THE CONDO BOOK PROJECT

318 West 47 Condominium

318 West 47 Street, Manhattan, NY 10036

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Overview

318 West 47 is a 5-unit condo in Manhattan.

  • Offering plan: Accepted April 2016 · 310 pages · floor plans on pages 185–187
  • Finishes: 8'6" ceilings, wood floors, solid-surface kitchen countertops, Miele appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
  • Prices: $1,989 a square foot on average, as first offered; $14.8 million in all ($18.3 million when first offered)
  • Common charges: $1,424–$3,556 a month, the sponsor's first-year estimate
  • Developer: Shore Assets, Inc.; principals Eric Schwartz, Marc Shore and William Shore
  • Sponsor: 318 West 47th Street LLC, represented by Meister Seelig & Fein, LLP
  • Subway: 3-minute walk to 50 St (C, E); 4 minutes to Times Sq-42 St/Port Authority Bus Terminal (1, 2, 3, 7, A, C, E, N, Q, R, S, W)
  • Amendments: 9, the latest in November 2018
  1. SubmittedJanuary 2017
  2. AcceptedApril 2016
  3. 9 amendments
  4. First sale
  5. Latest sale

Sales

5 of 5homes sold (100%)
Every sale: 5 homes, with price and dateSee it free →

From city records (ACRIS), through Oct 31, 2025.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

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Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 4 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
318 West 47th Street LLC
Developer
Shore Assets, Inc.
Principals
Eric Schwartz, Marc Shore, William Shore
Tax estimate
Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
Construction lender
Metropolitan Commercial Bank$8.9 million recorded
Structural engineer
Walter PappNamed on p. 166

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R8
Special district
Special Clinton District (CL)

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 318 West 47's common charges high for the area? Yes, they're on the high side. 318 West 47 budgets $1.16 per square foot a month, against a $0.75 median for the 10 most similar Manhattan plans.Schedule A Do you want to see the list of similar buildings?
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