314 W 56 Owners Cor

314 W 56 Owners Cor is a Co-op located 314 West 56th Street, in Hell's Kitchen, New York. The building was first built in 1933 and is 91 years old. It was first renovated and altered in 1988. The lot that the building was built on is 44 feet wide and 100 feet long. The official lot area is listed as 4,393 square feet. The building itself is 44 feet wide and 64 feet long. In total, 314 West 56th Street has a total floor area of 18,506 square feet. Of that, 17,006 square feet are used for residential purposes. About 1,500 square feet of the building are used for commercial purposes. There are a total of 33 units. Of those, 32 are residential units. There is one commercial unit. 314 West 56th Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 40 closings on record, of which we have matching data for 16 listings. In the past 3 years, a listing in this building will typically remain on the market for about 135 days and tend to sell below the original asking price of $590,000 by 5.83%. Meaning, listings tend to sell at a median of $931 price per square foot. The transaction that took the longest to complete was unit 6C, listed on Apr 15, 2020 for $625,000. This particular unit ultimately sold 292 days later for $597,500. The most recent transaction was for unit 6C, which was first advertised on Apr 24, 2023, sold for $565,000 on Oct 19, 2023. Fun fact, the oldest transaction we have on record took place on Sep 21, 1967. See the full transaction history for 314 W 56 Owners Cor below.

Hell's Kitchen, where 314 West 56th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $590,000. For interested buyers, that means the building's median asking price is around 0.21% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $879,000. It is a 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $545,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 3 one-bedroom, units for sale! The median price of all the active units for sale in the building is $565,000. Active units for sale at 314 West 56th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.