--- title: "351 West 47th Street, New York City, NY 10036" description: "351 West 47th Street, New York City, NY 10036 — Multi Family Home in Hell's Kitchen, Manhattan, NY. Listing Price $3,995,000. 18 bed, 10 bath, 8,165 sqft Illustrative Buyer Commission Share of $59,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/351-west-47th-street-ny-10036" source: "Real Estate Rebate Team" status: "Active" --- # 351 West 47th Street, New York City, NY 10036 Multi Family Home in Hell's Kitchen, Manhattan, NY Courtesy of Platinum Forbes Global Properties ## At a Glance - **Listing Price**: $3,995,000 - **Beds**: 18 - **Baths**: 10 - **Sqft**: 8,165 - **Monthly Taxes**: $4,617 / mo - **Price per Sqft**: $489 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,995,000 - **Illustrative Buyer Commission Share**: -$59,925* - **Illustrative Net Cost**: $3,935,075 *Illustrative Buyer Savings of $59,925 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![351 West 47th Street, New York City, NY 10036 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/adf4020b-00f5-436b-8645-25f1d1552c1a.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ed796936-8e9c-4b5d-953c-3675add45a40.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ec414b5b-124f-4e79-bf6c-04ba48d38417.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4b8d8f4d-dd7c-4d52-8126-662a172bf801.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f6a89c58-db3a-4532-9aaf-43e498e42e2c.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/348d4670-dcb3-4e1d-b9f3-ecafdc4312c8.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dc631a31-0a85-42df-bd82-a431f6aa8d23.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7868ab81-936f-4d8e-a21f-46e0f5e69408.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d0ef24a3-2bfc-49bc-a10a-fd3256945c82.jpg) ![351 West 47th Street, New York City, NY 10036 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f54bbc91-2667-400e-acb0-7010dd2cc291.jpg) ## Property Overview 351 West 47th Street in Midtown West, Manhattan. A rare, turnkey value-add opportunity with all major capital improvements already complete. Strong in-place NOI delivers an immediate return on investment, with one vacant unit poised to increase income by almost a third upon lease-up. The coveted Tax Class 2B designation further positions this asset for meaningful long-term appreciation as Manhattan's rental market continues its upward trajectory. Extensive mechanical upgrades have been completed across two years, significantly reducing short-term capital expenditure requirements: 2026 Improvements Complete basement renovation Onsite laundry facilities 30-amp electrical breaker upgrade Superintendent's office New hallway flooring and freshly painted common areas Prior Improvements New boiler and intercom system (2024) Full heating system conversion to natural gas with new gas line (2024) Electrical service upgrade (2024) New gas meter bank (2023) Roof replacement (2022) Cornice and facade restoration (2023) Verizon Fios fiber installation (2023) Upgraded hallway and emergency lighting (2023) Two new water heaters (2023, 2021) New service doors throughout - main entrance, vestibule, roof access, and both basement points Situated in the heart of Midtown West, 351 West 47th offers convenient access to multiple subway lines, major employment centers, Ninth Avenue's dining corridor, Broadway theaters, and Hudson River Park. The location supports strong rental demand and long-term asset performance. Classic New York architecture meets modernized interiors, creating an appealing product with strong long-term lessee retention. The vacant unit also presents an owner-occupancy option, with the remaining units generating income sufficient to support carrying costs. This is a clean, well-capitalized asset in a supply-constrained submarket - condition, location, and upside in a one offering. ## Property Details - **Property Type**: Multi Family - **Beds**: 18 - **Baths**: 10 - **Rooms**: 39 - **Sqft**: 8,165 sqft - **Stories**: 1 - **Year Built**: 1920 - **Price per Sqft**: $489 - **Monthly Taxes**: $4,617 / mo - **Listed On**: Jun 23, 2026 - **Days on Market**: 82 Days ### Residence Features - Building Other - Smoke Free ## Property Tax History Taxes at 351 West 47th Street were $55,673 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $2,100,150 | $380,250 | $1,719,900 | $445,384 | $55,673 | 12.5% (estimated) | | 2025 (FY 2025/26) | $1,750,050 | $380,250 | $1,369,800 | $445,371 | $55,671 | 12.5% (estimated) | | 2024 (FY 2024/25) | $1,667,250 | $380,250 | $1,287,000 | $431,503 | $53,938 | 12.5% | | 2023 (FY 2023/24) | $1,649,700 | $380,250 | $1,269,450 | $399,563 | $49,953 | 12.502% | | 2022 (FY 2022/23) | $2,062,350 | $380,250 | $1,682,100 | $370,009 | $45,389 | 12.267% | | 2021 (FY 2021/22) | $2,265,750 | $380,250 | $1,885,500 | $342,603 | $41,917 | 12.235% | | 2020 (FY 2020/21) | $2,632,050 | $380,250 | $2,251,800 | $342,593 | $42,026 | 12.267% | | 2019 (FY 2019/20) | $2,444,850 | $380,250 | $2,064,600 | $331,925 | $41,401 | 12.473% | | 2018 (FY 2018/19) | $307,356 | — | — | $307,356 | $38,764 | 12.612% | | 2017 (FY 2017/18) | $284,622 | — | — | $284,622 | $36,201 | 12.719% | | 2016 (FY 2016/17) | $263,541 | — | — | $263,541 | $33,976 | 12.892% | | 2015 (FY 2015/16) | $263,533 | — | — | $263,533 | $33,951 | 12.883% | | 2014 (FY 2014/15) | $255,327 | — | — | $255,327 | $32,822 | 12.855% | | 2013 (FY 2013/14) | $236,428 | — | — | $236,428 | $31,078 | 13.145% | | 2012 (FY 2012/13) | $218,940 | — | — | $218,940 | $28,858 | 13.181% | | 2011 (FY 2011/12) | $202,724 | — | — | $202,724 | $27,232 | 13.433% | | 2010 (FY 2010/11) | $202,718 | — | — | $202,718 | $27,069 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1010380007. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 351 West 47th Street 351 West 47th Street, New York, NY 10036 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1920 - **Total Units**: 1 - **Floors**: 1 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/351-west-47th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/351-west-47th-street-ny-10036) | 18 | 10 | 8,165 sqft | $489 | $3,995,000 | Platinum Forbes Global Properties | Jun 23, 2026 | 81 days | ## Estimated Monthly Payment **$24,818 / month**, assuming a 20% down payment ($799,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $20,201 - **Property Taxes**: $4,617 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Hell's Kitchen Restaurant Row & Nightlife [Explore Hell's Kitchen](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hell-s-kitchen) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Hell's Kitchen - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) ## Related Links - [351 West 47TH Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/351-west-47th-street) - [Hell's Kitchen neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hell-s-kitchen) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.