447 W 47th St, New York, NY, 10036
About This Home
Fully Stabilized, 100% Free-Market Multifamily Investment - Please request the financials 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. 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. Investment Highlights • 100% Occupied • 100% Free-Market • 10 Residential Units • Stabilized Asset with Strong Rent Roll • Basement Laundry Generating Additional Income • Very Well Maintained with Consistent Upkeep • Located on a Quiet, Tree-Lined Block The property generates an NOI exceeding 6.25% cap rate at the asking price. The rent roll reflects diversified unit types with strong rental demand across the building, including premium layouts with terraces and backyard access. Location & Demand Drivers Situated in the Clinton District of Hell’s Kitchen, the property benefits from: • Immediate proximity to Broadway, Times Square, and Hudson Yards • Access to 9 subway lines within walking distance • Strong neighborhood rental fundamentals • Continuous demand from professionals, medical staff, theater industry employees, and Midtown corporate tenants Hell’s Kitchen continues to experience sustained rental growth supported by major employers, transportation hubs, and the $25B Hudson Yards development nearby. Why This Is a Non-Brainer Investment. 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. For investors seeking: • Immediate income • Low operational friction • Long-term Manhattan appreciation • Limited regulatory exposure 447 West 47th Street delivers across all key underwriting metrics.
Getting Around
Walker's Paradise
Rider's Paradise
Biker's ParadiseSchools
Construction
Condition
- Year built: 1910
Materials
- Roof: Roof Rights
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 13
- Bathrooms: 11
- Full bathrooms: 10
- 1/2 bathrooms: 1
Cooling
- Cooling features: Central Air
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 7,686
- Total interior livable area: 7,686 sqft
Property
Details
- Parcel number: 010570012
- Special condition: Resale
Features
- Patio & porch: Deck,Other,Terrace
- Exterior features: Courtyard,Balcony,Garden,Private Roof Deck,Terrace
- Has view: Yes
- View description: City,Garden
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Cold Wave
- Hurricane
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $31,097 | $373,164 |
| Home Insurance * | $1,020 | $12,240 |
| Property Taxes | $3,638 | $43,656 |
| Electricity | $1,270 | $15,242 |
| Total | $37,025 | $444,300 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-27 | Listed for sale | $6,150,000 |
| 2020-06-12 | Sold | $5,468,235 |
| 2009-06-03 | Sold | $2,500,000 |
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