The Market

A Hell's Kitchen studio that almost qualifies as a one-bedroom? Yes, please

By Leigh Kamping-Carder  | July 16, 2014 - 9:59AM

Getting more than you pay for is such a rare occurrence in the search for a New York City apartment that we couldn’t help but notice this Hell’s Kitchen studio, which comes with an extra half room that makes the place seem a lot more functional than your average one-room abode.

Listed yesterday for $468,000, the third-floor walk-up co-op is legally a studio, and advertised as such. “The space delineated on the floor plan as ‘bedroom’ is an alcove/multi-purpose area,” explains listing broker John Milad of the Corcoran Group.

The floorplan shows a "bedroom," but it's legally just an alcove

At 7.5 feet wide, with a closet and a window, per the floor plan, the “bedroom” actually looks like a place you could stand to spend the night. And the apartment comes with other touches that make the space feel bigger: the Pullman kitchen has an island with a bench, separating the eating space from the living room; 10-foot ceilings, a wood-burning fireplace, exposed brick, wood floors and stainless steel appliances give the spot some class; and built-in shelving in the entryway and living room provide for plenty of vertical storage to keep the clutter to a minimum.

The living room has built-in shelves and big windows, which help make the place feel more spacious

The 500-square-foot apartment is priced slightly higher than other studio co-ops in Midtown West, which sold for an average of about $412,000 in the last 90 days, according to StreetEasy. Meanwhile, one-bedrooms in the area fetched an average of $548,000(The listings site does not provide pricing data for Hell’s Kitchen specifically.) In the same building, a duplex two-bedroom a floor higher sold in May. Though its final sale price is not public yet, its last asking price was $725,000, or $763 per square foot, versus $936 per square foot for this studio, according to StreetEasy

The apartment, at 305 West 55th Street at Eighth Avenue, is in a five-story pre-war brownstone with 19 other units. It’s also close to the shops and restaurants (and hordes of tourists) at Columbus Circle, as well as a slew of subway lines and Central Park. Pets are allowed with board approval, the listing says, and maintenance is $667 a month. 

The West 55th Street building has 20 units spread across just five stories


A Yorkville studio squeezes three rooms into one

How do I find a studio that doesn't feel like a jail cell?

How to survive life in a tenement-sized apartment

10 tips from a renter who's lived in one 338-square-foot room for almost a decade

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.