$ 6,150,000
Active
Status
30
Rooms
13
Bedrooms
10.5
Bathrooms
$ 6,234
Real Estate Taxes
[Monthly]
Description
100% Free-Market Multifamily Investment - Please request the financials
An exceptional opportunity to acquire a fully occupied, 10-unit free-market residential building in the heart of Hell's Kitchen. 447 West 47th Street represents a stabilized, income-producing asset with strong in-place cash flow, long-term upside, and institutional-quality fundamentals.
The property spans approximately 7,686 square feet and consists of ten thoughtfully configured residences, including a mix of one-, two-, and three-bedroom layouts. Select units feature private outdoor space, enhancing tenant retention and rental appeal. The building has been consistently maintained and professionally operated, resulting in stable occupancy and reliable performance.
Investment Highlights
100% Occupied
100% Free-Market
10 Residential Units
Stabilized Asset with Strong Rent Roll
Basement Laundry Generating Additional Income
Very Well Maintained with Consistent Upkeep
Located on a Quiet, Tree-Lined Block
The property generates an NOI exceeding 6.25% cap rate at the asking price.
The rent roll reflects diversified unit types with strong rental demand across the building, including premium layouts with terraces and backyard access.
Location & Demand Drivers
Situated in the Clinton District of Hell's Kitchen, the property benefits from:
Immediate proximity to Broadway, Times Square, and Hudson Yards
Access to 9 subway lines within walking distance
Strong neighborhood rental fundamentals
Continuous demand from professionals, medical staff, theater industry employees, and Midtown corporate tenants
Hell's Kitchen continues to experience sustained rental growth supported by major employers, transportation hubs, and the $25B Hudson Yards development nearby.
Why This Is a Non-Brainer Investment.
This is not a value-add gamble. It is a stabilized, cash-flowing Manhattan multifamily asset in a prime location, fully free-market, with documented income, professional management assumptions, and clear pro forma upside.
For investors seeking:
Immediate income
Low operational friction
Long-term Manhattan appreciation
Limited regulatory exposure
447 West 47th Street delivers across all key underwriting metrics.
An exceptional opportunity to acquire a fully occupied, 10-unit free-market residential building in the heart of Hell's Kitchen. 447 West 47th Street represents a stabilized, income-producing asset with strong in-place cash flow, long-term upside, and institutional-quality fundamentals.
The property spans approximately 7,686 square feet and consists of ten thoughtfully configured residences, including a mix of one-, two-, and three-bedroom layouts. Select units feature private outdoor space, enhancing tenant retention and rental appeal. The building has been consistently maintained and professionally operated, resulting in stable occupancy and reliable performance.
Investment Highlights
100% Occupied
100% Free-Market
10 Residential Units
Stabilized Asset with Strong Rent Roll
Basement Laundry Generating Additional Income
Very Well Maintained with Consistent Upkeep
Located on a Quiet, Tree-Lined Block
The property generates an NOI exceeding 6.25% cap rate at the asking price.
The rent roll reflects diversified unit types with strong rental demand across the building, including premium layouts with terraces and backyard access.
Location & Demand Drivers
Situated in the Clinton District of Hell's Kitchen, the property benefits from:
Immediate proximity to Broadway, Times Square, and Hudson Yards
Access to 9 subway lines within walking distance
Strong neighborhood rental fundamentals
Continuous demand from professionals, medical staff, theater industry employees, and Midtown corporate tenants
Hell's Kitchen continues to experience sustained rental growth supported by major employers, transportation hubs, and the $25B Hudson Yards development nearby.
Why This Is a Non-Brainer Investment.
This is not a value-add gamble. It is a stabilized, cash-flowing Manhattan multifamily asset in a prime location, fully free-market, with documented income, professional management assumptions, and clear pro forma upside.
For investors seeking:
Immediate income
Low operational friction
Long-term Manhattan appreciation
Limited regulatory exposure
447 West 47th Street delivers across all key underwriting metrics.
100% Free-Market Multifamily Investment - Please request the financials
An exceptional opportunity to acquire a fully occupied, 10-unit free-market residential building in the heart of Hell's Kitchen. 447 West 47th Street represents a stabilized, income-producing asset with strong in-place cash flow, long-term upside, and institutional-quality fundamentals.
The property spans approximately 7,686 square feet and consists of ten thoughtfully configured residences, including a mix of one-, two-, and three-bedroom layouts. Select units feature private outdoor space, enhancing tenant retention and rental appeal. The building has been consistently maintained and professionally operated, resulting in stable occupancy and reliable performance.
Investment Highlights
100% Occupied
100% Free-Market
10 Residential Units
Stabilized Asset with Strong Rent Roll
Basement Laundry Generating Additional Income
Very Well Maintained with Consistent Upkeep
Located on a Quiet, Tree-Lined Block
The property generates an NOI exceeding 6.25% cap rate at the asking price.
The rent roll reflects diversified unit types with strong rental demand across the building, including premium layouts with terraces and backyard access.
Location & Demand Drivers
Situated in the Clinton District of Hell's Kitchen, the property benefits from:
Immediate proximity to Broadway, Times Square, and Hudson Yards
Access to 9 subway lines within walking distance
Strong neighborhood rental fundamentals
Continuous demand from professionals, medical staff, theater industry employees, and Midtown corporate tenants
Hell's Kitchen continues to experience sustained rental growth supported by major employers, transportation hubs, and the $25B Hudson Yards development nearby.
Why This Is a Non-Brainer Investment.
This is not a value-add gamble. It is a stabilized, cash-flowing Manhattan multifamily asset in a prime location, fully free-market, with documented income, professional management assumptions, and clear pro forma upside.
For investors seeking:
Immediate income
Low operational friction
Long-term Manhattan appreciation
Limited regulatory exposure
447 West 47th Street delivers across all key underwriting metrics.
An exceptional opportunity to acquire a fully occupied, 10-unit free-market residential building in the heart of Hell's Kitchen. 447 West 47th Street represents a stabilized, income-producing asset with strong in-place cash flow, long-term upside, and institutional-quality fundamentals.
The property spans approximately 7,686 square feet and consists of ten thoughtfully configured residences, including a mix of one-, two-, and three-bedroom layouts. Select units feature private outdoor space, enhancing tenant retention and rental appeal. The building has been consistently maintained and professionally operated, resulting in stable occupancy and reliable performance.
Investment Highlights
100% Occupied
100% Free-Market
10 Residential Units
Stabilized Asset with Strong Rent Roll
Basement Laundry Generating Additional Income
Very Well Maintained with Consistent Upkeep
Located on a Quiet, Tree-Lined Block
The property generates an NOI exceeding 6.25% cap rate at the asking price.
The rent roll reflects diversified unit types with strong rental demand across the building, including premium layouts with terraces and backyard access.
Location & Demand Drivers
Situated in the Clinton District of Hell's Kitchen, the property benefits from:
Immediate proximity to Broadway, Times Square, and Hudson Yards
Access to 9 subway lines within walking distance
Strong neighborhood rental fundamentals
Continuous demand from professionals, medical staff, theater industry employees, and Midtown corporate tenants
Hell's Kitchen continues to experience sustained rental growth supported by major employers, transportation hubs, and the $25B Hudson Yards development nearby.
Why This Is a Non-Brainer Investment.
This is not a value-add gamble. It is a stabilized, cash-flowing Manhattan multifamily asset in a prime location, fully free-market, with documented income, professional management assumptions, and clear pro forma upside.
For investors seeking:
Immediate income
Low operational friction
Long-term Manhattan appreciation
Limited regulatory exposure
447 West 47th Street delivers across all key underwriting metrics.
Listing Courtesy of Corcoran Group
Features
A/C
Building Details
Income Property
Ownership
Low-Rise
Building Type
Voice Intercom
Service Level
Walk-up
Access
1057/12
Block/Lot
19'x100'
Lot Size
Pre-War
Age
1910
Year Built
5/10
Floors/Apts
Building Amenities
Laundry Room
Non-Smoking Building
Contact
Chad Kessler
License
Licensed As: Chad Kessler
Licensed Associate Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
©2026 REBNY Listing Service, Inc. All rights reserved.
All information is intended only for the Registrant’s personal, non-commercial use.
RLS Data display by New Millennium Real Estate Corp..
Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 26983TH
