Lucy Cohen Blatter

This studio at 125 Court Street, between Atlantic Avenue and State Street, is at the intersection of Brooklyn Heights, Cobble Hill, and downtown Brooklyn. And though the monthly rent is $2,795, the current tenant will pay one month's rent, which makes your net effective rent  $2,487.

According to the most recent market report for Westchester, the median cost of a single-family home in the area at the end of 2015 was $565,000. So at $519,000, this Tudor-style house in the river town of Ardsley is something of a steal.

Your eyes may have very well popped out of  your head when you read that the median price of a Manhattan apartment is now $1.15 million, but rest assured, despite the fact that prices are creeping up, Queens and Brooklyn are still, overall, much more affordable.