Is it Possible to Find an Affordable Apartment in NYC?

Have you been considering moving to New York City recently? While the nightlife and culture may seem like it would fit your lifestyle perfectly, it might cost you.

Did you know that the average sales price in Manhattan was $1.9 million for condos in existing buildings in the third quarter of 2017? You may be thinking to yourself “Of course that’s expensive. You’re buying a condo.” But unfortunately, the cost to live anywhere in NYC is pretty high. So say bye-bye to the suburbia prices and let’s take a look at some of the “cheaper” NYC living options.

According to Curbed, it is possible to find a place in the city for $750,000 or less, but it might not be the home you’ve always dreamed of. In Greenpoint, you can find a one-bedroom apartment for $749,000 as the asking price. You’ll be able to get a 626 square-foot space that has high ceilings, recessed lighting, a modern kitchen, and even a small terrace. You might even be able to land your very own in-house washer/dryer combo. While this may seem like a great place for you and your significant other, what happens when you have kids?

In Greenwich Village, you can find a one-bedroom apartment on Bleeker Street for $725,000. You’ll get about 655 square feet of space with lots of windows and beamed ceilings. There is a kitchen, but it isn’t huge. Which makes it kind of hard for entertaining. If you plan to just live alone and not throw major parties, you should be pretty comfortable in a place like this.

Located in Hell’s Kitchen, you can find a one-bedroom apartment for $700,000. You’ll get one bathroom, a kitchen, a lot of closet space, and hardwood floors. Something like this that isn’t right in Times Square is a little more affordable and bigger, as many people are looking to live closer to the city center.

While the cost may be an issue, there are many perks to living in New York City. You won’t have to worry about any lawn maintenance as you won’t have any yard to take care of. You also won’t have to worry about cleaning out your home’s gutters. Gutters should be cleaned at least twice a year, but four times a year if your home is surrounded by pine trees. Your landlord isn’t going to expect you to climb on top of your 40-foot apartment building to make sure the gutters are rid of debris.

Living in NYC can be very expensive, but for many people, it’s worth it. There are places throughout the city that you can find for $700,000 and under. It just depends if your NYC dream is worth that price tag. Use sites like StreetEasy to find your dream home. And who knows, you might be able to find something a bit more affordable.