For those looking to purchase a new home in New York City without breaking the bank, there are options available that offer attainable luxury. While many may believe that all nice residences in the city are only within reach of the super-rich, there are buildings that offer high-quality design and amenities at a price point of less than seven figures. This means that prospective buyers may be able to find their dream home without compromising on quality or style.
In Manhattan, where the median sold price stood at $1,360,590 in March 2024, finding a property for less than seven figures is notable. Sarah Patton, co-head of CDMG NY, suggests that there are properties available that cater to first-time buyers and offer well-designed living spaces in desirable neighborhoods. Two examples of such developments are 111 Montgomery in Crown Heights and 171 North 1st in Williamsburg, where homes are priced under $1 million and offer a premier living experience while still providing easy access to Manhattan.
111 Montgomery in Crown Heights offers a collection of 163 condominiums with studios starting at under half a million dollars and two-bedroom residences priced from $928,000 and up. Residents can enjoy amenities such as a rooftop terrace with panoramic views, a sun-washed resident lounge, and a community garden for outdoor relaxation. With a lobby designed by Mesarch Studios and architecture firm Fischer + Makooi, the building offers a luxurious living experience in an ideal location.
Eastlight, a 34-story condominium in Manhattan’s Kips Bay enclave, offers studio apartments starting at approximately $827,000. With a tagline of “Sophistication Outside, Serenity Within,” the building features a range of amenities including a resident rooftop terrace with outdoor grills, multiple seating areas, and panoramic city views. Studio owners may have paid less than those in the penthouse apartments, but they have equal access to the building’s luxury amenities and features.
171N1 in Williamsburg offers a collection of 57 unique homes with studio, one-, two-, and four-bedroom boutique condominiums and townhomes. Designed by Fogarty Finger, the building features spaces flooded with natural light and sweeping panoramic views of the Manhattan skyline and Brooklyn Bridge from its private rooftop spaces. With close proximity to eateries, brew pubs, music venues, and parks, residents of 171N1 have access to the vibrant and lively atmosphere of Williamsburg. Available units in the building begin at $999,000, providing an affordable option for those looking for luxury living in a desirable location.