---
title: "505 West 47th Street #1-FN, New York City, NY 10036"
description: "505 West 47th Street #1-FN, New York City, NY 10036 — Hell's Kitchen, New York City, NY. Listing Price $530,000. Price Reduced: Reduced $24,000 (4.3%) from $554,000 on September 17, 2026. Studio bed, 1 bath, 384 sqft Illustrative Buyer Commission Share of $7,950 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/505-west-47th-street-1fn-ny-10036"
source: "Real Estate Rebate Team"
dateModified: "2026-09-17T19:23:11.742Z"
status: "Active"
---

# 505 West 47th Street #1-FN, New York City, NY 10036

Hell's Kitchen, New York City, NY

Courtesy of Howard Hanna NYC

Last updated: September 17, 2026, 3:23 PM

## At a Glance

- **Listing Price**: $530,000
- **Price Reduced**: Reduced $24,000 (4.3%) from $554,000 on September 17, 2026
- **Beds**: Studio
- **Baths**: 1
- **Sqft**: 384
- **Common Charges**: $693 / mo
- **Monthly Taxes**: $420 / mo
- **Price per Sqft**: $1,380
- **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**: $530,000
- **Illustrative Buyer Commission Share**: -$7,950*
- **Illustrative Net Cost**: $522,050

*Illustrative Buyer Savings of $7,950 — 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)

![505 West 47th Street #1-FN, New York City, NY 10036 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3fef465d-e2e4-4949-a237-cfa2ad415609.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a00dab02-0d0f-4fa3-8739-728adbe349ef.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dba6bd9-60dd-4720-8763-cad5ad95ddb7.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/de54d67f-14e5-4fbe-92a1-1ed4edecaf03.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2b8e02b6-6ab6-4259-8815-a457aeb778eb.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/380b00c1-edf3-4ec9-9c0c-f2ef4a9eb8ab.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eb0d4594-ce37-41ee-b35d-738a9f34aa2f.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cf62e703-1182-4f49-87f7-50bc2a18f9d2.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/87443a49-10e7-4074-93ea-3a1c9457e71b.jpg)
![505 West 47th Street #1-FN, New York City, NY 10036 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fad538fe-136a-4577-a3c5-604235c6f251.jpg)

## Property Overview

Welcome to 505 West 47th Street, a stunning studio that perfectly blends luxury, convenience, and tranquility. This meticulously maintained home offers an exceptional living experience with top-tier finishes and a thoughtfully designed layout.

As you step inside, you’re greeted by soaring loft-like ceilings that create an open and airy atmosphere. The spacious living area easily accommodates a queen or king-sized bed, a desk, and a dining table, allowing for both comfort and functionality. A separate door leads to your own private terrace, where you can relax and take in beautiful city views.

The sleek kitchen, designed by Mastri La Cucina, is a chef’s dream, featuring top-of-the-line appliances from Miele, LG, Bosch, and Fisher & Paykel, along with elegant marble countertops. A washer/dryer is also included for ultimate convenience. The spa-like bathroom exudes sophistication with Zebrano wall tiles, Kohler fixtures, Pegasus waterworks, a Rocky River marble countertop, and custom cabinetry, making it a true retreat.

Beyond the apartment, the building offers exceptional amenities, including two breathtaking roof decks with panoramic city views, a serene Zen garden, a state-of-the-art fitness center, and a dedicated live-in resident manager. A 24-hour doorman ensures convenience.

Whether you're looking for a primary residence, a pied-à-terre, or an investment property, this home is a perfect choice. Don’t miss your chance to own this urban retreat!

## Property Details

- **Property Type**: Condominium
- **Baths**: 1
- **Rooms**: 2
- **Sqft**: 384 sqft
- **Stories**: 7
- **Year Built**: 2008
- **Price per Sqft**: $1,380
- **Common Charges**: $693 / Monthly
- **Monthly Taxes**: $420 / mo
- **Listed On**: Apr 3, 2025
- **Days on Market**: 533 Days

### Residence Features

- In Unit
- Private Outdoor Space Under 60 Sqft
- Dishwasher

## Estimated Monthly Payment

**$3,793 / month**, assuming a 20% down payment ($106,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,680
- **Property Taxes**: $420
- **Common Charges**: $693

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

30 apartments at The 505 have recorded sales since September 2021, the most recent for $505,000 in March 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 1GN (Apartment) | Studio | 384 | $505,000 | $1,315/ft² | March 12, 2026 | City record · MLS |
| 3DS (Apartment) | Studio | 437 | $530,000 | $1,213/ft² | February 26, 2026 | City record · MLS |
| 4DN (Apartment) | 1 | 841 | $899,000 | $1,069/ft² | January 5, 2026 | City record · MLS |
| 1DS (Apartment) | Studio | 384 | $510,000 | $1,328/ft² | December 8, 2025 | City record · MLS |
| PH3-N (Apartment) | 2 | 1,009 | $552,000 | $547/ft² | December 1, 2025 | City record |
| PH6N (Apartment) | 1 | 536 | $850,000 | $1,586/ft² | November 6, 2025 | City record · MLS |
| 5BS (Apartment) | Studio | 442 | $603,700 | $1,366/ft² | July 23, 2025 | City record · MLS |
| 6DN (Apartment) | 1 | 841 | $945,000 | $1,124/ft² | May 16, 2025 | City record · MLS |
| 5E-N (Apartment) | — | 615 | $773,000 | $1,257/ft² | December 16, 2024 | City record |
| 1BS (Apartment) | Studio | 437 | $560,000 | $1,281/ft² | December 16, 2024 | City record · MLS |
| 5H-N (Apartment) | 1 | 477 | $610,000 | $1,279/ft² | December 13, 2024 | City record |
| PH3-N (Apartment) | 2 | 1,009 | $1,640,000 | $1,625/ft² | December 11, 2024 | City record · MLS |
| 2ES (Apartment) | 1 | 689 | $740,000 | $1,074/ft² | December 5, 2024 | City record · MLS |
| 4-ES (Apartment) | 1 | 689 | $750,000 | $1,089/ft² | September 19, 2024 | City record · MLS |
| 6B-S (Apartment) | — | 423 | $560,000 | $1,324/ft² | August 9, 2023 | City record |
| 6C-N (Apartment) | 1 | 629 | $812,500 | $1,292/ft² | June 30, 2023 | City record |
| 2DS (Apartment) | Studio | 437 | $578,000 | $1,323/ft² | April 19, 2023 | City record · MLS |
| 5AN (Apartment) | 1 | 810 | $1,050,000 | $1,296/ft² | October 28, 2022 | City record · MLS |
| 6BN (Apartment) | 2 | 951 | $1,330,000 | $1,399/ft² | October 26, 2022 | City record · MLS |
| 1AN (Apartment) | Studio | — | $585,000 | — | September 9, 2022 | City record · MLS |
| 5BS (Apartment) | Studio | — | $577,000 | — | September 1, 2022 | City record · MLS |
| 3H-N (Apartment) | 1 | 477 | $659,200 | $1,382/ft² | July 20, 2022 | City record |
| PH5N (Apartment) | 2 | — | $1,650,000 | — | May 10, 2022 | City record · MLS |
| 3AN (Apartment) | 1 | 810 | $990,000 | $1,222/ft² | April 20, 2022 | City record · MLS |
| 3CN (Apartment) | 1 | 629 | $866,000 | $1,377/ft² | March 25, 2022 | City record · MLS |
| 4-FS (Apartment) | 1 | 832 | $985,000 | $1,184/ft² | February 22, 2022 | City record · MLS |
| 2CS (Apartment) | 1 | — | $850,000 | — | February 11, 2022 | City record · MLS |
| 4CS (Apartment) | 1 | 637 | $865,000 | $1,358/ft² | November 16, 2021 | City record · MLS |
| 1HS (Apartment) | Studio | 475 | $575,000 | $1,211/ft² | November 3, 2021 | City record · MLS |
| 1-FN (Apartment) | Studio | 370 | $530,000 | $1,432/ft² | October 29, 2021 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $530,000
- **Median sold price**: $567,500
- **Difference**: -$37,500 (-6.6%)
- **This home, $/ft²**: $1,380
- **Median $/ft²**: $1,319
- **Comparable sales**: 10
- **Sales from**: October 2021 – March 2026
- **Middle half of those sales**: $530,000 – $577,750

Based on studio sales at The 505.

### How these sales were negotiated

- **Sale-to-list price**: 87.8% (7 sales)
- **Sold below asking**: 100% (7 sales)
- **Typical time to find a buyer**: 126 days (7 sales)
- **Typical time to close**: 55 days (7 sales)

Based on studio sales at The 505 with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at The 505

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,364/ft² | 7 |
| 2020 | $1,314/ft² | 5 |
| 2021 | $1,273/ft² | 11 |
| 2022 | $1,337/ft² | 10 |
| 2023 | $1,323/ft² | 3 (thin) |
| 2024 | $1,268/ft² | 6 |
| 2025 | $1,347/ft² | 4 (thin) |
| 2026 YTD | $1,213/ft² | 3 (thin) |

Based on recorded sales at The 505. 2026 is year-to-date.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through March 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at The 505](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-505)

## Price and Property History for 505 West 47th Street, Unit 1-FN

Review the recorded listing activity for 505 West 47th Street, Unit 1-FN, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $24,000, or 4.3%, on September 17, 2026
- **Originally listed**: April 1, 2025 at $579,000
- **Current asking price**: $530,000
- **Last sold (recorded)**: $530,000 on October 29, 2021

| Date | Price | Listing event |
| --- | --- | --- |
| September 17, 2026 | $530,000 | Returned to the market |
| September 17, 2026 | $530,000 | Asking price reduced by $24,000, or 4.3% |
| November 17, 2025 | $554,000 | Asking price reduced by $10,000, or 1.8% |
| September 22, 2025 | $554,000 | Returned to the market |
| April 1, 2025 | $579,000 | Listed for sale by Howard Hanna NYC |
| October 29, 2021 | $530,000 | Sold — recorded sale price |
| July 1, 2021 | $540,000 | Entered contract |
| April 8, 2021 | $540,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 505 West 47th Street #1-FN were $6,654 in 2026, up 5.5% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $61,075 | $6,468 | $54,607 | $53,229 | $6,654 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $58,681 | $6,468 | $52,213 | $50,477 | $6,310 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $55,196 | $6,468 | $48,728 | $48,505 | $6,063 | 12.5% |
| 2023 (FY 2023/24) | $58,934 | $6,468 | $52,466 | $47,958 | $3,967 after $2,029 abatement | 12.502% |
| 2022 (FY 2022/23) | $49,120 | $6,468 | $42,652 | $45,590 | $1,683 after $3,910 abatement | 12.267% |
| 2021 (FY 2021/22) | $40,758 | $6,468 | $34,290 | $40,758 | $4,987 | 12.235% |
| 2020 (FY 2020/21) | $45,547 | $6,468 | $39,079 | $42,516 | $5,215 | 12.267% |
| 2019 (FY 2019/20) | $45,444 | $6,468 | $38,976 | $40,346 | $4,117 | 12.473% |
| 2018 (FY 2018/19) | $47,092 | $6,468 | $40,624 | $36,958 | $3,822 | 12.612% |
| 2017 (FY 2017/18) | $36,904 | $6,468 | $30,436 | $33,327 | $2,730 | 12.719% |
| 2016 (FY 2016/17) | $37,608 | $6,468 | $31,140 | $31,417 | $2,619 | 12.892% |
| 2015 (FY 2015/16) | $34,685 | $6,468 | $28,217 | $31,533 | $1,909 | 12.883% |
| 2014 (FY 2014/15) | $28,521 | $6,468 | $22,053 | $32,146 | $1,936 | 12.855% |
| 2013 (FY 2013/14) | $28,915 | $6,468 | $22,447 | $33,991 | $1,280 | 13.145% |
| 2012 (FY 2012/13) | $27,359 | $6,468 | $20,891 | $35,758 | $1,330 | 13.181% |
| 2011 (FY 2011/12) | $38,184 | $6,468 | $31,716 | $37,406 | $493 | 13.433% |
| 2010 (FY 2010/11) | $37,749 | $6,468 | $31,281 | $36,891 | $4,926 | 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.

Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner.

Figures are the New York City Department of Finance assessment roll for tax lot 1010761059. 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

### The 505

Hell's Kitchen · Condominium

505 West 47th Street, New York, NY 10036

A building in Hell's Kitchen, currently featuring 4 active listings.

- **Year Built**: 2008
- **Active Units**: 4
- **Floors**: 7

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-505)

### Available Residences — For Sale (4)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [1-FN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/505-west-47th-street-1fn-ny-10036) | Studio | 1 | 384 sqft | $1,380 | $530,000 (-4.3%) | Howard Hanna NYC | Apr 3, 2025 | 533 days |
| [5BN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/505-west-47th-street-5bn-ny-10036) | 2 | 2 | 951 sqft | $1,262 | $1,200,000 (-7.0%) | Brown Harris Stevens Residential Sales LLC | Apr 16, 2026 | 155 days |
| [5DN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/505-west-47th-street-5dn-ny-10036) | 2 | 1 | 841 sqft | $1,183 | $995,000 (-2.9%) | Brown Harris Stevens Residential Sales LLC | Jun 15, 2026 | 95 days |
| [6GS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/505-west-47th-street-6gs-ny-10036) | 2 | 2 | 975 sqft | $1,332 | $1,299,000 | Brown Harris Stevens Residential Sales LLC | Jul 31, 2026 | 49 days |

## 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

- [The 505 — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-505)
- [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.