In June of this year, the New York Times published an article in their Real Estate section titled, “Using Artists to Sell Condos in Miami and New York.” It examined the trend in ultra-luxury real estate that has developers commissioning well-known artists to entice high-end buyers – in some cases with large-scale art meant to give the building an identity; and in other cases to provide each buyer with “personalized art.”
But let’s say you’re not in the “ultra-luxury” market and don’t have an extra $540,000 to drop on a piece of art by Helidon Xhixha.
There’s another way you can place yourself in the sweet spot where art meets real estate: buy property in or near a gallery-dense neighborhood. Yes, you’ll pay more at the outset, but when it comes to listing your place on VRBO or selling down the line, you’ll be able to use “access to art galleries” to the list of perks when appealing to visitors and buyers.
These New York City neighborhoods are top-of-the-line when it comes to art galleries. And, based on Zillow’s current listings, here’s a peek at what your money will buy:
Upper East Side:
– One-bed, one-bath, 665 square feet, with full-service doorman: $750K.
– Two-bed, two-bath, 1,300 square feet, with 24-hour-doorman and garage: $999K.
Lower East Side:
– Two-bed, one-bath, 821 square feet with eat-in kitchen, and downtown skyline views: $600K.
– Two-bed, two-bath, 2,349 square feet, in cast iron loft building, with key-locked elevator entrance and 11-foot ceilings: $3.85M.
– Two-bed, one-bath, 800 square feet, duplex penthouse with two terraces: $1.25M.
– Two-bed, two-and-a-half bath, 1801 square feet, duplex loft penthouse with key-locked elevator entrance and private terrace: $3.25M.
– One bed, one-and-a-half bath, 950 square feet, studio with floor-to-ceiling windows: $1.6M.
– One bed, two-bath, 1950 square feet, penthouse loft with 13-foot original pressed tin ceilings: $3.475M
– One-bed, one-bath, 694 square feet, third floor unit with a balcony and custom closets: $849,000.
– Three-bed, two-and-a-half-bath, 2980 square feet, warehouse-turned-townhouse with custom steelwork, woodwork, wall mural: $3.5M.