New Yorkers can enjoy the glitz and glam of living near "Billionaires' Row" without paying billionaire prices in one of several luxury residences currently available around the area for under $1 million.
"Billionaires' Row"—an area of Midtown Manhattan at the southern end of Central Park, known for its luxury skyscrapers purchased by the ultra-wealthy—is home to some of the most expensive real estate and luxury residences in the world.
New York City residents can now get a taste of the billionaire lifestyle at one of the new swanky apartments available at two buildings in Midtown—Monogram New York and 547 West 47th Street.
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According to the latest forecast from the National Association of Realtors (NAR), 4.71 million existing homes in the United States are projected to be sold this year, marking a 13.5 percent rise from the 4.1 million anticipated in 2023.
Below, we take a closer at four New York City residences where you can live like a billionaire for under $1 million.
Exterior images of Monogram New York (left) and 547 West 47th Street where there are four apartments available for less than $1 million. Exterior images of Monogram New York (left) and 547 West 47th Street where there are four apartments available for less than $1 million. Recent Spaces; Donna Dotan
Monogram New York
Housing 191 residences over 35 stories, Monogram New York will be completed and move-in ready some time later this year, but its apartments are currently available for sale.
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The new luxury residence is located in the heart of the city's prime Midtown Manhattan area "where access to the world's best culture, restaurants, shopping, and more is all available as soon as you step outside," Patrick Zhu, president of Navigation Capital Group, the developer behind the building, told Newsweek.
The complex is central to the Big Apple's iconic landmarks, set just steps from Grand Central Station and the new JP Morgan headquarters.
Residents can access a range of amenities, such as a "Zen-inspired" spa, a fitness center, private garden and an exclusive "sky-level" lounge known as The Sphere Club, which features terraces, a reading room with a fireplace, an intimate bar and a private dining room and catering kitchen.
Lyndon Neri and Rossana Hu, the founding partners of Neri&Hu, the firm behind the building's interiors, told Newsweek: "The idea of having both the collective and the individual space is very important in our approach for Monogram New York. The communal spaces within the building foster a sense of social interaction and cultural exchange while the private units provide a refuge for solitude and contemplation."
Renderings of some amenity spaces at Monogram New York.Renderings of some amenity spaces at Monogram New York.Recent Spaces
Residence 8B
Price: $928,200 Size: 478 square feet Bedrooms: Studio
This airy north-facing studio comes with 10-foot high ceilings, floor-to-ceiling windows and spacious storage.
The apartment features "an efficient layout engineered to maximize potential furniture solutions," with oak flooring, insulated glass windows, smart home thermostats, a Bosch washer and dryer, and an over-sized closet space, according to its listing.
Designed with clean, vertical lines and the use of natural materials that create a serene ambiance, its stylish kitchen stands out for its unique Italian Calacatta Monet marble countertops and sleek faucets from Kallista. The kitchen is furnished with appliances from Gaggenau and Bosch as well as a hidden pantry that comes with a built-in bar and appliance drawer, concealed behind a convenient pocket door.
Its bathroom lends an opulent feel, featuring Italian Bianco Carrara marble walls with matching marble floors, bronze shelving and reeded glass shower dividers.
A rendering of the living room space for Residence 4C and 8B Monogram New York. A rendering of the living room space for Residence 4C and 8B Monogram New York. Monogram NY
Residences 4C
Price: $969,100 Size: 529 square feet Bedrooms: One bedroom
Residence 4C is another "efficiently articulated" north-facing residence featuring a separate bedroom in addition to 10-foot high ceilings and floor-to-ceiling windows.
The one-bedroom features all the luxurious furnishings and state-of-the-art appliances offered in the aforementioned Residence 8B.
All residents of Monogram New York will also have access to free full-time concierge services by LIVunLtd, which includes itinerary and travel arrangements, customized event management, private chef access as well as the coordination of other services including catering, event tickets and reservations and housekeeping.
Renderings of the bathroom and kitchen spaces of Residence 4C and 8B at Monogram New York. Renderings of the bathroom and kitchen spaces of Residence 4C and 8B at Monogram New York. Monogram NY
547 West 47th Street
Set in the vibrant Hell's Kitchen area of Manhattan's West Side, this new development consists of 219 residences over 12 stories. The complex introduced an interest rate buy-down incentive on all studio residences and select one-bedrooms earlier this year, which reduces a buyer's interest rate by two points in the first year and one point in the second year.
Design influences throughout its exterior and interiors honor "the city's industrial heritage while referencing the views of the New York skyline of today," Erikjan Vermeulen, partner and head of architecture at Concrete, the Dutch architecture firm, told Newsweek. Concrete is behind several design hotels and other venues around the world including the citizenM hotels.
The building's "dynamic, sculptural shell" was designed to mimic the duality of the residential interiors, which are both contemporary and functional, Vermeulen noted.
Images of the rooftop pool and The Glasshouse library available at 547 West 47th Street.Images of the rooftop pool and The Glasshouse library available at 547 West 47th Street.Ewout Huibers, Courtesy of ConcreteThe building aims to offer an all-encompassing residential experience designed for modern New York City living, Vermeulen explained, "from the robust upcycled brickwork base and the loft-style residences of the lower floors to the light, cloud-like architecture comprising cantilevered glass boxes and open-air private terraces for the homes that crown the building's top five stories to the suite of comprehensive indoor and outdoor amenities and serene common spaces."
Residents can access more than 30,000 square feet of indoor and outdoor amenities in the building, including a rooftop pool and sundeck with sweeping views of the Hudson River and The Glasshouse, a stylish glass-enclosed library with a fireplace as well as multiple levels of outdoor kitchens, lounge areas and open greenspace.
Residence 710
Price: $995,000
Size: 706 square feet
Bedrooms: Studio
This spacious studio has a southern exposure, allowing plenty of light into the living space for picturesque views of the Midtown skyline. Residents enter the apartment through an alcove area that is separate from the living space for maximum functionality.
The living room at Residence 710 at 547 West 47th Street.The living room at Residence 710 at 547 West 47th Street.Donna DotanThe home features a "generously sized" open kitchen that's "not common for studio residences," as well as a dramatic marble countertop, custom cabinets with ample storage and appliances from Miele and Bosch, according to its listing on StreetEasy.
Its stylish bathroom features grey terrazzo flooring and ceramic wall tiles as well as a pale grey marble countertop and matte black fixtures by Rohl.
The dining and sleeping areas at Residence 710.The dining and sleeping areas at Residence 710.Donna Dotan
Residence 322
Price: $985,000 Size: 675 square feet Bedrooms: One bedroom
This one-bedroom features a living room area with a loft-like layout and a bedroom with "sliding cast-glass doors inspired by the industrial heritage of the neighborhood," according to its listing on StreetEasy.
The living room facility at Residence 322 at 547 West 47th Street.The living room facility at Residence 322 at 547 West 47th Street.Donna DotanThe apartment's western exposure also allows for plenty of light to enter the space, which features appliances from Miele and Bosch as well as fixtures from Rohl, as described in the studio above.
All homes at 547 West 47th Street come with a washer and dryer, central air conditioning, private storage, and motorized roller shades at the windows.
Do you have a property or travel-related video or story to share? Let us know via life@newsweek.com and your story could be featured on Newsweek.Update 8/2/24, 1:29 p.m. ET: This article was updated with additional information from a representative for 547 West 47th Street.
Images of the bathroom and kitchen spaces at Residence 322. Images of the bathroom and kitchen spaces at Residence 322. Donna Dotan
