This is quite the appealing one-bedroom, one-bathroom apartment, located on the first floor of the Harlem cooperative 1919 Madison Avenue. And it’s asking $512,000, a reasonable price for NYC real estate. There is, however, a catch behind that asking price. This is an HDFC apartment, meaning that to qualify to buy it you may need to make less—rather than more—money. (Such tight income restrictions have kept hundreds of HDFCs empty around the city.) Still, the apartment value has seen a boost in recent years, as it last sold in 2013 for $140,000.
It’s rare to see a habitable—much less chic and renovated—apartment in most of Williamsburg for anything even close to the $360,000 this cozy co-op is going for. There’s a reason, of course; this “junior-one” at 648 Grand Street is an HDFC co-op, though the income cap isn’t mentioned in the listing yet. For a qualified buyer the bright, cozy space offers a home that’s easy on the eyes as well as the wallet.
With a subtle and stylish renovation, lots of irresistible textures like pale wood and whitewashed brick, and tons of sunlight, this two-bedroom co-op at 111 South Third Street in prime south Williamsburg is the kind of home you don’t see every day in this city. Its $665,000 ask, while not dirt cheap, is well below the average market price for two bedrooms in this neighborhood. Some caveats: The apartment is only 680 square feet (though there are indeed two bedrooms); it’s a walk-up though only on the third floor; and it’s an HDFC income-restricted co-op, which is why the price is lower than average. But none of those things make this lovely little apartment seem any less like a charming, chic flat right out of Amsterdam.