New HDFC Listings: 20 Newly-listed affordable co-ops throughout NYC from $350K

By CityRealty Staff | From Get To Know Thursday, December 21, 2023

HDFC unit at 100 West 141st Street #16

Before the pandemic, New York City set the record for the country's most expensive home sale, and a $14 million penthouse was considered a steal. More recently, it has become clear that New York’s housing construction has utterly failed to keep pace with the city’s population growth. This has led to rising prices and fears that there is no place for low- and middle-income buyers in New York.

These buyers should not skulk to the suburbs in despair, but look to Housing Development Fund Corporation (HDFC) units. These apartments also offer jaw-dropping prices, but from the other extreme. The program dates back to the late 1970s, when the city created a program that allowed low-income residents to buy their units for as little as $250. More recently, community development non-profit LISE NYC closed on three West Harlem buildings that it plans to renovate, convert to HDFC co-ops, and sell to existing tenants for $2,500. (Vacant units will be available through the city's affordable lottery system.)

It should be noted that to keep HDFC listings affordable, strict income caps are in place that buyers should be prepared to abide by. Moreover, in spite of the low sticker prices, buyers should be prepared to make a hefty down payment. As a result, a Bloomberg article observes that a number of HDFC units are being sold to young people whose incomes fall within the parameters but who have wealthy parents to help with the down payments, which couldn't be farther from what the program intended.

What is an HDFC Co-op?

HDFC units were created several decades ago as a way for tenants in poorly managed buildings to take control of the property and form cooperatives. The city sold these apartments to residents for a mere $250 a piece. Obviously they no longer trade for that price, but they do often sell for far less than what a comparable market rate unit in the same neighborhood would.

Learn More About HDFC Co-ops Here→

Ideal home for those seeking light and tranquility

3692 Broadway, #53
$325,000

Hamilton Heights | Cooperative | 1 Bedroom, 1 Bath | 450 ft²

3692 Broadway, #53 (Douglas Elliman Real Estate)

From the Listing: This airy and ultra-bright corner apartment is an ideal home for anyone seeking light and tranquility. Currently configured as a loft, this conv. 2 bed is perched on the 5th floor and benefits from both southern and eastern exposures. See floor plan and full details here.

Sunny, flexible Hamilton Heights apartment

501 West 156th Street, #65
$349,000

Washington Heights | Cooperative | 1 Bedroom, 1 Bath

501 West 156th Street, #65 (Bizzarro Agency LLC)

From the Listing: A spectacular renovated apartment with an open-concept kitchen and living room. The kitchen includes a high-end stainless steel suite of appliances including a washer/dryer. This apartment also features a renovated bathroom with custom tiles and fixtures, high ceilings, and restored hardwood floors throughout. This corner apartment is sun drench with unobstructed exposures and brilliant light. Sweeping southern exposures have beautiful views of downtown Manhattan. See floor plan and full details here.

11 Saint Nicholas Avenue, #4D
$225,000

Harlem | Cooperative | Studio, 1 Bath

11 Saint Nicholas Avenue, #4D (Compass)

From the Listing: Rarely available studio apartment with big dramatic windows with clear eastern views and amazing natural light. The apartment has very high ceilings, a large open kitchen and spacious layout that can fit a bed, small couch, dining area and a desk. The apartment is in a walk up building on the 4th floor – 3 flights up. See floor plan and full details here.

Victory Renaissance, #62
$400,000

Harlem | Cooperative | 2 Bedrooms, 1 Bath

Victory Renaissance, #62 (Douglas Elliman Real Estate)

From the Listing: Bright two-bedroom apartment with an expansive kitchen opening to the living room. French doors lead from the living room into the primary bedroom, with a reasonable sized second bedroom through a short corridor both facing the front of the building. Good closet space for both. See floor plan and full details here.

318 West 36th Street, #3A
$299,000

Midtown West | Cooperative | 1 Bedroom, 1 Bath

318 West 36th Street, #3A (Douglas Elliman Real Estate)

From the Listing: Nestled between beloved neighborhoods of Midtown West, the Theater District, Garment District and Chelsea, this budget-friendly home awaits your personal touch. Just two flights up, apartment 3A features high ceilings and is a true one-bedroom apartment. The bedroom is situated at the back end of the apartment, offering good separation and a quiet space for slumber. See floor plan and full details here.

45 Central Park North, #5F
$762,000 (+5.1%)

Harlem | Cooperative | 3 Bedrooms, 1 Bath | 1,293 ft²

45 Central Park North, #5F (EXP Realty NYC)

From the Listing: Sprawling three-bedroom with sun-drenched side-by-side living room and dining room with southern exposure and stunning direct Central Park views. Off the dining room is a large windowed kitchen with northern exposure, natural cabinetry and new appliances. The apartment features hardwood floors throughout, high ceilings, and three large bedrooms. See floor plan and full details here.

133 West 140th Street, #65
$375,000

Harlem | Cooperative | 2 Bedrooms, 1 Bath

133 West 140th Street, #65 (Brown Harris Stevens Residential Sales LLC)

From the Listing: This home has never been lived in. You can be the first to make this your home. This renovated two-bedroom has gorgeous hardwood floors, high ceilings, tiled bathroom, and tons of closet space. Spacious kitchen with wood cabinetry and lots of storage space. See floor plan and full details here.

160 East 2nd Street, #3B
$465,000

East Village | Cooperative | 1 Bedroom, 1 Bath

160 East 2nd Street, #3B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Generous 1-bedroom home in prime East Village! This welcoming, quiet home boasts an unbelievably low maintenance, lovely treetop views, beautiful strip hardwood floors, no wasted space, an updated bathroom, and a fully renovated kitchen with all stainless steel appliances! See floor plan and full details here.

237 Eldridge Street, #34
$465,000

Lower East Side | Cooperative | Studio, 1 Bath

237 Eldridge Street, #34 (Douglas Elliman Real Estate)

From the Listing: Located at the nexus of the LES, Nolita, and East Village, this top floor, newly renovated loft encapsulates quintessential pre-war charm. The outstanding character is enhanced by 11-foot beamed ceilings, exposed brick walls, wide plank walnut flooring and a washer dryer! See floor plan and full details here.

609 Columbus Avenue, #14N
$740,000

Central Park West | Cooperative | 2 Bedrooms, 1 Bath

609 Columbus Avenue, #14N (Corcoran Group)

From the Listing: DUPLEX 2 bedroom 1.5 bathroom with excellent sunlight on 90th & Columbus. The windowed kitchen has been opened up to the living room. Half bath and closet off entry. 2 bedrooms and full bath on top floor. See floor plan and full details here.

'Not for the faint of heart'

274 South 2nd Street, #30
$350,000

Williamsburg | Cooperative | 2 Bedrooms, 1 Bath | 825 ft²

274 South 2nd Street, #30 (Corcoran Group)

From the Listing: Welcome to 274 South 2nd Street in Williamsburg, Brooklyn. You aren't going to want to miss this one! This two-bedroom apartment is a 6th-floor walk-up, so not for the faint of heart, literally! The apartment boasts hardwood floors throughout and plenty of natural sunlight. You'll find an eat-in kitchen and plenty of nooks for you to read, eat, drink, and be merry. Pets are accepted here with board approval See floor plan and full details here.

Pre-war area near NY Presbyterian

664 West 161st Street, #5E
$369,000

Washington Heights | Cooperative | 2 Bedrooms, 1 Bath

664 West 161st Street, #5E (Brown Harris Stevens Residential Sales LLC)

From the Listing: Renovated and spacious split Two Bedroom. The apartment features a renovated kitchen space, a living room with large windows welcoming natural light away from front building entrance traffic, and two well-sized bedrooms. This is a rare opportunity to buy an exquisite apartment in a prewar coop building between prestigious Fort Washington Avenue and Riverside Drive in the historic Washington Heights neighborhood. See floor plan and full details here.

834 Riverside Drive, #2B
$400,000

Washington Heights | Cooperative | 2 Bedrooms, 1 Bath

834 Riverside Drive, #2B (Compass)

From the Listing: Don't miss this rare opportunity to acquire an affordable two-bedroom, one-bathroom pre-war HDFC co-op apartment on coveted Riverside Drive in Washington Heights. See floor plan and full details here.

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Roosevelt Island Refuge

Westview, #817
$420,575

Roosevelt Island | Cooperative | 1 Bedroom, 1 Bath

Westview, #817 (Compass)

From the Listing: Make a wise purchase by acquiring this 'insiders'' well-priced one-bedroom, one-bathroom home in the full-service Westview co-op featuring an exciting roster of updated amenities. Inside this move-in ready home, you'll find an expansive floor plan ready to accommodate peaceful relaxation, lively entertaining, and working from home with ease. The gracious foyer introduces tall ceilings, parquet wood floors, and wide windows. Enjoy a spacious living/dining room with lovely open-sky views. See floor plan and full details here.

Barbie's HDFC

323 West 43rd Street, #2FE
$425,000

Midtown West | Cooperative | 1 Bedroom, 1 Bath

323 West 43rd Street, #2FE (Corcoran Group)

From the Listing: 323 W 43rd St is your new home! Located in one of the most well-maintained HDFC buildings with one of the highest income caps available in NYC, this charming one-bedroom apartment with a flexible layout is located on the second floor of a handsome brick building.This apartment features hardwood floors, a large living room with southern exposure, a quiet bedroom with two interior windows and an eat-in kitchen. See floor plan and full details here.

Convenient Harlem Living

The Renaissance, #623
$437,000

Harlem | Cooperative | 2 Bedrooms, 1 Bath | 850 ft²

The Renaissance, #623 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Exceptionally bright, South facing, large "winged" 2 bedroom home with separate dining nook in happening South Harlem. Located in The Renaissance, a highly sought after full-service co-op, this unit offers an intelligently designed floor plan with 2 spacious bedrooms, a separate kitchen with a pass through that can be opened to the living room, full size appliances including a dishwasher, abundant cabinet and counter space, 3 large closets, and a generous tiled bathroom with a tub/shower combination, triple-door medicine cabinet, and additional vanity storage under the sink. See floor plan and full details here.

Modest, but marvelous renovation

175 Claremont Avenue, #6
$450,000

Morningside Heights | Cooperative | 1 Bedroom, 1 Bath

175 Claremont Avenue, #6 (Corcoran Group)

From the Listing: Move right in. Stunning architectural renovation - every detail has been thought through. Sun-flooded open views plus east and south exposures, and incredibly low maintenance charges make this home even more desirable. See floor plan and full details here.

Where Only in New York memories are made

237 Eldridge Street, #34
$465,000

Lower East Side | Cooperative | Studio, 1 Bath

237 Eldridge Street, #34 (Douglas Elliman Real Estate)

From the Listing: Located at the nexus of the LES, Nolita, and East Village, this top floor, newly renovated loft encapsulates quintessential pre-war charm. The outstanding character is enhanced by 11ft beamed ceilings, exposed brick walls, wide plank walnut flooring and a washer dryer! See floor plan and full details here.

East Village with verdant views

160 East 2nd Street, #3B
$465,000

East Village | Cooperative | 1 Bedroom, 1 Bath

160 East 2nd Street, #3B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Generous 1-bedroom home in prime East Village! This welcoming, quiet home boasts unbelievably low maintenance, lovely treetop views, beautiful strip hardwood floors, no wasted space, an updated bathroom, and a fully renovated kitchen with all stainless steel appliances! See floor plan and full details here.

The Lenox Court, #16
$420,000 (+2.4%)

Harlem | Cooperative | 3 Bedrooms, 1 Bath | 1,082 ft²

The Lenox Court, #16 (Corcoran Group)

From the Listing: Great Pre War Elevator building with charm and a beautiful lobby. The apartment has a Washer Dryer in the unit, 12-foot ceilings, and a spacious layout. A spa bathtub has been installed in the bathroom. Key FOB system for extra security, Live-in Super and PT Porter, multiple commercial properties adding to the reserve fund, and a brand new basement with plans for community and bike storage. See floor plan and full details here.

Williamsburg Walk-Up

407 Keap Street, #22
$450,000 (+13.9%)

Williamsburg | Cooperative | 1 Bedroom, 1 Bath

407 Keap Street, #22 (Douglas Elliman Real Estate)

From the Listing: A true find, an affordable unit with low maintenance that can be lived in as is or renovated and customized to design your dream home and add considerable value. This corner unit with South and East exposure is set up with a winged layout allowing for flexibility of use as either a large one-bedroom or two-bedroom unit. The unit has a windowed bath, an open windowed kitchen with washer/dryer, corner living room, and lots of storage space. See floor plan and full details here.

Quiet and Affordable on Central Park North

45 Central Park North, #6A
$569,000

Harlem | Cooperative | 2 Bedrooms, 1 Bath

45 Central Park North, #6A (EXP Realty NYC)

From the Listing: Beautifully renovated 2-bedroom home on Central Park North.Bright northern open exposures from top floor. French doors, renovated windowed kitchen with stainless appliances including dishwasher, granite counters, cherry cabinets and white modern renovated bath. The apartment features include hardwood floors, high ceiling, ceiling fans, and great closet space. See floor plan and full details here.

Sun-bursting Sanctuary near Morningside and Central Parks

242 West 112th Street, #4A
$699,000 (-2.2%)

Harlem | Cooperative | 2 Bedrooms, 1 Bath | 930 ft²

242 West 112th Street, #4A (Hauseit LLC)

From the Listing: Get ready to call this lovingly renovated sun-bursting sanctuary HOME with the lowest maintenance fee in town -$441. Situated just a stones throw from Central Park you'll have the most amazing backyard you never have to mow. Enjoy light pouring in all day with a large open floorplan. See floor plan and full details here.

Upper West Side Duplex

609 Columbus Avenue, #14C
$740,000

Central Park West | Cooperative | 2 Bedrooms, 1.5 Baths | 800 ft²

609 Columbus Avenue, #14C (Corcoran Group)

From the Listing: Duplex 2 bedroom 1.5 bathroom with excellent sunlight on 90th & Columbus. The windowed Kitchen can be opened up to the living room. Half bath and closet off entry. 2 bedrooms and full bath on top floor, with additional closet space. See floor plan and full details here.

Upper West Side Must-See

50 West 106th Street, #16C
$760,000

Broadway Corridor | Cooperative | 2 Bedrooms, 1 Bath

50 West 106th Street, #16C (Sothebys International Realty)

From the Listing: Introducing Apartment 16C, an exceptional residence nestled within a well-established HDFC cooperative at 50 West 106th Street. If you prioritize abundant natural light, breathtaking vistas, and low maintenance, Apartment 16C is an absolute must-see. This splendid two-bedroom corner unit, graces you with captivating views from every window, boasting northern and eastern exposures. The apartment showcases a charming kitchen with ample natural light and retains its timeless prewar charm, including beautiful hardwood floors and classic beamed ceilings. See floor plan and full details here.

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In this article:

What is an HDFC Co-op?

Learn More About HDFC Co-ops Here→

Ideal home for those seeking light and tranquility

Sunny, flexible Hamilton Heights apartment

'Not for the faint of heart'

Pre-war area near NY Presbyterian

Select which properties are of interest to you:

Roosevelt Island Refuge

Barbie's HDFC

Convenient Harlem Living

Modest, but marvelous renovation

Where Only in New York memories are made

East Village with verdant views

Williamsburg Walk-Up

Quiet and Affordable on Central Park North

Sun-bursting Sanctuary near Morningside and Central Parks

Upper West Side Duplex

Upper West Side Must-See

Select which properties are of interest to you:

Listings in this article

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