Top NYC Properties Under $500,000

What can you purchase today for $500,000 in NYC? Maybe more than you might think.  So we scanned the urban landscape and came up with these great apartments across the boroughs.   

Manhattan, Washington Heights 

Sometimes, you walk into an apartment and can immediately envision yourself taking residence. This lovely home at The Riviera, bathed in warm light, offers a touch of the past, with its noble ceilings, classic moldings and rich wooden floors. 

The living room conveys an intimate hospitality. It feels like a place one might sit to write a song or novel. The windowed kitchen is sleek and efficient, sporting new stainless steel appliances.  The generous proportions combined with the tall ceilings extends a sense of space. 

The Riviera, which opened in 1911, has retained much of its grandeur and remains a destination address for those wishing to live uptown.  The beaux-arts structure rises 13 floors and offers residents spectacular views across the Hudson. Wow your friends when they walk into the building’s marble lobby and gaze at the richly detailed coffered ceiling.

Put it all together, and you have a most desirable one bedroom home within easy walking distance of some of the city’s finest educational and recreational offerings.

Address: 790 Riverside Drive, 8-T

Size: 3 Rooms, 1 Bedroom, 1 Bath

Price: $498,000

View full listing details on Linecity

Agents: Thomas Hollingsworth/Javier Perez-Karam

Firm: Compass

Brooklyn, Kensington

This warmly renovated five room, two-bedroom stunner offers more than one could imagine for under $500k. With a split bedroom layout and an additional room for a den or home office, there is no shortage of privacy or personal space. Lined with charming wood floors, there is a tangible feeling of hearth and home from the moment you step across the threshold. The windowed pass-through kitchen is beautifully crafted, with copious amounts of space to create or entertain.

Ocean Parkway was originally inspired by the great boulevards of Europe and was conceived by Frederick Law Olmstead and Calvert Vaux, the design architects behind Central Park and Prospect Park. 820 is a divine postwar building with a set-back canopied entrance and a finely manicured front yard.  The co-op has a full-time doorman.

Address: 820 Ocean Parkway, 612

Size: 5 Rooms, 2 Bedroom, 1 Bathrooms [Approx 1,000 SF]

Price: $485,000

View full listing details on Linecity.

Firm: The Corcoran Group 

Agents: Salomon Danielov / Margarita Danielov

Fort Hamilton, Brooklyn

How about a fabulous prewar on Shore Road right across from Shore Road Park? This spacious, waterfront one-bedroom is presented in mint condition and features genteel architectural details.  An extended foyer offers a warm formal entry and flows beautifully under an arched opening into the living area. There is a separate dining alcove off the living area that can easily fit six.  The archways and the thick crown and base moldings unify the space and welcomes you into each room. The windowed kitchen boasts stainless steel appliances, marble countertops and plentiful cabinet space. The bedroom features an extended closet with elegant custom wood doors and inlaid glass. Whether you’re coupled or prefer to go it solo, this wonderfully warm and inviting four-room apartment offers ample room for personal growth.

This art-deco gem occupies an entire city block between 87th Street and 88th Street, just a few blocks north of Fort Hamilton High School.  The building has an elegant street entry and a finely manicured courtyard that leads to the building’s six separate entrances. 

Address: 8701 Shore Road, 237

Size: 4 Rooms, 2 Bedrooms, 1 Bath [Approx 834 SF]

Price: $460,000

View full listing details on Linecity.

Agent: Michelle Epstein

Firm: Keller Williams Realty Empire

Manhattan, Chelsea

If you’re looking to call Chelsea home, look no further than this charming pre-war studio  located in the heart of this destination neighborhood. This superb apartment presents the studio dweller with far more than the average two-room home.  There is an oversized formal entry framed with tiered crown molding that offers enough room for a small dining table. Step down a few stairs into the living space through the arched entry and absorb the room’s elegance.  Multiple walk-in closets provide more storage than most one bedrooms. A handsomely renovated windowed kitchen and a windowed bath round out the offering.  

Chelsea Gardens is a special co-op comprised of two six-story art-deco styled buildings on West 23rd Street and West 24th Street that surround an interior private garden.  This home is located in the heart of Chelsea and within a block of Whole Foods. Apartments don’t last long here.

Address: 255 West 23rd Street, 3-AW 

Size: Studio [Approx 500 SF]

Price: $499,000

View full listing details on Linecity.

Agents: Gil Neary & Daisy Dowleh

Firm: DG Neary Realty Ltd.

Queens, Jackson Heights

Take a step into this renovated three-room, one bedroom apartment and fall in love with its spaciousness.  Yes, Dorothy, you’re still in NYC. The space under this roof offers any future occupant the opportunity to put down their roots for a long while.  Aside from the generous room proportions, there is an oversized entry foyer and a windowed dining area to the rear of the kitchen. If you get tired walking about this oversized residence, enjoy a glass of wine on your private terrace; the beautiful historic townhomes across 85th Street provide and elegant backdrop to any long day.  With a foundation like this, the possibilities to create an enduring home are endless. 

Carlton House is a six-story building that almost stretches the entire city block.  It is located on a quiet street within the Jackson Heights Historic District. There is a private English garden to the rear of the building and a part-time doorman.

Address: 34-41 85th Street, 1-J

Size: 3 Rooms, 1 Bedroom, 1 Bath [Approx 900 SF]

Price: $489,000

View full listing details on Linecity.

Agent: Jessica Mileto

Firm: Keller Williams Realty Landmark

Queens, Jackson Heights

Visit Jac Towers and prepare to be greeted with majestic griffins guarding beautiful iron doors. This third floor home touches the soul.  Walking from room to room in this sincere one bedroom, 3.5 room apartment feels like a journey, like you’re being told a story or asked to share yours.  The oversized entry foyer offers a welcoming space with its uniquely peaked archways and deep base moldings. Accentuated by distinct hardwood flooring and paint schemes in each room, each space exudes its own personality. The ear-in kitchen is sleek and ready for action, the living room begs you to take a seat, and the corner bedroom, with its three windows and earth tones offers a warm and rejuvenating appeal. 

The Jax is a modest six-story prewar with just 48 apartments. Once you get past the mythical beasts guarding the building entry, absorb the beauty of the building’s marble lobby.  This is a non-doorman building.

Address: 35-05 72nd Street, 3-F

Size: Co-op, 3.5 Rooms, 1 Bedroom, 1 Bath [Approx 900 SF]

Price: $448,500

View full listing details on Linecity.

Agents: Armen Kojoyian / Armen Meschian

Firm: CORE

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