Enter the Market in Harlem

Nothing like the words "price reduction" to get a bargain hunter's pulse quickening. This two-bedroom apartment at 137–9 W. 142nd St. was already tolerable at $265,000, but a discount weeks ago has brought it down to an even-more-palatable $250,000. The building's a walk-up, and this unit's on the fifth floor — a hardship if you've got kids and strollers to transport every day. But considering the co-op has no income restrictions (which some listings at this price range in the neighborhood do) and requires only 10 percent down, this property may just be the entry you've been waiting for into the city's untenable real-estate market. —S. Jhoanna Robledo