- William C. Rudin | REBNY Chairperson
- James Whelan | REBNY President
- John H. Banks | REBNY President Emeritus
- Code of Ethics
- REBNY Residential Listing Service
- Become a Member
- Benefits & Rewards
- REBNY Action Network
- REBNY Services
- Our History
- Contact Us
- Looking for a NYC real estate broker?
- Contests & Awards
- Sponsorship Opportunities
- REAL ESTATE EDUCATION
- MEMBER SPOTLIGHT
- GIVING BACK
33 NYC-area homes you can buy for under $1M
May 14, 2015
New York City’s luxury real estate market gets lots of hype, and it could give the impression that units not priced in the millions of dollars aren’t worthy of mention.
Across the boroughs, even across the Hudson River, there are a number of units priced below $1 million that offer a host of sweet features: Spacious layouts, park views, snazzy finishes are among them. Sure, sometimes there are compromises, like distance to hot spots or no amenities on offer. But it’s still a big share of the market.
“Roughly 55 percent of sales in the last quarter were under $1 million,” says property appraisal whiz Jonathan Miller, and that’s just Manhattan. City-wide, it’s a whopping 81.5 percent.