447 W 47th Street #447W47, New York, NY 10036
Local realty services provided by:CENTURY 21 Awaye Realty
447 W 47th Street #447W47,Manhattan, NY 10036
$6,150,000
- 13 Beds
- 11 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: raphael sitruk
Office: corcoran group
MLS#:RLS20074602
Source:NY_REBNY
Price summary
- Price:$6,150,000
About this home
100% Free-Market Multifamily Investment - Please request the financials<br> An exceptional opportunity to acquire a fully occupied, 10-unit free-market residential building in the heart of Hell's Kitchen. 447 West 47th Street represents a stabilized, income-producing asset with strong in-place cash flow, long-term upside, and institutional-quality fundamentals.<br> The property spans approximately 7,686 square feet and consists of ten thoughtfully configured residences, including a mix of one-, two-, and three-bedroom layouts. Select units feature private outdoor space, enhancing tenant retention and rental appeal. The building has been consistently maintained and professionally operated, resulting in stable occupancy and reliable performance.<br> Investment Highlights<br> 100% Occupied<br> 100% Free-Market<br> 10 Residential Units<br> Stabilized Asset with Strong Rent Roll<br> Basement Laundry Generating Additional Income<br> Very Well Maintained with Consistent Upkeep<br> Located on a Quiet, Tree-Lined Block<br> The property generates an NOI exceeding 6.25% cap rate at the asking price.<br> The rent roll reflects diversified unit types with strong rental demand across the building, including premium layouts with terraces and backyard access.<br> Location & Demand Drivers<br> Situated in the Clinton District of Hell's Kitchen, the property benefits from:<br> Immediate proximity to Broadway, Times Square, and Hudson Yards<br> Access to 9 subway lines within walking distance<br> Strong neighborhood rental fundamentals<br> Continuous demand from professionals, medical staff, theater industry employees, and Midtown corporate tenants<br> Hell's Kitchen continues to experience sustained rental growth supported by major employers, transportation hubs, and the $25B Hudson Yards development nearby.<br> Why This Is a Non-Brainer Investment.<br> This is not a value-add gamble. It is a stabilized, cash-flowing Manhattan multifamily asset in a prime location, fully free-market, with documented income, professional management assumptions, and clear pro forma upside.<br> For investors seeking:<br> Immediate income<br> Low operational friction<br> Long-term Manhattan appreciation<br> Limited regulatory exposure<br> 447 West 47th Street delivers across all key underwriting metrics.<br>
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Home facts
- Year built:1910
- Listing ID #:RLS20074602
- Added:1 day(s) ago
- Updated:March 03, 2026 at 05:01 PM
Rooms and interior
- Bedrooms:13
- Total bathrooms:11
- Full bathrooms:10
- Half bathrooms:1
- Rooms Total:30
- Basement:Yes
Structure and exterior
- Year built:1910
Finances and disclosures
- Price:$6,150,000
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