(Photo: Courtesy of the Brokers)

When you just can’t take the dregs of winter for one more second, the flipped seasons of the southern hemisphere suddenly seem appealing. And New Yorkers have a special affinity for the similarly cosmopolitan lifestyle of Buenos Aires, where real estate is cheap and the weather is currently 70 degrees and sunny. This perfectly pleasant Tudor City studio can get you a pretty groovy three-bedroom condo on the Avenida del Libertador, said to be the “Fifth Avenue of Buenos Aires,” and leave you nearly $25,000 to play with. For a comparable apartment here, you’d have to pay eight times as much. A few years ago, we’d have suggested that the Argentine economy made this a risky move, but these days— heck, they’re barely worse off than we are.

45 TUDOR CITY PLACE, APARTMENT 720
The Facts: A 300-square-foot co-op studio.
Asking Price: $299,900.
Maintenance: $768 per month.
Agent: Laurie Dietz, the Corcoran Group

2698 AVENIDA DEL LIBERTADOR, APARTMENT 10C, BUENOS AIRES, ARGENTINA
The Facts: A 950-square-foot, three-bedroom, two-bath with a garage.
Asking Price: $275,000
Agent: Darren Sukenik and Carl Ekroth, Prudential Douglas Elliman

Related:

• Archive: “Real Estate”
• Articles by S.Jhoanna Robledo
• Table of Contents: Apr 27, 2009 issue of New York | Subscribe!