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New Manhattan 'Affordable' Luxury Apartments

The meaning of the word ‘affordable’ may have a new meaning in Manhattan. It not only means subsidized housing it can mean affordable entry level luxury.

While prices have been soaring in Manhattan along with rent a new wave of luxury entry-level homes are currently on the market and in the pipeline. It's a perfect time for many first-time home buyers. Mortgage rates are at all time historic lows (a 30 year fixed rate currently approx 3.5%-3.75%) even less for adjustable rate loans.

Affordable luxury. New units with lower asking prices currently on the Manhattan condo market and new ones will be hitting the market this year. Prices for new apartments are hitting records, but some prime units are also in the pipeline for the budget-minded buyer — with $750,000 to $3 million price tags that haven’t been seen since the 2008 financial crisis

Some examples: 

235 West 75th Street


Upper West Side (at Broadway), built in 1901
12 stories, 212 units








305 West 150th Street

Harlem

Condo | Part Time Doorman | Elevator








  • Built 1921
  • Converted to condo in 2014
  • Low-rise
  • 7 Floors
  • 84 Apartments
  • Elevator
  • Part Time Doorman





  • Fifty Third and Eighth
    252-unit condo conversion in Hell’s Kitchen








    175 West 95th Street
    Upper West Side

    Full Service Condo Post-war Built 1971

    Studio apartments starting at $630,000, One bedrooms starting at $680,000   

    Converted to condo in 2014




  • High-rise
  • 27 Floors
  • 226 Apartments
  • Elevator
  • Full Service

  •         


    432 West 52nd Street

    Hell's Kitchen/Clinton






    Full Service Condo 

    Studios starting at $640,000








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