547 West 47th Street (The West)

The residences run studio to two-bedroom, with a small number of larger configurations and a set of private terraces on select units. Residential area is approximately 161,900 square feet across 222 residential units per city records, which puts the average residence around 730 square feet — a compact, efficiently drawn inventory aimed squarely at first-purchase, single-professional, couple and pied-à-terre buyers rather than at families.

That is the correct read of the building, and it explains the amenity program. When the average apartment is 730 square feet, the building has to supply the living room, the office, the yard and the club. The West does: a conference room and lounge on the lower level for work, a Greenhouse lounge and communal kitchen for entertaining, an eighth-floor terrace carrying an outdoor lounge with grilling stations, a dog run and an outdoor play field, and a rooftop Pool Club Level with a pool deck and a second outdoor lounge above it. The children's playroom sits on the third floor and the dog wash and bicycle storage on the lower level.

Two elements of the program are genuinely uncommon in Manhattan and worth naming precisely. First, the two guest units: the condominium itself owns two residences and makes them available to unit owners for short-term stays under rules set by the board. In a building of small apartments, a bookable guest suite is a functional extension of every unit in it. The offering plan is explicit that no purchaser should buy in reliance on guest-unit availability, and that caveat is fair — but the structure exists and it is real. Second, the cabanas: the plan established a cabana area as a residential common element with cabanas licensed rather than sold, on a fee basis, and disclosed that there are fewer cabanas than residences. A cabana license terminates when the licensee ceases to own a residence and may be reassigned by the board.

Storage is better provisioned than at most buildings of this size: every residence was offered with an appurtenant storage locker, with 51 additional lockers offered separately.

The building operates as a full-service condominium with a doorman and a resident manager, and the amenity program is the operating story. Roughly 30,000 square feet of amenity space serving 219 sold residences is a substantial ongoing expense line, and the interaction of that expense with the building's common charges is the first thing a buyer should model. Ask the managing agent for the current amenity operating cost as a share of the residential budget.

The offering plan carried two disclosures that are worth checking against current reality. It provided that building services and facilities would be available no later than 12 months after the first closing, with the express exception of the swimming pool, which the plan permitted to be unavailable for up to 24 months. Confirm the pool's operating status and season. It also reserved to the sponsor the unconditional right to rent rather than sell unsold residential units, to make bulk sales, and to control the board through a defined sponsor-control period. On a 219-unit sellout that began closing in 2022, the size of any remaining sponsor position, the owner-occupancy ratio and the status of board transition are the three questions that determine both lender project approval and the character of the building. Get them answered in writing.

The resident manager's unit and the two guest units were sold by the sponsor to the condominium, with purchasers contributing a defined share of the cost at closing. Confirm those acquisitions have closed and that no sponsor note remains outstanding against them.

The rest of the diligence set is the standard new-development list: the most recent audited financial statement, the reserve balance, the last two years of board minutes, and the status of any sponsor punch-list or common-element defect claims.

Pets: The building was designed for them — a dog run on the eighth-floor terrace and a dog wash on the lower level. Current weight or breed limits are set by house rules; confirm with the managing agent.

Pied-à-terre: Permitted. Given the unit mix and the location, a meaningful share of the building has always been secondary-residence and investment use.

Subletting: Permitted under the declaration, with the board exercising a right of first refusal rather than a purchaser-approval right. Minimum lease terms are set by house rules. Note that the guest units are the only residences with a sanctioned short-term-stay function; nothing in the plan authorizes short-term rental of a private residence.

LLC, trust and foreign purchase: Permitted, as at any standard NYC condominium.

Cabanas and storage lockers: Licensed, not owned, and finite. A cabana license runs with the residence and terminates on sale unless assigned. Confirm what conveys before contract.

Retail unit rights: The retail owner holds broad easements over roof, sidewalk, cellar and common elements, and may change or subdivide the retail use without board consent within the limits of the declaration and applicable law. Read this section of the plan.

Real estate taxes: No exemption appears in the plan on file. Model the full assessed bill on the specific unit.

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 $1,486/sf (recorded) across 30 sales. Median listing discount 7.1% 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 1-01076-7502). 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.

The amenity program is the purchase. At an average residence size near 730 square feet, the pool club, the terraces, the lounges, the play field and the guest units are what you are actually buying. Model the amenity operating expense inside the common charge and decide whether you will use it. If you will not, cheaper square footage exists two blocks east.

Read the retail easements. GIRT Realty sold the site to the sponsor on June 8, 2018 and kept the roughly 40,000-square-foot retail unit, now an automotive dealership, with broad and permanent rights over roof, sidewalk and cellar. The plan discloses noise, traffic, fumes and vibration as possible consequences.

Confirm the pool. The plan allowed the pool to be unavailable for up to 24 months after the first closing. Confirm current operating status and season before you value it.

Ask where sponsor inventory stands. Remaining sponsor units, the owner-occupancy ratio and the status of board transition drive lender project approval on a building this size. Get them in writing before you assume a mortgage commitment.

Know what conveys. Every residence was offered with a storage locker, but cabanas are licensed, finite, and terminate on sale unless assigned. Confirm the specific unit's appurtenances.

No abatement. Pull the current tax bill and run the full carry through the True Monthly Carrying Cost Calculator.

Sell the club, not the square footage. The rooftop pool level, the eighth-floor terrace with its play field and dog run, the Greenhouse lounge and the bookable guest units are unmatched in Hell's Kitchen. That is the marketing.

Price against your own line. Terrace, exposure and whether the unit sits in the glazed upper volume matter far more than floor number. Building averages will misprice you in both directions.

Address the dealership directly. Buyers will see it on the first visit. Handle it at the showing rather than at the attorney stage.

Expect to compete with the building itself. In a 219-unit condominium, your comparable set is inside your own lobby. Condition, staging and appurtenances — locker, cabana, terrace — are what separate two otherwise identical lines.

Closings are condominium-fast. Thirty to forty-five days from contract, subject to the board's right of first refusal.

If you're considering The West, also evaluate:

• The 505 (505 West 47th Street) — 2008 new-construction condominium directly across the street; the neighborhood's prior full-service benchmark, at a fraction of the scale
• Clinton West (517 West 46th Street) — 2007 ground-up condominium one block south
• Griffin Court (800 Tenth Avenue) — 2008 large-scale Hell's Kitchen condominium; the prior attempt at volume in the corridor
• 545 West 48th Street — 2015 condominium immediately north; newer, smaller, quieter
• 516 West 47th Street — 2003 condominium on the same block front
• Inkwell (520 West 45th Street) — 1905 school building converted in 2016; the architectural counterargument
• Stella Tower (425 West 50th Street) — 1927 Art Deco tower converted in the mid-2010s; boutique, characterful, no amenity program of this kind
• 432 West 52nd Street — 2014 conversion of a former hospital building
• 245 Tenth Avenue — West Chelsea contemporary condominium; the next tier south and up on price