5 Manhattan studios for sale for $725,000 or less
If you’re looking to buy an apartment in Manhattan you’re likely experiencing some sticker shock. Covid deals are long gone and prices have rebounded to 2019 levels. But there is one type of apartment where prices have not rocketed as much: Studios—which are not seeing the same demand as larger apartments because many buyers want more space to work from home.
To make living in a small space more tolerable, look for studio apartments with sleeping alcoves, lofts, foyers, built-in Murphy beds, dressing areas, and separate kitchens. And if you have lots of stuff to store, keep an eye out for studios with a walk-in closet or basement storage space.
You can also ask about the building’s rules on installing temporary pressurized walls to make a separate sleeping space if the apartment has an alcove or L-shape. There are also ways to organize your apartment and multi-functional furniture to maximize space.
To help with your apartment search, here are five studios for sale in Lincoln Square, Murray Hill, Gramercy Park, Turtle Bay, and Hell’s Kitchen.
140 West End Ave., #19E, Lincoln Square
This studio is listed for $475,000. The co-op has a sleeping alcove, dressing room, foyer, three closets, parquet floors, oversized windows, and stainless steel appliances. The building has a gym, concierge, two laundry rooms, and a doorman. Monthly maintenance is $1,176.
123 East 37th St., #10G, Murray Hill
This studio is listed for $550,000. Apartment #10G has a sleeping alcove, dressing room, foyer, four closets, built-ins, oversized windows, beamed ceilings, and stainless steel appliances. Amenities include a doorman, live-in super, laundry room, and bike storage. Monthly maintenance is $1,412.
200 East 16th St., #10M, Gramercy Park
This studio is listed for $595,000. Apartment #10M has a sleeping alcove, dressing room, two walk-in closets, hardwood floors, white appliances, beamed ceilings, a ceiling fan, and foyer. Amenities include a doorman, live-in super, bike storage, and laundry room. Monthly maintenance is $1,112 and there’s an $80 assessment through June.
310 East 46th St., #20G, Turtle Bay
This studio is listed for $635,000. The condop has an alcove, sleeping loft, separate kitchen, high beamed ceilings, parquet floors, oversized windows, three closets, storage, and a dishwasher. The building has a doorman, laundry room, garage, resident manager, and landscaped roof deck. Monthly maintenance is $1,643.
353 West 56th St., #5K, Hell’s Kitchen
This studio is listed for $725,000. The renovated condo has a built-in Murphy bed, foyer, separate kitchen, dining area, four closets, beamed ceilings, hardwood floors, and stainless steel appliances. The building has a doorman, garden, live-in super, and laundry room. Monthly common charges are $850.
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