502 Ninth Avenue (38NINE)

The building rises 11 stories in a contemporary boutique idiom, with large windows drawing light into open-plan layouts and deep setback terraces and balconies stepping the upper floors. Units carry noise-reducing double-sealed glazing — a meaningful feature at a busy avenue corner — with rift-cut wood cabinetry, stainless appliances, imported porcelain baths, hardwood floors, and central air. The unit mix runs from one-bedrooms through two- and three-bedroom homes and a penthouse tier, with the terraced upper floors carrying the light and outdoor space that define the building's premium. Lower and avenue-facing units should be evaluated in person for light and street noise, though the sealed glazing is designed to address the latter.

This is boutique self-service ownership: a virtual doorman rather than staffed lobby, an elevator, common laundry, bicycle and private storage, a roof deck, and a landscaped garden, with private balconies or terraces on many units. There is no staffed doorman, gym, or on-site parking. Buyers coming from full-service buildings should price the trade consciously — a lower monthly carry against package logistics and a lighter amenity package. Common charges are spread across a modest owner base; the offering plan, by-laws, budget, and reserve study should be reviewed carefully during diligence. We obtain current building documents from the managing agent for clients at offer stage.

Recent sales

Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

Market read. Most recent trades (2025) cleared a median $1,243/sf across 1 sale. Median listing discount 0.5% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00762-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.

You are buying the transit crossroads. The value here is unmatched connectivity — Penn, Port Authority, Times Square, and nearly every subway line within a short walk. If daily access drives your decision, this corner is hard to beat; price the location premium against the lighter service model.

Terrace and floor drive the price. The building's outdoor space and light concentrate in the setback upper floors. Confirm the specific unit's exposure and terrace — the premium lives there, and lower avenue-facing lines are a different product.

Self-service is the trade. A virtual doorman and a boutique amenity set mean a lower carry but more package and delivery logistics. Run the True Monthly Carrying Cost Calculator against full-service alternatives before deciding the format fits.

Verify the policy stack. The building is pet-friendly per listing records, and condominium subletting and pied-à-terre use are generally permitted, but leasing specifics and financing minimums are thinly documented publicly. We verify against the offering plan and managing agent during diligence.

Mansion tax applies at the top of the building. Larger and terraced units cross the $1 million and $2 million thresholds — run the Mansion Tax Calculator at the intended price before offering.

Lead with access and value. The pitch is a rare ownership foothold at a transit crossroads, below Hudson Yards pricing. Position honestly against the branded towers — lower carry, lighter service — and let the location-and-value argument do the work.

Market the outdoor space. Terraces and balconies are the building's differentiator in a corridor short on private outdoor space. Photograph and price the terraced units on that feature.

Use adjacent-building comps. With a modest unit count, your own building's history is too thin to anchor pricing. Hell's Kitchen and Midtown West condominium trades are the right comp set, adjusted for floor, terrace, and layout.

If you're considering 502 Ninth Avenue, also evaluate:

• 505 West 43rd Street — condominium a few blocks north in the same corridor
• 500 West 43rd Street — larger condominium on the same block
• 529 West 42nd Street — full-amenity condominium on the western edge of Hell's Kitchen
• 457 West 57th Street — the amenity-tower alternative at the corridor's northern edge
• 500 West 21st Street — boutique Chelsea condominium, the neighboring-corridor alternative

The Roebling Team at Compass works Hell's Kitchen, Chelsea, and the broader Midtown West condo market as a core practice area. We publish this building profile because boutique-condo buyers and sellers deserve building-specific intelligence — location value, format scarcity, and corridor-level comparables — not generic neighborhood commentary.

If you're considering a transaction at 502 Ninth Avenue, a 30-minute consultation is the right starting point.