---
title: "505 West 47th Street #5BN, New York City, NY 10036"
description: "505 West 47th Street #5BN, New York City, NY 10036 — Hell's Kitchen, New York City, NY. Listing Price $1,200,000. 2 bed, 2 bath, 951 sqft Illustrative Buyer Commission Share of $18,000 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/505-west-47th-street-5bn-ny-10036"
source: "Real Estate Rebate Team"
status: "Active"
---

# 505 West 47th Street #5BN, New York City, NY 10036

Hell's Kitchen, New York City, NY

Courtesy of Brown Harris Stevens Residential Sales LLC

## At a Glance

- **Listing Price**: $1,200,000
- **Beds**: 2
- **Baths**: 2
- **Sqft**: 951
- **Common Charges**: $1,709 / mo
- **Price per Sqft**: $1,262
- **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**: $1,200,000
- **Illustrative Buyer Commission Share**: -$18,000*
- **Illustrative Net Cost**: $1,182,000

*Illustrative Buyer Savings of $18,000 — 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 #5BN, New York City, NY 10036 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/237e0870-a6e5-48a5-a0d5-32becf77ec2e.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ea6a9f8b-85e2-4bc6-b76a-96ec6c17c13f.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/05d0c85a-2bfc-47d6-bad7-ce829fed5966.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bff44c1d-2c81-4c4c-b149-3782dbda75b0.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/409afe2d-8fbb-4031-a6ed-48321e98af31.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8bf035b2-208d-4842-9dd3-ca92173dcfb1.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/608d0348-8f7a-43bc-9d71-bff15a18ed2b.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8a949321-1747-4903-bb1f-d67306b4425e.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1e4c771-10dd-42f4-9b9d-cb9e042b5027.jpg)
![505 West 47th Street #5BN, New York City, NY 10036 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/708b2c8b-8ac2-4918-aba0-1c9600e016eb.jpg)

## Property Overview

Apartment 5BN is a beautiful two-bedroom, two-bath residence offering just shy of 1,000 square feet of interior space, and a 50-square-foot private balcony for both relaxing and entertaining.

 The primary suite features a spacious walk-in closet and a private bathroom with double sinks and ample storage. The second full bedroom is generously proportioned. A well-designed living and dining area flows seamlessly into a large open kitchen, outfitted with appliances from Miele, LG, Bosch, and Fisher
 & Paykel, along with marble countertops.

 Bathrooms are finished with porcelain wall tiles, marble vanities, Kohler fixtures, rain shower heads, and custom cabinetry. Additional highlights include bamboo wood flooring throughout the living and dining areas, an in-unit Bosch washer/dryer, and abundant natural light from south-facing windows. Despite its brightness, the home remains quiet and serene, overlooking the buildings beautifully landscaped courtyard.

 The 505 is a luxury boutique condominium offering a full-service experience, including a 24-hour doorman/concierge and a live-in resident manager. Amenities
 include a fitness center housed within a greenhouse-style structure, a tranquil courtyard garden, two landscaped rooftop terraces with lounge and dining areas,
 barbecues, bike storage, private storage, and laundry facilities.

 Designed by the acclaimed firm H. Thomas O'Hara, The 505 is modern sophistication, creating a thoughtful living environment.

 Ideally located near the Theater District, Midtown's business core, Hudson River Park, and Hudson Yards, residents enjoy convenient access to dining, shopping, and transportation options, including the A/C/E, N/R/W, and 1, 2, 3, and 7 subway lines.

 At The 505, there is a beat that can't be seen anywhere else.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 4
- **Sqft**: 951 sqft
- **Stories**: 7
- **Year Built**: 2008
- **Price per Sqft**: $1,262
- **Common Charges**: $1,709 / Monthly
- **Listed On**: Apr 16, 2026
- **Days on Market**: 147 Days

### Residence Features

- Washer Hookup
- In Unit
- Building Courtyard
- Balcony
- Building Roof Deck
- Private Outdoor Space Under 60 Sqft
- Dishwasher

## Sales Evidence

### Recent closed 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

The median closed price for comparable two-bedroom sales at The 505 is $1,640,000, based on 3 sales between May 2022 and December 2024. This home is asking $1,200,000, $440,000 below that median. The middle half of those sales closed between $1,485,000 and $1,645,000.

- **Median closed price**: $1,640,000
- **Middle half**: $1,485,000 – $1,645,000
- **Based on**: 3 two-bedroom sales at The 505
- **Period**: May 2022 – December 2024

Square footage is recorded for only 2 of these 3 sales (67%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

### Price trend

Median price per square foot for sales at The 505, 2017 to 2026. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| 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 | $1,213/ft² | 3 (thin) |

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.

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 5BN

Review the recorded listing activity for 505 West 47TH Street, Unit 5BN, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $90,000, or 7%, on July 28, 2026
- **Originally listed**: April 16, 2026 at $1,350,000
- **Current asking price**: $1,200,000
- **Last sold (recorded)**: $1,250,000 on January 13, 2020

| Date | Price | Listing event |
| --- | --- | --- |
| July 29, 2026 | $1,200,000 | Returned to the market |
| July 28, 2026 | $1,200,000 | Asking price reduced by $90,000, or 7% |
| April 16, 2026 | $1,350,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC |
| January 13, 2020 | $1,250,000 | Sold — recorded sale price |
| December 10, 2019 | $1,295,000 | Entered contract |
| May 13, 2019 | $1,295,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 505 West 47th Street #5BN were $16,090 in 2026, up 5.5% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $147,691 | $15,641 | $132,050 | $128,720 | $16,090 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $141,902 | $15,641 | $126,261 | $122,066 | $15,258 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $133,475 | $15,641 | $117,834 | $117,299 | $14,662 | 12.5% |
| 2023 (FY 2023/24) | $142,514 | $15,641 | $126,873 | $115,975 | $9,592 after $4,907 abatement | 12.502% |
| 2022 (FY 2022/23) | $118,781 | $15,641 | $103,140 | $110,248 | $4,068 after $9,456 abatement | 12.267% |
| 2021 (FY 2021/22) | $98,559 | $15,641 | $82,918 | $98,559 | $5,723 after $6,336 abatement | 12.235% |
| 2020 (FY 2020/21) | $110,142 | $15,641 | $94,501 | $102,817 | $12,613 | 12.267% |
| 2019 (FY 2019/20) | $109,891 | $15,641 | $94,250 | $97,564 | $9,957 | 12.473% |
| 2018 (FY 2018/19) | $113,877 | $15,641 | $98,236 | $89,628 | $9,267 | 12.612% |
| 2017 (FY 2017/18) | $89,241 | $15,641 | $73,600 | $80,837 | $6,620 | 12.719% |
| 2016 (FY 2016/17) | $90,944 | $15,641 | $75,303 | $76,220 | $6,353 | 12.892% |
| 2015 (FY 2015/16) | $83,876 | $15,641 | $68,235 | $76,502 | $4,628 | 12.883% |
| 2014 (FY 2014/15) | $70,222 | $15,641 | $54,581 | $77,983 | $4,694 | 12.855% |
| 2013 (FY 2013/14) | $69,921 | $15,641 | $54,280 | $82,196 | $3,094 | 13.145% |
| 2012 (FY 2012/13) | $66,159 | $15,641 | $50,518 | $86,469 | $3,215 | 13.181% |
| 2011 (FY 2011/12) | $92,336 | $15,641 | $76,695 | $90,458 | $1,192 | 13.433% |
| 2010 (FY 2010/11) | $91,283 | $15,640 | $75,643 | $89,213 | $11,913 | 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 1010761088. 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 3 active listings.

- **Year Built**: 2008
- **Total Units**: 3
- **Floors**: 7

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

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [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 | 146 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 | 86 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 | 40 days |

## Estimated Monthly Payment

**$7,777 / month**, assuming a 20% down payment ($240,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $6,068
- **Common Charges**: $1,709

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

- [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.