515 West 47th Street_Property for Sale
515 West 47th Street_Property for Sale
515 W 47th St, New York, NY, 10036-2211, US

515 West 47th Street

Asset description

JLL has been retained on an exclusive basis to arrange for the sale of 515 West 47th Street, a 25’ wide, 5 story walk-up located on the north side of West 47th Street between 10th and 11th Avenues. The building is configured as 15 Free Market apartments and one retail space which is leased to The Jolly Goat Coffee Bar (Est. 2014) through March of 2025. The approximately 10,675 Sq. Ft. building was completely gut renovated in 2013 with high quality materials that have been well maintained since the original work was completed.

The apartments are configured as 1 one-bedroom, 10 two-bedrooms, 1 three-bedroom and 3 four-bedrooms. The ground floor rear apartments feature private outdoor spaces as do the units on the 5th floor which have private roof terraces. The apartments are currently leased for an average of $4,024 per month or $1,677 per bedroom. In regard to infrastructure, the building is heated via a gas fired boiler and is individually metered for electric. 



Asking Price
Number of units
16 units
Year built
Building area Gross
10,675 sf
Land area Gross
0.06 acres (2,500 sf)


Investment highlights

  • 100% Free Market
  • Fully Gut Renovated in 2014 / Pristine Condition
  • Post-COVID rental rebound
  • Light value-add potential though cosmetic apartment upgrades
  • Ideal share apartments for students or young professionals
  • Proximity to Midtown Manhattan & Hudson Yards
  • In Unit Stacked Washer Dryer

Contact brokers

515 West 47th Street (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Jan 30, 2023