---
title: "367 West 48th Street, New York City, NY 10036"
description: "367 West 48th Street, New York City, NY 10036 — Multi Family Home in Hell's Kitchen, Manhattan, NY. Listing Price $3,499,000. 12 bed, 12 bath, 5,700 sqft Illustrative Buyer Commission Share of $52,485 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/367-west-48th-street-ny-10036"
source: "Real Estate Rebate Team"
status: "Active"
---

# 367 West 48th Street, New York City, NY 10036

Multi Family Home in Hell's Kitchen, Manhattan, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $3,499,000
- **Beds**: 12
- **Baths**: 12
- **Sqft**: 5,700
- **Monthly Taxes**: $6,187 / mo
- **Price per Sqft**: $614
- **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**: $3,499,000
- **Illustrative Buyer Commission Share**: -$52,485*
- **Illustrative Net Cost**: $3,446,515

*Illustrative Buyer Savings of $52,485 — 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 (1)

![367 West 48th Street, New York City, NY 10036 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/57c0a972-bb90-4bf7-9053-239c00febef9.jpg)

## Property Overview

We are pleased to offer the sale of 367 West 48th Street. This well-maintained building features seven (7) free-market apartments and is fully leased, with long-term management in place.

The property presents multiple value-add opportunities, including potential for an owner-occupant with live-in income, as well as rental upside across the existing units.

Conveniently located near major transportation, retail, and neighborhood amenities, this is a strong investment opportunity with flexible use potential.

For more information or to view the offering memorandum, please reach out.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 12
- **Baths**: 12
- **Rooms**: 19
- **Sqft**: 5,700 sqft
- **Stories**: 5
- **Year Built**: 1920
- **Price per Sqft**: $614
- **Monthly Taxes**: $6,187 / mo
- **Listed On**: Mar 19, 2026
- **Days on Market**: 177 Days

### Residence Features

- See Remarks
- Building Roof Deck
- Dishwasher
- Gas Cooktop
- Gas Oven
- Stainless Steel Appliance(s)

## Price and Property History for 367 West 48th Street

Review the recorded listing activity for 367 West 48th Street, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $500,000, or 12.5%, on July 6, 2026
- **Originally listed**: February 11, 2026 at $4,500,000
- **Current asking price**: $3,499,000

| Date | Price | Listing event |
| --- | --- | --- |
| July 6, 2026 | $3,499,000 | Asking price reduced by $500,000, or 12.5% |
| February 11, 2026 | $4,500,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 367 West 48th Street were $74,609 in 2026, up 3.2% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $2,001,150 | $266,850 | $1,734,300 | $596,868 | $74,609 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $1,828,800 | $266,850 | $1,561,950 | $578,365 | $72,296 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $1,524,150 | $266,850 | $1,257,300 | $535,523 | $66,940 | 12.5% |
| 2023 (FY 2023/24) | $1,415,700 | $266,850 | $1,148,850 | $495,858 | $61,992 | 12.502% |
| 2022 (FY 2022/23) | $1,628,100 | $266,850 | $1,361,250 | $459,129 | $56,321 | 12.267% |
| 2021 (FY 2021/22) | $1,581,750 | $266,850 | $1,314,900 | $459,129 | $56,174 | 12.235% |
| 2020 (FY 2020/21) | $1,661,850 | $266,850 | $1,395,000 | $444,896 | $54,575 | 12.267% |
| 2019 (FY 2019/20) | $1,706,400 | $266,850 | $1,439,550 | $411,941 | $51,381 | 12.473% |
| 2018 (FY 2018/19) | $381,429 | — | — | $381,429 | $48,106 | 12.612% |
| 2017 (FY 2017/18) | $353,176 | — | — | $353,176 | $44,920 | 12.719% |
| 2016 (FY 2016/17) | $353,176 | — | — | $353,176 | $45,531 | 12.892% |
| 2015 (FY 2015/16) | $342,228 | — | — | $342,228 | $44,089 | 12.883% |
| 2014 (FY 2014/15) | $316,878 | — | — | $316,878 | $40,735 | 12.855% |
| 2013 (FY 2013/14) | $293,407 | — | — | $293,407 | $38,568 | 13.145% |
| 2012 (FY 2012/13) | $271,674 | — | — | $271,674 | $35,809 | 13.181% |
| 2011 (FY 2011/12) | $271,674 | — | — | $271,674 | $36,494 | 13.433% |
| 2010 (FY 2010/11) | $263,253 | — | — | $263,253 | $35,152 | 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 1010390006. 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

### 367 West 48th Street

367 West 48th Street, New York, NY 10036

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 1920
- **Total Units**: 1
- **Floors**: 5

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/367-west-48th-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/10036/367-west-48th-street-ny-10036) | 12 | 12 | 5,700 sqft | $614 | $3,499,000 (-12.5%) | Compass | Mar 19, 2026 | 177 days |

## Estimated Monthly Payment

**$23,880 / month**, assuming a 20% down payment ($699,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $17,693
- **Property Taxes**: $6,187

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

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- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)

## Related Links

- [367 West 48th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/367-west-48th-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.