1 /
10
Floor Plans
Map
$575,000
●
Co-op -
For Sale
316 W 47TH Street #1FW
Manhattan, NY 10036
1 Bed
1 Bath
709 Sqft
$3,472
Estimated Monthly
$648
HOA / Fees
7.51%
Cap Rate
About This Property
Large duplex 1 Bedroom with bonus office/den with laundry room on
floor!
Located in the heart of the Theater District on a charming tree-lined street, this high first floor
home offers lots of extras. Entering the parlor level you will find a 26' living/dining room
boasting extra high 8'10" ceilings, custom cabinetry, strip hardwood floors, and baseboard
heating. The updated open kitchen showcases an elegant black and white palette with new
appliances and gorgeous black quartz countertops.
The dramatic steel staircase brings you upstairs to the second floor, where you'll find the
private 10x11 bedroom, a separate 19' long den plenty big enough for guests, a lovely blonde
wood home office with built in desk and storage, plus a classically styled black and white
windowed bathroom. There is even an ultra-convenient washer/dryer available on the building's
2nd floor that's easily accessible from your upper level!
To top it all off, the monthly maintenance is only $648. This is a great opportunity for the
qualified buyer to finally own in the heart of New York City.
BUILDING NOTES:
316 West 47th Street is a charming 5 story, 12 unit building originally built in 1920. It
was COMPLETELY gut-renovated in 2003 when converted to co-op, and features new
windows, all new plumbing and heating, plus in-unit sprinkler systems. Best of all - this debt
free building has INCREDIBLY low maintenance, making homes here extra-affordable.
316 West 47th Street was rebuilt as part of the city's HDFC co-operative ownership program.
Under 2023 guidelines, here are allowable maximum buyer incomes:
Single Person Household: $118,680
Two Person Household: $135,600
Three Person Household: $152,520
Four Person Household: $169,440
The co-op is for Primary Residence only. It is a smoke-free building. Sorry, no pets permitted.
Note that till the building comes off initial HDFC restrictions in 2033, there is a required flip tax
by seller of 30% of profit.
Located in the heart of the Theater District on a charming tree-lined street, this high first floor
home offers lots of extras. Entering the parlor level you will find a 26' living/dining room
boasting extra high 8'10" ceilings, custom cabinetry, strip hardwood floors, and baseboard
heating. The updated open kitchen showcases an elegant black and white palette with new
appliances and gorgeous black quartz countertops.
The dramatic steel staircase brings you upstairs to the second floor, where you'll find the
private 10x11 bedroom, a separate 19' long den plenty big enough for guests, a lovely blonde
wood home office with built in desk and storage, plus a classically styled black and white
windowed bathroom. There is even an ultra-convenient washer/dryer available on the building's
2nd floor that's easily accessible from your upper level!
To top it all off, the monthly maintenance is only $648. This is a great opportunity for the
qualified buyer to finally own in the heart of New York City.
BUILDING NOTES:
316 West 47th Street is a charming 5 story, 12 unit building originally built in 1920. It
was COMPLETELY gut-renovated in 2003 when converted to co-op, and features new
windows, all new plumbing and heating, plus in-unit sprinkler systems. Best of all - this debt
free building has INCREDIBLY low maintenance, making homes here extra-affordable.
316 West 47th Street was rebuilt as part of the city's HDFC co-operative ownership program.
Under 2023 guidelines, here are allowable maximum buyer incomes:
Single Person Household: $118,680
Two Person Household: $135,600
Three Person Household: $152,520
Four Person Household: $169,440
The co-op is for Primary Residence only. It is a smoke-free building. Sorry, no pets permitted.
Note that till the building comes off initial HDFC restrictions in 2033, there is a required flip tax
by seller of 30% of profit.
Unit Size
709Ft²
Days on Market
32 days
Land Size
-
Price per sqft
$811
Property Type
Co-op
Property Taxes
-
HOA Dues
$648
Year Built
1920
Listed By
Last updated: 6 days ago (RLS #RPLU-440222928087)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 26, 2024 | Listed by Olshan Realty Inc | $575,000 | |
Listed by Olshan Realty Inc |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 1
Bathroom Information
Full Bathrooms: 1
Interior Information
Living Area: 709
Room Information
Laundry Features: Building None, Washer Hookup
Rooms: 4
Basement Information
Exterior Details
Building Information
Outdoor Living Structures: None
Pets Allowed: Building No, No
Land Information
Tax Lot: 0043
Tax Block: 01037
Utilities Details
Cooling Type: Other
Location Details
Subdivision Name: Hells Kitchen
Stories Total: 5
View: Other
Association Fee: $648
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Co-op
1
Bed
1
Bath
800 ft²
$750/ft²
$600,000
Apr 22, 2015
-
Feb 5, 2021
$700/mo
Co-op
1
Bed
1
Bath
650 ft²
$769/ft²
$499,999
Mar 13, 2012
$499,999
Nov 29, 2012
$668/mo
Co-op
1
Bed
1
Bath
500 ft²
$1,170/ft²
$585,000
Jul 13, 2017
$585,000
Oct 30, 2017
$1,038/mo
Co-op
1
Bed
1
Bath
500 ft²
$960/ft²
$480,000
Sep 19, 2018
$480,000
Jul 23, 2020
$857/mo
Co-op
1
Bed
1
Bath
450 ft²
$1,078/ft²
$485,000
Mar 13, 2015
$485,000
Jun 29, 2015
$1,008/mo
Co-op
2
Beds
1
Bath
720 ft²
$674/ft²
$485,000
Dec 28, 2018
$485,000
May 23, 2019
$823/mo
In Contract
Co-op
1
Bed
1
Bath
755 ft²
$748/ft²
$565,000
Aug 1, 2023
-
$815/mo
Active
Condo
1
Bed
1
Bath
546 ft²
$1,154/ft²
$630,000
Mar 20, 2024
-
$1,265/mo
In Contract
Co-op
1
Bed
1
Bath
436 ft²
$1,089/ft²
$475,000
Jan 12, 2022
-
$438/mo
Active
Condo
Stu
1
Bath
525 ft²
$1,291/ft²
$678,000
Mar 18, 2024
-
$867/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
316 West 47th Street
316 West 47th Street, New York, NY 10036
- 12 Units
- 1 Unit for Sale
About Midtown Manhattan
Similar Homes for Sale
Open House: 1PM - 4PM, Tue Apr 23
$678,000
- Studio
- 1 Bath
- 525 ft²
Open House: 9AM - 6PM, Tue Apr 23
$615,000
- Studio
- 475 ft²