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.
675 Vanderbilt Avenue
Photos by Allyson Lubow, courtesy of The Corcoran Group
No matter how big or small, we could all use a work-from-home nook these days, and this lovely little studio in Prospect Heights has a perfect one. It also has a cool mix of industrial and old-world architectural details, including tin ceilings, exposed brick, and carved wooden window and door frames, along with creative, modern updates throughout. Located at 675 Vanderbilt Avenue, the co-op is asking $449,000.