The downside? Besides being stricken by the total absence of natural light, the storage room “cannot be used as a residential property unless it is legally combined with the adjacent apartment,” a 900-square-foot one bedroom/one bath unit on the market for $849,000.
Yes, Manhattan real estate is “different.” Just how different? Take a look at these three other cites around the country and see what $100,000 can buy:
A search on Realtor.com resulted in a whopping 7,607 properties for sale for less than $100,000 in Las Vegas, one of the hardest hits markets. Admittedly, many of them are less than impressive, but this 3 bedroom/3 bath 1608 square foot home (pictured, inset left) is now listed for $100,000, having sold for $148,050 in 2003 and $240,000 in 2006. An added bonus, it is found on “Ten Gallon Court.”
A search for properties for less than $100,000 in Santa Fe, a healthier market, returned a much less robust 20 results. While there are no 1,600 square foot single family homes available, this 1250 square foot 2 bedroom/2 bath unit, in good condition, is offered for $79,000. Price per square foot? $63, about a fifth as much as the NoHo storage locker.
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