One Manhattan Square (Extell)
Some say the COVID-19 pandemic and the economic fallout of its containment efforts may have led to some people re-thinking city living, but one might not know it to look at New York prices: According to CityRealty listings, the median price of a Manhattan condo is $2.49 million, or $1,837 per square foot.
However, tax abatements have a way of taking some of the sting out of sticker shock. The 421-a tax exemption program, which lasted from 1971 to 2016, is perhaps the most commonly known. It was established to encourage the development of underutilized property, and the tax breaks were passed on to buyers of units within the buildings. However, buyers are also advised to keep an eye out for J-51 and 421-gtax abatements.
The following Manhattan listings are situated in highly coveted neighborhoods, priced at levels more of us can contemplate, and come with tax abatements among other amenities.
However, tax abatements have a way of taking some of the sting out of sticker shock. The 421-a tax exemption program, which lasted from 1971 to 2016, is perhaps the most commonly known. It was established to encourage the development of underutilized property, and the tax breaks were passed on to buyers of units within the buildings. However, buyers are also advised to keep an eye out for J-51 and 421-gtax abatements.
The following Manhattan listings are situated in highly coveted neighborhoods, priced at levels more of us can contemplate, and come with tax abatements among other amenities.
In this article:
↓ One Riverside Park, 50 Riverside Boulevard, #4N – $1,495,000
Condo | 1 bed, 1.5 baths | 919 ft2Tax abatement through 2037
All images of One Riverside Park via Elegran
Spacious, sun-drenched home in an amenity-rich Upper West Side condominium boasts southern exposure, in-unit washer/dryer, and hardwood flooring throughout. The open kitchen is outfitted with Miele appliances, high-gloss lacquer cabinetry, Dornbacht fixtures, and volcanic stone countertops. The master suite faces south and comes with incredible closet space and a sumptuous bath. See floor plan and full details here.
↓ THREE99, 399 East 8th Street, #5B – $787,500
Condo | 1 bed, 1 bathTax abatement until 2036
All images of THREE99 via Triplemint
Sunny East Village apartment boasts floor-to-ceiling windows, plank wood floors, and abundant storage throughout. The open chef's kitchen comes outfitted with stainless steel appliances and stone countertops. Residential amenities include a lobby with green wall, a billiards room, a fitness room, and a roof deck. Video tours are available upon request. See floor plan and full details here.
↓ Harlem SOL 123, 123 West 131st Street, #8 – $1,350,000
Condo | 3 beds, 1.5 baths | 1,197 ft2Tax abatement until 2036
All images of Harlem SOL 123 via Compass
Duplex penthouse is flooded with natural light from floor-to-ceiling windows throughout. There are private balconies off the living room and a bedroom, and there is a roof terrace on the upper level. A storage bin is included in the purchase, and residential amenities include a virtual doorman, package room, gym, and shared roof deck. A 3D virtual tour is available for this unit. See floor plan and full details here.
All images of One Manhattan Square via Extell
Spacious corner unit in an amenity-rich new downtown supertall overlooks gorgeous garden and city views from floor-to-ceiling windows. Interiors boast imported stone, custom finishes, oak flooring, in-unit washer/dryer, and kitchen with Miele appliances. The master suite boasts a walk-in closet and spa-like bath with radiant heated floors. Virtual tours are available for this unit. See floor plan and full details here.
↓ 540West, 540 West 49th Street, #307S – $1,075,000
Condo | 1 bed, 1 bath | 677 ft2Tax abatement expiring June 30, 2027
All images of 540West via Douglas Elliman
South-facing apartment in the heart of Hell's Kitchen is flooded with light through floor-to-ceiling double-paned windows. Interiors boast ample storage and white oak flooring throughout. The galley kitchen is outfitted with quartz countertops, imported Italian cabinetry, and top-of-the-line appliances. See floor plan and full details here.
↓ The St. Claire on Fifth, 2077 Fifth Avenue, #5A – $1,159,900
Condo | 2 beds, 2 baths | 1,260 ft2Tax abatement in place until June 30, 2035
All images of The St. Claire on Fifth via The Corcoran Group
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Expansive Fifth Avenue apartment boasts northern and southern exposures, 10' ceilings, gas fireplace, custom closets, and private balcony off the living/dining room. The kitchen comes outfitted with maple cabinetry, granite countertops, and stainless steel appliances. Residential amenities include fitness center, dry sauna, playroom, and landscaped roof deck with vegetable garden and sweeping views. See floor plan and full details here.
↓ Tempo, 300 East 23rd Street, #10H – $975,000
Condo | 1 bed, 1 bath | 717 ft2Tax abatement through 2020
All images of Tempo via The Corcoran Group
This apartment is among the largest one-bedrooms in its building, and a private balcony off the living room can accommodate a table and chairs. Interiors boast 10' ceilings, floor-to-ceiling windows, large bedroom, and abundant closet space throughout. The open chef's kitchen is outfitted with top-of-the-line appliances. A virtual tour is available for this unit. See floor plan and full details here.
↓ Centro 505, 505 West 47th Street, #6HS – $1,125,000
Condo | 1 bed, 1 bath | 825 ft2421a tax abatement expiring in 2020
All images of Centro 505 via Compass
Expansive apartment in a full-service building boasts flexible floor plan, double-wide living room, in-unit washer/dryer, and bamboo wood flooring throughout. The open kitchen is well equipped with high-end appliances. The bedroom overlooks the building's courtyard and comes with a walk-in closet and enough space to accommodate a king-size bed. See floor plan and full details here.
All images of 325 Lex via Core Group NYC
Sunny apartment is located in a central location, yet maintains peace and quiet above it all. Interiors boast wide plank walnut floors, high ceilings, floor-to-ceiling windows, and sleek bath with marble vanity. The open kitchen is outfitted with quartz countertops, custom cabinetry, and integrated high-end appliances. See floor plan and full details here.
All images of The Village Green via The Corcoran Group
Corner condo in a hip East Village location boasts floor-to-ceiling windows, southern and eastern exposures, spa-like bath, and Juliet balcony. The open kitchen is outfitted with a large breakfast bar, granite countertops, and high-end appliances. The master bedroom features excellent square footage, double exposures, and a massive walk-in closet. Virtual tours are available for this unit. See floor plan and full details here.
Honorable Mentions
↓ 2280 FDB, 2280 Frederick Douglass Boulevard, #3F – $585,000
Condo | Studio, 1 bath | 472 ft2Tax abatement expiring in 2035
↓ The Rennie, 2351 Adam Clayton Powell Jr. Boulevard, #320 – $530,000
Condo | Studio, 1 bath | 521 ft225-year 421A tax abatement
2280 FDB via Core Group NYC
The Rennie via Halstead
↓ The Savoy West, 555 Lenox Avenue, #PHD – $1,250,000
Condo | 3 beds, 3 baths | 1,425 ft2J-51 tax abatement in effect through 2032
↓ Graceline Court, 106 West 116th Street, #12A – $709,000
Condo | 1 bed, 1 bath | 627 ft2421A tax abatement in effect until 2033
The Savoy West via Compass
Graceline Court via Compass
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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