This is NYC’s cheapest apartment for sale — and it just got a $5K discount

For those on a budget who would still like to own a piece of the Big Apple, behold the city’s cheapest apartment currently on the market.

This East Harlem studio is a mere 200 square feet — and it can be yours for the jaw-dropping price of $110,000, down from its $115,000 asking price. That’s well below the median Manhattan sale price of $1.15 million tallied in the third quarter, according to the latest numbers from Douglas Elliman.

But you have to qualify due to income restrictions. That means the buyer’s gross annual earnings can’t exceed $59,940, and the purchase must be all cash.

The cozy co-op is in a historic four-story building at 424 E. 115th St. that dates to 1910.

There’s not much space — but enough for a bed, a bathroom and a little corner in which to have meals while seated.

There are many ways to maximize the space, listing representative Judany Sanchez, of Keller Williams Realty NYC Group, said.

The co-op lives in a historic four-story building on 115th Street that dates to 1910.  VHT Studios

We’ll let you cook inside the East Harlem home. VHT Studios

A fittingly cozy bathroom, check. VHT Studios

The current owner has outfitted the space with great space-saving solutions. VHT Studios

A queen-sized bed is usually 60 inches wide and 80 inches long, which is a mere 33 square feet. But a Murphy bed — one that can raise off the floor to be stored upright in a closet — could also work well to “creatively optimize” the space. “It’s a cozy spot with a full-size fridge, stove, two windows and a designated eating area,” Sanchez said, adding that the owner currently lives in the “well-organized, functional and inviting environment.”

The current owner bought the third-floor walk-up for $90,000 in 2021, and then renovated it — adding new wood floors and stainless-steel kitchen appliances. Listing images show creative approaches to making more space, such as several levels of kitchen cabinets, a small table with stools that slide underneath to make for more room to roam, and light-colored paint adorning the walls to help make the home seem larger.

“This is a unique opportunity in the city’s real estate market,” Sanchez said, adding that maintenance is around $750 a month and includes utilities.