The 505 (505 West 47th Street)

The building is a contemporary seven-story structure in masonry and glass, arranged as two connected buildings framing a central Zen garden. The through-block plan is the point: because the site runs from 47th to 46th, apartments draw light and air from more than one direction, and the interior courtyard gives many homes a quiet garden outlook rather than a street wall.

The residences run from studios through one- and two-bedroom layouts, many with south-facing exposures and floor-to-ceiling windows, and a number with private outdoor space. Interiors were delivered with a new-construction finish package — hardwood and carbonized bamboo floors, stone countertops, custom cabinetry, and name-brand appliances, with in-unit washer/dryers in many homes. Upper-floor units and those facing the courtyard are the most sought-after lines.

The 505 runs as a full-service condominium — a 24-hour doorman, a live-in resident manager, a fitness center, two landscaped roof decks with barbecue grills, the central Zen garden courtyard, a bike room, and private storage. The amenity set is unusually deep for a seven-story building and is a core part of the building's appeal. As a condominium, purchases are not subject to board approval in the co-op sense; the building follows the flexible ownership rules typical of a new-construction condo, and common charges and taxes are billed monthly.

Recent sales

Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. Most recent trades (2026) cleared a median $1,222/sf (floor-adjusted) across 3 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01076-7501). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

This is a condominium, so the mechanics are flexible. There is no co-op board package or interview; purchases close on the condo timeline, foreign buyers and pied-à-terre use are welcome, and subletting and investment ownership are permitted under the declaration. What you get is a full amenity package — 24-hour service, twin roof decks, the garden courtyard, and gym — in a low-rise, light-filled building.

Light, exposure, and outdoor space are the on-site distinctions. The through-block plan rewards nearly every line, but the courtyard-facing and high-floor homes with strong light and private terraces are the ones that hold value best. Model the full monthly carry — common charges plus property taxes plus utilities — as you would at any condo.

Location is the second story. Hell's Kitchen puts you steps from the Theater District, Restaurant Row, and the Hudson River waterfront, with Midtown West's full transit network close by and the Hudson Yards corridor a short walk south. Comparable analysis belongs against the neighborhood's other full-service condominiums.

The building's plan and amenity depth are the marketing core. A through-block, light-filled condo with a garden courtyard, twin roof decks, gym, and full-time service is an easy story to tell in Hell's Kitchen, and the building's design does real work in a sale.

Benchmark within the building and against Hell's Kitchen condos. With ample in-building turnover, recent comparable sales here are the first reference point; floor, light, exposure, outdoor space, and renovation status determine where a unit lands.

Light, courtyard outlook, and private terraces are the differentiators. High-floor and courtyard-facing homes with strong light and outdoor space should anchor positioning; the roof decks and garden are amenities worth foregrounding.

Condo timelines move quickly. Without a board process, a well-prepared, well-priced unit can move on the condo timeline — we manage marketing and the transaction end to end.

If you're considering The 505, also evaluate nearby Hell's Kitchen and Clinton condominiums:

• 516 West 47th Street — Clinton condominium, directly across the street
• 545 West 48th Street — the 48th Street tower of the 540West condominium
• 530 West 45th Street — Clinton condominium
• 505 West 43rd Street — a 2017 ODA-designed Hell's Kitchen condominium
• 425 West 50th Street — Hell's Kitchen full-service building
• One West End — Riverside Boulevard condominium at the corridor's north end