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
Cool Listings, Prospect Heights
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.
MOST POPULAR ARTICLES
For $4.5M, live in NYC’s real-life Arconia condo seen on Hulu’s ‘Only Murders in the Building’ 
20 underground and secret NYC attractions you need to check out 
John Legend and Chrissy Teigen list pair of penthouses in Nolita for $18M 
Hochul outlines replacement for New York’s expiring 421-a tax break program 
SNL’s Pete Davidson and Colin Jost rescue retired Staten Island Ferry boat for $280K 
John Steinbeck’s former Upper East Side home, complete with his original writing desk, asks $5M 
Live in a new luxury Long Island City rental, from $1,486/month 
It doesn’t get much grander than this $20M townhouse on the Upper East Side