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Residential Income Property with Private Terrace
For Sale
$554,000

505 W 47th Street 1-FN, New York City, NY 10036

Studio residence with loft-like ceilings, a private terrace, and an in-unit washer/dryer in a 2008-built building.

Days on Market486

Property Features for 505 W 47th Street 1-FN

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix 1 x studio
Multifamily Units 1

Amenities

private terrace
washer/dryer
roof decks
Zen garden
fitness center
live-in resident manager
24-hour doorman

Building Details

Building Size 384 SF
Year Built 2008
Listing Agency: Howard Hanna NYC
Listed By: David Cline
Source: Tricialee
Added: Apr 3, 2025 Changed: Jul 30 Last Checked: Jul 31 at 11:18AM

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 Howard Hanna NYC

Investment Insights

Based on property information with market context.

This residential income property features a studio home with loft-like ceilings and an open, airy layout. The studio includes space for a queen or king-sized bed, a desk, and a dining table, and it has a separate door to a private terrace for outdoor relaxation and city views. The kitchen is described as having marble countertops and appliances including Miele, LG, Bosch, and Fisher & Paykel, and the home also includes a washer/dryer. The spa-like bathroom is described with Zebrano wall tiles, Kohler fixtures, Pegasus waterworks, and Rocky River marble countertop details.

The building amenities include two roof decks with panoramic city views, a Zen garden, a state-of-the-art fitness center, and a dedicated live-in resident manager. A 24-hour doorman is also provided.

Built in 2008, the property is positioned as a versatile option for a primary residence, a pied-à-terre, or as an investment.

Key Highlights

  • Studio unit with loft‑like ceilings and an open layout
  • Private terrace accessed via a separate door
  • Kitchen described with Miele, LG, Bosch, and Fisher & Paykel appliances

Property Analytics

Current Use

505 W 47 ... Condominium Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care Buffet Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

28,628
Businesses Nearby

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

Market

Properties on Market for Residential income properties in New York County

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Frequently Asked Questions

What type of property is this?
Residential income property - Studio residence with loft-like ceilings, a private terrace, and an in-unit washer/dryer in a 2008-built building.
Where is this residential income property located?
The property is located at 505 W 47th Street 1-FN New York City, NY.
What is the asking price?
The asking price for this property is $554,000.
What are key features of this property?
This property features: Studio unit with loft‑like ceilings and an open layout; Private terrace accessed via a separate door; Kitchen described with Miele, LG, Bosch, and Fisher & Paykel appliances
More about this property
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