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New York Magazine

The Everything Guide to Belt-Tightening: Bargain Hoods

By: S. Jhoanna Robledo
Published: 2/6/2008Source: New York Magazine

Brokers pick the areas with the best values for buying and renting.

 

 

Midtown, west of Ninth Ave. picked by Holly Sose, City Connections Realty Inc.

 

Even though it feels removed, "you're still close to transportation, and it's got interesting restaurants and bars," says Sose. "Some call it `Hell-sea.' It's got the vibe of old Chelsea but not the price."

 

To Buy

432 West 47th Street

Larry Zarr, the Corcoran Group

A large 780 square feet floor-through co-op. $575,000.

 

To Rent

432 West 46th Street

Adam Rueda, Bond New York

A 450-square-foot rental in an elevator building (no doorman). $1,900 per month.

 

 

 

Clinton Hill/Bed-Stuy picked by Deborah Rieders, The Corcoran Group

 

The neighborhood gets a bad rap for being hard to reach, but the apartments-co-ops and condos-are large and airy. "They were designed with artists in mind," Rieders says.

 

To Buy

689 Myrtle Ave.

Deborah Rieders, The Corcoran Group

A 1,000-square-foot duplex loft in a former chocolate factory. $499,000.

 

 

 

East Williamsburg/Bushwick picked by Deborah Rieders, The Corcoran Group

 

Cross the BQE from the 'Burg and save 10 percent. "The housing stock"-older lofts and frame houses-"is more humble, so [landlords] can't ask for as much," Rieders says.

 

To Rent

1079 Broadway

Alan Zeitler, developer

A 500-square-foot rental with a private roof deck. $1,390 per month.

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