--- title: "521 West 47th Street #3B, New York City, NY 10036" description: "521 West 47th Street #3B, New York City, NY 10036 — Hell's Kitchen, New York City, NY. Listing Price $1,199,000. 1 bed, 2 bath, 1,125 sqft Illustrative Buyer Commission Share of $17,985 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/521-west-47th-street-b-3B-ny-10036" source: "Real Estate Rebate Team" status: "Active" --- # 521 West 47th Street #3B, New York City, NY 10036 Hell's Kitchen, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $1,199,000 - **Beds**: 1 - **Total Baths**: 2 - **Sqft**: 1,125 - **Common Charges**: $2,847 / mo - **Price per Sqft**: $1,066 - **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**: $1,199,000 - **Illustrative Buyer Commission Share**: -$17,985* - **Illustrative Net Cost**: $1,181,015 *Illustrative Buyer Savings of $17,985 — 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) ![521 West 47th Street #3B, New York City, NY 10036 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ac2cec5a-8db8-4d7b-be91-f2112007aae1.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1e332459-3e99-486c-a2c1-88ebe784603c.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/076615e2-359e-4e5d-8d0c-4bd14c5ab4e9.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa3af9a2-557d-40e1-8777-c1db5d058f50.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5ae11c19-3550-4cec-96cf-d18a1aa312a7.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/24bc6274-f004-4606-ab75-806ea8d956ef.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1d0ef3fb-63da-4fbd-b754-a26f1625ddbf.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/14834791-5128-4450-9dfd-0cf3b7baf8c4.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/00510ad6-cecc-4170-9b61-3650ef3b75a4.jpg) ![521 West 47th Street #3B, New York City, NY 10036 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a57c226b-d0c5-45fd-b499-2162030deddd.jpg) ## Property Overview OPEN HOUSES BY APPOINTMENT ONLY! A rare and voluminous 1,125 square foot one-bedroom loft with 12-foot ceilings, a wood-burning fireplace, and one-and-a-half bathrooms, this thoughtfully reimagined luxurious residence blends industrial character with refined modern living within a historic boutique cooperative moments from Hudson River Park and some of the city’s most celebrated dining. Upon entry, a moody foyer with a walk-in coat closet sets the tone. The Great Room opens dramatically beyond, where soaring beamed ceilings create a striking sense of volume. Anchored by a wood-burning fireplace, the space flows easily between living, dining, and kitchen areas, ideal for both everyday living and entertaining. The chef’s kitchen centers on a quartz-clad island and features a Sub-Zero refrigerator, Wolf range, and Cove dishwasher, along with a Brizo touch faucet and Restoration Hardware fixtures. A sleek bar with a dedicated wine refrigerator enhances the home’s entertaining appeal. Just off the living space, a handsome powder room with textured wallpaper, a marble-topped vanity, and copper fixtures provides a sophisticated touch for guests. The primary suite offers king-sized proportions and a massive walk-in closet with integrated storage. The spa-like primary bath with heated floors is finished in Italian tile and includes generous storage, a rainfall shower with glass enclosure, and an oversized sink. A rare feature for Manhattan loft living, a discreet yet expansive attic provides exceptional additional storage. Wide-plank hardwood floors, custom millwork, an in-unit washer and dryer, and smart home integration, including Lutron lighting and motorized shades, are found throughout. Housed in The Bakery, an intimate pet-friendly 16-unit cooperative originally built in 1910 as an automobile garage and commercial bakery, the building blends historic character with modern convenience. Residents enjoy a newly renovated lobby, virtual doorman, package room, bicycle storage, and flexible ownership nearly like a condo allowing subletting (even short-term), gifting, and pied à terre use. International owners are welcome. Located on the same block as Sullivan Street Bakery and moments from Hudson River Park, the Theater District, and the dining of Hell’s Kitchen, this home offers boutique loft living in one of Manhattan’s most vibrant waterfront neighborhoods. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Total Baths**: 2 - **Rooms**: 3 - **Sqft**: 1,125 sqft - **Stories**: 4 - **Year Built**: 1910 - **Price per Sqft**: $1,066 - **Common Charges**: $2,847.42 / Monthly - **Listed On**: Mar 13, 2026 - **Days on Market**: 178 Days ### Residence Features - Common On Floor - Common Area - In Unit - Breakfast Bar - Built-in Features - Chandelier - Entrance Foyer - High Ceilings - Kitchen Island - Recessed Lighting - Walk-In Closet(s) - Dryer - Dishwasher - Gas Cooktop - Range - Refrigerator - Stainless Steel Appliance(s) - Washer - Hardwood ## Sales Evidence ### Recent closed sales 4 apartments at The Bakery have recorded sales since September 2021, the most recent for $1,225,000 in April 2024. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 2B (Apartment) | 1 | — | $1,225,000 | — | April 18, 2024 | City record · MLS | | 2D (Apartment) | 2 | 1,100 | $899,000 | $817/ft² | August 7, 2023 | City record · MLS | | 3A (Apartment) | — | — | $980,000 | — | July 15, 2022 | City record | | PHB (Apartment) | 3 | 2,170 | $1,900,000 | $876/ft² | July 15, 2022 | 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 co-op one-bedroom sales in Hell's Kitchen is $577,500, based on 42 sales between September 2024 and July 2026. This home is asking $1,199,000, $621,500 above that median. The middle half of those sales closed between $481,750 and $713,750. - **Median closed price**: $577,500 - **Middle half**: $481,750 – $713,750 - **Based on**: 42 co-op one-bedroom sales in Hell's Kitchen - **Period**: September 2024 – July 2026 Square footage is recorded for only 12 of these 42 sales (29%), 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. Across the 37 of these sales with a published asking price, the median closed at 96.6% of what it originally asked. 68% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Hell's Kitchen instead. ### How these sales were negotiated - **Sold vs original ask**: 96.6% of the original ask - **Closed below ask**: 68% of 37 sales - **Listed → in contract**: 91 days (about 13 weeks) - **In contract → closed**: 76 days (about 11 weeks) Across the 37 of these sales with a published asking price, the median closed at 96.6% of what it originally asked. 68% of them closed below the original ask. Half of these homes were in contract within 91 days (about 13 weeks) of coming to market, based on the 37 with a recorded listing date. Once a deal was agreed, closing took a further 76 days (about 11 weeks), based on the 37 with both dates recorded. A co-op board package and its interview account for much of that. 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. Based on 42 co-op one-bedroom sales in Hell's Kitchen, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op one-bedroom sales in Hell's Kitchen, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $615,000 | 21 | | 2018 | $706,250 | 18 | | 2019 | $575,078 | 24 | | 2021 | $549,000 | 28 | | 2022 | $675,000 | 34 | | 2023 | $607,000 | 16 | | 2024 | $530,000 | 19 | | 2025 | $575,000 | 26 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Hell's Kitchen instead. 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 Bakery](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bakery) ## Price and Property History for 521 West 47th Street, Unit 3B Review the recorded listing activity for 521 West 47th Street, Unit 3B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $96,000, or 7.4%, on April 21, 2026 - **Originally listed**: March 9, 2026 at $1,295,000 - **Current asking price**: $1,199,000 - **Last sold (recorded)**: $935,000 on July 21, 2015 | Date | Price | Listing event | | --- | --- | --- | | April 21, 2026 | $1,199,000 | Asking price reduced by $96,000, or 7.4% | | March 9, 2026 | $1,295,000 | Listed for sale by Compass | | July 21, 2015 | $935,000 | Sold — recorded sale price | | March 13, 2015 | $935,000 | Listed for sale by Elliman | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 16 apartments. The corporation’s 2026 property tax bill was $268,178 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for The Bakery](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bakery) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### The Bakery Hell's Kitchen · Stock Cooperative 521 West 47th Street, New York, NY 10036 A building in Hell's Kitchen, currently featuring 1 active listing. - **Year Built**: 1910 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bakery) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [3B](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10036/521-west-47th-street-b-3B-ny-10036) | 1 | 2 | 1,125 sqft | $1,066 | $1,199,000 (-7.4%) | Compass | Mar 13, 2026 | 177 days | ## Estimated Monthly Payment **$8,910 / month**, assuming a 20% down payment ($239,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $6,063 - **Common Charges**: $2,847 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 Bakery — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bakery) - [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.