Below, these featured NYC apartment deals offer options from $555,000 to $1050,000
Are you on the market for a new apartment that’s not only beautiful but also a great investment? If you’re looking to buy but also interested in the possibilities of renting the place out, check out RealtyHop – our new sales-focused site that provides not only typical listing details like square footage and building amenities but also offers additional insight into each property’s estimated investment potential using years of rental data that we’ve accumulated via RentHop. It’s a great way to tell if a property you’re looking to purchase is something that is a NYC apartment deal or just a property with ownership benefits.
Cap Rates for Better Insight
Each listing comes with a cap rate, a number that we use to represent the annual operating profit—which is the estimated rental income minus yearly expenses and common charges divided by the asking price. (This estimated rental income is based on the asking rents of comparable neighborhood properties, assumes 100% occupancy, and doesn’t take into account such things as the cost of repairs, advertising, closing costs, or sublet fees paid to the board.) Just be sure to remember that since co-op buildings are pretty restrictive about subletting, the cap rate analysis is more useful if you’re looking for a condo.
Six Luxurious NYC Apartment Deals
333 West 21st Street
First runner up, we’ve got a stunning 1 bedroom, 1 bathroom Chelsea co-op at 333 West 21st Street, #1 FE for $650,000.
This charming one-bedroom apartment bedroom with high ceilings and exposed brick comes with a quaint fireplace and a cozy bedroom located in the rear of the apartment. Located in the middle of Chelsea, it’s close to the High Line and some of the most unique restaurants and stores the city has to offer! Maintenance is $715 a month, and the estimated cap rate is 4.86%.
529 Court Street
Next, a 2 bedroom, 2 bathroom Carroll Gardens condo at 529 Court Street, #202 for $1050,000.
Optimally designed, this apartment has a well-planned layout that comes with plenty of storage, west-facing windows, and adequate living room and kitchen space. Other amenities include access to the building’s roof deck, bike room, and storage space. Maintenance is $700 a month, taxes are $28 a month, and the estimated cap rate is 4.60%.
636 East 14th Street
Still not wow’d? We got a 2 bedroom, 1 bathroom co-op at 636 East 14th Street, #17 for $670,000.
Designed with stunning 12-foot high ceilings, this pre-war-styled two-bedroom apartment comes with the most gorgeous chandeliers and exposed brick walls. The building also offers bike storage and a private backyard for entertainment purposes. Maintenance is $662 a month, and the estimated cap rate is 4.90%.
42 Maspeth Avenue
Next up, a studio, 1 bathroom condo at 42 Maspeth Avenue, #2B for $599,000.
Looking for something a modern instead? Well, this studio apartment located in Williamsburg features amenities such as white satin-finished oak flooring, dazzling kitchen appliances, and a marble bathroom that comes with a soaking tub. Maintenance is $328 a month, taxes are $10 a month, and the estimated cap rate is 4.93%.
80 Adelphi Street
Second to last, we got a one-bedroom, one-bathroom condo at 80 Adelphi Street, #3A, for $555,000.
Filled with plenty of sunlight, this apartment unit features Brazilian walnut flooring, high ceilings, and a balcony. For those who love to cook, you’ll simply fall in love with the kitchen, which features a breakfast bar, Caesar stone countertops, stainless steel appliances, and more! Maintenance is $460 a month, taxes are $11 a month, and the expected cap rate is 5.36%.
26 East 63rd Street
Last but not least, a studio, 1 bathroom condo at 26 East 63rd Street, #4-E, for $645,000.
This gorgeous studio apartment offers a brand-new renovated kitchen and bathroom, crown moldings, 10-foot high ceilings, and two decently sized closets! The building has an elevator and a full-time doorman! There is also laundry located in the building! Maintenance is $353 a month, taxes are $417 a month, and the expected cap rate is 4.94%.
Are you not ready to buy, but you’re in the deal for a NYC apartment deal? You can take a look at apartments for rent in any of the five boroughs and beyond.
