$350,000
Updated 7 months ago
Off Market

514 West 50th Street, 5-RW

Hell's Kitchen, Manhattan | Tenth Ave & Eleventh Ave

Studio 1 BathCo-op

$350,000
Maintenance$341

Listing Features

  • Exposed Brick
  • New Appliances
  • Separate Kitchen
  • Windowed Kitchen

Outdoor space and views

  • South Exposure
  • West Exposure

Building Amenities

  • Voice Intercom

Policies

  • No Pets

Property Description for 514 West 50th Street, 5-RW

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.

Building Details for 514 West 50th Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts5/18
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.36 miles
50 St
0.49 miles

Citi Bike

W 50 St & 10 Ave
0.02 miles
W 47 St & 10 Ave
0.15 miles

Contact Agent

Contact Agent

Licensed As
Michael Maffucci
Salesperson
License#:
10401319312
Company:
Compass

Hell's Kitchen | Manhattan

Quick Profile

There is some mystery surrounding Hell’s Kitchen and how it got its name. There’s the tale about two policemen discussing how horrendous the neighborhood was back in 1880’s. The rookie cop turned to the veteran cop and said, “this place is hell.” The veteran cop replied, “No, this is hell’s kitchen.” Some say it's named after a notorious 19th century motorcycle gang. Even the historians will tell you the neighborhood's name has dubious origins. 

Regardless of how it got its name, Hell’s Kitchen is here to stay.

Hell’s Kitchen is an iconic neighborhood on the west side of Manhattan. Its boundaries are 34th and 59th streets and 8th Avenue to the Hudson River. The neighborhood has a dense urban feel with plenty of bars, bodegas, restaurants and coffee shops. It’s inhabited by an eclectic mix of young professionals, long term residents from the old days, LGBQT community and members of the performing arts community - due to the highest number of off Broadway theatres in all of New York CIty. 

From the early 1800’s to the 1980’s, Hell’s Kitchen held the title for one of the toughest neighborhoods in the city. In its early history it was populated by poor working class Irish and street gangs. Riots, violence, and crime were not uncommon. During prohibition times it was said that Hell’s Kitchen had more speakeasies than children. 

Several attempts of neighborhood rebranding have taken place over the years. Clinton, Midtown West, and even the short-lived Hell’s Canyon are a few of the replacement names that have been used. Hell’s Kitchen has a lot of grit and no shortage of fortitude. A trendy name change seems doubtful. 

Hell’s Kitchen benefited greatly from the Times Square clean up in the 1990’s. When crime rates lowered and adult theatres and prostitution disappeared, Times Square became less sleazier. Soon after, Hell’s Kitchen changed. The days of Gangsters, Irish immigrants, and rough and tumble housing tenements are part of its storied history. They’ve been replaced with bars, bodegas, restaurants, off broadway theatres, and luxury buildings. The recent completion of Hudson Yards and the Highline extension has brought new life into Hell’s Kitchen 

Low-rises, brownstones, row houses and 5 to 6 floor walk ups with studio and one bedroom apartments are common in Hell’s Kitchen. The local zoning laws from previous years kept the building heights on the lower side. Over the past decade, developers have been granted exceptions to building height zoning laws and created more modern highrise developments.

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.
OLR ID: 117460