This Hell's Kitchen one bedroom has it all—and yes, there's a catch
This one-bedroom, one-bath co-op in Hell's Kitchen is not only competitively priced, it offers some pretty serious amenities and perks. For sale by owner and listed at $595,000, 646 Ninth Avenue, #5FS measures 550 square feet, is renovated, and is in a building that also has had recent upgrades and includes common outdoor space.
Why so "cheap"? It's a Housing Development Fund Corporation, or HDFC co-op, which means that the apartment must be used as the primary residence of the owners, and the maximum income is 165 percent of the area median income: $120,615 for an individual occupant, or $137,775 for two.
As you review the following photos, keep this in mind, too: All the furniture and decor throughout the apartment is for sale. (That's a pretty sweet wall of typewriters in the bedroom.)
The apartment has prewar features including 10-foot ceilings, hardwood floors, and crown moldings, and updated elements like recessed lighting and modern fixtures.
The new kitchen is outfitted with stainless steel appliances, butcher block countertops, and marble floors.
The windowed bathroom is recently updated, and has a bath with sliding glass doors.
The bedroom has a western exposure and features insulated windows and custom built-ins.
Recent upgrades to the building include a shared roof deck with a stainless steel wet bar and pet-friendly turf (the building allows pets), as well as a new lobby, stairwell, and common area. There is also a common back yard, and a virtual doorman with video intercom and cell phone access, and storage for each unit (including bike storage).
The co-op is just 14 apartments, and is five stories high. Pieds-à-terre are not permitted, but gifting is. Maintenance is $382 a month.
The apartment is close to all, with theaters, restaurants and bars, and numerous subway lines nearby. (The nearest is the Port Authority/42nd Street station on Eighth Avenue, which has the A, C, E, and 7 lines, with access to the 1, 2, 3, and crosstown shuttle to Grand Central Terminal.)
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