What You Can Get For $600k: A Detroit Stadium vs. Manhattan Studio

What does $583,000 buy you in today's real estate market? ShelterPop discovered you could afford either a stadium or a studio apartment.

According to The Detroit News, the city of Pontiac, Michigan will sell the Pontiac Silverdome, the former home to the Detroit Lions, to an unnamed Canadian company for $583,000. When we saw that number, it sounded like a downright reasonable sum for a whole sports complex, especially considering that the stadium cost $55.7 million to build in the mid-1970s (approximately $220 million in today's dollars!).

Here in New York City (where several of your ShelterPop editors reside), $583,000 doesn't go far, and it certainly wouldn't buy you an 80,300-seat stadium plus 127 adjacent acres. We wondered what it would buy, so we hit up the local real estate listings to find out.

It turns out, you won't be getting anything close to a stadium.With $583K to burn in the fine city of New York, you could get a spacious studio in the Financial District (below). Cute, but those furnishings aren't part of the package, and the placement of that window is a little awkward, don't you think?



Or, your money could by you a 719-square foot one bedroom on the Upper East Side (below). Don't let the wide angle lens fool you -- this space is tiny!


While, we love the studio's high-beamed ceilings and over-sized windows, and we'd be thrilled to have a one-bedroom near Central Park, your dollar definitely goes further in Pontiac, Michigan than it does here in New York City! What do you think? Was the $583,000 price tag on the Silverdome a deal or not? We're voting it was a steal.