Finding a place to call home in New York for less than $100,000 might sound surprising, especially when the property comes with outdoor space, assigned parking, and access to a swimming pool.
Yet one apartment in Port Chester, New York, is currently listed for just $75,000 after undergoing several price reductions over the past year.
Located at 315 King Street, Apartment 1L, this one-bedroom residence offers approximately 750 square feet of living space inside the Longview Terrace cooperative community.
The apartment features wooden flooring, a spacious living area, a private outdoor deck, and access to several shared amenities.
Originally listed for $125,000 in September 2025, the asking price has since dropped by $50,000, making the property an interesting option for buyers exploring lower-priced housing opportunities in Westchester County.
A $50,000 Price Reduction Gets Attention
The property’s price history is one of the most notable aspects of this listing.
According to Zillow, the apartment first entered the market on September 19, 2025, with an asking price of $125,000.
The asking price was subsequently reduced several times throughout 2026.
In January, it dropped to $120,000, followed by another reduction to $110,000 in April.
By July, the price had fallen below the $100,000 threshold, reaching $99,000.
The latest recorded reduction occurred on August 20, 2026, when the asking price was lowered to $75,000.
That represents a total decrease of $50,000, or 40% of the original asking price.
At its current listed price, the apartment costs approximately $100 per square foot of interior living space.
However, prospective buyers should carefully review the property’s cooperative ownership structure and ongoing monthly expenses before evaluating the overall cost of ownership.
A Spacious First-Floor Apartment
The residence is situated on the first floor of the Longview Terrace cooperative building.
For buyers who prefer easy access to their living space, the location of the apartment may be a convenient feature.
The unit offers approximately 750 square feet of interior space, including one bedroom, one full bathroom, a kitchen, and a living area.
According to the listing, the apartment has only two neighboring units and shares one common wall.
Its end-unit position may appeal to residents who prefer a layout with fewer directly adjoining apartments.
The residence has also been freshly painted, giving the interior a clean appearance and providing a starting point for personal decoration.
Wooden Floors Add Warmth to the Living Space
Inside the apartment, wooden flooring contributes to the traditional character of the residence.
Wood floors can complement numerous decorating styles, from minimalist interiors to more traditional furniture arrangements.
The living area offers room for essential furnishings, including a sofa, entertainment center, and dining arrangement.
With 750 square feet of total living space, the apartment provides flexibility for a one-bedroom residence.
The layout may appeal to buyers who prefer a manageable home without the maintenance requirements associated with a larger property.
A Galley-Style Kitchen
The apartment includes a galley-style kitchen, a layout commonly found in city apartments and mid-century residential buildings.
This design typically places cabinets, appliances, and work surfaces along opposing or adjacent walls to make efficient use of available space.
According to the Zillow listing, the kitchen includes a refrigerator and microwave.
The kitchen’s practical arrangement allows residents to prepare meals without requiring a large portion of the apartment’s total floor area.
For buyers who enjoy interior decorating or cosmetic improvements, the space could also provide opportunities for future personalization, subject to cooperative building requirements.
A Private Outdoor Deck Overlooking the Courtyard
One of the apartment’s most appealing features is its outdoor space.
The residence includes a generously sized deck overlooking a landscaped courtyard.
For apartment residents, having a dedicated outdoor area can provide an enjoyable extension of the indoor living space.
The deck offers opportunities for arranging outdoor furniture, relaxing with a morning coffee, or enjoying fresh air without leaving the building.
The courtyard setting provides a pleasant backdrop, while the deck offers a place to unwind after a busy day.
Outdoor space is an important consideration for many apartment buyers, particularly those accustomed to living in properties without a private patio or balcony.
Assigned Parking Adds Everyday Convenience
Parking is another notable feature of this New York apartment.
According to the listing, the unit comes with an assigned parking space.
The parking area is visible from the apartment, providing residents with a convenient view of their vehicle.
For people who drive regularly, having a designated parking spot can eliminate the need to search for street parking.
The building also offers garage parking through a waiting list.
Prospective buyers interested in a garage should verify availability, additional costs, and eligibility requirements with building management.
A Swimming Pool, BBQ Area, and Shared Amenities
Longview Terrace offers several communal features that extend beyond the individual apartment.
Residents have access to a swimming pool, providing an outdoor recreational option during warmer months.
The building also includes a designated barbecue area, offering space for outdoor cooking and social gatherings.
Other shared amenities include laundry facilities, bicycle storage, and additional storage areas.
For buyers accustomed to buildings with limited communal facilities, these features may be worth considering.
The availability of shared outdoor and recreational spaces can contribute to the overall apartment-living experience.
However, buyers should review the cooperative’s rules, amenity access policies, and any associated costs before purchasing.
Important Building Improvements
The apartment is located in a brick building originally constructed in 1955.
According to the listing, the property has received several improvements.
The individual apartment includes updated windows and an updated electrical panel.
The building has also undergone roof replacement and elevator modernization.
These improvements may be relevant to buyers evaluating the condition of an older residential building.
The apartment is freshly painted and is advertised as ready for occupancy.
Nevertheless, a buyer should review the building’s maintenance history, financial statements, and any planned capital improvements.
Convenient Access to Shopping and Transportation
The apartment is located in Port Chester, a village in Westchester County, New York.
The surrounding area offers restaurants, supermarkets, shopping destinations, and entertainment venues.
One of the area’s recognizable attractions is The Capitol Theatre, a historic entertainment venue known for hosting concerts and live performances.
The property also provides access to local public transportation.
According to the listing, bus connections toward Connecticut, the Bronx, and White Plains are approximately four blocks away.
Interstates 95 and 287 are also accessible from the surrounding area.
For outdoor recreation, residents can explore nearby parks and coastal destinations, including Rye Beach.
The combination of local amenities and transportation options may be useful for buyers considering daily commuting and recreational activities.
Understanding the Cooperative Ownership Structure
Before considering this property, buyers should understand that it is listed as a stock cooperative, commonly known as a co-op.
Unlike a traditional condominium, purchasing a cooperative apartment generally involves acquiring shares in a corporation that owns the building, together with the right to occupy a particular unit under a proprietary lease.
This ownership structure can involve additional requirements.
Buyers may need to satisfy financial qualifications, submit an application, and obtain approval from the cooperative’s board.
Cooperative apartments also commonly involve monthly maintenance charges that contribute toward building expenses.
Depending on the building, these payments may include property taxes, heating, building maintenance, and other services.
Zillow’s listing does not provide a confirmed monthly maintenance amount for this apartment.
As a result, buyers should contact the listing agent or building management to determine the actual monthly expenses before making financial decisions.
Property Details at a Glance
| Feature | Details |
|---|---|
| Address | 315 King Street, Apt 1L, Port Chester, NY 10573 |
| Asking Price | $75,000 |
| Original Asking Price | $125,000 |
| Total Price Reduction | $50,000 |
| Bedrooms | 1 |
| Bathrooms | 1 Full |
| Living Space | 750 sq. ft. |
| Price Per Square Foot | $100 |
| Year Built | 1955 |
| Property Type | Stock Cooperative |
| Building | Longview Terrace |
| Floor | First Floor |
| Flooring | Wood |
| Kitchen | Galley Style |
| Parking | Assigned Parking Space |
| Garage | Available Through Waiting List |
| Outdoor Space | Deck Overlooking Courtyard |
| Community Pool | Yes |
| Laundry | Shared Facilities |
| Additional Amenities | Elevator, BBQ Area, Bicycle Room, Storage |
| Heating | Oil |
| Central Air Conditioning | Not Listed |
| Original Listing Date | September 19, 2025 |
| Latest Price Reduction | August 20, 2026 |
| MLS Number | 914807 |
Source: Zillow and OneKey MLS, checked September 23, 2026.
Final Thoughts
A New York apartment listed for $75,000 may immediately catch the attention of buyers searching for lower-priced properties.
This Port Chester residence offers more than its advertised asking price.
With 750 square feet of living space, a private outdoor deck, assigned parking, and access to a swimming pool, the apartment includes several features that may appeal to buyers seeking practical apartment living.
Its location within Westchester County also provides access to shopping, entertainment, public transportation, and nearby recreational destinations.
However, the property’s cooperative ownership structure is an essential factor to consider.
The purchase price alone does not represent the full cost of ownership, and buyers should verify monthly maintenance fees, financing options, board requirements, and any building restrictions.
For individuals interested in exploring cooperative housing, this property provides an example of an apartment available below $100,000 in the New York metropolitan area.
Want to see what a $75,000 New York apartment actually looks like inside?
Explore all 25 property photos, the floor plan, and the virtual tour through the original Zillow listing.
Original Property Listing:
View 315 King Street, Apt 1L, Port Chester, NY on Zillow
Disclaimer: Property prices, availability, maintenance charges, and listing details may change. Information is based on publicly available real estate listings. Prospective buyers should independently verify cooperative ownership requirements, monthly expenses, building policies, and financing conditions.