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Tenant-Occupied Residential Property
For Sale
$600,000

505 W 47th Street 2BS, New York City, NY 10036

Studio residence with contemporary finishes, in-unit laundry, and access to extensive condominium amenities.

Property Size423 SF
Price / SF$1,418
Days on Market399

Property Features for 505 W 47th Street 2BS

General Information

Standard status Active
Size 423 SF
Property subtype Apartment
Occupancy 100%

Units

Unit Mix 1 x studio
Multifamily Units 1

Additional Details

HOA Fee $66
Public Transit Yes

Taxes and HOA fees

Annual Taxes $6,660

Amenities

glass-enclosed fitness center
two landscaped rooftop gardens
tranquil Zen courtyard
bike storage
laundry facilities
24-hour doorman and concierge
live-in superintendent
in-unit washer/dryer

Building Details

Building Size 423 SF
Year Built 2008
Tenancy Single
Listing Agency: Compass
Listed By: Nasya Bat Boudreau
Source: Carytamura
Added: Aug 22, 2025 Changed: Sep 23 Last Checked: Sep 22 at 6:04PM

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 Compass

Investment Insights

Based on property information with market context.

This residential income property is a south-facing studio at 505 W 47th Street with oversized windows, bamboo flooring, and open city views. The kitchen includes marble countertops and Miele and LG appliances, while the bathroom features Zebrano wall tiles, a Rocky River marble sink, Kohler fixtures, and a rain showerhead. An in-unit washer and dryer add practical convenience, and the residence is reported to have a tenant in place for 2 years.

Built in 2008, 505 Condominium provides a glass-enclosed fitness center, two landscaped rooftop gardens, a Zen courtyard, bike storage, laundry facilities, a 24-hour doorman and concierge, and a live-in superintendent. The property is near subway lines A, C, E, 1, N, R, and W, along with dining, nightlife, and entertainment in Hell's Kitchen.

Key Highlights

  • Tenant in place for 2 years
  • South‑facing studio with oversized windows and open city views
  • Miele and LG kitchen appliances with marble countertops

Property Analytics

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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
100%
Occupancy
Single-tenant
Tenancy

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
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Frequently Asked Questions

What type of property is this?
Residential income property - Studio residence with contemporary finishes, in-unit laundry, and access to extensive condominium amenities.
Where is this residential income property located?
The property is located at 505 W 47th Street 2BS New York City, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Tenant in place for 2 years; South‑facing studio with oversized windows and open city views; Miele and LG kitchen appliances with marble countertops
More about this property
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