closet into the bedroom, which features additional large windows and a walk-in closet. Throughout the apartment, residents can appreciate central heating and cooling, a luxurious bathroom, and a balcony with city views. Residents can explore the remainder of the building to find a fitness center, a private screening room, and a landscaped terrace. This building sits near Prospect Park, and the unit has a low cap rate of 3.02%.

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