under a million

A $695K Soho One-Bedroom and a Prewar Apartment With Gramercy Park Access

Living room with a spiral staircase.
Photo: Bernadett Pava

For under $1 million, one can find all sorts of housing configurations: park-and-subway-adjacent studios, one bedrooms hidden in carriage houses or former shoe factories, and even the occasional true two bedroom. With price drops rampant across Manhattan, and vacancies high citywide, we’re combing the market for particularly spacious, nicely renovated, or otherwise worth-a-look apartments at various six-digit price points. This week: a Gramercy Park apartment with park access, a low-priced Soho one bedroom, and more.

Cul-de-Sac Beekman Studio With Italian Lighting for $349K

Warburg Realty.
Warburg Realty.

434 East 52nd Street Apt. 3A — This studio is one of the absolute cheapest ways to buy into Southgate, a complex of five Emory Roth–designed prewar co-ops that sit on cul-de-sac streets, all of which end with a direct view of the East River. (Also in this particular building: John Lennon’s former penthouse, which was recently listed for $5.5 million.) You’ll find plenty of original prewar features inside, like beamed ceilings, moldings, and a handsome exposed-brick wood-burning fireplace. Meanwhile, the separate windowed kitchen has been updated with glass-front cabinets and basket-weave tile floors. The unit also comes with Artemide fixtures and monorail track lighting throughout.

Prewar Apartment with Elusive Access to Gramercy Park for $550K

Al Siedman / VHT .
Al Siedman / VHT .

26 Gramercy Park South Apt. 9G — Because this apartment is in a building directly on Gramercy Park, it comes with an exceedingly rare key to the private green space (most of the other listings with park access right now are asking several million dollars). To be clear, keys are held by the building for owners to sign out, but per listing agent William Hobbs, residents with a Gramercy Park address can also join the Gramercy Park Association to receive a private key. This unit is rather small, but well-lit, especially in the bedroom, where two big south-facing windows overlook a particularly lovely townhouse-filled stretch of E. 19th Street (including a very good peek at an amazing penthouse in the Tudor-style co-op across the street). This co-op building actually runs through the block, so there’s a second entrance on E. 19th Street.

Prospect Park South Two-Bedroom (Plus an Office) for $695K

Rachel Kuzma / Rise Media.
Rachel Kuzma / Rise Media.

25 Parade Place Apt. 3C — Of the two bedrooms available that are located immediately below Prospect Park, this third-floor co-op unit has the most space for the price in this group. The corner apartment is actually currently used as a three bedroom, since one of the bedrooms opens to another relatively large windowed room, designated on the floor plan as a home office. The kitchen, renovated with white shaker cabinets, brass fixtures, and subway tile, has a dining area with two windows and is wide enough for extra freestanding shelves. The foyer measures 9-feet-9-inches by 11-feet-nine inches and comes with double closets and two intricately carved arched doorways. There’s also a washer/dryer by the updated bathroom, which has a sliver of built-in shelving, and black-and-white lighting and geometric-patterned tile floors.

Soho One-Bedroom With Plenty of Kitchen Cabinets for $695K

Udi Almog.
Udi Almog.

105 Thompson Street Apt. 12 — The western edge of Soho is usually where you can find some of the area’s lowest-priced units, and this fourth-floor walk-up, which also has a reasonable monthly maintenance of $875, is one of the very few six-digit listings in the area right now. (Also worth a look: a slightly older listing one block over, on Sullivan Street, with a similar floor plan.) Although the living area layout is a bit funky (the kitchen is split between two walls) it does have more cabinet space than the average kitchenette seen in more compact apartments — and there’s even room for a small dining table or bar counter. The living area also has an original wood-burning fireplace, exposed brick, and base moldings throughout. The C/E trains at Spring Street are just around the corner.

Park Slope 1.5-Bedroom With Marble in the Kitchen and Bath for $699K 

Bernadett Pava.
Bernadett Pava.

279 1st Street Apt. 2B — Even if it was just a one bedroom, this co-op would be relatively well-priced in Park Slope, but the bonus windowed room, currently used as a nursery, makes it an even better deal. The south-facing living room, which juts out slightly for a small-but-plausible dining area, comes with a chandelier (below an elaborate ceiling medallion), fireplace with a lovely white mantel, a built-in bookshelf, and crown moldings. The galley kitchen has recessed lights, a stainless-steel farmhouse sink, and Carrara marble counters (the bathroom is also tiled in the same marble). There is a stacked washer/dryer, although it’s a bit oddly placed in a closet in the main bedroom. The building is only half a block to the shops and restaurants on Fifth Avenue and a four-minute walk to the R train at Union Street.

A $695K Soho Spot and an Apartment With Gramercy Park Access