This week the influential business publication Crain’s wrote about the hot market in the city for “starter apartments.” The studio and one-bedroom market is surging, according to recent market data. Here’s a look at three new CORE listings for the types of properties that buyers are snatching up at a rapid pace.
Where: 34 East 38th Street, 4-B
Size: loft studio, 1 bathroom
Asking: $429,000
Listed by: Elizabeth Kee
Murray Hill has some of the most beautiful and historic townhouses of any neighborhood in New York, a fact that often gets overlooked. This studio with a great lofted sleeping nook is located within one of those houses in the quaint neighborhood, on one of the best blocks, just off Park Avenue South. Totally renovated with its own fireplace, this is a starter home with lots of character.
Where: 253 West 16th Street, 6-E
Size: 1 bedroom, 1 bathroom
Asking: $450,000
Listed by: Lawrence V Treglia
Chelsea has a reputation for being trendy, in demand, and expensive. And while the first two may be true, that last quality isn’t — at least not always. This lovely top-floor starter home has large windows and high ceilings, making you feel like you’re in a much larger loft space, adding to the theory that sometimes cubic feet can make all the difference over square feet.
Where: 200 East 24th Street, 508
Size: 1 bedroom, 1 bathroom
Asking: $475,000
Listed by: Lindsee Silverstein
Thanks to gated and keyed Gramercy Park, the neighborhood of Gramercy is associated with some of the priciest and most desirable real estate in all of New York. But that doesn’t mean that someone looking to buy their first place in Manhattan can’t enjoy the calm and bucolic streets of this neighborhood. This one-bedroom apartment on East 24th Street has a separate living area and dining area, all in a doorman building. The building also boasts some breathtaking outdoor space and the unit itself is in mint condition. And at less than $500,000, it’s a great starting point.