348 West 56th Street #5B, New York City, NY 10019
Listing Courtesy of Compass
$495,995
Potential Rebate: $7,440
Overview
348 West 56th Street, Apt 5B
Hell’s Kitchen meets Central Park – Newly Renovated Top-Floor One Bedroom
Welcome to your Manhattan escape. Apartment 5B is a sleek, newly renovated top-floor one-bedroom that blends modern upgrades with timeless pre-war charm. Bathed in southern and eastern light, this quiet rear-facing home offers both peace and energy — a perfect city sanctuary.
Inside, you’ll find:
Tall ceilings & hardwood floors that stretch throughout
A windowed galley kitchen, redesigned with stainless steel appliances, stone countertops, and designer tile finishes
A windowed bathroom, newly remodeled with fresh, clean design
Two oversized closets, perfect for city living storage
This is a space designed for both comfort and style, with sunlight pouring in all day long.
The Building & Location
-Elevator convenience & a hands-on superintendent
-Laundry in the basement for total ease
Just 3 blocks from Central Park, near Whole Foods at Time Warner Center, and moments from Lincoln Center & Carnegie Hall
-Quick access to the 59th Street transit hub, connecting you to all of Manhattan in minutes
-The Co-op Advantage
-Easy, flexible board approval
-Investor-friendly: sublet from day one - with no sublet fee
-No flip tax
-Pied-à-terre welcome
-Pet-friendly
Whether you’re looking for a primary home, a pied-à-terre, or an investment, #5B delivers.
Current assessment $264.69/month. This is to upgrade the hallways and other parts of building
Square feet posted is approximate this is a co-op
Home Features
- •Common On Floor
- •Common Area
Estimated Monthly Payment
$3,437 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,440
Monthly savings impact
$21/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
45 West 54TH Street #8A, New York City, NY 10019
Listing Courtesy of Douglas Elliman Real Estate
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20046192
Price Analysis
Compare average listing prices and value metrics for 348 West 56th Street against the surrounding Hell's Kitchen market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
66.00% Lower
than the Hell's Kitchen price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Hell's Kitchen
Restaurant Row & Nightlife
\nHell's Kitchen (Clinton) is vibrant, diverse, and food-focused. It stretches west of the Theater District.
\nReal Estate & Housing Market
\nWalk-up tenements mix with massive new luxury rental towers (like Sky and Silver Towers).
\nLifestyle & Community
\nThe dining scene along 9th Ave is legendary. Very popular with the LGBTQ+ community and Broadway actors.
\nTransportation & Accessibility
\nA/C/E at 8th Ave. Port Authority offers buses everywhere.
\nParks, Schools & Amenities
\nHudson River Park is the backyard. Intrepid Museum nearby.
\nWho This Neighborhood Is Best For
\nBest for foodies, theater lovers, and young professionals.
