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In a city where it's not unusual for one-bedrooms to go for well over $500,000, it's reassuring to know that you can still find a lot more space than that for under half a million, if you know where to look. Here are apartments (and a house!) available for $500,000—and in some cases, much less—across all five boroughs of NYC.
LENOX HILL, MANHATTAN: This two-bedroom co-op comes with a terrace overlooking a quiet Upper East Side block. The kitchen and bathroom look sleek and recently updated, and the unit features two walk-in closets. It's priced at $475,000, plus a $3,898 maintenance charges, which the listing notes is an assessment for the cooperative's purchase of the land it's on—it used to be a landlease—and is approximately 50 percent tax-deductible.
EAST HARLEM, MANHATTAN: This 1,000-square-foot co-op boasts plenty of space, plus a location just a stone's throw from Central Park. You'll find prewar touches in the parquet floors and decorative fireplace, as well as room for an office. Note this is an HDFC unit, though the income restrictions will lift in 2023. $499,000 plus $906/month maintenance.
MIDWOOD, BROOKLYN: This two-bedroom co-op comes with prewar charms like its arched doorways and layout, including a foyer and separate living and dining rooms. The kitchen is chef-friendly, thanks to ample prep space and stainless steel appliances, and the bathroom was recently renovated. $399,000, plus $1,007/month maintenance.
JACKSON HEIGHTS, QUEENS: Jackson Heights is known for its plentiful and picturesque co-ops, and this is no exception. You'll find room to spread out in the airy living room and master bedroom, a newly renovated eat-in kitchen, and a bathroom updated with subway tiling. The building has a live-in super, porter, and children's playroom, making it very family-friendly. $419,000 plus $853/month maintenance.
FOREST HILLS, QUEENS: This co-op is in Forest Hills' iconic Station Square, a Tudor-style prewar right by the LIRR station. This unit, made spacious and airy due to high ceilings, has been renovated with new hardwood floors and updated fixtures in the kitchen and bathroom. $469,000 plus $1,751/month maintenance.
RIVERDALE, BRONX: Large windows bring lots of light into this roomy co-op, which includes two bathrooms, several closets, and a galley kitchen with a dishwasher. The building, Manor Towers, has a live-in super and the appealing amenity of an indoor swimming pool. $340,000 plus $1,237/month maintenance.
KINGSBRIDGE HEIGHTS, BRONX: This co-op, near the 1 train and express bus service, has a spacious living room and master bedroom, and a kitchen that looks recently renovated and accommodating to serious cooks, with its counter space and large pantry. $225,000, plus $686/month maintenance.
GREAT KILLS, STATEN ISLAND: This two-bedroom duplex home is packed with suburban amenities: a deck overlooking a private yard, a garage, and a laundry room, plus an eat-in kitchen and large bedrooms. There's generous storage space in the kitchen, and an office area, as well. $420,000.
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