With so much focus given to top-of-the-market condo sales and listings, we decided to take a look at the condos at the more “affordable” end of the spectrum, highlighting available apartments priced furthest below their neighborhood median prices. This week we take a look at five listings in five neighborhoods: Chelsea, Park-Fifth Avenue between 50th and 79th streets, Fort Greene, and Murray Hill. But first, be sure to check out 6sqft’s interactive maps which pinpoint five of the best available condo bargains in every Manhattan and northern Brooklyn neighborhood compared with their median prices.
According to CityRealty’s December Market Report, the average sale price for condos in Manhattan stood at $2.5 million or $1,744 per square foot. The priciest neighborhood for closings in the 30-day period was Greenwich Village, recording an average closing price per square foot of $3,171, followed by the West Village ($2,399 /ft²) and Carnegie Hill ($2,319 / ft²). The neighborhoods with the lowest condo price per square foot averages were in the Financial District ($1,248 /ft²) and Turtle Bay/United Nations ($1,380 /ft²).
Park/Fifth Avenue-From 59th Street to 79th Street
Neighborhood median condo price per square foot: $3,253
30 East 72nd Street, #9A: 44 percent below the neighborhood condo median
6 bedrooms / 4.5 baths / 3,752 square feet
$6,900,000 ($1,839 per square foot)
While the area is better known for its old-world feel and exclusive co-ops buildings, there are a handful of condo conversions and post-war builds dotting the wealthy enclave. This sprawling 3,752 square foot corner unit in 30 East 72nd Street is priced below the neighborhood median of $3,253 per square foot; coming in at an even $6,900,000 or $1,838 per square foot. The listing describes the two-level, open floor plan as a blank slate, and can accommodate six bedrooms and 4.5 baths. The unit is provided a private keyed elevator entrance and is situated a block away from Central Park and overlooks the storied Carlyle Hotel. You can see the full listing here.
Neighborhood median condo price per square foot: $975
Strivers Gardens, 300 West 135th Street, #3G: 29 percent below the neighborhood condo median
2 bedrooms / 2 baths / 1,032 square feet
$715,000 ($693 per square foot)
This two-bedroom home in the recently built Strivers Gardens towers in Central Harlem boasts parquet floors, high ceilings, and a chef’s kitchen equipped with stainless steel appliances and granite countertops. Building amenities include a full-time doorman, 24-hour concierge, on-site superintendent, bike and storage rooms, fitness center, and resident lounge and a landscaped courtyard and garden. You can see the full listing here.
Neighborhood median condo price per square foot: $1,175
Verdi on Adelphi – 80 Adelphi Street, #3A: 17 percent below the neighborhood condo median
1 bedroom / 1 bath / 570 square feet
$555,000 ($974 per square foot)
This one-bedroom condo is situated in the 16-unit Verdi on Adelphi building in Fort Greene. The corner unit boasts Brazilian walnut floors, high ceilings and a large balcony. Common amenities include a tenant’s roofdeck with skyline views and central AC. The building is short walk to the mom and pop stores of Myrtle Avenue, and close to Fort Greene Park. Tax abatement through 2025. You can see the full listing here.
Neighborhood median condo price per square foot: $1,507
The Greentree – 248 West 31st Street, Unit #5A: 34 percent below the neighborhood condo median
1 bedroom / 1 bath / 1,184 square feet
$1,185,000 ($1,001 per square foot)
This apartment at the Greentree Condominium features a wood-burning fireplace, two private terraces, and a windowed eat-in kitchen. The home also provides a washer/dryer and individually controlled heat and AC. Building amenities include 24-hour doorman, on-site superintendent, tenants’ storage, and a landscaped roof deck with a grill. You can see the full listing here.
Neighborhood median condo price per square foot: $2,073
121 West 15th Street, GDNDPLX: 47 percent below the neighborhood condo median
2 bedrooms / 2 bathrooms / 2,366 square feet
$2,595,000 ($1,096 per square foot)
Since we last featured this “grotto-esque garden duplex,” its price has been cut 33 percent, down from $3.9 million. The duplex condo is nestled within a townhouse on a tree-lined block near where Chelsea meets the Village.
According to the listing, the home features keyless entry through a private entrance leading into a modern eat-in kitchen with concrete counters, Thermador appliances, an extra-wide 48-inch SubZero refrigerator. The unit contains three woodburning fireplaces, a grand illuminated glass staircase that leads down into a dramatic living room with soaring ceilings, a water feature, and a wet bar. Outside is a large private backyard equipped with a teak hot tub, grill, outdoor wet bar, and lush greenery. See Full Listing Here
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