Buy an Apartment in These 5 Uptown Neighborhoods –– Now

A residential street in Inwood  {credit}

Remember days of yore when you could purchase a one bedroom co-op in the East Village or Chelsea for less than $200K? Well, maybe not. I might be showing my age. Let’s put downtown Manhattan on the back burner for a moment, because your future New York pad just might be uptown.  According to Streeteasy.com, more deals might exist in areas like East Harlem, Manhattan Valley, Morningside Heights, Washington Heights, and Inwood. Last quarter, these uptown neighborhoods showed lower median sales prices than other parts of Manhattan, yet still proved significant increases from year to year.  More than likely, however, bargains in these nabes will be nothing more than a distant memory in no time, as apartment sales prices continue to climb throughout all of New York City.

Ready to buy an apartment in NYC? Here’s a sampling of great deals to be had right now. But don’t walk. RUN. These won’t last. 

East Harlem Resale Condo
416 East 117th Street #4C
$499,000 
771 ft
$647 per ft
1 bed/1 bath
Estimated monthly payment: $2,859

Built in 2007, this boutique luxury condo, features large spaces, a private balcony, Bosch washer/dryer, and more. The kitchen was made for cooking!

Manhattan Valley Co-op
4 West 109th Street #2C
$445,000 
3 rooms
1 bed/1 bath
Estimated monthly payment: $2,909

In a turn-of-the-century building just steps from Central Park, this second-floor apartment is bright and comfortable. Modern conveniences include a renovated open kitchen and plenty of closet space.  When you need a breath of fresh air and don’t feel like heading to the park, hop on the elevator and go to the roof deck, instead.

Morningside Heights Co-op
3117 Broadway #5
$325,000 
600 ft
$541 per ft
1 bed/1 bath
Estimated monthly payment: $2,238

Relish in classic prewar details in this pet-friendly building, just steps from Columbia University and the 125th Street express train. Experience the vibrancy of the neighborhood and all this pocket of the city has to offer. Unit includes private storage.

Washington Heights Co-op
790 Riverside Drive #9K
$549,000 
4 rooms
2 beds/1 bath
Estimated monthly payment: $3,502

Located in the Audobon Historic District of Washington Heights, this 24-hour doorman building is steps from the 1 train. The sprawling apartment is ideal for a family or roommate situation.

Inwood Co-op
65 Park Terrace East #C28
$309,000 
800 ft
$386 per ft
1 bed/1 bath
Estimated Monthly Payment: $2,102

Take this opportunity to get into one of Inwood’s most sought after co-ops. The building is 80 percent owner occupied and provides free internet. The real bonus? This unit boasts a private garden.

Now could be your chance to own a small slice of New York City real estate. What are you waiting for?

Images via Streeteasy.com.

Posted on May 22, 2014

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