New HDFC Listings: 20 Newly-listed affordable co-ops throughout NYC from $225K

By CityRealty Staff | From Get To Know Friday, June 7, 2024

HDFC unit at The Grinnell, #6E (Compass)

Recently, it has become clear that New York’s housing construction has 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→

Recent HDFC co-op listings

2440 Amsterdam Avenue, #3B
$225,000

Washington Heights | Cooperative | 1 Bedroom, 1 Bath

2440 Amsterdam Avenue, #3B (Douglas Elliman Real Estate)

From the Listing: Quiet and sunny 1BR/1BA coop apartment with southern and western exposures! Come and claim this lovely unit with efficient layout, high ceilings and hardwood floors. Great closet space.2440 Amsterdam Ave is a friendly, mid-sized, pet-friendly coop with a live-in super and very low carrying costs. See floor plan and full details here.

Holstein Court, #1D
$299,000 (-8%)

Harlem | Cooperative | 2 Bedrooms, 1 Bath

Holstein Court, #1D (Compass)

From the Listing: Facing south and west over tranquil patios and backyards, Apt 1D is a quiet, well-proportioned 2BR apartment. The unit awaits a fresh coat of paint and other cosmetic touch-ups, but what great bones this home has, with its picture-frame moldings and ornate original wood door frames! Apt 1D offers generous separation between the junior bedroom, which you pass as you enter the unit, and the primary bedroom at the back.120% AMI. See floor plan and full details here.

17 Pennsylvania Avenue, #10
$350,000

Cypress Hills | Cooperative | 3 Bedrooms, 1 Bath

17 Pennsylvania Avenue, #10 (Keller Williams Realty Empire)

From the Listing: Welcome to 17 Pennsylvania Ave, an HDFC Co-op located in the emerging neighborhood of Cypress Hills/East New York. This three-bedroom, one-bathroom apartment is on the second floor of a pre-war, walk-up building and has been completely renovated. This spacious apartment features three spacious bedrooms, an oversized, eat-in kitchen with top-of-the-line appliances, and a separate living room.The monthly maintenance is $658.00 and includes taxes, heat and hot water. See floor plan and full details here.

154 East 97th Street, #7
$375,000

Carnegie Hill | Cooperative | 1 Bedroom, 1 Bath

154 East 97th Street, #7 (Nest Seekers LLC)

From the Listing: A beautiful junior 1 bedroom in a fantastic location steps away from Central Park and subway line 6 and Q. It has a living room facing South enabling good light and spacious enough for a large couch and dining table. See floor plan and full details here.

153 West 106th Street, #5A
$389,000

Broadway Corridor | Cooperative | 2 Bedrooms, 1 Bath | 650 ft²

153 West 106th Street, #5A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Incredible value in this convertible 3 bedroom apartment. The kitchen is a full galley kitchen, the living room is a comfortable size and the master bedroom is quite large. The other rooms can fit a twin or full-sized bed. Perched up on the 5th floor of this exceptionally well-maintained and well-run Coop. See floor plan and full details here.

Garden Court, #2G
$420,000

Harlem | Cooperative | 1 Bedroom, 1 Bath

Garden Court, #2G (Brown Harris Stevens Residential Sales LLC)

From the Listing: Beautiful fully renovated one bedroom with 10' ceilings, Great Northern light streams through the oversized bay window. This is an elevator building in a prime South Harlem location. Rich chocolate hardwood floors, recessed lighting with dimmers, and a marble bath are some of the features. Gourmet kitchen with top-of-the-line stainless appliances and custom cabinetry. This space is streaming with light and its in mint condition. See floor plan and full details here.

The Renaissance, #530
$439,000

Harlem | Cooperative | 2 Bedrooms, 1 Bath

The Renaissance, #530 (Corcoran Group)

From the Listing: Welcome to The Renaissance in the heart of Harlem. This beautiful 2-bedroom, 1-bathroom apartment is an oasis of comfort and convenience. From the moment you step through the doors of our 24-hour doorman building, you'll be enveloped in a sense of warmth and belonging.As you enter the home, you will be greeted by a courtyard facing spacious living room, perfect for a tranquil getaway from the hustle and bustle of the city. See floor plan and full details here.

Would you like to tour any of these properties?

Just complete the info below.

444 West 54th Street, #20
$490,000

Midtown West | Cooperative | 1 Bedroom, 1 Bath

444 West 54th Street, #20 (Douglas Elliman Real Estate)

From the Listing: Sun-filled jewel box! Located in the heart of Hell's Kitchen on a beautiful, tree-lined block. Bright and quiet.Top floor, south-facing, away from the street, above the rear gardens, with open city views. There is sunlight in every room. Charm and character throughout with high ceilings, exposed brick and beams, hardwood floors, and oversized windows.Move-in condition. Recently renovated kitchen featuring refurbished solid oak cabinetry and stainless steel appliances. See floor plan and full details here.

58 West 105th Street, #5A
$520,000

Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath

58 West 105th Street, #5A (Compass)

From the Listing: Discover the potential of 5A, a lovely 1-bedroom, 1-bathroom HDFC co-op at 58 W 105th St, Apt 5A. Nestled in a beautiful 1900 prewar building in Manhattan Valley, this top-floor unit offers privacy and immediate access to the roof deck, and it is just over a block away from Central Park! See floor plan and full details here.

609 Columbus Avenue, #16F
$525,000

Central Park West | Cooperative | 1 Bedroom, 1 Bath

609 Columbus Avenue, #16F (Corcoran Group)

From the Listing: DUPLEX 1 bedroom1 bath with excellent Southern sunlight on 90th & Columbus.Windowed Kitchen can be opened up to the living room. Bedroom and Bath plus generous closet space on the top floor.Low maintenance includes Electricity, Gas, Water, Heat.Co Op features doorman/attended lobby, laundry, community room, courtyard (under renovation) and parking garage (wait list). See floor plan and full details here.

231 Maujer Street, #4L
$570,000

Williamsburg | Cooperative | 1 Bedroom, 1 Bath

231 Maujer Street, #4L (The Agency Brokerage)

From the Listing: Bright, warm and serene, this 1 bedroom home with roof access and a window in every room is the antidote to cookie-cutter apartment dwelling. Apartment 4L has been lovingly renovated and features:- Direct roof access via library ladder and skylight hatch- Potential to purchase roof rights and build a private roof deck- Lofty 9’-4" ceilings with sunny southern and western exposures- New double-paned windows in every room- Home office nook with views of the Empire State Bldg. See floor plan and full details here.

2041 Fifth Avenue, #5F
$599,000

East Harlem | Cooperative | 3 Bedrooms, 1.5 Baths

2041 Fifth Avenue, #5F (Compass)

From the Listing: Welcome to this stunning 3-bedroom, 1.5-bathroom HDFC co-op located at 2041 5th Ave in the heart of Manhattan, NY. This lowrise corner unit offers a total of 5.5 rooms with a unique street scape view. See floor plan and full details here.

The Parkside, #21
$625,000

Harlem | Cooperative | 2 Bedrooms, 1 Bath | 750 ft²

The Parkside, #21 (Sothebys International Realty)

From the Listing: Welcome to Residence 21, a turnkey home that checks a lot of boxes. Day-long, light pours in through windows, framing coveted views of Morningside Park. Check. Serene, and spacious?Got that.

This 2BR/CONV3 features a separate dining room and a bright, west-facing living room that can easily revert to its previous form as a king-sized third bedroom (the chosen layout in other front-facing units). See floor plan and full details here.

407 Keap Street, #25
$625,000 (-3.8%)

Williamsburg | Cooperative | 2 Bedrooms, 1 Bath

407 Keap Street, #25 (Native Real Estate LLC)

From the Listing: Welcome home to this gorgeously renovated, top floor 2 bedroom coop with 10 ft ceilings and city views!Don't miss out on this rare opportunity to own in a boutique HDFC cooperative with very low maintenance, located in one of the most desirable Williamsburg locations! See floor plan and full details here.

638 Warren Street, #1L
$629,000

Park Slope | Cooperative | 1 Bedroom, 1 Bath | 650 ft²

638 Warren Street, #1L (Christies International Real Estate Group LLC)

From the Listing: Beautifully renovated and charming 1 bedroom sits on the first floor of this 8-unit Co-op in Park Slope. Enter into a cozy living room with a decorative fireplace, high ceilings, and oversized windows that offer natural sunlight throughout the home. Gleaming hardwood floors lead into a large dining area and a recently renovated kitchen with shaker-style white cabinets, stainless steel appliances, and plenty of storage. See floor plan and full details here.

Madison Park, #6A
$669,000

East Harlem | Cooperative | 2 Bedrooms, 2 Baths | 860 ft²

Madison Park, #6A (Brown Harris Stevens Residential Sales LLC)

From the Listing: This serene split two-bedroom, two-bathroom layout captures the gentle morning eastern light, offering tranquility.Step into an updated kitchen featuring light grey tones, marble flooring, Corian countertops, and state-of-the-art stainless-steel appliances, including a dishwasher. The dining experience is elevated with a charming banquette area adjacent to the kitchen, creating a perfect space for entertaining culinary delights. See floor plan and full details here.

229 East 14th Street, #3E
$700,000

Gramercy Park | Cooperative | 3 Bedrooms, 1 Bath | 983 ft²

229 East 14th Street, #3E (Corcoran Group)

From the Listing: Here's a rare opportunity to purchase a massive floor-through apartment in a boutique building with very Low Common Charges This Loft-like massive space is approximately 1,000ft with really high ceilings and is currently configured as a three-bedroom that can be reconfigured to accommodate your needs You have ample space here to let your imagination truly blossom. See floor plan and full details here.

2041 Fifth Avenue, #2F
$775,000

East Harlem | Cooperative | 4 Bedrooms, 2 Baths | 1,700 ft²

2041 Fifth Avenue, #2F (Compass)

From the Listing: SoHo loft style meets Harlem excitement in this spacious and stunning four-bedroom, two-bathroom HDFC co-op featuring sprawling living spaces, a renovated gourmet kitchen, and plenty of space for home office and fitness areas. Income restrictions apply. Tall ceilings, pale hardwood floors and oversized windows on the southern, western and northern exposures give this expansive home a bright and airy ambiance, while the thoughtful layout is perfect for busy daily life and gracious entertaining. A long gallery entry lined with exposed brick ushers you into the 23-foot-long living room, where you'll enjoy a generous footprint for seating and dining areas surrounded by a bay window and ceiling fans. See floor plan and full details here.

870 Riverside Drive, #2A
$850,000

Washington Heights | Cooperative | 4 Bedrooms, 2 Baths | 1,680 ft²

870 Riverside Drive, #2A (Elegran LLC)

From the Listing: This sprawling pre-war 4 bedroom/ 2 baths is situated in one of the most beautiful historical neighborhoods in Upper Manhattan. Original floors, high ceilings 9’6", oversized windows, abundant sunlight, ample closets. This choc-full-of-details beauty may need a gut renovation but is well worth it. See floor plan and full details here.

The Grinnell, #6E
$1,795,000

Washington Heights | Cooperative | 4 Bedrooms, 3 Baths

The Grinnell, #6E (Compass)

From the Listing: Offered for the first time in over 40 years, now is your unique opportunity to own a spacious 4-Bed, 3-bath apartment in The Grinnell, an outstanding pre-war building in the Historic Audubon Park district of Lower Washington Heights. Rarely available, this 10-room home provides ample space for comfortable living and entertaining in a bucolic setting. Bring your architect and create the home of your dreams! See floor plan and full details here.

The Lenox Court, #16
$427,000

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.

Would you like to tour any of these properties?

This is your member's center

In this article:

What is an HDFC Co-op?

Learn More About HDFC Co-ops Here→

Recent HDFC co-op listings

2440 Amsterdam Avenue, #3B
$225,000

Holstein Court, #1D
$299,000 (-8%)

17 Pennsylvania Avenue, #10
$350,000

154 East 97th Street, #7
$375,000

153 West 106th Street, #5A
$389,000

Garden Court, #2G
$420,000

The Renaissance, #530
$439,000

Select which properties are of interest to you:

444 West 54th Street, #20
$490,000

58 West 105th Street, #5A
$520,000

609 Columbus Avenue, #16F
$525,000

231 Maujer Street, #4L
$570,000

2041 Fifth Avenue, #5F
$599,000

The Parkside, #21
$625,000

407 Keap Street, #25
$625,000 (-3.8%)

638 Warren Street, #1L
$629,000

Madison Park, #6A
$669,000

229 East 14th Street, #3E
$700,000

2041 Fifth Avenue, #2F
$775,000

870 Riverside Drive, #2A
$850,000

The Grinnell, #6E
$1,795,000

The Lenox Court, #16
$427,000

This is your member's center

In this article:

What is an HDFC Co-op?

Learn More About HDFC Co-ops Here→

Recent HDFC co-op listings

Select which properties are of interest to you:

Select which properties are of interest to you:

Listings in this article

Related Links

Tags:

Related Articles

Buy & Sell

Rent

Buildings

Insights

Company