The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$305,000
517 W 48th St Apt 3FE
New York, NY, 10036
View more New York, NY property pages1Beds
1Baths
340Sqft
$897$/sqft
Listing Notes
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 cafes 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.
Market Insights
Above nearby median+9.5%
$897/sqft vs a nearby median of $819/sqft.
Nearby median$819/sqft
Nearby properties8
Property size340 sqft
- +9.5% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 340 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$281k$249k – $313k · 25% confidence
vs ask $305k+$24k (+7.9%)
Asking price is about 7.9% above where comps + adjustments land — there is room to negotiate.
$819/sqft median across 3 tight comps × 340 sqft= $278k
- Pre-war character+$7k +2.5%
- Open Class C HPD violations−$4k −1.5%
- Transit access+$1k +0.5%
- Visible condition issues−$1k −0.5%
Cumulative NYC adjustments+$3k+1.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
The available price history has not shown a cut yet, so leverage may need to come from comps, condition, or days on market.
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Listing Details
- Days on market
- 6 days
- Last price change
- No change recorded
- Listed
- May 6, 2026
- Photos
- 2 photos
- Property type
- coop
- Status
- for sale
Features & Amenities
Hardwood FloorsViewSingle StoryShopping
Building Facts
- Year built
- 1901
- Stories
- 5
- Total units
- 18
- Residential units
- 18
- Building area
- 9,730 sqft
- Lot size
- 2,510 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C6
From NYC public records where available.
Price History
May 7, 2026diff
$305,000for sale
May 7, 2026Initial record
$305,000for sale
Public Records
DOB violations0 open
3 total recorded against the building
HPD violations2 open
1 class C (immediately hazardous)
ACRIS documents19
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)22,287
Top: homeless person assistance
Top complaint types in ZIP 10036
- Homeless Person Assistance2,405
- Illegal Parking2,060
- Encampment1,795
- Air Quality1,253
- Noise - Residential962
Recent DOB
- Feb 7, 2000V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- May 4, 1998V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Mar 18, 1993V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- Nov 17, 2025Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Apr 1, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 15, 2023Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Feb 16, 2022Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.