High-end backsplashes...glass mosaic, subway tiles, etc.Hand scraped hardwoods for traditional feel, real wood not engineered and definitely not laminate.  

Anyway, be sure and check out the planned subway line closings in the next few years before buying.

@Brandy Smith, backsplash is a really good, low cost way to add bling to a kitchen (although I'm not sure I would go with "fake brick", try subway tile or mosaic instead).

If you are trying to live cheap and want to live in the actual city where you can walk to downtown and experience the city then I suggest places that are just outside Center City but still manageable either walking, biking, or a quick subway ride. 

It is right on the other side of the east river from Manhattan making it only one subway stop away from Grand Central.

Buyer's remorse and texted @Mark Turney to see if it was a good deal, he said he found some white subway tile at the shop across the street for .99/sq ft!

If you do have the money, you have a choice to buy this opportunity or not.Essentially, all Investments are a risk.HOWEVER, the more research you do, the more you can reduce that risk.If you do your research and you find out that the adjecent neighborhoods have Gentrified and that they are NOW spilling into the Flatbush area AND you have noticed that the City has invested in public transportation (they opened up a new subway station in the Flatbush area), you can make a fairly intelligent guess that the high price will only get higher, recognizing it as an opportunity.However, if your research does NOT indicate that this property will be at a higher price in the future, and you do not buy this property, you can't get lucky here and have to look elsewhere.Now, let's say you recognized the opportunity AND you were prepared and you BOUGHT this 3 family investment in Flatbush.10 years later, that $1 Million purchase you made in the year 2020 is now worth $2 Million in 2030.What do you think your friends and family would say when you tell them that you bought your 3 Family Flatbush property for $1 Million 10 years ago and you made $1 Million in unrealized profits today in 2030?

It's no subway line, but with the bus you're still downtown in 15-20 minutes. 

I have been in the Subway system for 25 years.

A tenant of ours put down "sandwich artist".... which is the actual job title that Subway gives to their sandwich making employees. :-)