How Much Does a Two Bedroom Apartment Cost to Buy in NYC?

Two bedroom apartments in Manhattan range from $200k to $20 million and up. The most expensive apartments are in exclusive, full-service buildings clustered around Billionaires’ Row (Central Park South) in Midtown Manhattan and which have direct and unobstructed views of Central Park. The least expensive two bedroom apartments in Manhattan are co-ops in the upper Manhattan neighborhoods of Washington Heights, Hamilton Heights, Manhattanville and Inwood.

Outside of Manhattan, two-bedroom apartments in Queens range from $200k to $3 million. The priciest 2br apartments in Queens are located in the Hunters Point area of Long Island City, which is just across the East River from Manhattan and feels very much like an extension of Manhattan. The majority of these high priced units are new construction condos.

On the lower end of the spectrum, there are plenty of 2br co-ops available in Queens for ~$200k in neighborhoods such as Briarwood, North Corona, Kew Gardens, Forest Hills, Bellerose and Woodhaven, to name a few.

Two bedroom apartments in Manhattan, NYC range from $200k to $20m. 2 BR apartments in Queens are between $200k and $3m. 1BR units in Brooklyn are $200k to $4m.

Prices in Brooklyn start around $150k and top-out around $3 million. The most expensive 2br apartments in Brooklyn are typically new construction condos located in the western Brooklyn neighborhoods of DUMBO, Brooklyn Heights Carroll Gardens, Cobble Hill and Clinton Hill, to name a few.

Click on the links below to view real examples of two-bedroom co-op and condo apartments in Manhattan, Brooklyn and Queens.

Example Two Bedroom Apartments in NYC:

$1.15m in Clinton Hill, Brooklyn

This is a 2 bed / 2 bath condo located in a relatively new building on a tree lined block in Clinton Hill, Brooklyn. The unit sold for $1,150,000 ($1,069 PPSF) in early 2020.

The Isabella Condominium features a part-time concierge, virtual doorman, gym, bike room, laundry room, cold storage and a roof deck that offers panoramic views of the city skyline. The building is located just a short walk away from restaurants, bars and cafes at Fulton Street, Washington Avenue and Vanderbilt Avenue and the extraordinary Prospect Park. It’s also just footsteps away from the C train at Clinton-Washington Avenues Station with only a few short stops to Manhattan.

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$320k in Bayside, Queens

This is an amazing and sun filled, top-floor two-bedroom co-op in Bayside, Queens. The apartment sold for $320k in early 2020.

The unit features hardwood floors throughout, cozy living room, pass through dining area, separate kitchen with a dishwasher and stainless-steel appliances, quartz countertops as well as plenty of closets and spacious bedrooms. Short walk to Bayside LIRR Station, buses, shopping and restaurants.

$850k in Hudson Heights, Manhattan

This is a spacious, 2 bed / 2 bath co-op in the Hudson Heights neighborhood of Upper Manhattan. Sized at approximately ~1,100 sqft, the apartment sold for $850k (~$771 PPSF) in early 2020.

The building is in close proximity to Fort Tyron Park, the Coisters Museum, Jacob Javits playground, a multitude of stores and resturants and is only a 5 minute walk to the A train which takes just 19 minutes to reach 59th Street Columbus Circle.

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$1.05m in Prospect Heights, Brooklyn

Perfectly situated in prime Prospect Heights, Brooklyn on a tree lined block, this renovated 2- bedroom duplex with 1.5 baths and private outdoor space is a real gem. The apartment sold for $1,050,000 in late 2019.

233 Park Place is conveniently located around the corner from Vanderbilt Avenue, just footsteps away from the Q/B trains and three short blocks to the 2/3 trains. There is a wide array of shops and great restaurants all within walking distance, with the added benefit of being just a short walk away from the extraordinary Prospect Park.

$360k in East Flushing, Queens

This ~800 SqFt 2 bedroom apartment is located in East Flushing, Queens. The unit sold for $360k in late 2019. Convenient to supermarket, shopping, places of worship, subways, express buses to Manhattan and LIRR.

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$1.845m in Flatiron, Manhattan

Perched on a high floor with unobstructed southern views of the Manhattan skyline and the Freedom Tower, this spacious two-bedroom in Flatiron offers generously sized, sun-drenched rooms and a beautiful terrace. The apartment sold for $1,845,000 in late 2019 after only 18 days on the market.

The Parker Gramercy is a full service, pet-friendly building that offers a 24-hour doorman and concierge, live-in super and an on-site valet, a garage, dry cleaning services, and a large laundry room. The building was built in 1964, and it was converted to a co-op in 1984.

The building has entrances on West 14th Street and West 15th Street allowing you to have a better and quicker access to all major shopping areas and restaurants, such as: Whole Foods, many fine dining restaurants, coffee shops, among others. And it is a short walk to the 4,5,6,N,Q,R trains at Union Square.

$795k in Clinton Hill, Brooklyn

This is a high floor, 2 bed / 2 bath co-op in the beautiful and historic Brooklyn neighborhood of Clinton Hill. The unit, which measures approximately ~1,000 SqFt, sold for $795k in late 2019.

This well-run co-op building is located right in the heart of Clinton Hill, at the corner of Hall and Willoughby Avenue leaving you just steps from Fort Green Park and a plethora of restaurants and bars along DeKalb and Myrtle Avenues.

The building itself is a medium rise residence and is maintained by a 24-hour full maintenance and security. A laundry room and storage room, bike room, parking lot (waiting list), and communal garden are other perks of this well-run building. Transportation is easy with the Clinton/Washington G train (6 minutes away), and the B54, B38 easily accessible (35 minutes to midtown).

$400k in Rego Park, Queens

Located in the heart of Rego Park, Queens, this 2br co-op sold for $400k in late 2019 after just 29 days on market. The building is close to shopping, dining and is just one block away from the M & R Subway lines.

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$640k in Ditmas Park, Brooklyn

This newly renovated 2br co-op is located on a quiet block of the charming Ditmas Park neighborhood of Brooklyn. It sold for $637k in mid-2019.

570 Westminister Road is an Art Deco building which was built in 1935. It features a lobby with stained glass windows, soaring ceilings and patterned terrazzo floors, a 24-hour doorman, low monthly maintenance, and a live-in super. A beautifully landscaped interior courtyard is great for warm weather fun and the basement features bike and extra rentable storage.

The building houses Milk and Honey, a popular neighborhood cafe. Additional shopping and dining are just a few blocks away, including popular Cortelyou Road spots such as Sycamore Bar, The Castello Plan, Purple Yam, Cafe Tibet, Cafe Madeline, Farm on Adderly, Flatbush Food Co-op, and a weekly Farmer’s Market. The Express B and Q trains at Newkirk Plaza will put you into Manhattan in minutes.

$880k in Lower East Side, Manhattan

This is a fabulously renovated large two bedroom apartment situated in the most desirable Prewar Art Deco building in downtown’s “coolest” and historic neighborhood, The Lower East side. The unit sold for $880k in late 2018.

The residence is a part of the Amalgated building and is an Art Deco building with extremely low maintenance. There is a beautifully landscaped garden courtyard with a cascading fountain.

The Lower East Side is Manhattan’s most rapidly changing neighborhood with the Essex crossing development, the low line and the newest restaurants, shops and galleries, makes it one of the best areas to invest in Manhattan. Neighborhood staples include Trader Joes and Target in addition to Metrograph along with Michelin rated restaurants like Contra or the casual Dimes. Building features a package room, fitness, bike room, and central laundry.

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Published: 2/26/2020
Disclosure: Hauseit® and its affiliates do not provide tax, legal, financial or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, financial or accounting advice. No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. Hauseit LLC is a Licensed Real Estate Broker, licensed to do business in New York under license number 10991232340. Principal Office: 148 Lafayette Street, New York, NY 10013.

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