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HDFC Rundown Rundown of the best recently-listed HDFC co-ops in NYC
HDFC (Housing Development Fund Corporation) co-ops are a beacon of hope for low- and middle-income buyers. They're definitely not easy to find, but they're out there and worth a look. Don't assume you don't qualify: Qualifying income ranges are broad and can be a lot higher than you might assume – be sure to check the listings for income caps or contact the broker if none are shown.

Check out this week's rundown of recent listings and our map below and for some fine examples. We'll update our map showing all the HDFC listings on a weekly basis.

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.

Because HDFC units are co-ops, tenants are subject to rules and regulations set forth by a building's bylaws and board. However, unlike high-profile co-ops such as the Dakota or Osborne, HDFC Co-ops are mostly concerned about keeping maintenance costs down over making costly upgrades. As a result, buyers over time will have more cash in hand to make renovations and updates inside their own apartments, which many do require.


Read More About HDFC Co-ops

2 beds, 1 bath

Living Room; Listing Photos via Corcoran
Dining
302 Convent Avenue Exterior
Renovated just six years ago, this HDFC one-bed, one-bath listing is move-in ready and features all new everything. The open concept residence features 9 oversized energy-efficient windows and panoramic southern views that bathe sunlight onto the wood floors throughout. Other great features of the home include original glass-paned French doors, high ceilings, a welcoming 32-feet of exposed brick in the gallery entrance, and a luxurious deep-soaking tub in the large bathroom. 302 Convent Avenue is a well-maintained co-op situated in Hamilton Heights near the A, B, C, D and 1 trains.

Income Restrictions:

$110,220 - Individual

$126,060 - Family of 2

$141,735 - Family of 3

3 beds, 1 bath

Living Room; All Listing Photos by Exit Realty
Bedroom
454 West 152nd Street Exterior
A three-bedroom co-op for just $335K in Hamilton Heights! This sun-drenched residence was updated for modern functionality but still maintains its pre-war details. There are high ceilings, solid wood floors, well-sized bedrooms, and a kitchen with a built-in dishwasher and washer/dryer units for convenience. With just a 15-20 minute commute to Midtown Manhattan and a $746 monthly maintenance fee, this listing just might have it all.

Income Restrictions:

$76,420 - Individual

$87,000 - Family of 2

$97,820 - Family of 3

2 beds, 1 bath

Living/Dining. All Listing Photos via Corcoran
Kitchen
Bath
This newly-listed two-bed, one-bath apartment is a classic pre-war walk-up. While you may not enjoy the four flights up, you'll love the bright interiors, high 9'4'' ceilings, new double pane windows, and oak floorings. The windowed kitchen comes equipped with stainless steel appliances with a double door fridge, gas range, and washer/dryer hookups in place. The monthly maintenance fee is just $750.

Income Restrictions:

$80,160 - Individual

$91,680 - Family of 2

$103,080 - Family of 3

1 bed, 1 bath

Living Room. All Listing Photos via Nest Seekers
Living Room
Kitchen
HDFC listings give you the chance to live in a great Manhattan neighborhood without the Manhattan price. This next listing comes from Hell's Kitchen and is a true one-bedroom apartment situated four flights up. It spans just about 450 square feet but boasts 10' high ceilings, hardwood floors, exposed brick, windows in every room and an updated kitchen with desirable stainless steel appliances. The building is also amazing! Residents can take advantage of the furnished roof deck, common back patio, video intercom, laundry room, and private storage. Monthly maintenance is super low at $302/month.

Income Restrictions:

$110,220 - Individual

$126,060 - Family of 2

$141,735 - Family of 3

2 beds, 1 bath

Living Room. All Listing Photos via Halstead
Dining Room
Bedroom
Heading on over to Brooklyn's Prospect Park South neighborhood, this bright and spacious second-floor apartment has plenty of pre-war charm, a spacious living and dining room, beautiful hardwood floors throughout and of course, high ceilings. The kitchen is complete with stainless steel appliances, a washer/dryer, and modern cabinetry. Buyers can also arrange this currently configured two-bedroom unit to have a third. The pet-friendly building offers bike storage and private storage.

Income Restrictions:

$76,125 - Individual

$87,000 - Family of 2

$97,875 - Family of 3
You can check the map below for more current NYC HDFC Co-op Listings:
Content Specialist Sandra Herrera Sandra Herrera is a writer and graphic designer based in Brooklyn, NY.
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