Hell’s Kitchen isn’t always the first Manhattan neighborhood that people tend to think of, but it has so much to offer. It puts you in the center of Manhattan and in one of the best neighborhoods for restaurants. You can walk out your door and into the theater district and if you work in Midtown, your commute will be a breeze. Our Deal of the Week, 323 West 43rd Street #4R, is a Hell’s Kitchen 2-bedroom in a red brick, pre-war co-op building.
Get to know our Deal of the Week.
The Price: $595,000
As of November 2025, the median asking price for Midtown West was $1.9 million, according to the StreetEasy Data Dashboard, which makes this Deal of the Week just over a quarter the cost of its neighbors.
With a 20% minimum down payment ($119,000) and a 30-year mortgage at a 6.562% interest rate, StreetEasy estimates total monthly payments to be $3,828, which includes a monthly $800 maintenance fee, as well as the $3,028 estimated mortgage payment. That’s significantly less than the Midtown West median asking rent, which was $4,495 in November.
This is a Housing Development Finance Corporation building which means there is an income cap for buyers. Eligible households have to have made a maximum of 165% of the New York Area Median Income over the past two years. That’s $187,110 for one person, $213,840 for two, $240,570 for three, and $267,300 for four.
Why You’ll Love It…
A well-laid out apartment is immensely appealing and can be difficult to find. This Hell’s Kitchen 2-bedroom offers several potential flexible configurations to fit different lifestyles. As it exists now, there are two equally sized bedrooms that are connected via a shared wall.
The bright and sunny living room has two large windows with northern exposure and gets great light. It boasts gleaming hardwood floors that extend through the apartment. The kitchen is large with space for a dining area. There’s also an impressive walk-in closet that could be converted to a small workspace.
The unit sits on the fourth floor of building with a beautiful red brick façade. The Hell’s Kitchen location makes it ideal for a midtown commute and allows for easy trips to other neighborhoods and boroughs. There’s so much to do in the area, from the Birdland Jazz Club, which is only steps away, to Broadway shows, and top restaurants. The transportation access is excellent, with the A/C/E, 1/2/3, N/Q/R/W, S, and 7 trains, as well as the Port Authority Bus Terminal, in close proximity.
Hell’s Kitchen Homes Under $1M on StreetEasy Article continues below
… And Why You Might Not
The HDFC designation comes with some restrictions that potential buyers should be aware of. It can only be a full-time residence, not a pied-à-terre. If the home is sold again within five years, it will incur a 25% flip tax. If it’s sold after five years, that tax will be 15%. There are restrictions on subletting, which can only be done with co-op board approval. While cats are allowed, dogs are not.
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