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447 W 47th St 10 Unit Apartment Building $8,428,021 CAD ($842,802 CAD/Unit) 6.70% Cap Rate New York, NY 10036
Investment Highlights
- 100% FREE MARKET
- PERFECTLY MAINTAINED
- 100% OCCUPIED
Executive Summary
Prime and Free Market Investment opportunity - Fully Occupied - Very well maintained
Raphael Sitruk is pleased to present 477 West 47th Street — a 10-unit residential building ideally located in the heart of Hell’s Kitchen.
Each residence within the building is designed with comfort and functionality in mind, featuring open layouts, abundant natural light, and private outdoor spaces in select units. Many apartments offer spacious living and dining areas, efficiently designed kitchens with full-size appliances, and bedrooms that easily accommodate king-sized beds
with ample storage.
The building sits on a quiet, tree-lined block just moments from the Hudson River Greenway, Broadway theaters, and some of Manhattan’s best dining, shopping, and nightlife options. Shared laundry facilities are available in the basement, and residents enjoy the charm and convenience of a boutique property with just 10 homes.
Raphael Sitruk is pleased to present 477 West 47th Street — a 10-unit residential building ideally located in the heart of Hell’s Kitchen.
Each residence within the building is designed with comfort and functionality in mind, featuring open layouts, abundant natural light, and private outdoor spaces in select units. Many apartments offer spacious living and dining areas, efficiently designed kitchens with full-size appliances, and bedrooms that easily accommodate king-sized beds
with ample storage.
The building sits on a quiet, tree-lined block just moments from the Hudson River Greenway, Broadway theaters, and some of Manhattan’s best dining, shopping, and nightlife options. Shared laundry facilities are available in the basement, and residents enjoy the charm and convenience of a boutique property with just 10 homes.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,428,021 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $842,802 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.70% | Building Size | 7,686 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/1985 |
| Zoning | R8 - R8 Zoning in NYC is a “high density” residential zoning district. | ||
| Price | $8,428,021 CAD |
| Price Per Unit | $842,802 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 7,686 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built/Renovated | 1910/1985 |
| Zoning | R8 - R8 Zoning in NYC is a “high density” residential zoning district. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 |
| 2+1 | 1 | - | 1,000 |
| 3+1 | 1 | - | 1,200 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1057-0012 | Total Assessment | $890,972 CAD (2025) |
| Land Assessment | $157,630 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $733,342 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1057-0012
Land Assessment
$157,630 CAD (2025)
Improvements Assessment
$733,342 CAD (2025)
Total Assessment
$890,972 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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447 W 47th St
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