501 156th Street
About this property
Own a Manhattan home with just a 10% down payment! Welcome to 501 West 156th Street, Unit 22, a one-bedroom, one-bathroom HDFC cooperative located in the heart of Washington Heights. Situated on the second floor with only one easy flight of stairs, this bright and efficient home offers approximately 450 square feet of comfortable living space. The layout is cozy yet functional, filled with natural light, and perfect for first-time buyers or anyone looking for an affordable way to own in New York City. Financing is simple with only 10% down required, no loan-to-value restrictions, and several banks already familiar with lending in the building. Pets are welcome, making it even easier to feel at home. The location is unbeatable—just steps from the 1 and C trains for quick access to Midtown and Downtown, as well as near the Henry Hudson Parkway and George Washington Bridge for convenient travel. The neighborhood offers supermarkets, local shops, cafés, restaurants, parks, and the famous Hispanic Society Museum & Library right at the end of the block. Income restrictions apply: $98,940 annually for households of one to two people and $113,280 for households of three or more. The flip tax is paid by the seller, and subletting is permitted on a case-by-case basis, while pied-à-terres are not allowed, helping maintain a strong community feel. This is a rare opportunity to own an affordable home in one of Manhattan’s most vibrant neighborhoods.
Listing details
- Property Type
- Residential
- Sub-Type
- Stock Cooperative
- Year Built
- 1930
- Living Area
- 500 sqft
- Lot Size
- 6,615 sqft
- County
- New York (Manhattan)
- MLS #
- KEY921206
- Status
- Closed
Street view & aerial
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FMR for New York (Manhattan), NY 10032
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 10032
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 BedroomSubject | $2,156 | $25,872 |
| 2 Bedroom | $2,640 | $31,680 |
| 3 Bedroom | $3,324 | $39,888 |
| 4 Bedroom | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
Mortgage calculator
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Questions about this listing
Is 501 156th Street in New York (Manhattan) still available?
Inventory changes daily. 501 156th Street is currently listed as Closed in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 09/22/2026, 07:34 PM ET
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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