Luxury NYC Homes Around $1 Million: First-Time Buyer Opportunities

With spring blooming across New York City, now is the ideal moment for first-time buyers to seize the opportunity to enter the luxury real estate market. Trading skyrocketing rents for long-term investments is more appealing than ever, especially as these premier residential buildings provide approachable price points around $1 million alongside luxurious amenities typically associated with multimillion-dollar residences. From wellness-driven amenities to sophisticated co-working spaces, discover how some of the city's most sought-after properties are redefining luxury living for a new generation of buyers.

547 West 47th Street

Situated in the heart of Manhattan's West Side and sculpted by the acclaimed Dutch-based design firm Concrete, 547 West 47th Street is a transformative, move-in-ready luxury condominium bringing 219 studio to two-bedroom residences and an impressive suite of massively scaled amenities and resort-style services to Hell's Kitchen. Currently on the market for $985,000, Residence 609 at 547 West 47th Street is a 717-square-foot, one-bedroom, one-bathroom curated by Concrete Architects that looks out onto a landscaped viewing garden, creating an unexpected and transportive experience in the heart of Hell’s Kitchen. Whether purchasing a studio or a 2-bedroom, all residents at 547 West 47th Street enjoy the best of modern city living both inside and outside of the home, with access to the building's over 30,000 square feet of indoor and outdoor amenities. From the rooftop pool and sundeck with sweeping Hudson River and city views; to The Glasshouse, a freestanding glass-enclosed library with a stylish fireplace, living room seating, and a communal work table; to the state-of-the-art indoor/outdoor double-height fitness center with a yoga and pilates studio; to multiple levels of outdoor kitchens, lounge areas and open greenspace; 547 West 47th Street offers residents everything they could need all under one roof. Adding to the robust lifestyle offerings, the building also features a dog run, a chef's kitchen and private dining room, reservable hotel rooms for guests, a dedicated coworking and conference room, a bike repair shop, and more.

720 West End Avenue

720 West End Avenue is the transformation of an Emery Roth-designed pre-war building into a premier residential development in a landmarked area of Manhattan’s Upper West Side, one of the city’s most beloved neighborhoods. Renowned designer Thomas Juul-Hansen is leading the complete redesign of the interiors at the 17-story building, which will now offer 131 luxury residences ranging from one- to five-bedroom homes priced from $1M to over $12M. Juul-Hansen’s residential interiors offer a modern take on classic Upper West Side living and pre-war design with integrated lighting, bespoke architectural details and coveted views of the nearby Hudson River and sweeping city skyline. Asking $1,015,000, Residence #6L at 720 West End Avenue is a spacious one-bedroom, one-bathroom home with northern views overlooking the building’s tranquil, landscaped terrace. Gorgeous natural light accentuates the thoughtful design details of this well-appointed home, with highlights including white oak flooring throughout, a luxe, marble-clad primary bathroom featuring a custom Juul-Hansen-designed vanity, and a custom Italian kitchen by Boffi. Residents will enjoy access to the development’s expansive 30,000-square-foot indoor and outdoor amenity suite, which includes private parking, a fitness center, yoga and pilates rooms, sports courts, a bar, dining and co-working spaces, a gaming lounge and more.

The Perrie

Located on a leafy residential street in Midtown’s Turtle Bay neighborhood, The Perrie is a collection of 95 one-bedroom residences that fit the needs of today’s modern buyer. Each of the residences feature beautiful designs and seamless indoor-outdoor living, with the majority of the homes including private balconies offering unique views of Midtown. Listed at $985,000 residence 401 features an open plan kitchen and a spacious private balcony that offers southern exposures with garden views to the south and the midtown skyline to the west. The wide-plank white oak flooring, large-scale windows and glass doors, allow for ample natural light, and an in-home Bosch stacked washer and dryer adds another layer of comfort and convenience for owners. Residents can enjoy an amenities package designed for modern urban living, including a 24-hour attended lobby, landscaped entry garden, courtyard garden with fire pit, fitness center with outdoor yoga area, lounge, and coworking suite.

Front & York

Front & York, the luxury condominium offering one of the only full-service, highly amenitized residential opportunities in DUMBO, is an ideal option for first-time homebuyers looking to break into the New York City market. Residence 7C is a one-bed, 1.5-bath home currently on the market for $1.195 million. The light-filled home offers a generously proportioned layout with 10-foot ceilings, chevron-patterned white oak flooring, top-of-the-line appliances and finishes, and immense windows that boast stunning views overlooking the development's private park. Residents of Front & York enjoy access to 150,000 square feet of amenities, including a coffee lounge, coworking lounge, wine room, music studio, children's playroom and a complimentary six-year membership to Life Time DUMBO, which is located within the building.

One Williamsburg Wharf

One Williamsburg Wharf is a new luxury condominium tower and the first residential tower offering at Williamsburg Wharf, the 3.75-acre master-planned development and resort-style destination on Williamsburg’s East River shoreline. Asking $885,000, Residence 18E is an impeccably designed studio with gorgeous East River and Manhattan skyline views — all in a resort-style setting on the Williamsburg waterfront. In addition to the picturesque views, the home boasts an impeccably designed kitchen blending organic tones with subtle curves to create a modern, elegant space for everyday use. Residents will also enjoy an extensive collection of shared amenities designed by Ward + Gray including an indoor-outdoor fitness center with a terrace and yoga room, rooftop pool, outdoor ice skating rink, game room, access to a porte-cochère with an open-air inner court and much more.

Monogram New York

Monogram New York is a stunning new development located right in the heart of Midtown Manhattan, effortlessly blending serenity with the vibrant flair of New York. Asking $1,250,000, Monogram New York’s Residence 8A is a gorgeous 1-bed, 1-bath home with stunning North facing views of Manhattan. This residence is an airy 616-square-foot apartment with soaring ten-foot ceilings and floor-to-ceiling windows. Monogram New York offers residents turn-key residences designed with furniture from Neri&Hu that has been thoughtfully curated to enhance the home's features and create a cohesive, luxurious living space.

As the real estate market heats up, these buildings represent the perfect intersection of affordability and luxury, enabling first-time buyers to finally invest in homes that deliver lasting value. Whether you're looking for dynamic Manhattan living, serene waterfront views in Brooklyn, or timeless elegance on the Upper West Side, these properties offer more than just residences—they offer a lifestyle of elevated comfort and convenience. Now is the moment to make your mark in New York’s ever-competitive market, without compromising on your dreams of luxury living.

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