Description

Large duplex 1 Bedroom with bonus office/den with laundry room on floor!

Located in the heart of the Theater District on a charming tree-lined street, this high first floor
home offers lots of extras. Entering the parlor level you will find a 26' living/dining room
boasting extra high 8'10" ceilings, custom cabinetry, strip hardwood floors, and baseboard
heating. The updated open kitchen showcases an elegant black and white palette with new
appliances and gorgeous black quartz countertops.

The dramatic steel staircase brings you upstairs to the second floor, where you'll find the
private 10x11 bedroom, a separate 19' long den plenty big enough for guests, a lovely blonde
wood home office with built in desk and storage, plus a classically styled black and white
windowed bathroom. There is even an ultra-convenient washer/dryer available on the building's
2nd floor that's easily accessible from your upper level!

To top it all off, the monthly maintenance is only $648. This is a great opportunity for the
qualified buyer to finally own in the heart of New York City.

BUILDING NOTES:

316 West 47th Street is a charming 5 story, 12 unit building originally built in 1920. It
was COMPLETELY gut-renovated in 2003 when converted to co-op, and features new
windows, all new plumbing and heating, plus in-unit sprinkler systems. Best of all - this debt
free building has INCREDIBLY low maintenance, making homes here extra-affordable.

316 West 47th Street was rebuilt as part of the city's HDFC co-operative ownership program.
Under 2023 guidelines, here are allowable maximum buyer incomes:

Single Person Household: $118,680
Two Person Household: $135,600
Three Person Household: $152,520
Four Person Household: $169,440

The co-op is for Primary Residence only. It is a smoke-free building. Sorry, no pets permitted.
Note that till the building comes off initial HDFC restrictions in 2033, there is a required flip tax
by seller of 30% of profit. Listing courtesy of Olshan Realty Inc ...
More >