Two-Bedroom Residential Income
436 W 47TH Street 1B, Manhattan, NY 10036
For Sale
$895,000
Pending
Floor-through apartment with two full bathrooms, a private backyard, pre-war character, and a flexible home-office option.
Property Size1,050 SF
Days on Market66
Property Features for 436 W 47TH Street 1B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
private garden
bike storage
storage units
full-time super
pet-friendly
in-unit laundry
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Siim M Hanja · License NY 30HA0955568
(917) 743-6786
Source:
Bondnyre
Added: Sep 5
Changed: Nov 9
Last Checked: Nov 8 at 4:31PM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
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This floor-through two-bedroom apartment includes two full bathrooms and a split-bedroom arrangement. The front primary suite has an en-suite bath and walk-in closet, while the rear bedroom or home office faces south and includes a laundry closet. Interior details include high ceilings, refinished hardwood floors, decorative fireplaces, exposed brick, and a living room with direct backyard access.
The central kitchen is equipped with stainless steel appliances, granite countertops, and substantial cabinet storage. A second bath includes a deep soaking tub. The residence is part of a well-maintained, pet-friendly co-op comprising two buildings and 20 units, with bike storage, individual storage units, and a full-time superintendent. The property is located between 9th and 10th Avenues in Hell’s Kitchen, near restaurants, bars, shopping, the Theatre District, Times Square, the Hudson River, and public transportation.
The central kitchen is equipped with stainless steel appliances, granite countertops, and substantial cabinet storage. A second bath includes a deep soaking tub. The residence is part of a well-maintained, pet-friendly co-op comprising two buildings and 20 units, with bike storage, individual storage units, and a full-time superintendent. The property is located between 9th and 10th Avenues in Hell’s Kitchen, near restaurants, bars, shopping, the Theatre District, Times Square, the Hudson River, and public transportation.
Key Highlights
- Two‑bedroom floor‑through apartment with two full bathrooms
- Private backyard accessed directly from the living room
- Primary bedroom includes en‑suite bath and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,852
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,040
$657.0K
Cap Rate 7%
$469,314
$469.3K
Cap Rate 9%
$365,022
$365.0K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$62.9K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$59.7K $56.89/SF
− OpEx
−$26.9K −$25.60/SF
NOI
$32.9K $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%
$657,040
Cap Rate 7%
$469,314
Cap Rate 9%
$365,022
Alternative Uses
Best Use
Apartment 5plus
$469.3K
$410.7K – $547.5K
NOI $32,852 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$734.1K
$642.3K – $856.4K
NOI $51,385 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
28,628
Businesses Nearby
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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
$988,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Floor-through apartment with two full bathrooms, a private backyard, pre-war character, and a flexible home-office option.
Where is this residential income property located?
The property is located at 436 W 47TH Street 1B Manhattan, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑bedroom floor‑through apartment with two full bathrooms; Private backyard accessed directly from the living room; Primary bedroom includes en‑suite bath and walk‑in closet
