514 West 50th Street #5RW, New York City, NY 10019
Listing Courtesy of Compass
$350,000
Potential Rebate: $5,250
Overview
HDFC Co-op Opportunity in the Heart of Hell’s Kitchen
This HDFC cooperative adheres to income limits set at 120% of the 2024 Area Median Income (AMI), verified using 2023 and 2024 tax returns and 2025 employment documentation (paystubs or employment letter). The current income caps are:
1 Person: $118,860
2 People: $135,600
3 People: $152,520
4 People: $169,440
Note: There are no asset limits and no future income restrictions after purchase.
THE APARTMENT
Situated on the fifth floor of a well-maintained walk-up, this bright and functional home in Midtown West (Hell’s Kitchen) offers distinct living, dining, cooking, and sleeping areas. Enjoy unobstructed western light streaming into the kitchen and sunny southern exposure in both the living room and bedroom. A rare blend of character, natural light, and smart layout make this apartment an inviting and flexible space to call home.
THE BUILDING
This well-run HDFC co-op comprises just 18 apartments, fostering a tight-knit community. The building is financially sound, professionally managed by an outside management company, and overseen by an engaged co-op board.
Primary residence use is required. Gifting (such as down payments) is permitted with board approval, and parents purchasing for children (all-cash) may also be considered, subject to board review.
Home Features
- •See Remarks
Estimated Monthly Payment
$2,070 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$5,250
Monthly savings impact
$15/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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457 West 57TH Street #201, New York City, NY 10019
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20030486
Price Analysis
Compare average listing prices and value metrics for 514 West 50th Street against the surrounding Hell's Kitchen market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
76.00% Lower
than the Hell's Kitchen price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Hell's Kitchen
Restaurant Row & Nightlife
\nHell's Kitchen (Clinton) is vibrant, diverse, and food-focused. It stretches west of the Theater District.
\nReal Estate & Housing Market
\nWalk-up tenements mix with massive new luxury rental towers (like Sky and Silver Towers).
\nLifestyle & Community
\nThe dining scene along 9th Ave is legendary. Very popular with the LGBTQ+ community and Broadway actors.
\nTransportation & Accessibility
\nA/C/E at 8th Ave. Port Authority offers buses everywhere.
\nParks, Schools & Amenities
\nHudson River Park is the backyard. Intrepid Museum nearby.
\nWho This Neighborhood Is Best For
\nBest for foodies, theater lovers, and young professionals.
