Renovated Five-Residence Apartment
For Sale
$12,500,000
410 W 47th St, New York, NY 10036
Five full-floor homes offer contemporary finishes, private elevator access, and professionally managed building operations.
Property Size13,020 SF
Lot Size0.05 Acres
Price / SF$960.06
Days on Market49
Property Features for 410 W 47th St
General Information
Standard status
Active
Size
13,020 SF
Elevators
Yes
Lot size
0.05 Acres
Property subtype
Commercial
Units
Unit Mix
1 x 1BR/1BA + 2 half baths, 1 x 2BR/2.5BA, 1 x 2BR/3BA, 1 x 4BR/3BA, 1 x 5BR/3BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$110,220
Amenities
virtual doorman
central air conditioning
in-unit washer/dryer
radiant heated floors
Building Details
Year Built
1910
Buildings
1
Stories
5
Units
1
Listing Agency:
Sothebys International Realty
Listed By:
Kristi Ambrosetti (kristi.ambrosetti@sothebys.realty)
Source:
Edifyny
Added: Aug 21
Changed: Sep 9
Last Checked: Oct 7 at 11:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sothebys International Realty
Investment Insights
Based on property information with market context.
This five-story multifamily townhouse contains five full-floor residences following a full gut renovation. The building encompasses 10,850 interior square feet across the finished floors plus a 2,170-square-foot finished basement. Residential interiors include wide-plank flooring, exposed brick, central A/C, recessed lighting, stainless-steel kitchen appliances, stone countertops, and in-unit washer/dryers. Unit layouts range from a one-bedroom duplex to homes with two, four, and up to five bedrooms. Several residences include marble en-suite bathrooms, while the duplex adds an 11-foot ceiling height and lower-level lounge space.
Building infrastructure includes a keyed elevator with private landings, a renovated basement with mechanical rooms, storage, an elevator room, and an office/storage suite with powder room. A virtual doorman system supports package management, and professional property management is already in place. Constructed in 1910, the property is located at 410 West 47th Street in Hell’s Kitchen, near restaurants, Target, Food Emporium, and multiple transportation options.
Building infrastructure includes a keyed elevator with private landings, a renovated basement with mechanical rooms, storage, an elevator room, and an office/storage suite with powder room. A virtual doorman system supports package management, and professional property management is already in place. Constructed in 1910, the property is located at 410 West 47th Street in Hell’s Kitchen, near restaurants, Target, Food Emporium, and multiple transportation options.
Key Highlights
- 13,020 SF total: 10,850 SF of finished floors plus a 2,170 SF finished basement
- Five‑story building with five full‑floor residences
- Full gut renovation completed throughout, including central A/C and in‑unit washer/dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$407,361
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,147,220
$8.1M
Cap Rate 7%
$5,819,443
$5.8M
Cap Rate 9%
$4,526,233
$4.5M
Market Conditions
NOI Build-Up for 13,020 SF
Gross rent
$779.6K $59.88/SF
− Vacancy
−$39.0K −$2.99/SF
EGI
$740.7K $56.89/SF
− OpEx
−$333.3K −$25.60/SF
NOI
$407.4K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,147,220
Cap Rate 7%
$5,819,443
Cap Rate 9%
$4,526,233
Alternative Uses
Best Use
Apartment 5plus
$5.82M
$5.09M – $6.79M
NOI $407,361 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.41M
$28.36M – $37.81M
NOI $2,268,605 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
42,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five full-floor homes offer contemporary finishes, private elevator access, and professionally managed building operations.
Where is this apartment building located?
The property is located at 410 W 47th St New York, NY.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 13,020 SF total: 10,850 SF of finished floors plus a 2,170 SF finished basement; Five‑story building with five full‑floor residences; Full gut renovation completed throughout, including central A/C and in‑unit washer/dryers
