Property profile

410 W 47Th St New York, NY 10036

FOR SALE
Office buildings
Property ID
US63-1472633
11,035 SF 0.05 ac lot Built 1910
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This stunning, recently renovated (2024) five-story, Class A apartment building at 410 West 47th Street offers five ultra-luxury, five-bedroom, three-bathroom apartments, each approximately 2,000 square feet. The 11,035 square foot building, situated on a 2,259 square foot lot, boasts a coveted 23-foot wide frontage. Each unit features high-end finishes including stainless steel appliances, marble bathrooms, radiant floor heating, and a private elevator. Building amenities include an exercise/yoga room and storage lockers. A Temporary Certificate of Occupancy will be provided upon sale. The building's location in the desirable Hells Kitchen neighborhood provides easy access to numerous subway lines (A, C, E, 1, 2, 3, 7 & S) and bus routes, placing residents within walking distance of major attractions like Hudson Yards, Times Square, Central Park, and the Javits Center. The property is zoned R8 and includes 2,564 square feet of air rights. This is an exceptional opportunity for an owner-user seeking unregulated cash flow or a savvy investor looking for a core investment in a prime Manhattan location. The building is currently vacant with an occupancy date of October 1, 2024. This 1910 building presents a unique blend of vintage industrial aesthetic with modern luxury. The first-floor apartment is a duplex that extends into a portion of the lower level.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1910
Total area 11,035 SF
Lot 0.05 ac (2,259 SF)
Zoning code R8
APN 01056-0038
UPID US63-1472633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility
  • Community Center
  • Gym & Fitness Center
  • Film Production

Location

410 W 47Th St New York, NY 10036
New York metro Census 12700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$2.68M

Owner & transaction history

since 2014
6 recorded transactions
2024
Price N/A
2024
Price N/A
2017
Price N/A
2014
$4.5M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R8 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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