Admittedly, there's nothing cool or sexy about Rego Park (Jackson Heights, maybe, even Long Island City). Then again, where else can one find a pristine, sizable studio for $110,000? And one with an alcove so it can be easily converted into a one-bedroom? (You'd need as much as that for a down payment in Manhattan.) This co-op at 57-10 Junction Boulevard has a less-than-ideal kitchen — it needs a makeover — but it's a corner unit, which means it gets lots of light and wide open views. Plus, the floor's been refinished and the walls repainted. The asking price was already palatable when it was put on the market in July at $125,000, but it has stalled there since, so it was reduced another $15,000. Outer-borough phobics will be glad to know Manhattan's not too far away: It's just fifteen minutes to midtown on the V or R trains, and it takes less than ten minutes to walk to the station.
—S. Jhoanna Robledo