Buying an alcove studio in New York City gives you the best of both worlds: You’ll pay less than you would for a one bedroom—and you still get a separate sleeping space.
That’s because over the past year, the median sales price for studios is $250,000 less than the median price for one bedrooms, according to data from UrbanDigs, a real estate analytics firm. But you will have to do some searching: Only 271 of the 1,341 studios listed on StreetEasy feature an alcove.
You can also search for alcove studios with separate kitchens, private outdoor space, and foyers so you don’t feel like you’re living in just one room. There are also ways to arrange your furniture and multi-purpose furniture to maximize your space. And if you can’t find a studio with a sleeping alcove, check the building’s policy on installing temporary pressurized walls to create your own bedroom.
To help with your apartment search, here are five alcove studios for sale in Jackson Heights, Sutton Place, Battery Park City, Crown Heights, and Turtle Bay.
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37-31 73rd St., #2H,Jackson Heights
This studio is listed for $309,000. Apartment #2H has a sleeping alcove, parquet floors, moldings, several windows, a ceiling fan, and three closets. Amenities include a live-in super, doorman, roof deck, laundry room, and bike room.
345 East 54th St., #5J,Sutton Place
This studio is listed for $399,000. It has a sleeping alcove, separate kitchen, moldings, high ceilings, hardwood floors, four closets, and through-the-wall AC. The building has a live-in super and laundry room. There’s a monthly assessment of $50 through December 2022.
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300 Albany St., #3O,Battery Park City
This studio is listed for $525,000. The condo features a sleeping alcove, parquet floors, high ceilings, oversized windows, stainless steel appliances, and several closets. Amenities include a doorman, gym, and garden.
111 Montgomery St, #3Q,Crown Heights
This studio is listed for $535,000. The condo has a sleeping alcove, hardwood floors, floor-to-ceiling windows, Bosch appliances, and recessed lighting. Amenities include a roof deck, gym, parking, and storage.
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330 East 49th St., #11M,Turtle Bay
This studio is listed for $615,000. Apartment #11M has a sleeping alcove, separate kitchen, stainless steel appliances, parquet floors, high ceilings, track lighting, moldings, and three closets. Amenities include a doorman, live-in super, storage, and laundry room.