$305,000
Updated 25 days ago
Off Market

517 West 48th Street, 3-FE

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

2 Rooms1 Bed1 Bath340 Square FeetCo-op

$305,000
Maintenance$350
Price Per SF
$897

Building Amenities

  • Voice Intercom
  • Bike Storage

Property Description for 517 West 48th Street, 3-FE

BY APPOINTMENT ONLY. Located in the heart of Hell’s Kitchen, this HDFC cooperative offers a rare opportunity to create your own Manhattan home at an attractive price point in one of New York City’s most vibrant neighborhoods. Apartment 3FE is ideal for buyers with vision looking to customize and modernize a space to their personal taste. Bring your architect or contractor and unlock the potential of this diamond in the rough. With a functional layout and a well-sized closet uncommon for many Manhattan apartments, this home presents an excellent opportunity for the right purchaser to create something truly special. Enjoy affordable Manhattan ownership surrounded by some of the city’s best dining, nightlife, entertainment, and cultural destinations. Located moments from the Theater District, Hudson River Park, Midtown, Hudson Yards, and multiple transportation options, Hell’s Kitchen offers the perfect balance of neighborhood charm and city convenience. Spend your weekends exploring local cafés and restaurants, catching Broadway shows, enjoying waterfront walks along the Hudson, or taking advantage of nearby fitness studios, shopping, and vibrant nightlife. This is an HDFC cooperative with income restrictions and board approval requirements. Purchasers must meet applicable HDFC income and eligibility guidelines.

Listing History for 517 West 48th Street, 3-FE

Now
07/28/2026
Expired by Veronica C. Matthew
NextHome Residential
05/07/2026
$305,000
Initial Price by Veronica C. Matthew
NextHome Residential

Building Details for 517 West 48th Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Financing Allowed90%
Floors/Apts5/18
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.39 miles
42 St-Port Authority Bus Terminal
0.49 miles

Citi Bike

W 47 St & 10 Ave
0.08 miles
W 50 St & 10 Ave
0.09 miles

Contact Agent

Contact Agent

Licensed As
Veronica C. Matthew
Salesperson
License#:
10401324764
Company:
NextHome Residential
Veronica Matthew
NextHome Residential

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: 2178376