MANHATTAN — What kind of property can you buy in New York for just under $1 million? These three one-bedrooms are priced just below seven figures.
77 Seventh Ave., #11J, Chelsea
1 bedroom / 1 bathroom
Co-op
Approximately 725 square feet
$999,000
Maintenance: $1,076.11
Open House: Sunday, Sept. 13, noon-1:30 p.m.
Lowdown: Ruth Sobie, the Halstead broker for this apartment, knows the building well, considering she's lived there since 1986.
“I've sold numerous units in this building, and many of them I've sold more than once,” she said.
While many residents decided to remove the wall separating the kitchen, this particular unit still retains the wall — but a similar renovation could help open the space up, she noted.
The living and dining room have a large window facing west, offering a nice view of the sunset.
Both the living room and bedroom have parquet flooring.
The unit has "great closet space,” Sobie said, referring to a double closet in the bedroom, a deep closet outside the bathroom, one in the hallway and one in the foyer.
Another perk, she said, is that the maintenance price includes all utilities, and stays relatively low due to income from ground-floor commercial tenants.
As for the building itself, it has a common landscaped roof deck with panoramic views of the city, a full-time doorman, bike storage and laundry.
“It's a well-run, financially-sound building,” she said.
Location: The building is located three avenues west of Union Square and three avenues east of the Highline. The 1, 2 and 3 lines at 14th Street are located just outside the building, while the A, C and E at 14th Street is a block away.
Why put it on your open house calendar? “It's priced well as a one bedroom under $1 million,” said Sobie, “Considering the good location and how well-run the building is.”
160 Manhattan Ave., #1B, Williamsburg
1 bedroom / 1 bathroom
Condo
Approximately 1,320 square feet
$999,000
Common charges: $499
Monthly taxes: $23
Open House: Sunday, Sept. 13, noon-1:30 p.m.
Lowdown: "This apartment is different than what Williamsburg typically has to offer," said Corcoran broker Stefanie Barlow.
Although this one-bedroom condo is located in a newly constructed building with a “nondescript facade,” according to Barlow, it's a unique duplex with a lot of outdoor space.
This unit is located on the ground-floor with one other apartment, and includes a lower-level recreation area.
Originally configured with its bedroom on the first floor, the current owner is using the space as a living room and carved out two bedrooms on the lower floor.
Upstairs, the kitchen has distinctive large windows. In the living room, there are large glass doors that open to a patio. The patio has a metal staircase leading down to a full, private garden.
“It's like an oasis in the city,” said Barlow, who noted that the overgrown garden will likely need some landscaping.
Downstairs, there's enough space for a large master bedroom and a small and narrow second bedroom. From here, there's access to another small patio for a total of three outdoor spaces.
While this weekend marks the first showing for the apartment, Barlow said she's already had tons of inquiries to view the space early.
"That's pretty common in this neighborhood. Apartments get extra exposure when they're under $1 million," she said.
Location: The building sits on the border of East Williamsburg and neighboring Bushwick, off the Montrose Avenue L stop. Nearby on Graham and Montrose Avenues are plenty of bars, restaurants and shops. There is a park a half block north of the building that's flanked by four blocks of public housing projects.
While the L train is three blocks east, the J and M trains at the Hewes Street station are about a 10-minute walk west.
Why put it on your open house calendar? “All the interior and exterior space,” said Barlow. “You're getting a better deal here than a two-bedroom located on a higher floor asking the same price.”
333 Rector Pl., #1010, Battery Park City
1 bedroom / 1 bathroom
Condo
Approximately 866 square feet
$995,000
Common charges: $1,025
Monthly taxes: $1,016
Open House: Sunday, Sept. 13, 12:30 to 2 p.m.
Lowdown: This apartment is located in Battery Park City's One Rector Park, a rental building that was converted into a condo more than five years ago.
“The first thing that jumps out, and is unique to other apartments in the building, is the kitchen,” said RealDirect founder Doug Perlson.
In most other building units, the kitchen is typically one size and L-shaped. But the sellers built out an open kitchen with a custom-made island and open seating area.
“It changes the whole feel of the apartment, creating a huge work space within the kitchen,” said Perlson.
The kitchen opens up into the living room, which has enough space to fit a modest dining room table. Just outside the living room, there's access to a private balcony that's large enough to fit a two-seat table.
“You get great river views from the balcony, although not from the rest of the apartment,” said Perlson.
The master bedroom comes with a walk-in closet. As for the single bathroom, “it's like a spa,” Perlson said, referring to a deep soaking tub.
Some other amenities include a washer and dryer in the unit, as well as iPod docking stations with speakers in the bedroom and bathroom.
Building amenities include a 24-hour concierge, a playroom, fitness center and resident lounge.
“The building was built with the luxury lifestyle in mind,” said Perlson.
Location: One Rector Park is located right on the edge of Rector Park and just a half block from the Hudson River esplanade. About two blocks south of the building is the entrance to Battery Park. The closest subway stations are within the Wall Street hub — about a 5-minute walk — where you can catch the 1, 2, 3, 4, 5, R, J and Z trains.
Why put it on your open house calendar? “It's the best combination of indoor and outdoor space with luxury amenities and fixtures for under $1 million in Lower Manhattan,” said Perlson.
