by RH Advisors

Check Availability
$575,000
Co-op - For Sale

316 W 47TH Street #1FW

Manhattan, NY 10036
bedrooms
1 Bed
bathrooms
1 Bath
square feet
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.
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
Co-op
1 Bed
1 Bath
755 ft²
$748/ft²
$565,000 Aug 1, 2023
-
$815/mo
Co-op
1 Bed
1 Bath
800 ft²
$624/ft²
$499,000 Jan 30, 2024
-
$700/mo
Condo
1 Bed
1 Bath
546 ft²
$1,154/ft²
$630,000 Mar 20, 2024
-
$1,265/mo
Condo
Stu
-
475 ft²
$1,295/ft²
$615,000 Mar 14, 2024
-
$1,513/mo
Co-op
1 Bed
1 Bath
436 ft²
$1,089/ft²
$475,000 Jan 12, 2022
-
$438/mo
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
More about this Building
316 West 47th Street
Want to find out who owns 316 West 47th Street, New York, NY 10036? Get detailed property transactions here .

About Midtown Manhattan


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