Homes in this range in Manhattan are co ops and condos.There is a wide variety available in many of the neighborhoods. A co op will cost less than a condo of the same size in a given neighborhood but a condo has greater re sale value. The main reason being that with a co op you do not actually own the apartment, you buy shares in the corporation and in many cases you must be approved by the board. Also you cannot many renovations with out board approval. With a condo you actually own the apartment and have less restrictions.
Lets take a look at what is available now. Prices can change in real estate very rapidly, depending on many factors, so if you see something you would like, make your move.
In the Murray Hill section you can find a a studio co op for about $300,000 to $370,000, a one bedroom co op starts at $310,000 and goes to about $400,000. Murray Hill is located on the East Side of Manhattan, just south of midtown and right near the theater district.
The Upper East Side of Manhattan has some of the most expensive real estate and to find something here in this price range is rare and they will go fast. You will be able to get a small studio or 1 bedroom, mostly in older buildings or converted brownstones. If you see one you like grab it as fast as you can. A studio will start at $300,000 and a 1 bedroom at about $310,000.
Midtown West is right near the theater district and convenient to the office buildings in mid town. Only studio and one bedrooms here and they both go as high as $400,000 A studio co op will start at $300,000. A 1 bedroom co op at $310,000
Washington Heights is north of Harlem, and right by the George Washington Bridge, making it convenient to New Jersey. You will get a much bigger choice in this price range up in Washington Heights. A one bedroom co op or condo will start at about $300,000, a two bedroom at about $330,000, a three bedroom co op at about $365,000.
In Chelsea, a trendy neighborhood on the west side, just to the north of Greenwich Village a studio co op will start at about $345,000, a studio condo at about $380,000 and a one bedroom will start at $400,000.
Gramercy Park is just north of Chelsea and a studio co op starts at about $300,000 a one bedroom at about $310,000.
Each neighborhood in Manhattan has its own personality, its own beat and there is one that will fit your lifestyle. Figure your budget, take a look at what is available and take some time to go to the neighborhood and see what it is like. It is a big decision, but when you find your perfect place, it will be worth all the effort.
