Price Check

One bedrooms you can buy for $700,000 in Fidi, where towers are sprouting

This one bedroom has a balcony and four large closets. 

Douglas Elliman 

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When I was a penniless grad student in the early aughts, I lived in a cramped one-bedroom rental on John Street in the Financial District that I split with a roommate. The building had a doorman and a package room, yet was still surprisingly affordable.

But the neighborhood could be creepy. While it was hopping during the day—with tons of people working in the area—it was eerily quiet at night. It was so quiet that I was often afraid to walk by myself at night. I spent a lot of money that I didn’t really have on taxis just so that I could be delivered safely to my door.

But that was then. Since 9/11, Fidi has undergone a massive transformation, with at least 23 new projects, according to Curbed. One of the most notable residential developments is One Wall Street, a one-time Art Deco bank tower being converted into 566 condos that will cost $3 million on average. (The median asking price of a one bedroom in the neighborhood is $1,200,000, according to StreetEasy.)

The area is also swarming with people. In fact, the Financial District’s population is now 61,000, according to the Alliance for Downtown New York—triple what it was in 2001. Which means that a new generation of impoverished students probably won’t feel the need to to waste nearly as much money on taxis as I did.

If you want to make the move to this happening locale, here are five Financial District one bedrooms that can be yours for $700,000 or less.

333 Pearl St., #12H

This one-bedroom, one-bath co-op (also shown at top) has four large closets, room for a dining table, a king-sized one bedroom, lots of cabinet space in the kitchen, and room to add a dishwasher. There’s also a terrace with room for a table. Maintenance is $587 a month, and includes heat, electricity, and hot water. Private storage is available in the building, as is discounted on-site parking for residents. It’s listed for $700,000.

20 West St., #15F

Listed for $675,000, this former studio was converted to a one bedroom, and has a flexible layout with distinct areas for dining, living, sleeping, and working. There are also high ceilings, hardwood floors, a marble bathroom, and stainless steel appliances and granite countertops in the kitchen. It’s located in the Downtown Club Condominium, which offers a full-time concierge, an on-site valet, free gym, residents’ lounge, steam room, yoga studio, movie screening room, and a roof deck. It can be delivered vacant or with a tenant in place who’s currently paying $3,100 a month. Common charges are $746 a month, and taxes are $662 a month.

56 Pine St., #8F

Features of this 601-square-foot one-bedroom, one-bath condo include high ceilings, hardwood floors, and lots of closets. The building has a 24-hour doorman, concierge, bike storage, fitness center, conference room, and media room. It’s listed for $669,500. Common charges are $1,044 a month, and taxes are $858 a month.

77 Fulton St., #9E

Priced at $699,000, this one-bedroom, one-bath co-op faces south, has stainless steel appliances in the kitchen, and has a balcony with city views. Maintenance is $608 a month, and includes heat, hot water, gas, and electricity. It’s in a pet-friendly 27-story high-rise building with an attended lobby and a basketball court. Indoor parking and bike storage are both available for an additional fee.

90 Beekman St., #5L

Listed for $640,000, this west-facing one-bedroom, one-bath co-op has a large living/dining room with a wall of windows, a king-sized bedroom, and a walk-in closet. It’s in the Southbridge Towers, a nine-building complex built in 1971. Maintenance is $530 a month, and includes electricity, heat, and hot water.

 

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