Affordability and Manhattan real estate don’t exactly go hand-in-hand.
The median sales price of a condominium in the New York City borough was $1.57 million in the second quarter of 2016, six times more than the median existing-home price across the U.S., which stood at $244,100 in July.
However, those unwilling to venture to an outer borough might find it’s easier to uncover a bargain in Manhattan than they think.
Real estate data provider PropertyShark searched for the least expensive homes for sale in Manhattan’s 10 most expensive neighborhoods. The result: properties ranging from $380,000 to $1.75 million that are well below their area’s median prices.
Here, the cheapest available listings in Manhattan’s most exclusive areas:
Neighborhood: Carnegie Hill Address: 30 E. 95th St., #3C Asking price: $380,000 Median sale price: $2.35 million This newly renovated apartment just one block from Central Park is six times less expensive than the neighborhood median. It is only a studio, but with high ceilings, a new bathroom and two closets—one of which is a walk-in—it might be a good start for those not willing to compromise on location. See full listing.
Neighborhood: NoMad Address: 139 E. 33rd St., #9M Asking price: $410,000 Median sale price: $2.53 million Located in a building with a 24-hour doorman and laundry, this co-op studio could be an earnings generator for its future owner, as subletting is allowed after just one year of occupancy. See full listing.
Neighborhood: Greenwich Village Address: 50 E. 8th St., #5V Asking price: $425,000 Median sale price: $2.01 million
This studio is large enough to accommodate a queen-size bed, dining table and home office, according to the listing. There are three closets, and the bathroom features a shower/tub combo. Monthly maintenance of $933 includes electricity. See full listing.
Neighborhood: SoHo Address: 110 Thompson St., #5D Asking price: $429,000 Median sale price: $3.25 million
With abundant light, treetop views, low maintenance ($654) and a quiet locale, according to the listing, this apartment boasts high ceilings and exposed-brick walls. It is located a short walk from several subway lines. See full listing.
Neighborhood: Flatiron District Address: 16 W. 16th St., #1UN Asking price: $699,000 Median sale price: $2.07 million
Fully renovated, this studio has high ceilings and views of West 16th Street. The kitchen has granite countertops, and French doors separate an alcove sleeping area from the rest of the apartment. There is new wood flooring and crown molding throughout. The Chelsea Lane, the building where the apartment is located, has a 24-hour doorman, laundry, storage, bicycle room and garage access. If you are in the area, you can drop by an open house Sunday, Aug. 28, from 2:30 p.m. to 4 p.m. See full listing.
Neighborhood: Hudson Square Address: 246 Spring St., #2904 Asking price: $775,000 Median sale price: $2.25 million
Located in the luxury Trump SoHo hotel, this 29th-floor, south-facing apartment offers views of downtown Manhattan and the Hudson River, according to the listing. It is fully furnished by Fendi Casa and has European cabinetry, a spacious marble bathroom and floor-to-ceiling windows. Hotel amenities include a fine-dining restaurant, spa, cocktail lounge, library, seasonal pool and 24-hour concierge. Owners can occupy the unit for up to four months and rent it for income the rest of the time. See full listing.
Neighborhood: Garment District Address: 100 W. 39th St., 40A Asking price: $899,000 Median sale price: $1.58 million
Steps away from Bryant Park and close to multiple subway lines, this alcove studio with city views has enough room for a queen-size bed, dining and living areas and more, according to the listing. The kitchen features top-of-the-line stainless steel appliances and a white marble breakfast bar that seats four. Building amenities include a full-service concierge, parking, laundry facility and gym. See full listing.
Neighborhood: Tribeca Address: 57 Reade St., #4C Asking price: $900,000 Median sale price: $4.24 million
With East and Hudson River views, this one-bedroom apartment in the heart of Downtown Manhattan has an open layout with high ceilings, floor-to-ceiling windows and a gourmet kitchen. The building offers a common terrace, fitness center, 24-hour doorman and bicycle storage. See full listing.
Neighborhood: Little Italy Address: 133 Mulberry St., #6C Asking price: $1.37 million Median sale price: $2.73 million
Located in a converted loft building with a roof deck offering panoramic Manhattan skyline views, this apartment features an open layout, high ceilings, ample closet space and original architectural columns throughout. The kitchen has high-end appliances, and there’s a deep-soaking tub in the bathroom. See full listing.
Neighborhood: NoHo Address: 304 Bowery, #5A Asking price: $1.75 million Median sale price: $3.47 million
This renovated duplex penthouse with two bedrooms and one-and-a-half bathrooms offers four exposures and 360-degree views of the city skyline. The lower level features a great room, an open chef’s kitchen and a marble powder room for guests. The upper level has the two bedrooms, a marble full-bathroom and a terrace accessible from both bedrooms. See full listing.