Real Estate

What $550K Gets You in Manhattan and Brooklyn

What does $550,000 get you in Manhattan and Brooklyn? We took a look and rounded up these five apartments. They include a mix of condos and co-ops, new and old construction, and move-in-ready and fixer-uppers.

NYC Homes for Sale Brooklyn Manhattan Upper East Side Sunset Park Washington Heights Midtown Bed Stuy

by Hannah Frishberg

09/06/2016 4 minute 0

What can you buy with $550,000 in Manhattan and Brooklyn? We found a range of sizes and conditions.

One-bedrooms, old and new, dominate the central parts of both boroughs; those looking for more space will find two- and three-bedroom prewar apartments in more far-flung areas.

Our picks include a mix of condos and co-ops, new construction and prewar, and move-in-ready and fixer-uppers.

They range widely in neighborhood, from Manhattan’s Washington Heights, Upper East Side and Midtown to Brooklyn’s Sunset Park and Bed Stuy.

They all cost exactly $550,000.

Which one would you choose?

First up, on Manhattan’s Upper East Side, a one-bedroom, one-bath co-op in the Lenox Hill neighborhood. The building has a 24-hour doorman and parking, and the bedroom can accommodate a queen-sized bed.

420 East 72nd Street #2E
Price: $550,000
Area: Upper East Side
Broker: Douglas Elliman (Cynthia Jacinta Keskinkaya)
See it here ->

Next up, in Brooklyn’s Sunset Park, a small but pretty first floor two-bedroom, one-bath co-op directly across from Sunset Park’s eponymous green space. The unit boasts parquet floors, mahogany-stained doors and various other prewar details. The building has lounge rooms and bike storage.

661 41st Street #1A
Price: $550,000
Area: Sunset Park
Broker: Corcoran (Irine Blyumin, Peter Bracichowicz)
See it here ->

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Back in Manhattan is this Washington Heights three-bedroom, one-bath co-op with stunning views across the Hudson River and of the George Washington Bridge. An estate sale, the unit needs some work, but the wainscoting, hardwood floors and other prewar details are good reason to adopt this fixer-upper.

825 West 179th Street #5A
Price: $550,000
Area: Washington Heights
Broker: Citi Habitats (Julie Rose)
See it here ->

In Midtown east, in Turtle Bay’s Tudor City complex, is a one-bedroom, one-bath unit in a Gothic Revival co-op building with roof deck, 24-hour doorman and fitness room. Quaint and lovely, the building has lenient policies, allowing subletting and guarantors, according to the listing.

45 Tudor City Place #915
Price: $550,000
Area: Turtle Bay
Broker: Nest Seekers (George Ivanov, Simon Simantov)
See it here ->

Last up, back in Brooklyn is this Bed Stuy one-bedroom, one-bath in a new-construction condo building. The apartment has access to a private roof deck, an in-unit washer/dryer and appears bright, airy and clean.