How Do You Actually Find Below Market Condos in NYC?

[Kevin Dzikowski]

I’m 22, just out of college, working in Manhattan with total comp just under $100k. My lease ends July 1, 2026. I’m looking to buy a 2-bed condo in Kips Bay or the East Village, live in one room, and rent out the other to my current roommate.

For those who’ve bought in NYC what’s the best way to go about finding a place at a good value?

Are you pulling public records for long-term owners, working with agents who have off-market listings, talking to supers/doormen, or something else?

Trying to figure out where to focus my time here and how to go about this

Thanks

[Rick Albert]

In any market, go to the MLS or MLS syndicated sites (Zillow, Realtor.com, etc.) and sort based on days on market. Then look at the OLDEST listings first. Those are low hanging fruit to negotiate the best deals. The Sellers are motivated to sell and they should know by now they aren't getting their price.

I have one under contract for almost $100,000 below asking and roughly $400,000 below the median price point for the area.