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500 West 55th Street is a 44-unit, five-story cooperative apartment complex in Hell's Kitchen, near popular attractions and amenities. The building offers various features including a superintendent, courtyard garden, storage options, and pet-friendly policies with financing options available.
Site Five Cooperative, located at 500 West 55th Street, is a collection of five HDFC cooperative apartment buildings in the historic Hell's Kitchen neighborhood. This intimate community comprises 44 units spread across five stories, offering residents a tranquil living environment while being just a stone's throw from Central Park, the Theater District, and Columbus Circle. The building is well-managed, featuring a resident superintendent, a courtyard garden, and private storage options. Pets are welcome, and financing of up to 80 percent of the purchase price is permitted.
Many apartments within Site Five boast charming pre-war characteristics, including hardwood floors and spacious layouts. Common features include north-facing living rooms and south-facing bedrooms that provide ample natural light. The eat-in kitchens are designed for both culinary endeavors and casual dining, while some units offer the potential for renovation, allowing owners to customize their homes to their liking. The building also includes a shared barbecue area, enhancing the community feel.
Residents benefit from low maintenance fees, attributed to the income-generating commercial properties owned by the cooperative. The cooperative's financial stability is a significant draw for potential buyers, alongside the building's proximity to essential amenities such as grocery stores, restaurants, and public transportation. Income restrictions apply, making this co-op an attractive option for those looking for affordable housing in a vibrant Manhattan location.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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