NYC Condos with Tax Abatements Priced Below $1.25M; Get Your Tax Break Just Like Amazon

By Michelle Mazzarella | From Future New York Thursday, November 8, 2018

East River Tower via Compass

While the sticker price is undoubtedly important, it's equally crucial that apartment hunters look at all costs. Buyers can easily be drawn to low prices without looking at high maintenance costs and/or real estate taxes. The following condo listings throughout New York offer a break in both regards: Not only are they all priced under $1.25 million, but they come with tax abatements that should lighten the load for the next few years.

↓ Reade57, 57 Reade Street, #8D | $1,245,000

1 bed, 1 bath | 785 ft² | 5 years remaining on tax abatement

Bright one-bedroom in the heart of Tribeca features floor-to-ceiling windows, hardwood floors, ample closet space, a washer/dryer, and a deeded storage unit. The open gourmet kitchen is outfitted with Caesarstone countertops and top-of-the-line appliances. Building amenities include a landscaped common garden, fitness center, lounge, and bike room. See full details here.

Floor plan

↓ Riverwalk Place, 455 Main Street, #3F | $1,199,000

2 beds, 2 baths | 1,036 ft² | Tax abatement until 2026

All images of Riverwalk Place via Corcoran

Kitchen

Bedroom

One stop from Midtown Manhattan, this Roosevelt Island condo is a serene, sunlit oasis. The open kitchen is equipped with stainless steel appliances and granite countertops. Both bedrooms are generously sized and come with ample closet space. See full details here.

↓ Brooklyn Point, 1 City Point, #19H | $1,107,510

1 bed, 1 bath | 739 ft² | 25-year tax abatement

All images of Brooklyn Point via Extell

Kitchen

Bedroom

Luxurious home in Downtown Brooklyn features white oak floors and amazing views through oversized south-facing windows. The custom kitchen features cerused oak cabinetry, separate pantry, white quartz slab countertops, and Miele appliance package. The radiant-heated master bath offers spa-like tranquility. See full details here.

Floor plan

↓ Fifty Franklin, 50 Franklin Street, #3E | $1,038,000

1 bed, 1 bath | 779 ft² | Tax abatement through 2021

All images of Fifty Franklin via Citi Habitats

Kitchen

Bath

Handsome Tribeca condo features fresh paint, floor-to-ceiling windows, 9' ceilings, and wide plank hardwood floors. The kitchen is outfitted with top-of-the-line appliances and custom track lighting. The bedroom is rich in natural light, but also has electronically adjustable blackout shades. See full details here.

Floor plan

↓ One48, 148 East 24th Street, #10E | $990,000

1 bed, 1 bath | 640 ft² | Tax abatement expiring in 2022

All images of One48 via VORO NYC

Kitchen

Bedroom

Contemporary Gramercy condo comes fully furnished and with a private balcony. The state-of-the-art kitchen features stainless steel appliances, self-closing cabinetry, and generous storage and counter space. The master bath has European porcelain flooring, walnut vanity, rain shower, and soaking tub. See full details here.

Floor plan

↓ 5th on the Park, 1485 Fifth Avenue, #8H | $975,000

1 bed, 1 bath | 884 ft² | Tax abatement through June 2035

All images of 5th on the Park via Halstead

Living room

Dining area and kitchen

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Sleek, spacious Harlem apartment features amazing natural light, Brazilian cherry hardwood floors, generous closet space, in-unit washer/dryer, and central air conditioning. The chef's kitchen has an open breakfast bar, granite countertops, custom cabinets, and top-of-the-line appliances. The king-size bedroom has a walk-in closet. See full details here.

Floor plan

↓ 100 Norfolk Street, #7D | $975,000

Studio, 1 bath | 597 ft² | 421-a tax abatement

All images of 100 Norfolk Street via Douglas Elliman

Kitchen

Bedroom

Located in a new architectural masterpiece on the Lower East Side, this dazzling apartment features double-pane floor-to-ceiling windows, oak flooring, central heat and air conditioning, and in-unit washer/dryer. The open custom kitchen is outfitted with quartz countertops and backsplash, high-gloss cabinetry, and Gaggenau appliance suite. Building amenities include a gym, yoga room, roof deck, garden lounge, and bike room. See full details here.

Floor plan

↓ East River Tower, 11-24 31st Avenue, #4A | $945,000

2 beds, 1.5 baths | 933 ft² | 421-a tax abatement until 2025

All images of East River Tower via Compass

Bedroom

Private balcony

Corner condo on the Long Island City waterfront offers spectacular skyline views and a private balcony to better enjoy them. An elegant chef's kitchen features GE stainless steel appliances, a natural stone counter island, and generous storage space. The oversized master suite has a floor-to-ceiling window and radiant heated bath. See full details here.

Floor plan

↓ 1240 Bedford Avenue, #1D | $590,000

2 beds, 1 bath | 765 ft² | 421-a tax abatement until 2030

All images of 1240 Bedford Avenue via City Roots

Kitchen

Bedroom

Impeccably maintained Clinton Hill condo has 11' ceilings and is move-in ready! Building amenities include a renovated lobby, laundry room, bike room, and outdoor grilling area. It is conveniently located near several subway lines and local restaurants and markets. See full details here.

Floor plan

↓ Vantage at Purves, 44-27 Purves Street, #3E | $588,000

Studio, 1 bath | 464 ft² | Tax abatement expiring in 2023

All images of Vantage at Purves via Compass

Kitchen

Private terrace

Spacious Long Island City studio features private terrace, oversized windows, high ceilings, and custom kitchen. Building amenities include a roof deck, gym with sauna, media room, private storage, and cold storage. It is only two blocks from Court Square and the many subway lines and restaurants nearby. See full details here.

↓ Ten63, 63-10 Jackson Avenue, #6B | $556,000

Studio, 1 bath | 434 ft² | Tax abatement expiring in 2024

All images of Ten63 via Compass

Kitchen

Sleeping area

Two massive windows in this sixth-floor studio fill it with amazing natural light and unobstructed views. The kitchen sports soft-closing cabinetry and a full stainless steel appliance package. Amenity-rich Long Island City building offers a laundry room, gym, cold storage, media room, and roof terrace. See floor plan and full details here.

Floor plan

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Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City

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↓ Reade57, 57 Reade Street, #8D | $1,245,000

In this article:

↓ Riverwalk Place, 455 Main Street, #3F | $1,199,000

↓ Brooklyn Point, 1 City Point, #19H | $1,107,510

↓ Fifty Franklin, 50 Franklin Street, #3E | $1,038,000

↓ One48, 148 East 24th Street, #10E | $990,000

↓ 5th on the Park, 1485 Fifth Avenue, #8H | $975,000

Select which properties are of interest to you:

↓ 100 Norfolk Street, #7D | $975,000

↓ East River Tower, 11-24 31st Avenue, #4A | $945,000

↓ 1240 Bedford Avenue, #1D | $590,000

↓ Vantage at Purves, 44-27 Purves Street, #3E | $588,000

↓ Ten63, 63-10 Jackson Avenue, #6B | $556,000

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