One bedroom apartments in Manhattan range from $200k to $5 million and up. The least expensive apartments are co-ops which can be found in upper Manhattan neighborhoods such as Harlem, Washington Height and Hamilton Heights. The priciest one-bedroom apartments in Manhattan are condos located on Billionaires’ Row in Central Park South which offer direct Central Park views.
Outside of Manhattan, one-bedroom apartments in Queens range from $100k up to $2 million. Prices in Brooklyn start around $150k and top-out around $3 million.
Condos in NYC are 10% to 40% more expensive than comparable co-ops, and the priciest apartments will almost always be new construction.
It’s important to keep in mind that most co-ops, although cheaper than condos, require a minimum of 20% down. Co-ops in NYC also have buyer financial requirements. Condo buyer closing costs for a purchaser who is financing are also slightly higher at ~4% compared to ~2% for a co-op, but the reverse is true when you sell: co-ops generally have higher seller closing costs.
Click on the links below to view real examples of one-bedroom co-op and condo apartments in Manhattan, Brooklyn and Queens.
Example One Bedroom Apartments in NYC:
$600k in Park Slope
This is an amazing sun-filled 1-bedroom apartment with low maintenance at the front of a classic pre-war, brownstone co-op in the heart of Park Slope.
Beautifully finished original, wide-plank hardwood floors and high ceilings complement a recently renovated eat-in kitchen featuring stainless steel appliances and south-facing windows. An updated bath offers modern amenities amid the classic charm.
This apartment is a great example of a pre-war starter apartment in ‘Brownstone’ Brooklyn, characterized by townhouse-lined streets, trees and a more tranquil approach to living in NYC.
Given the relatively affordable price point by NYC standard, properties like this are hugely popular in today’s market and typically receive multiple offers which often results in a best and final offer process.
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