Mapping NYC's HDFCs: Latest Rundown Features a Midtown West Co-op for $425K

By Sandra Herrera | From Get To Know Friday, January 26, 2018

Our Featured Listings Start From $300K

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 monthly 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.

Read More About HDFC Co-ops→

280 Mott Street, #5R - $935,000

1 Bed, 1 Bath

Open living area & kitchen (Photos via Corcoran)

Kitchen

Bedroom

This true-two bedroom HDFC listing is located in prime Williamsburg – just a few blocks away from the Domino Sugar redevelopment, Williamsburg Cinemas, and Whole Foods. The apartment itself is quite nice, with modern recessed lighting and hardwood floors throughout. The sizeable open layout kitchen features granite countertops and stainless steel appliances and the bathroom has an over-sized walk-in shower. Maintenance is just $470/month. Transportation options include the Marcy Avenue J/M/Z train and the Bedford Avenue L train.

Income Restrictions:

$104,775 - Individual

$119,625 - Family of 2

$134,640 - Family of 3

35 Crown Street, #2G - $445,000

2 Beds, 1 Bath

Living Room (Photos via Level Group)

Kitchen

Bedroom

This next listing is situated in a Crown Heights pet-friendly co-op with a live-in super. It is a two-bedroom spread with a kitchen that was recently renovated. Perfectly pre-war, the apartment boasts a large master bedroom, an open living and dining area, a dishwasher, and a washer and dryer. The building is super close to Prospect Park (a block down), the Brooklyn Botanic Gardens, and the Brooklyn Museum. Oh, and the Franklin Avenue 2/3/4/5 trains are just four blocks up.

Income Restrictions:

$110,220 - Individual

$126,060 - Family of 2

$141,735 - Family of 3

The Commodore, 229 West 144th Street, #46 - $300,000

1 Bed, 1 Bath

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Living Room (Photos via Meier Real Estate)

Kitchen

Bedroom

For this next listing, we're moving on up to Harlem, a neighborhood ripe with lots of HDFC listings. 229 West 144th Street is nestled between Sugar Hill and Hamilton Heights and boasts plenty of shopping and transportation options, including the 3 and A/B/C/D trains. The one-bedroom apartment is fully updated with stainless steel appliances, a washing machine, and a modern bathroom. Monthly maintenance is $550.

Income Restrictions:

Contact the broker for more details.

111 South 3rd Street, #3C - $585,000

1 Bed, 1 Bath

Living Area (Photos via Corcoran)

Kitchen

Dining Area/Kitchen

Another Brooklyn HDFC! Christmas decor aside, this modern and recently renovated one-bedroom residence has a lot going for it. Features include recessed lighting throughout, a sound system, a washer/dryer, an Italian kitchen, and a custom bathroom with a waterfall shower. The building boasts a new common garden, a video intercom, a live-in super, and an ideal location by Williamsburg's waterfront.

Income Restrictions:

Contact the broker for more details.

353 West 47th Street, #2FE - $425,000

1 Bed, 1 Bath

Living Room (Photos via Douglas Elliman)

Kitchen/Dining

Bedroom

Now here's a deal you don't see too often.
Unit #2FE is a large one-bedroom apartment situated in the top luxury neighborhood of Midtown West. While the kitchen needs some work, it has a ton of appeal – did you see that fireplace? The building is also just steps from the A/C/E trains and Central Park. Monthly maintenance is an affordable $342.

Income Restrictions:

Contact the broker for more details.

You can check the map below for more current NYC HDFC Co-op Listings:

Would you like to tour any of these properties?

This is your member's center

What is an HDFC Co-op?

In this article:

280 Mott Street, #5R - $935,000

1 Bed, 1 Bath

35 Crown Street, #2G - $445,000

2 Beds, 1 Bath

The Commodore, 229 West 144th Street, #46 - $300,000

1 Bed, 1 Bath

Select which properties are of interest to you:

111 South 3rd Street, #3C - $585,000

1 Bed, 1 Bath

353 West 47th Street, #2FE - $425,000

1 Bed, 1 Bath

You can check the map below for more current NYC HDFC Co-op Listings:

This is your member's center

What is an HDFC Co-op?

In this article:

280 Mott Street, #5R - $935,000

1 Bed, 1 Bath

35 Crown Street, #2G - $445,000

2 Beds, 1 Bath

The Commodore, 229 West 144th Street, #46 - $300,000

1 Bed, 1 Bath

Select which properties are of interest to you:

111 South 3rd Street, #3C - $585,000

1 Bed, 1 Bath

353 West 47th Street, #2FE - $425,000

1 Bed, 1 Bath

You can check the map below for more current NYC HDFC Co-op Listings:

Select which properties are of interest to you:

Listings in this article

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