--- title: "351 West 47TH Street, New York, NY 10036" description: "351 West 47TH Street, New York, NY 10036 — NYC real estate listing on Real Estate Rebate Team. Priced at $3,995,000. Est. potential buyer savings up to $99,875 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/351-west-47th-street-ny-10036" source: "Real Estate Rebate Team" --- # 351 West 47TH Street, New York, NY 10036 > **Listing Courtesy of:** Platinum Forbes Global Properties ## Description 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 - **Price**: $3,995,000 - **Potential Buyer Rebate**: $99,875 - **Bedrooms**: 18 - **Bathrooms**: 10 - **Living Area**: 8,165 sqft - **Property Type**: Residential - **Year Built**: 1920 - **Building**: 351 West 47TH Street - **Neighbourhood**: Hell's Kitchen - **Area / Borough**: Manhattan - **Subdivision**: Hell's Kitchen - **Listing Office**: Platinum Forbes Global Properties - **State**: NY ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$99,875** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/351-west-47th-street) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/hell-s-kitchen) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > 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.