Like New York City, the real estate market is slowly starting to recover, with hundreds of new apartment listings posted each day. With some industry experts calling it a buyer’s market due to an increase in inventory citywide, we’re taking a look at some of the best deals for apartments on the market that are listed for under $500,000. From a spacious two-bedroom with a balcony and an outdoor pool in Riverdale to a charming studio with unique architectural details in Prospect Heights, find out what $500,000 can get you in NYC right now.
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Listing photos courtesy of Warburg Realty
Famed architecture firm Pelli Clarke Pelli completed the LEED Platinum-certified Battery Park City condo tower The Visionaire in 2008, two years after construction began on One World Trade Center. Today, many of its apartments have stunning views of the tallest building in the western hemisphere, including this two-bedroom unit currently listed for $1,750,000. The unique shape of the living space, coupled with its 11-foot ceilings and floor-to-ceiling windows, put this view front and center.
Image courtesy of Governor Andrew Cuomo’s office
Puerto Rico-based architect Segundo Cardona and artist Antonio Martorell will design the Battery Park City Hurricane Maria memorial to honor the Puerto Rican community, Gov. Andrew Cuomo announced Friday. The pair’s design is the result of a review and selection process by the Hurricane Maria Memorial Commission, which selected the winning submission. Over one hundred proposals were submitted in response to a call for entries that began last August.
An aerial view of Battery Park City showing the Museum of Jewish Heritage, via Wikimedia Commons
“To address the disturbing number of anti-Semitic and other discriminatory attacks in New York, the Governor is proposing a first-in-the-nation domestic terrorism law,” reads a bullet point from Cuomo’s 2020 agenda. As part of this larger hate crime anti-terrorism act, the Governor has directed the Battery Park City Authority to develop an expansion plan for the Museum of Jewish Heritage – A Living Memorial to the Holocaust so that it will become a “learning destination for school children across the state.”
It’s been more than two years since reconstruction work on the St. Nicholas Greek Orthodox Church at the World Trade Center stopped due to lack of funding, but the project is finally set to resume. On Thursday, Governor Andrew Cuomo announced plans to form a new non-profit organization with an independent 13-member board—the Friends of St. Nicholas—who will oversee the remaining construction. The expected opening is slated for 2022.
Image via Wiki Commons
The search is on for the architect or artist who will design the Hurricane Maria Memorial in Battery Park City. Gov. Andrew Cuomo announced plans for the project last September, on the one-year anniversary of Hurricane Maria’s landfall. The tragic event claimed more than 3,000 lives and brought more than 11,000 displaced victims to New York. The memorial will be a way for the city to honor the victims and survivors, as well as the city’s strong connection to Puerto Rico.
Rendering by WXY architecture + urban design
A new pedestrian bridge in Lower Manhattan will open this fall, more than ten years after it was proposed, the city announced Wednesday. The 230-foot West Thames Street Pedestrian Bridge replaces the Rector Street Bridge, a temporary structure built after two bridges in the area were destroyed during the terrorist attacks on 9/11. Designed by engineer Thornton Tomassetti and WXY architecture + urban design, the $45 million bridge crosses West Street and connects Battery Park City with the Financial District.
De Blasio unveils $10B plan to flood-proof Lower Manhattan by extending shoreline into the East River, Thu, March 14, 2019
Via Mayor Bill de Blasio’s office
Mayor Bill de Blasio unveiled on Thursday a $10 billion plan to extend the coastline of Lower Manhattan as much as 500 feet to protect from future floods. The Lower Manhattan Coastal Resiliency project is the result of a study that looked at ways to build resilience in low-lying neighborhoods like the Financial District and South Street Seaport. The study found the only feasible measure for these areas would be extending the shoreline about two city blocks into the East River by adding a new piece of land at or above 20 feet from current sea level.
Newlywed star tenor (and private pilot) Michael Fabiano and husband Bryan M. Fabiano, associate director of the Metropolitan Opera’s board of directors, just put their pristine Battery Park City condo at 70 Little West Street on the market for $1,195,000. Floor-to-ceiling windows flood the space in light while custom built-in storage solutions make the 930-square-foot one bedroom as efficient as possible.
Photo courtesy of the Greek Orthodox Archdiocese of America
Last December, construction on the St. Nicholas Greek Orthodox Church at the World Trade Center stopped due to lack of funding. The Archdiocese has remained committed to finishing the construction of the church, which was destroyed during the 9/11 attacks. Recently, the Port Authority — who owns the land on which the church is sited at Liberty Street — said that it wants to help the church with its rebuilding efforts, as the New York Post first reported.