The 505

The 505 is a condo located 505 West 47th Street, in Hell's Kitchen, New York. The building was first built in 2008 and is 16 years old. The lot that the building was built on is 100 feet wide and 201 feet long. The official lot area is listed as 20,083 square feet. The building itself is 100 feet wide and 200 feet long. In total, 505 West 47th Street has a total floor area of 73,634 square feet. Of that, 73,634 square feet are used for residential purposes. There are a total of 108 units. Of those, 108 are residential units. There are no commercial units in this building. 505 West 47th Street has a total of 7 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 2 elevators in 505 West 47th Street.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 208 closings on record, of which we have matching data for 53 listings. In the past 3 years, a listing in this building will typically remain on the market for about 128 days and tend to sell below the original asking price of $955,000 by 7.57%. Meaning, listings tend to sell at a median of $1,409 price per square foot. The transaction that took the longest to complete was unit 2GS, listed on Feb 21, 2020 for $1,469,000. This particular unit ultimately sold 367 days later for $1,335,000. The most recent transaction was for unit 6BS, which was first advertised on Apr 22, 2023, sold for $560,000 on Aug 09, 2023. Fun fact, the oldest transaction we have on record took place on Dec 15, 1978. See the full transaction history for The 505 below.

Hell's Kitchen, where 505 West 47th Street is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $955,000. For interested buyers, that means the building's median asking price is around 0.52% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,100,000. It is a 841 sqft 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $845,000. It is a 689 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 3 one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $950,000. Collectively, the median square footage of these active units for sale is 841 sqft. Active units for sale at 505 West 47th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.