It's no secret that the down payment is often the biggest hurdle for would-be buyers hoping to enter the market in New York City. While some condos will let you make a purchase for 10 percent down, many co-ops and condos require a down payment of at least 20 percent, which can add up to a large chunk of change.
For this week's price check, we're looking at options for buyers who have a cool $100,000 ready to offer as a down payment, which will net you apartments in the $500,000 range in buildings asking 20 percent, and the $1 million range in buildings that require just 10 percent down. (This is assuming your financials allow you to pass the bank's scrutiny and, in the case of co-ops, a board's.) Here are your options in all five boroughs:YORKVILLE, MANHATTAN: One-bedroom, one-bath condo with a washer and dryer and California closets in a building asking 10 percent down, with amenities including a doorman, roof deck, and concierge service. $995,000, plus $740/month common charges, $675/month taxes.
REGO PARK, QUEENS: Two-bedroom, one-bath duplex sponsor sale condo with a washer and dryer and private terrace in a building asking 10 percent down and featuring a roof deck, fitness center, sauna, and parking. $969,000, plus $794/month common charges, plus $67/month taxes.
RIVERDALE, BRONX: Three-bedroom, two-bath co-op with a renovated chef's kitchen, dishwasher, and custom closets in building with doorman, concierge, swimming pool, fitness center, dog park, and shuttle to Metro-North. $495,900, plus $1,460/month maintenance.SAINT GEORGE, STATEN ISLAND: One-bedroom, one-bath co-op with high ceilings, soaking tub, views of Manhattan, and laundry across the hallway in a building with a gym, tennis courts, 24-hour security, picnic area, and children's playroom. $425,000, plus $825/month maintenance.
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