27 days on rocket

316 W 47th St Unit 1Fw, New York City, NY, 10036

$575,000

Home List Price

$6,828*

Closing Credit

1 Bedroom
1 Full Bath
709 SqFt
$811/SqFt
Multi
Schools Nearby

Location

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316 W 47th St Unit 1Fw, New York$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
CoolingOther
ViewOther
MLS #RPLU-440222928087
StatusActive

About 316 W 47th St Unit 1Fw

Large duplex 1 Bedroom with bonus office/den with laundry room on floor!<br><br>Located in the heart of the Theater District on a charming tree-lined street, this high first floor<br>home offers lots of extras. Entering the parlor level you will find a 26' living/dining room<br>boasting extra high 8'10" ceilings, custom cabinetry, strip hardwood floors, and baseboard<br>heating. The updated open kitchen showcases an elegant black and white palette with new<br>appliances and gorgeous black quartz countertops.<br><br>The dramatic steel staircase brings you upstairs to the second floor, where you'll find the<br>private 10x11 bedroom, a separate 19' long den plenty big enough for guests, a lovely blonde<br>wood home office with built in desk and storage, plus a classically styled black and white<br>windowed bathroom. There is even an ultra-convenient washer/dryer available on the building's<br>2nd floor that's easily accessible from your upper level!<br><br>To top it all off, the monthly maintenance is only $648. This is a great opportunity for the<br>qualified buyer to finally own in the heart of New York City.<br><br>BUILDING NOTES: <br><br>316 West 47th Street is a charming 5 story, 12 unit building originally built in 1920. It<br>was COMPLETELY gut-renovated in 2003 when converted to co-op, and features new<br>windows, all new plumbing and heating, plus in-unit sprinkler systems. Best of all - this debt<br>free building has INCREDIBLY low maintenance, making homes here extra-affordable.<br><br>316 West 47th Street was rebuilt as part of the city's HDFC co-operative ownership program.<br>Under 2023 guidelines, here are allowable maximum buyer incomes:<br><br>Single Person Household: $118,680<br>Two Person Household: $135,600<br>Three Person Household: $152,520<br>Four Person Household: $169,440<br><br>The co-op is for Primary Residence only. It is a smoke-free building. Sorry, no pets permitted.<br>Note that till the building comes off initial HDFC restrictions in 2033, there is a required flip tax<br>by seller of 30% of profit.

Property Details

Property Features

Property Information:

  • Architectural Style: Walk-Up
  • Living Area: 709 SqFt

Listing Office:

  • Office Name: Olshan Realty Inc
  • Office Phone: (212) 751-3300
  • Listing Agent: Cynthia Crowley
  • Agent Phone: (917) 673-6480

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: None

Utilities

Utilities Information:

  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000
  • Price Per SqFt: $811/SqFt

HOA Fees:

  • Amount: $648
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

316 W 47th St Unit 1Fw vs New York

27 DAYS ON ROCKET

-69 Days

$575,000

-$274.1K Less

$811/SqFt

+$171 More

KEY TAKEAWAY

This property is $274.1K less than the Median Sold Price and $171/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-440222928087

Listing Office:

  • Office Name: Olshan Realty Inc
  • Office Phone: (212) 751-3300
  • Listing Agent: Cynthia Crowley
  • Agent Phone: (917) 673-6480

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/2/2024, 12:55:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,585

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4509013
7
/10

  • PS 212 Midtown West

  • 328 W 48th St

  • 0.05 miles

  • Public District Grades KG-5

school-card-donut-4509014
10
/10

  • Success Academy Charter School-Hell's Kitchen

  • 439 W 49th St

  • 0.26 miles

  • Public Charter Grades KG-1

school-card-donut-4509015
9
/10

  • PS 59 Beekman Hill International

  • 231249 East 56th St

  • 0.48 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,677. Most New York, NY residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›New York›10036›316 W 47th St Unit 1Fw

This home is located at 316 W 47th St Unit 1Fw in New York City, NY and zip code 10036 in the Hell's Kitchen neighborhood. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $575,000.

Over 168 listings were sold over their listed price in April 2024 in New York, NY. In the same period over 748 listings were sold below the listed price and 758 listings were sold for the listed price. The number of homes for sale in New York, NY increased by 3.8% between March 2024 and April 2024. The median list price of listings available in April 2024 was $849,191, while the average time on the real estate market was 96 days.

From Rocket Homes Real Estate and based on county public records data.

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