The Market

5 Manhattan one bedrooms for sale under $1,000,000 that can be used as a pied-à-terre

  • StreetEasy has over 2,780 apartment listings in buildings that allow pieds-à-terre
By Austin Havens-Bowen | November 16, 2022 - 9:30AM

This East Village one bedroom, one bath is listed for $999,000.

Compass/StreetEasy

There are some compelling reasons to buy a pied-à-terre in Manhattan now. The market favors buyers, at least the ones who can pay cash and avoid the high cost of borrowing—and close quickly. While prices are still rising, they're not rising as fast as they have been. Sales have slowed and there are fewer international buyers scooping up second homes in NYC, so you'll face less competition.

Another reason: The shift to working from home means many New Yorkers are treating what was once their primary residence as a pied-à-terre, even in buildings that don't allow this practice. As a result, some co-ops are under pressure to change their pied-à-terre policy, which would apply to new buyers as well.

Apartment inventory is down right now across the city, but there are 2,781 Manhattan apartments in buildings that allow pieds-à-terre listed on StreetEasy. Many of these apartments are new or have been renovated, so you’ll have a move-in ready place with perks like high-end appliances and new finishes—which is good for you since you won’t be living here full time to deal with renovations. Most of these buildings also have amenities like doormen, outdoor space, and live-in supers.

To help with your search, here are five places under $1,000,000 in buildings that allow pieds-à-terre in West Chelsea, Sutton Place, Battery Park City, Carnegie Hill, and the East Village.

458 West 20th St., #5A, West Chelsea 

This one bedroom, one bath is listed for $895,000. Apartment #5A features stainless steel appliances, a breakfast bar, marble quartz countertops, high ceilings, new hardwood floors, recessed lighting, pocket doors, and in-unit laundry. Monthly maintenance is $2,050. No board approval required. The High Line and Clement Clarke Moore Park are nearby. 

420 East 58th St., #25B, Sutton Place 

This one bedroom, one bath is listed for $900,000. The condo has hardwood floors, high ceilings, moldings, stainless steel appliances, oversized windows, a balcony, and in-unit laundry. Amenities include a live-in super and doorman. Monthly common charges are $1,042 and monthly taxes are $949. Trader Joe’s and Sutton Place Park North are nearby. 

21 South End Ave., #PH1P, Battery Park City  

This one bedroom, one and a half bath is listed for $939,000. The penthouse features floor-to-ceiling windows, high ceilings, hardwood floors, a lofted bedroom with a full bath and walk-in closet, stainless steel appliances, and in-unit laundry. Amenities include a live-in super and bike room. Monthly common charges are $1,696 and monthly taxes are $1,285. South Cove Park is nearby.

108 East 91st St., #PHB, Carnegie Hill 

This one bedroom, one bath is listed for $995,000. Apartment #PHB features a wood-burning fireplace, stainless steel appliances, granite countertops, built-ins, hardwood floors, recessed lighting, a wraparound terrace, and a home office. Amenities include a doorman, bike room, and live-in super. Monthly maintenance is $2,703. Central Park and the Guggenheim are nearby.

141 East 3rd St., #2E, East Village 

This one bedroom, one bath is listed for $999,000. It has parquet floors, oversized windows, beamed ceilings, millwork, moldings, modern light fixtures, stainless steel appliances, white quartz countertops, and a foyer. The building has a bike room, package room, and doorman. Monthly maintenance is $1,979. Tompkins Square Park is nearby. 

 

Austin Havens-Bowen

Staff Writer

Staff writer Austin Havens-Bowen covers the rental market and answers renters' questions in a column called Realty Bites. He previously reported on local news for the Queens Ledger and The Hunts Point Express in the Bronx. He graduated from Hunter College with a BA in media studies. 

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