5 Manhattan HDFC co-ops for sale under $500,000

By Austin Havens-Bowen | June 29, 2022 - 9:30AM

If you’re a low- or middle-income New Yorker, you might assume buying an apartment in this exorbitantly expensive city is out of the question. But you should know there are apartments set aside for buyers like you: Housing Development Fund Corporation co-ops.

HDFCs are co-ops priced below market rate with income limits typically capped at 120 to 165 percent of the area median income. The current AMI is $120,100 for a three-person family in New York City, according to the Department of Housing Preservation and Development. This means you won’t compete with higher-earning buyers who can offer to put more money down or pay above the asking price.

How do you find one of these apartments? Search for “HDFC” on listings sites like StreetEasy. Right now there are about 205 HDFC co-ops on the site, primarily in Upper Manhattan, but there are some available in other parts of Manhattan and Brooklyn. For more help finding one of these coveted apartments, check out “Buy a co-op at a discount: All about HDFCs and how to get one.”

To help with your apartment search, here are five HDFC co-ops for sale under $500,000 in Central Harlem, Hamilton Heights, Hell’s Kitchen, East Harlem, and Hudson Heights.

128 West 138th St., #4B, Central Harlem

This one bedroom, one bath is listed for $365,000. Apartment #4B has exposed brick, hardwood floors, moldings, recessed lighting, stainless steel appliances, high ceilings, and three closets. The building has a live-in super, laundry room, and two courtyards. The income limits are $112,080 for one person and $138,840 for two. Monthly maintenance is $497.

505 West 143rd St., #42, Hamilton Heights

This two bedroom, one bath is listed for $420,000. It has high ceilings, oversized windows, moldings, hardwood and tile floors, stainless steel appliances, ceiling fans, and three closets. Amenities include a live-in super and laundry room. Income limits are $112,080 for one person and $128,160 for two. Monthly maintenance is $603.

353 West 47th St., #4FE, Hell’s Kitchen

This one bedroom, one bath is listed for $475,000. The co-op has hardwood floors, white appliances, ceiling fans, two closets, new windows, and a Murphy bed with built-ins. The building has a laundry room. The income limit is $71,613 for one or two people. Monthly maintenance is $438 and there’s a 2.5 percent flip tax.

342 East 100th St., #2C, East Harlem

This two bedroom, one bath is listed for $495,000. Apartment #2C has oversized windows, high ceilings, hardwood floors, moldings, stainless steel appliances, granite countertops, and four closets. The building has a laundry room. Income limits are $100,320 for one person and $114,600 for two people. Monthly maintenance is $711.

550 Fort Washington Ave., #5D, Hudson Heights

This two bedroom, one bath is listed for $499,000. It has high ceilings, hardwood floors, moldings, ceiling fans, stainless steel appliances, a foyer, and four closets. The building has bike storage, a laundry room, and live-in super. Income limits are $137,940 for one person and $157,575 for two. Monthly maintenance is $972.

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Austin Havens-Bowen

Writer

Austin Havens-Bowen is a writer and reporter. He previously covered local news for the Queens Ledger and The Hunts Point Express in the Bronx. He graduated from Hunter College with a BA in media studies. He rents a one-bedroom apartment in Astoria with his boyfriend and their two cats.

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