538 W 47th St 20 Unit Apartment Building $5,600,000 ($280,000/Unit) New York, NY 10036

Besen Partners, as exclusive agent for ownership, is pleased to offer for sale 538 West 47th Street, a well-maintained multifamily asset located in the heart of Manhattan’s vibrant Hell’s Kitchen neighborhood. Originally constructed in 1910 and renovated in 1988, the property comprises approximately 8,935 square feet across five stories and is situated on a 2,510-square-foot lot. Zoned R8, the building contains 20 residential units (11 free market / 9 rent-stabilized) and presents investors with a stabilized multifamily opportunity in one of Manhattan’s most dynamic and sought-after rental markets. LONG TERM OWNERSHIP.
The property features spacious residential apartments, many of which have benefited from thoughtful renovations, including updated kitchens and bathrooms, hardwood flooring, and high ceilings. Select units offer private outdoor space, while south-facing apartments enjoy abundant natural light. Residents also benefit from modern conveniences, including a remote doorman system that provides streamlined package management, building communication, and guest access.
Situated on the south side of West 47th Street between 10th and 11th Avenues, the property is conveniently located approximately three blocks from the 50th Street subway station, providing access to the A, C, and E train lines and seamless connectivity throughout Manhattan. The asset is also within close proximity to an array of neighborhood amenities, including world-class dining, entertainment venues, Hudson River Park, Whole Foods, and Midtown's major employment centers, further enhancing its long-term appeal to both residents and investors.