500 West 53rd Street (Avalon Clinton North)
500 West 53rd Street, New York, NY 10019
Hell's Kitchen
BBL 1010817502 · BIN 1087777
- Year built
- 2007
- Type
- Condominium
- Units
- 339
- Floors
- 27
- Landmark
- No
- Amenities
- 24-hour concierge, on-site parking garage with valet, fitness center, common roof decks and roof gardens, residents' lounges, library, event room, in-unit and building laundry, and personal storage — verify the amenity package and any condominium-specific access terms with the managing agent
- Pets
- Pet-friendly — confirm current terms with the managing agent
- Flip tax
- None documented — verify against the by-laws at offer stage
Every recorded sale at this building, 2008–2023
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,801
- Listing discount
- 1.7%
- Recorded sales
- 12
- On record
- 2008–2023
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Avalon Clinton North would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
500 West 53rd Street is the northern tower of the Avalon Clinton complex, a full-block, environmentally certified building that opened in 2007 in the heart of Hell's Kitchen, at the southwest corner of Tenth Avenue. Designed by Fox & Fowle, the complex was an early large-scale green development in far West Midtown, and it anchored a wave of new residential product that reshaped the blocks west of Tenth Avenue in the late 2000s.
The building is unusual in one important respect, and buyers should understand it from the outset: most of the complex operates as a professionally managed rental, but a defined set of residences at 500 West 53rd Street are individually owned condominium units that trade on the open market. Publicly recorded NYC building data and NYC Department of Finance recorded transfers confirm individual condominium closings here — the for-sale inventory is genuine, not a marketing label attached to a pure rental. That mixed structure gives the for-sale buyer a distinctive combination: condominium ownership and flexibility inside a large, amenitized, professionally operated building at a Hell's Kitchen per-foot below the far-West-Side new-development towers a few blocks north and west.
Architecture and unit composition
Fox & Fowle's design is a red-brick, environmentally certified tower conceived as part of a full-block Hell's Kitchen complex rather than a freestanding luxury monolith. The North tower rises 27 stories. The individually owned condominium residences run through a range of layouts, with higher floors carrying open city exposures; the penthouse level has traded at the top of the building's range. Because the tower blends rental and for-sale residences, the exact condominium unit schedule — which lines are owned and which are rental — should be confirmed line by line against the offering plan on file in The Roebling Research Library. As with any building of this vintage, renovation quality and finish level vary unit to unit.
Building operations
500 West 53rd Street runs as a full-service, professionally managed building: 24-hour concierge, an on-site parking garage with valet, a fitness center, common roof decks and roof gardens, residents' lounges, a library, an event room, and building and in-unit laundry, plus personal storage. The environmental certification reflects the complex's original green-building program. Because the building carries both rental and condominium residences, condominium owners should confirm exactly which amenities are available to unit owners and on what terms; common charges and any access rules are documented in the offering plan and current house rules on file in The Roebling Research Library.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $221,069/yr
- Per unit / month range
- $0 – $54
- Modeled exposure split equally across 344 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2029
- Years remaining
- ~4 yrs
- Program
- 421-a (20-year)
The 421-a benefit ends within a few years. Taxes will step up toward the full assessed amount as it phases out — factor the post-abatement tax into any resale math.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2030 runs July 1, 2029 to June 30, 2030.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Management & transfer contacts
- Notable fees
- Condo. Buyer app $650; credit $150/applicant; transfer fee $650; closing prep $300 + post-closing $300; lease app $500
Recent sales
The for-sale condominium residences at 500 West 53rd Street trade in the Hell's Kitchen / Clinton condominium market, at a per-foot below the far-West-Side new-development towers to the north and west. Recorded closings here span a wide per-square-foot band depending on floor, line, and condition, and penthouse-level inventory reaches the top of the building's range. The value proposition is condominium ownership inside a large, amenitized, professionally operated building at a West Midtown price point. Apartment-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Oct 24, 2023 | 6C | 2 BR · 2 BA · 1,255 sf | $2,260,000 | $1,801/sf | -3.8% |
| Jul 12, 2021 | PH | 4 BR · 3.5 BA · 2,676 sf | $4,995,000 | $1,867/sf | off-mkt |
| Feb 5, 2019 | 7B | 3 BR · 3.5 BA · 2,210 sf | $3,500,000 | $1,584/sf | -21.9% |
| May 8, 2015 | 6A | 3 BR · 2.5 BA · 1,885 sf | $3,850,000 | $2,042/sf | -1.2% |
| Jul 19, 2012 | 6C | 2 BR · 1,255 sf | $1,685,000 | $1,343/sf | +0.6% |
| Nov 6, 2008 | 7BSponsor Sale | 3 BR · 2,210 sf | $1,883,763 | $852/sf | -5.6% |
| Jun 30, 2008 | 7ASponsor Sale | 3 BR · 2,010 sf | $2,168,873 | $1,079/sf | -5.7% |
| May 23, 2008 | PHSponsor Sale | 4 BR · 2,676 sf | $3,614,788 | $1,351/sf | -2.3% |
Market read. Most recent trades (2023) cleared a median $1,801/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.7% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01081-7502). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Confirm the ownership structure first. This is a mixed rental-and-condominium tower. Verify that the specific unit is an individually owned condominium residence, confirm the condominium declaration and by-laws, and understand how the for-sale component relates to the rental operation. This is the single most important diligence step here.
Confirm the exposure line by line. Floor, orientation, and light vary substantially in a 27-story building on a full-block Hell's Kitchen site; underwrite the specific line, not the building average.
Condo flexibility is real — but verify it. Pied-à-terre, investment use, and subletting are accommodated under condominium frameworks of this type; confirm the current terms against the by-laws, because the mixed structure can carry specific rules.
Model the full carry. Common charges plus property taxes plus utilities and insurance — run the complete monthly number, and confirm what the common charge does and does not include given the shared building services.
What to know if you’re selling
Lead with the ownership clarity. Because the tower blends rental and for-sale residences, a clean explanation of the condominium structure — and proof of individually recorded ownership — reassures buyers and widens the pool.
Position against the Hell's Kitchen condominium market. Your comparable set is the surrounding far-West-Midtown condominiums, not the trophy new-development towers; price to the neighborhood, and let the amenity depth and green certification support the number.
High floors and light carry the premium. Floor, exposure, and condition drive the per-foot spread in this tower.
Closing timelines are condo-fast. 30 to 45 days from contract to closing under the condominium framework.
Comparable buildings
- 505 West 43rd Street — nearby Hell's Kitchen residential building
- 500 West 43rd Street — nearby far-West-Midtown building
- 301 West 53rd Street — West 53rd Street condominium to the east
- One West End — the amenity-rich West End condominium to the north
- 555 West 59th Street — large far-West-Side condominium nearby
More Chelsea buildings
- 500 West 22nd Street (Park House Chelsea) — 2020 condominium
- 500 West 25th Street (The Emerson) — 2020 condominium
- 500 West 43rd Street (The Strand) — 1987 condominium by Philip Birnbaum & Associates
- One High Line (500 West 18th Street) — 2024 condominium by Bjarke Ingels Group (BIG)
- 502 Ninth Avenue (38NINE) — 2005 condominium
- 503 West 24th Street (The Getty Residences) — 2018 condominium by Peter Marino
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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