351 W 47Th St, New York, NY 10036

Description

351 West 47th Street in Midtown West, Manhattan. A rare, turnkey value-add opportunity with all major capital improvements already complete. Strong in-place NOI delivers an immediate return on investment, with one vacant unit poised to increase income by almost a third upon lease-up. The coveted Tax Class 2B designation further positions this asset for meaningful long-term appreciation as Manhattan's rental market continues its upward trajectory.

Extensive mechanical upgrades have been completed across two years, significantly reducing short-term capital expenditure requirements:

2026 Improvements

Complete basement renovation

Onsite laundr...