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Open House Weekend Agenda: Multi-Bedroom Apartments for Less Than $1M

By Donna M. Airoldi | July 19, 2013 7:41am
 Three New York apartments with two or more bedrooms listed for less than $1 million.
Open House Roundup for July 19
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150 W. 55th St., Apt. 8D, Midtown, Manhattan

2 Bedrooms/ 1.5 Baths
Maintenance: $2,253.20/month
1,170 square feet
Open House: Sunday, July 21, 11:30 a.m. to 1 p.m.

Lowdown: The seller of this good-sized two-bedroom apartment in the heart of northern Midtown just reduced the price from $927,500.

With a number of built-in features, the unit is efficiently designed for a pre-war space. There are eight closets, four bookshelves, a bench along the window in the second bedroom, and plenty of shelving in the kitchen.

"All the places around that area look like cookie-cutter apartments, but this one really looks like a home," said Susan Turner, one of the Bond New York brokers handling the sale of the apartment with north, south and west exposures.

The nine-story building requires a 25 percent down payment, and maintenance might appear a bit high, but for the apartment's location and size, it's not out of line.

Location: It doesn't get much more centrally located than this, with Carnegie Hall and Central Park just a few blocks north, and Broadway theaters a few blocks to the south. Many of New York's best restaurants are nearby, as are the shopping meccas of Fifth Avenue, 57th Street and Madison Avenue. Seven subway lines are within two blocks.

Why put it on your open house calendar? It isn't often that a well-configured two-bedroom in a full-service building near Central Park comes on the market for less than $900,000. Plus, Turner brings a spread of hors d'oeuvres and refreshments, including petit fours.

37-27 86th St., Apt. 4B, Jackson Heights, Queens
1 Bedroom/ 1 Bath
650 square feet
Maintenance: $652/month
Open House: Sunday, July 21, by appointment only.

Lowdown: Though currently configured as a one-bedroom, this pre-war unit in the heart of Jackson Heights has a foyer large enough for an eating area or office space, so the dining room could easily be converted into a second bedroom or nursery.

The seller also recently reduced the price and is throwing in a year's worth of free parking — a $1,200 value.

"Parking is hard to come by in the area, so the free garage space for one year is a great incentive," said Jon Fisher, vice president at Douglas Elliman Real Estate.

The apartment could use "a little TLC, but you don't need to spend a lot to make it great. It also gets excellent western light," Fisher added.

The pre-war building directly across the street is only five stories, so the light rolls in and brightens every room, he explained.

Location: Situated between Roosevelt and 37th avenues, it's a short walk to the restaurants, street vendors and food shops — from South America to South Asia — that make this neighborhood a dining destination. It's also close to the 7 train, and the apartment sits just outside one of the boundaries of Jackson Heights's landmark district, so there won't be a new taller building erected across the street that could potentially block the unit's western light.

Why put it on your open house calendar? Jackson Heights sales and prices jumped 15 percent last quarter, so it's a good value for a place that can easily be converted to a two-bedroom.

Interested buyers need to RSVP to Fisher via email jfisher@elliman.com or phone (917) 575-1934 to schedule an appointment for Sunday.

2601 Henry Hudson Parkway, Apt. 2DE, Riverdale/Spuyten Duyvil, Bronx
3 Bedrooms/2 Baths
1,900 square feet
Maintenance: $1,528/month
Open House: Sunday, July 21, 1 to 2:30 p.m.

Lowdown: This new listing has several spacious rooms because it's really two apartments that have been combined into one.

Though it's on the second floor, the three-bedroom unit has river views and gets plenty of light, thanks to its southwest corner location and two balconies, which are enclosed but lined with windows. One even has a built-in gas grill for year-round barbecuing.

"It's like country living with all the city advantages," said Joanne Altritt, broker with Robert E. Hill, Inc., which specializes in Riverdale and Kingsbridge listings.

Just in case nearly 2,000 square feet isn't enough, there's a separate office and storage space with a full bath located in the basement, available to rent for $500 per month.

Location: Henry Hudson Park and Spuyten Duyvil Shorefront Park are steps away. There's not much around in terms of stores, but the 1 subway station at 231st Street and shops along Broadway are accessible within 15 minutes, via the Bx10 and Bx20 buses in front of the building. The Spuyten Duyvil Metro North station is walking distance; it's about 23 minutes to Grand Central. Parking is available without a waiting list, Altritt said.

Why put it on your open house calendar? It's like having twice the space for the price of a single apartment.

Upon arrival, interested buyers should call Altritt at (914) 309-8077.