A price of $1.5 million probably doesn’t sound reasonable if you’re not in tune with New York’s real estate market, but considering the city’s climbing costs, it’s on the low end of the pricing scale. If you’re in the market to buy and approved to spend up to $1.5 million, here’s what you’ll get for your money in Manhattan vs. Brooklyn.
172 Madison Ave #8C, Nomad
1 Bed/1.5 Bath Condo
With 891 square feet and one bedroom and one and a half baths, you’ll get luxurious finishes and sleek appliances in this new condo building. Common charges run $1,332, and monthly taxes come in at $333, for an estimated monthly payment of $7,925 for a pad in one of Manhattan’s most desirable nabes.
79 South 5th St, #601, Williamsburg
2 Bed/1.5 Bath Condo
This two-bedroom, one-and-a-half-bath condo in a former factory building boasts 951 square feet and details such as high ceilings, Moroccan mosaic tile, custom iron doors, and copper accents. The loft-like apartment’s common charges run $904, and the taxes will set you back only $85 per month, for an approximate monthly payment of $7,249.
46 W 83rd St, #7A, Upper West Side
2 Bed/1 Bath Co-op
Only a half block to Central Park, this two-bedroom, one-bath co-op contains original details such as French doors with curved transoms, and modern conveniences include built-in bookcases and a washer/dryer. A backyard garden might be the ultimate deal sealer, but storage units and the southern exposure are bonuses. Current maintenance charges are $1,416, so you’d end up with an approximate payment of $7,676.
125 Eastern Parkway #1A, Prospect Heights
3 Bed/2 Bath Co-op
Brand new on the market, this co-op apartment with 1,400 square feet will comfortably nest a family of four. Carefully renovated, the unit gets plenty of natural light and comes with lush Brooklyn Botanical Garden views. The building does not have a doorman, but the super lives on-site, full time. Monthly maintenance charges come in at $1357, and the estimated total payment is $7,930 per month.
2073 Frederick Douglass Blvd #2, Central Harlem
2 Bed/2 Bath Condo
A sprawling two-bedroom floor-through unit is available in Gloria’s Garden in Central Harlem. Situated in the center of Harlem’s Restaurant Row, this completely renovated unit offers keyed elevator access, a private balcony, and a 1,000-square-foot garden. You can’t beat this uptown location blocks from Central Park, Morningside Park, and St. John the Divine Cathedral. With its abatement through 2028, taxes are just $13 per month and common charges at $944. Total expenses per month would run at about $7,196.
One Hanson Place, Williamsburg
2 Bed/2 Bath Condo
Set up home in this rarely available Williamsburg Savings Bank Tower apartment on the edge of Fort Greene, Boerum Hill, Prospect Park, and Downtown Brooklyn. With two bedrooms and two baths and an open living/dining/kitchen layout, the 1,300-square-foot unit could accommodate a family, couple, or roommates. The long list of amenities includes a doorman, gym, playroom, and furnished common terraces. Common charges price at $1240, and low taxes are just $146 per month. All in, your payment would end up around $7,646.