5 NYC one-bedroom condos for sale with monthlies under $900
- Buildings with scaled-back amenities have lower common charges
- Tax abatements and low monthlies can help offset higher mortgage rates
If you’re looking to buy a condo in New York City, finding an apartment with low monthly carrying costs can help you stretch your budget—an important consideration now that the average 30-year mortgage rates are above 7 percent
That’s because with a condo, you pay monthly common charges in addition to your mortgage (if you have one). Common charges cover the costs of operating the building and paying staff like a super and doorman. And for a condo, you pay your property taxes separately so you have to factor both costs in your monthly expenses.
How do you find a condo with low monthlies? Search for condos in buildings with scaled-back amenities because the monthly common charges will be much lower. You can also look for buildings with tax abatements—when the city gives the developer a tax break to build in a certain area or include affordable housing and the savings is then passed onto you as the owner. Keep in mind that these abatements do expire.
To help with your search, here are five condos with common charges under $900 in Sheepshead Bay, Woodside, Park Slope, Forest Hills, and Central Harlem.
2628 East 26th St., #203S, Sheepshead Bay
This one bedroom, one bath is listed for $519,000 with $147 monthly common charges and $233 monthly taxes. The condo has stainless steel appliances, hardwood floors, recessed lighting, two balconies, an in-unit washer/dryer, and one deeded parking space. The building has bike storage and garage parking. Sheepshead Playground is nearby.
61-20 Woodside Ave., #2X, Woodside
This one bedroom, one bath is listed for $550,000 with $503 monthly common charges and $253 monthly taxes. It features high ceilings, hardwood floors, ceiling fans, oversized windows, stainless steel appliances, and a walk-in closet. The building has a live-in super and laundry room. The 61st Street 7 subway station is nearby.
451 Bergen St., #2L, Park Slope
This one bedroom, one bath is listed for $685,000 with $271 monthly common charges and $458 monthly taxes. Apartment #2L has hardwood floors, recessed lighting, a breakfast bar, white appliances, and exposed brick. The building has a laundry room. Barclays Center and the Bergen Street 2 and 3 subway station are nearby.
106-20 70th Ave., #3D, Forest Hills
This one bedroom, one bath is listed for $705,000 with $287 monthly common charges and $88 monthly taxes. It has stainless steel appliances, a breakfast bar, hardwood floors, moldings, recessed lighting, a washer/dryer hookup, balcony, and central air. Amenities include bike storage, onsite parking, virtual doorman, and roof deck. There’s a tax abatement through 2032. MacDonald Park and the Forest Hills-71st Avenue subway station are nearby.
2300 Frederick Douglass Ave., #12A, Central Harlem
This one bedroom, one bath is listed for $835,000 with $850 common charges and $42 monthly taxes. Apartment #12A has high ceilings, oversized double-pane windows, central air, hardwood floors, stainless steel appliances, and an in-unit washer and dryer. The building has a doorman, gym, and bike storage. The Apollo Theater and the 125th Street subway station are nearby.
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