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About the Listing 334 - 73788
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.
Listing Highlights
Interior Details
- Bedrooms: 13
- Bathrooms: 10 Full / 1 Half
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- Other: Building Yes,No,Pets Allowed
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- Garage Capacity: N/A
- Zoning: null
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Financial Details
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- Tax/Property ID: 1057-0012
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Payment Calculator
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447 W 47th St Unit 447W47 New York, NY 10036
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