City of New York Homes under $500,000

Welcome to the vibrant heart of Manhattan, New York City, where the world comes alive amidst towering skyscrapers, cultural landmarks, and an eclectic mix of neighborhoods. One of the many benefits of living in this iconic area is access to a diverse and dynamic school district, which is part of the New York City Department of Education. The City of New York school district is renowned for its commitment to educational excellence, offering a wide range of programs that cater to students from all backgrounds. With a focus on innovation and inclusivity, schools in this district provide students with opportunities to thrive academically, socially, and creatively.

For families looking to settle down in Manhattan without breaking the bank, there are homes available under $500,000. While it may seem challenging to find affordable housing in such a bustling metropolis, there are options that offer both comfort and convenience. From charming studios to cozy one-bedroom apartments, these homes provide an excellent entry point into the Manhattan real estate market. Living in this vibrant city means you’ll have access to world-class amenities, cultural experiences, and a robust public transportation system, making it easy to explore everything New York has to offer.

Imagine enjoying weekend strolls through Central Park, dining at renowned restaurants, and immersing yourself in the arts and entertainment scene—all while being part of a community that values education and growth. Discover your perfect home in Manhattan today, and embrace the unique lifestyle that awaits you in this extraordinary city!

Newest City of New York Homes under $500,000

30 Macombs Place Unit #42, New York (Manhattan)

$209,000

2 Beds ⋅ 1 Baths ⋅ 1037626 MLS

Welcome to 30 Macombs Place, Manhattan! This charming 2-bedroom, 1-bathroom HDFC co-op offers approximately 700 square feet of comfortable living space and an exceptional opportunity to own in one of New York City's most iconic boroughs. Whether you're a first-time homebuyer or looking for an affordable place to call home, this residence combines value, convenience, and the unmatched lifestyle that only Manhattan can offer. The bright and inviting living area provides a comfortable space for everyday living and entertaining, while the well-proportioned bedrooms offer a peaceful retreat. Ideally situated, you'll enjoy easy access to parks, restaurants, shopping, schools, cultural attractions, and multiple public transportation options, making commuting throughout Manhattan and the surrounding boroughs effortless. This is an HDFC co-op with income restrictions at 130% AMI. Maximum household income limits are: 1 person – $121,420; 2 people – $138,840; and 3 people – $156,130. NO FLIP TAX, and subletting is permitted, making this an outstanding opportunity to own an affordable home in the heart of Manhattan.

30 Macombs Place Unit #42, New York (Manhattan)

305 E 40 Street Street Unit #4A, New York (Manhattan)

$378,000

1 Baths ⋅ 990954 MLS

Studio in the heart of the city. Close to public transportation. Roof deck, bike room and a few other amenities

305 E 40 Street Street Unit #4A, New York (Manhattan)

30 Macombs Place Unit #24, New York (Manhattan)

$218,999

2 Beds ⋅ 1 Baths ⋅ 981968 MLS

Welcome to 30 Macomb Place! This beautiful 2-bedroom coop in Harlem is in move in condition! Renovated unit with beautiful hardwood floors, spacious kitchen and good size rooms. Quiet and clean walk-up building! There are high ceilings, new bathroom and kitchen. Flooded with sunlight, window in every room, second room as small bedroom/office/dressing room, separate kitchen. central Harlem, $800 maintenance. Located in the central Harlem area which is a vibrant neighborhood steeped in history, culture, beautiful architecture, great food, and nightlife. This convenient Harlem location is walking distance to A C B D and 3 train and local buses. This is an HDFC Coop, income restrictions apply to 130 % AMI. The income maximum for 1 person is $103,480, 2 people $118,300 and 3 people $133,120. Please contact your agent for more information.

30 Macombs Place Unit #24, New York (Manhattan)

1989 Amsterdam Ave Unit #41, New York (Manhattan)

$219,000

2 Beds ⋅ 1 Baths ⋅ 977827 MLS

Welcome to Residence 41 at 1989 Amsterdam Avenue — a bright 2-bedroom on the 4th floor of a classic pre-war walk-up in Washington Heights .The apartment features a functional layout, windowed kitchen, and good natural light throughout. Needs minor TLC, offering great potential to customize and add value. Low monthly maintenance makes this an exceptional opportunity for affordable homeownership in Manhattan. Conveniently located near the A, C, and 1 trains, with easy access to shopping, dining, and everyday essentials.HDFC co-op – income restrictions apply (approximately not more than 125% of Area Median Income).

1989 Amsterdam Ave Unit #41, New York (Manhattan)

410 Central Park W Unit #1F, New York (Manhattan)

$450,000

1 Beds ⋅ 1 Baths ⋅ 971900 MLS

Discover this rare opportunity to make a space exclusively for you! This apartment is ready for a complete rehab for the next owner to live directly across from one of the most iconic green spaces in the world. This low-fee, charming residence building offers a front-row seat to sweeping views of Central Park, creating a serene backdrop that’s hard to find at this price point anywhere else in Manhattan. This home boasts prewar charm with architectural character and framework that would make Alexander Hamilton jealous! It features high ceilings, generous proportions, and the quiet elegance that defines this classic Upper West Side building. Whether you're enjoying your morning coffee outside with the park as your canvas or relaxing inside unwinding after a long day, imagine how the effortlessly peaceful the setting you created will make you feel. The moment you step outside, you’re moments from the best of New York City living. World-class shopping, everyday conveniences, gourmet markets, and an endless selection of dining options line the surrounding streets. With multiple subway lines nearby, the entire city is literally at your fingertips. Walking directly into the first floor, Unit 1F delivers the perfect balance of nature, neighborhood, and convenience—an ideal home for anyone seeking the quintessential Central Park lifestyle on the Upper West Side of Manhattan. ***AGENTS MUST CALL AND PROVIDE AN EMAIL ADDRESS TO USE THE SENTRILOCK*** Access has to be granted before entry.

410 Central Park W Unit #1F, New York (Manhattan)

255 W 148 Street Unit #5B, New York (Manhattan)

$339,000

1 Beds ⋅ 1 Baths ⋅ 965857 MLS

PRICE REDUCED! Sun-Filled Harlem Corner 1-Bedroom — Move-In Ready & Steps from the 3 Train NEW PRICE! Don’t miss this opportunity to own a bright and inviting corner 1-bedroom co-op at 255 W. 148th Street, Apt. 5B, in the heart of Harlem. With multiple exposures, this sun-filled home enjoys abundant natural light throughout the day and offers a comfortable, functional layout in a convenient Manhattan location. Step inside to beautiful hardwood floors, a spacious living room, and a bright bedroom with open views. The generously sized kitchen offers plenty of functionality while also giving you the opportunity to update and personalize the space to your own taste. Whether you're a first-time buyer, looking for an affordable Manhattan home, or simply want to enjoy everything Harlem has to offer, this home provides value, light, location, and convenience at an attractive new price. Buyer eligibility includes 250% AMI requirements and an HPD primary-residence requirement. Buyers should confirm current eligibility requirements with the appropriate parties. The Washington is a post-war built in 2004 low-rise elevator building with six-floors and 15 apartments. Building features include a voice intercom system, bike room, gym, storage room, playroom, community rooms, on-site laundry room, on-site Super, wheel chair accessibility, and a keyed common courtyard! Prime Harlem Location 1 block to the 3 train at 148th Street & Adam Clayton Powell Jr. Boulevard Convenient to the A/B/C/D trains at 145th Street & St. Nicholas Avenue Close to City College of New York and Columbia University Minutes from Sylvia's Restaurant and Harlem's renowned dining and entertainment Convenient to Yankee Stadium, parks, shopping, and neighborhood amenities Enjoy the culture, energy, and convenience of Harlem living Move right in, make it your own, and take advantage of the new reduced price. Schedule your showing today! Move right in or customize to your taste.

255 W 148 Street Unit #5B, New York (Manhattan)

330 E 83 Street Unit #2J, New York (Manhattan)

$298,999

1 Baths ⋅ 926498 MLS

WELCOME TO THIS NICE STUDIO AT A PRIME LOCATION ON 83RD STREET. IT FEATURES AN ELEVATOR WITH A PART TIME DOORMAN. A SAFE PLACE TO CALL HOME :) THERE IS A LAUNDRY ROOM, BIKE RM & STORAGE LOCKERS - IF YOU ENJOY THE UPPER EAST SIDE, THIS BUILDING IS FOR YOU !! - CLOSE TO THE SUBWAY, BUSES AND TONS OF SHOPPING. FEEL FREE TO CALL US WITH ANY QUESTIONS.

330 E 83 Street Unit #2J, New York (Manhattan)

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