502 West 55th Street

502 West 55th Street is a Co-op located in Hell's Kitchen, New York. The building was first built in 1920 and is 104 years old. It was first renovated and altered in 1995. The lot that the building was built on is 50 feet wide and 150 feet long. The official lot area is listed as 10,062 square feet. The building itself is 50 feet wide and 150 feet long. In total, 502 West 55th Street has a total floor area of 35,625 square feet. Of that, 33,125 square feet are used for residential purposes. About 2,500 square feet of the building are used for commercial purposes. There are a total of 47 units. Of those, 44 are residential units. There are three commercial units. 502 West 55th Street has a total of 5 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. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Alternatively, take a stroll around the building's courtyard and garden. Both dogs and cats are allowed in the building! There are 15 closings on record, of which we have matching data for 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 148 days The transaction that took the longest to complete was unit 3E, listed on Jan 21, 2020 for $560,000. This particular unit ultimately sold 334 days later for $480,000. The most recent transaction was for unit 4E, sold for $340,000 on Nov 22, 2022. Fun fact, the oldest transaction we have on record took place on Dec 21, 2000. See the full transaction history for 502 West 55th Street below.

Hell's Kitchen, where 502 West 55th 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 $405,000. For interested buyers, that means the building's median asking price is around 0.46% 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.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.