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NYC’s newest apartments are a bargain at less than $1M

NYC’s newest apartments are a bargain at less than $1M
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When the leaves start turning, the new sales listings start churning.

Those looking to buy a home in Manhattan, Brooklyn or Queens have a number of new developments at their disposal that are hitting the market this autumn.

The median sale price of a Manhattan home in the third quarter of this year fell below $1 million to $999,950 — a 17% decline from the same period in 2018. A silver lining of the housing market slowdown, though, is a new benchmark for affordability.

What can you get for under a mil in a brand-new building? Read on for nine of our picks.

Harlem: Eleven Hancock

For HomeEleven Hancock CreditL Aline Tom of +TOM

For HomeEleven Hancock CreditL Aline Tom of +TOM

Eleven Hancock

Aline Tom of +TOM

For HomeEleven Hancock CreditL Aline Tom of +TOM

For HomeEleven Hancock CreditL Aline Tom of +TOM

Eleven Hancock

Aline Tom of +TOM

For HomeEleven Hancock CreditL Aline Tom of +TOM

For HomeEleven Hancock CreditL Aline Tom of +TOM

Eleven Hancock

Aline Tom of +TOM

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Harlem has a new addition to its streetscape. Prices at this 71-unit condo begin at $585,000; there are 34 units priced under $1 million. The cantilevered structure with studios through four-bedrooms, located at 11 Hancock Place near the 125th Street A/C/B/D stop, is slated for completion in 2020. Amenities include a gym with Peloton bikes, a pet spa and a roof deck. Designed by Issac & Stern Architects with interiors by Louis T. Lemay + Andres Escobar, the units will have oak floors, washer/dryers and USB charging outlets.

Contact: Halstead Development Marketing, 212-319-2811

Windsor Terrace: 150 E. Second St.

150 East 2nd St

150 East 2nd St

150 E. Second St.

Allyson Lubow

150 East 2nd St

150 East 2nd St

150 E. Second St.

Allyson Lubow

150 East 2nd St

150 East 2nd St

150 E. Second St.

Allyson Lubow

150 East 2nd St

150 East 2nd St

150 E. Second St.

Allyson Lubow

150 East 2nd St

150 East 2nd St

150 E. Second St.

Allyson Lubow

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In Windsor Terrace, a quaint Brooklyn neighborhood sandwiched between Prospect Park and Green-Wood Cemetery, sales have launched at 150 E. Second St. — a boutique condominium whose five units are all on the market for less than $1 million. A one-bedroom with two balconies is listed for $625,000; a two-bedroom with a balcony and an eat-in kitchen for $899,000. Beyond private outdoor space, every dwelling (which range in size from 654 to 1,217 square feet) also comes with parking spaces, private storage rooms and washer/dryers. What’s more, they also have French oak floors, built-in air conditioning and spa-like bathrooms with marble vanities.

Contact: Corcoran Group, 646-345-3431

Dumbo: Front & York

For Home - Front & York - credit: Williams NY

For Home - Front & York - credit: Williams NY

Front & York

Williams NY

For Home - Front & York - credit: Williams NY

For Home - Front & York - credit: Williams NY

Front & York

Williams NY

For Home - Front & York - credit: Williams NY

For Home - Front & York - credit: Williams NY

Front & York

Williams NY

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Sales launched in September for homes at the amenity-packed Front & York complex in Brooklyn’s Dumbo neighborhood. Better yet, having access to perks like a 25,000-square-foot “private park,” a rooftop pool with cabanas, private wine rooms and co-working lounges doesn’t have to come with such a hefty price tag. The two-tower residence with a courtyard, designed by Morris Adjmi, has some 20 condos (of 408 total) priced under $1 million. One of them is a one-bedroom asking $985,000 that has a custom-designed chef’s kitchen with Gaggenau appliances and large windows. Many units have terraces facing the courtyard. Front & York, which also has 320 rentals, is co-developed by CIM Group and LIVWRK.

Contact: CIM Group, 718-246-3866

Ditmas Park: 1702 Newkirk Ave.

For Home - 1702 Newkirk - credit: Al Seidman/VHT/Corcoran Group

For Home - 1702 Newkirk - credit: Al Seidman/VHT/Corcoran Group

1702 Newkirk Ave.

Al Seidman/VHT/Corcoran Group

For Home - 1702 Newkirk - credit: Al Seidman/VHT/Corcoran Group

For Home - 1702 Newkirk - credit: Al Seidman/VHT/Corcoran Group

1702 Newkirk Ave.

Al Seidman/VHT/Corcoran Group

For Home - 1702 Newkirk - credit: Al Seidman/VHT/Corcoran Group

For Home - 1702 Newkirk - credit: Al Seidman/VHT/Corcoran Group

1702 Newkirk Ave.

Al Seidman/VHT/Corcoran Group

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The area may be known for stately Victorian homes, but please welcome 12 new condos to the dance floor. Two homes are for sale: One is a $799,000 two-bedroom with two balconies, floor-to-ceiling windows and a dining area that can seat up to eight. Developed by Prospect Homes and designed by Rise Architecture, 1702 Newkirk comes with private storage rooms, a bike room, a gym and a roof deck with grills.

Contact: Corcoran Group, 917-426-7535

Crown Heights: 852 St. Johns Place

852-saint-johns-1

852-saint-johns-1

852 St. Johns Place

Katherine Marks

852-saint-johns-2

852-saint-johns-2

852 St. Johns Place

Katherine Marks

852-saint-johns-3

852-saint-johns-3

852 St. Johns Place

Katherine Marks

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Maybe you’re looking for brand-new construction. And maybe you’re looking for a building that’s eco-friendly. At 852 St. Johns Place, which launched sales in September, you can have both. This five-unit condo is a “passive house” — an insulated building that features an airtight envelope and triple-glazed windows so that it requires virtually no heat in the winter or air conditioning in the summer. All units are priced under $1 million: Two are now listed, including a full-floor, 793-square-foot one-bedroom with a private garden asking $799,000. 852 St. Johns was developed by Blue Cube Properties’ Justin Stewart and ZH Architects, with principals Marianne Hyde and Stas Zakrzewski.

Contact: Halstead, 718-878-1785

Astoria: The Rowan

For Home - The Rowan - credit: Redundant Pixel

For Home - The Rowan - credit: Redundant Pixel

The Rowan

Redundant Pixel

For Home - The Rowan - credit: Redundant Pixel

For Home - The Rowan - credit: Redundant Pixel

The Rowan

Redundant Pixel

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Starting at $495,000, you can live in the DXA-designed new development The Rowan, at 21-21 31st St. in Astoria, Queens. Keep your eyes peeled, because sales are set to launch soon. The building, set for completion in 2020, has 46 units from studios to three-bedrooms and ranging in size from 425 to 1,857 square feet. Apartments will come with wide-plank white oak floors, oversize windows and Miele appliances. Buyers will also get a suite of high-class amenities, including a gym, an indoor/outdoor lounge, a soundproof music practice room, a pet spa and a landscaped roof deck that looks out to Manhattan.

Contact: Halstead Development Marketing, 718-422-1221

Bed-Stuy: 175 & 192 Spencer

These two buildings across the street from each other will house 82 units together. Apartments (some in duplex form) come with one or two bedrooms, and prices range from $630,000 to $950,000. Fittings include hardwood floors, exposed concrete ceilings and Bosch kitchen appliances. The development also has covered parking and a gym.

Contact: MNS, 646-300-7223

Flatbush: 567 Ocean

567 OceanMNS

Near Brooklyn’s beautiful Kings Theatre, this 108-condo development is on the rise at 567 Ocean Ave. The eight-story building, which will launch sales in November and is designed by S M Tam Architect, has some 95 units priced below $1 million, with homes starting at about $400,000. 567 Ocean will have studios and one-, two- and three-bedrooms with hardwood floors and Bosch appliances. Residents will also have a roof deck, a lounge, a party room, a courtyard, a gym, indoor parking and a playroom for kids.

Contact: MNS, 646-532-3259

5 Court Square

For Home - 5 Court Square - Credit: MAQE

For Home - 5 Court Square - Credit: MAQE

5 Court Square

MAQE

For Home - 5 Court Square - Credit: MAQE

For Home - 5 Court Square - Credit: MAQE

5 Court Square

MAQE

For Home - 5 Court Square - Credit: MAQE

For Home - 5 Court Square - Credit: MAQE

5 Court Square

MAQE

For Home - 5 Court Square - Credit: MAQE

For Home - 5 Court Square - Credit: MAQE

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Just because Amazon pulled out of Long Island City doesn’t mean you should do the same. Sales are live at 5 Court Square, where 18 of 58 homes are priced below a million bucks. Prices begin at $825,000 for the condos, which span one- to three-bedrooms and include Croatian oak floors and a gaggle of smart-home fittings like Wi-Fi-controlled shades. The 11-story building additionally fits a lounge with a balcony, a children’s playroom, a gym and bike storage.

Contact: Modern Spaces, 646-961-4800


FAR WEST SIDE: 611 W. 56th St.

For Home - 611 West 56th Street - Courtesy of The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

611 W. 56th St.

The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

611 W. 56th St.

The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

611 W. 56th St.

The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

611 W. 56th St.

The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

For Home - 611 West 56th Street - Courtesy of The Boundary

611 W. 56th St.

The Boundary

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While units aren’t priced below $1 million — though starting prices aren’t that much higher — sales at Pritzker Prize-winning architect Álvaro Siza’s highly anticipated 611 W. 56th St. at long last debuted in September. This is the first US building designed by Siza, who hails from Portugal and is known, in part, for his work on the mod-looking Fundação Iberê Camargo in Porto Alegre, Brazil. In Manhattan, his building, developed by Sumaida + Khurana and LENY, houses 80 condos with pricing from $1.26 million. Homes span one- to four-bedrooms. A 509-square-foot, one-bedroom unit, asking the entry-level $1.26 million, features high ceilings, custom walnut kitchen cabinets and a Gaggenau appliance package. On the pricey end of the spectrum, a 3,357-square-foot penthouse asking $11.24 million has a private elevator entry and views of the Hudson River from the windowed eat-in kitchen. Residents also have access to a gym, a yoga room and a boxing room, a dining room (with two kitchens) and a media room with billiards.

Contact: Compass, 212-335-1374