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Real Estate: What you can get for $5,000 in New York City

Armchair Apartment Hunting: What You Get for $5,000 a Month

At $5,000 a month you've got some real money to play with -- from fully furnished three bedrooms on the Upper West Side to crazy loft spaces in Brooklyn -- the city is your oyster

Shopping in the NYC rental market with a monthly budget of $5,000? Lucky you: That price puts you on the higher end of the market, meaning more space and added amenities in newer buildings. Even so, $5,000, won’t guarantee you the best of the best — this is still New York, after all, a city where apartments rent for as much as $80,000 a month. For $5,000, however, you can get a fully furnished pad near Central Park in the Upper West Side, or a glassy luxury rental in Harlem. And in outer borough neighborhoods like Long Island City, the budget affords some pretty swanky pads. To survey your options, NewYork.com has searched its collection of real estate listings in the $5,000 a month price tag, and found these five lookers. (For a taste of NYC real estate on a lesser budget, check out $1,500, $2,500 and $3,500.)

 

Upper West Side

What you get for $5,000 on the Upper West Side

Upper West Side, Manhattan, $5,000/month|
Looking for an apartment without the hassle of moving all your furniture? This Upper West Side apartment comes fully furnished, and the interior should appeal to those who appreciate a clean, modern look. Minimal, sleek furnishings get a pop of color from occasional bright red and purple accent walls — although that color combo won’t be for all renters. The monthly rent also includes WiFi, Internet and cable service. While there’s no square footage listed, this is a large apartment by Manhattan standards with two full bedrooms and two bathrooms spread over two floors. A spiral staircase connects both levels. And did we mention there’s a private terrace with its own barbecue setup? With warmer months ahead, that’s a big selling point. The listing promises that this unit is close to Central Park and “steps to the subway.” The Upper West Side, one of the most charming neighborhoods of Manhattan, is serviced by the B, C and 1 trains. See more rentals in the Upper West Side.

 

What You Get for $5,000 in Long Island City

What You Get for $5,000 in Long Island City

Long Island City, Queens, $4,895/month
If you have a $5,000 budget and want to rent in Queens, head straight for the Long Island City waterfront. The area is known for its glassy skyscrapers with luxury apartments and killer views of the Manhattan skyline. One of the newer skyscrapers to open in the neighborhood, 4545 Center Boulevard has some of the area’s best amenities. There’s a giant outdoor space with sand volleyball courts, tennis courts, a playground, sun deck and on-site dog run, and a fitness center indoors. So what about that apartment? This three-bedroom, three-bathroom unit has floor-to-ceiling windows in nearly every room. The listing doesn’t show photos of the bathrooms or kitchens, but you can expect updated finishes since it’s a new building. The area has become a popular residential neighborhood with the Midtown Manhattan working crowd, given the short trip into the city on the 7 train. While the number of bars and restaurants are ever growing in LIC, the waterfront area can sometimes be desolate at night. See more rentals in Queens.

 

What you get for $5,000 in Fort Greene

What you get for $5,000 in Fort Greene

Fort Greene, Brooklyn, $4,650/month
This spacious loft apartment with a sleeping mezzanine is up for rent in the quiet brownstone neighborhood of Fort Greene. It has 16-foot ceilings, exposed brick, oversized windows and a lofted bedroom space. The black-tiled bathroom is unusual, as is the bathroom’s glass brick wall, which appears to abut the entryway. The perks are the large, if somewhat dated-looking, kitchen — not a common feature in most Brooklyn apartments, and the expansive roof deck with views of the Williamsburg Savings Bank. While the apartment has character, it doesn’t come with the amenities package you’ll find at many other high-ticket NYC apartment rentals. Fort Greene residents love the neighborhood for its historic rows of brownstones, tree-lined streets and nearby Fort Greene Park. It’s also close to the Atlantic Terminal transit hub, which offers access to just about every subway line and the LIRR. See more rentals in Fort Greene.

 

What you get for $5,000 a month in Harlem

What you get for $5,000 a month in Harlem

Harlem, Manhattan, $5,000/month
Five thousand dollars a month won’t get you into a luxury rental building near Central Park in the Upper West or the Upper East Side, but it will get you near Central Park in Harlem. This three-bedroom listing promises a location just north of Central Park and just west of Morningside Park. How’s this for fancy? You enter the apartment directly through a private, keyed elevator. Inside, there are three bedrooms (other units in the building have one and two bedrooms), two-and-a-half baths and private outdoor space. The living room has a large panel of floor-to-ceiling glass windows. For $5,000 a month, we hope that view is pretty darn good! The building itself offers a modest amenities package, which includes a gym, virtual doorman and a package room. Harlem is well-serviced by the A, B, C and D subway lines. See more rentals in Harlem.

 

What you can get for $5,000 in Riverdale

What you can get for $5,000 in Riverdale

Riverdale, Bronx, $4,800/month
Our last apartment pick comes from a new development high-rise in Riverdale, a quiet Bronx neighborhood. This apartment is large with three bedrooms, two bathrooms and more than 1,550 square feet (just how many more the listing doesn’t specify). Floor-to-ceiling glass windows, which seem to be the trademark of new luxury buildings these days, dominate the space. We’re not sure if it’s the mediocre quality of the listing photos or the apartment itself, but the price tag of $4,800 seems a tad steep (room to bargain?). In the Bronx, this kind of money should afford a few more bells and whistles. The building does have its own playroom, gym, garage and doorman. And the listing promises new appliances. The greatest challenge if you rent it will be in convincing your Manhattan friends to visit you in Riverdale, which is only accessible by the 1 train (and if you have Brooklyn friends, forgettaboutit!). Also note that although there are several large rental buildings in the area, the neighborhood is much better known for its sprawling mansions and suburban feel. See more rentals in Riverdale.

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