Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
367 W 48th Street
Interested in this property?
Active For Sale Multi Family

$3,999,000

$702 per sq ft

367 W 48th Street

Hell's Kitchen, Manhattan

MLS® #RLS20078229

RLS at REBNY

Listing by Compass

12

Bedrooms

12

Baths

5,700

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 12
Bathrooms 12
Living Area 5,700 sq ft
Year Built 1920
Ownership None
Property Taxes $74,244/yr
Neighborhood Hell's Kitchen
Floor 1 of 5

Property Highlights

  • Character: Pre-war building (1920)

Property Details

Type Multi Family
Ownership None
Total Rooms 19
Baths 12 Full
Floor 1 of 5
Pets Yes, CatsOk, DogsOk
Year Built 1920
Living Area 5,700 sq ft
Structure Type MultiFamily
Furnished Unfurnished
Parcel # 1039-0006
Block/Lot 01039/0006

Listing History

Event Date Price Change
Listed Mar 19, 2026 $4,500,000 -
Currently May 4, 2026 $3,999,000 -11.1%

Description

We are pleased to offer the sale of 367 West 48th Street. This well-maintained building features seven (7) free-market apartments and is fully leased, with long-term management in place. The property presents multiple value-add opportunities, including potential for an owner-occupant with live-in income, as well as rental upside across the existing units. Conveniently located near major transportation, retail, and neighborhood amenities, this is a strong investment opportunity with flexible use potential. For more information or to view the offering memorandum, please reach out.

Features & Amenities

Interior Features

See Remarks

Exterior Features

Building Roof Deck

Appliances

Dishwasher Gas Cooktop Gas Oven Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
Total Units 7
Stories 5
Structure MultiFamily

Financial Details

RE Taxes $74,244/yr ($6,187/mo)
Original Price $4,500,000
Previous Price $4,500,000

Explore real estate opportunities in Hell's Kitchen, Manhattan. Browse available apartments, condos, and co-ops with up-to-date listings and market data.

Location

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367 W 48th Street, Hell's Kitchen, New York County

Building Information

Official NYC property records for this building

1920
Year Built
106 years old
5
Floors
7
Residential Units
R8
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $2,001,150
Land Value: $266,850
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,506 SF
Building Area: 5,700 SF
Built FAR: 3.78
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $74,244, or roughly $6,187 per month. Verify the current assessment with your attorney before closing.

This property has 12 bedrooms and 12 full bathrooms.

The listed interior living area is 5,700 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $3,999,000 for 5,700 sq ft, the asking price per square foot is approximately $702. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20078229
First Listed: 3/19/2026
On Market: 3/19/2026
Price Changed: 4/15/2026
Contract Date: 2/11/2026

Listing Courtesy of Compass - Shane Boyle

Listing Contact: (917) 250-0290

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 4:37 PM UTC

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