Homes/New York/New York/437 West 43rd Street
CompCasa Property Analysis · condo

437 West 43rd Street

Renovated 2-Bedroom Condo with Private Terrace in Hell's Kitchen

Rare 240 sq ft private terrace steps from Times Square

2 beds1 baths3,484 sq ftBuilt 19200.0438 acresnone
CompCasa valuation analysis
Estimated market value
$625,000
Low $600,000 · Midpoint $625,000 · High $650,000
Confidence85%Sales comparison approach
Last recorded sale$470,000Jan 2, 2013
Assessed value$257,3472025 assessment
CompCasa estimate$625,000Aug 27, 2026
Estimate vs. last recorded sale+$155,000 / +33.0%
$600,000$625,000 midpoint$650,000
Price / sq ft$988
Median sale price$1,200,000
Avg days on market40 days
Inventory3.5 months

Sales comparison approach using recent sales of similar 2-bedroom condos in Hell's Kitchen; adjusted for private terrace and renovation status.

About the property

Renovated 2-Bedroom Condo with Private Terrace in Hell's Kitchen

The defining feature of Unit 1 at 437 West 43rd Street is unmistakable: a private, sun-ready 240 sq ft terrace — a rare outdoor retreat in Midtown West where terraces are prized and seldom found. This renovated two-bedroom, one-bath condominium occupies 632 square feet within an intimate six-unit pre-war masonry building. Thoughtful updates bring contemporary comforts while preserving the building’s character; the result is a smartly laid-out city home with an outdoor room that expands living space and entertaining possibilities.

Step inside to a functional plan that prioritizes everyday living. Both bedrooms are framed to deliver privacy from the main living area while the updated bath and living space reflect recent renovation work throughout the unit. Climate comfort is handled by electric heating and a wall AC unit. Practical city details—no on-site parking and a modest tax profile—are offset by the unit’s singular outdoor amenity and efficient footprint.

Beyond the apartment’s walls, Hell’s Kitchen’s energy is immediate: Broadway theaters, Times Square, Hudson Yards, and the Port Authority are all within easy reach. Hudson River Park’s waterfront paths and greenways sit less than a mile away, making morning runs, weekend bike rides, and riverside sunsets part of the routine. Transit access is excellent, with multiple subway lines and bus connections nearby, making both work commutes and weekend escapes straightforward.

This property suits a wide range of buyers: someone seeking a primary Manhattan residence that offers private outdoor space; a couple or roommates wanting two bedrooms in a compact, renovated layout; or an investor drawn to steady neighborhood demand and rental potential. With recent comparable sales in Hell’s Kitchen and a valuation midpoint in the $600K–$650K range, Unit 1 stands out for delivering rare terrace square footage plus tasteful updates in a highly walkable, amenity-rich corridor of Midtown West.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$620,000
Property address500 W 43rd St Unit 21E, New York, NY 10036
1 bed1 bath675 sq ftBuilt 19880.2 mi871 sq ft lot$918/SF
Sold May 12, 2026
Subject difference
  • 2,809 SF smaller
  • 1 fewer bedroom
  • 1,037 SF smaller lot
  • 68 years newer
Research comparison note1-bedroom unit with balcony; newer building with amenities
02Sold price$880,000
Property address350 W 42nd St Unit 18E, New York, NY 10036
1 bed1 bath667 sq ftBuilt 20050.3 mi$1319/SF
Sold Apr 20, 2026
Subject difference
  • 2,817 SF smaller
  • 1 fewer bedroom
  • 85 years newer
Research comparison noteLuxury high-rise with full amenities; higher price point
03Sold price$885,000
Property address517 W 46th St #404, New York, NY 10036
1 bed1 bath610 sq ftBuilt 20070.4 mi$1451/SF
Sold Mar 15, 2026
Subject difference
  • 2,874 SF smaller
  • 1 fewer bedroom
  • 87 years newer
Research comparison noteModern condo with high-end finishes; smaller unit size
Comp methodology: Comparable sales and rentals were selected based on proximity, unit size, and amenities to provide an accurate valuation estimate.
Property details

A 1920 apartment on 0.04 acres.

Building

Year built1920
ConstructionMasonry
RoofFlat
Heatingelectric
Coolingwall unit

Site & utilities

Lot size0.0438 acres
Garagenone
Stories3
ConditionGood
BasementNone
FireplaceNo
Improvement notesRenovated 2-bedroom, 1-bathroom unit with private 240 sq ft terrace; building comprises 6 residential units
Lot area1,908 sq ft
TopographyLevel
Frontage19 ft frontage on West 43rd Street
ParkingNone
Parking spaces0
Parking notesStreet parking available; no on-site parking
AccessStandard residential entrance from West 43rd Street
WaterMunicipal
SewerMunicipal
ElectricCon Edison
GasCon Edison
Location & nearby

Hell's Kitchen

Researched nearby locations

Times Square (0.3 mi)
Hudson Yards (0.5 mi)
Broadway Theaters (0.4 mi)
Port Authority Bus Terminal (0.2 mi)
Hudson River Park (0.6 mi)

Location

437 West 43rd Street, New York, NY 10036

View in Google Maps
Editorial neighborhood context

Hell’s Kitchen blends everyday convenience with big-city energy. Once a working-class enclave, the neighborhood now offers a dense mix of restaurants, bars, theaters, and shops alongside quieter residential blocks. Residents enjoy immediate access to Midtown attractions—Broadway, Times Square, and Hudson Yards—plus waterfront recreation at Hudson River Park. Public transit and the Port Authority make regional travel simple. The area’s dining scene ranges from longtime neighborhood favorites to chef-driven newcomers, creating a lively, walkable district ideal for those who want Manhattan living with neighborhood character.

Nearby access summary

Excellent access to Hudson River Park’s bike and running paths (0.6 miles), multiple neighborhood parks, and convenient proximity to waterfront recreation and Midtown cultural attractions.

ElementaryP.S. 51 Elias Howe (6/10)
Middle schoolMiddle 297 (4/10)
High schoolHigh School for Environmental Studies (7/10)
School districtNew York City Geographic District #2
Market context

A factual market snapshot around 437 West 43rd Street.

Median sale price$1,200,000
Avg days on market40 days
Inventory3.5 months
1-year appreciation5.0%
5-year appreciation15.0%
Editorial market perspective

Hell's Kitchen’s condo market is currently competitive but balanced — trending slightly in favor of sellers. Area metrics show a median sale price near $1,200,000, a one-year appreciation of roughly 5% and five-year gains around 15%. Inventory sits at approximately 3.5 months and average days on market run near 40 days, indicating steady demand without the extreme scarcity seen in earlier cycles. For mid-sized condos (like two-bedroom units), sales are active: recent comps in the immediate area range from roughly $600K to $900K depending on building amenities and unit size; the sales-comparison approach yields an estimated value for this renovated terrace unit in the $600K–$650K band, midpoint $625,000.

Condo buyers competing in Hell’s Kitchen should expect decisive—but not frenetic—market conditions. Properties with unique differentiators (private outdoor space, quality renovations, or boutique buildings) continue to capture above-average interest and often achieve quicker closings. Given current rent comparables and an estimated monthly rent around $3,500, this unit also presents reasonable short- to mid-term rental upside for investors, provided condo rules permit leasing. Overall, the present environment supports acquisition for both owner-occupiers and buy-and-hold investors who value location, walkability, and long-term appreciation potential.

Zoning & land use

Medium-Density Residential

Zoning

Zoning codeR8
DescriptionMedium-Density Residential
JurisdictionNew York City
Assessor useSpecial Condominium Billing Lot
Current useResidential
SetbacksFront: 10 ft, Side: 0 ft, Rear: 30 ft

Research-indicated uses

  • Residential
  • Community Facility
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$27,900
Assessed improvements$229,447
Total assessed$257,347
Assessment year2025
Annual property tax$12,459
Tax year2025

Sale history

2013-01-02$470,000 · $744/SF
1986-01-21$230,000 · $364/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$4,000/mo
Property address560 W 43rd St Apt 15A, New York, NY 10036
1 bed1 bath630 sq ft$6.35/SF
Leased Jun 1, 2026
Subject difference
  • 2,854 SF smaller
  • 1 fewer bedroom
Research comparison noteHigh-rise building with amenities; similar size and location
02Monthly rent$4,200/mo
Property address505 W 43rd St Apt 7B, New York, NY 10036
1 bed1 bath640 sq ft$6.56/SF
Leased May 15, 2026
Subject difference
  • 2,844 SF smaller
  • 1 fewer bedroom
Research comparison noteNewer building with modern finishes; slightly larger unit
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Built in 1920 with recent renovations enhancing modern appeal
  • Last sold in 2013 for $470,000; current estimated value around $625,000
  • Median sale price in Hell's Kitchen is $1,200,000
  • Average days on market in the area is 40 days
  • Private terrace adds significant value and desirability

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Review HOA fees and regulations
  • Professional home inspection
  • Assess noise levels due to proximity to major attractions
Highlights & features

What stands out about this property.

Interior Features

  • Renovated 2-bedroom, 1-bath layout
  • 632 square feet of interior living space
  • Updated finishes and fixtures (recent renovation)
  • Wall-mounted AC unit; electric heating
  • Efficient, privacy-minded floorplan

Exterior & Lot

  • Private 240 sq ft terrace (exclusive use)
  • Masonry construction with flat roof
  • 19 ft frontage on West 43rd Street
  • Lot size: 1,908 sq ft (approx.)
  • No on-site parking; street parking available

Location & Neighborhood

  • Hell's Kitchen / Midtown West neighborhood
  • 0.3 mi to Times Square; 0.5 mi to Hudson Yards
  • 0.4 mi to Broadway Theater District
  • 0.2 mi to Port Authority Bus Terminal
  • Excellent transit options and abundant dining

Walkability & Recreation

  • Walkability Rating: 100/100 — Daily errands on foot (Walker's Paradise)
  • Hudson River Park and waterfront paths (0.6 mi)
  • Numerous neighborhood restaurants, cafes, and nightlife
  • Hiking and biking trails accessible within one mile
  • Community green spaces and running/walking routes nearby
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin listing for 437 W 43rd St #1View source
2
Realtor.com listing for 437 W 43rd St Apt 1View source
3
Douglas Elliman listing for 437 W 43rd St 1View source
4
PropertyShark report for 437 W 43rd StView source
5
Redfin market data for Hell's KitchenView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.