$3,499,000 $3,999,000
Updated a day ago

367 West 48th Street

Hell's Kitchen, Manhattan | Eighth Ave & Ninth Ave

19 Rooms12 Beds12 Baths5,700 Square FeetIncome Property

$3,499,000 $3,999,000
floors / apts6 / 7
Lot Size15'x100'
Built Size15' wide
ZoneR8
Building TypeTownhouse
RE Taxes$74,244
Price Per SF
$614

Building Amenities

  • Voice Intercom

Property Description for 367 West 48th Street

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.

Listing History for 367 West 48th Street

Now
07/06/2026
$3,499,000 [-$500,000] [12.5%]
Price Drop by Shane Boyle
Compass
04/15/2026
$3,999,000 [-$501,000] [11.1%]
Price Drop by Shane Boyle
Compass

Building Details for 367 West 48th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts6/7
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.16 miles
50 St
0.26 miles
49 St
0.29 miles
42 St-Port Authority Bus Terminal
0.33 miles
7 Av
0.38 miles

Citi Bike

W 49 St & 8 Ave
0.06 miles
W 47 St & 9 Ave
0.07 miles

Hell's Kitchen | Manhattan

Quick Profile

There is some mystery surrounding Hell’s Kitchen and how it got its name. There’s the tale about two policemen discussing how horrendous the neighborhood was back in 1880’s. The rookie cop turned to the veteran cop and said, “this place is hell.” The veteran cop replied, “No, this is hell’s kitchen.” Some say it's named after a notorious 19th century motorcycle gang. Even the historians will tell you the neighborhood's name has dubious origins. 

Regardless of how it got its name, Hell’s Kitchen is here to stay.

Hell’s Kitchen is an iconic neighborhood on the west side of Manhattan. Its boundaries are 34th and 59th streets and 8th Avenue to the Hudson River. The neighborhood has a dense urban feel with plenty of bars, bodegas, restaurants and coffee shops. It’s inhabited by an eclectic mix of young professionals, long term residents from the old days, LGBQT community and members of the performing arts community - due to the highest number of off Broadway theatres in all of New York CIty. 

From the early 1800’s to the 1980’s, Hell’s Kitchen held the title for one of the toughest neighborhoods in the city. In its early history it was populated by poor working class Irish and street gangs. Riots, violence, and crime were not uncommon. During prohibition times it was said that Hell’s Kitchen had more speakeasies than children. 

Several attempts of neighborhood rebranding have taken place over the years. Clinton, Midtown West, and even the short-lived Hell’s Canyon are a few of the replacement names that have been used. Hell’s Kitchen has a lot of grit and no shortage of fortitude. A trendy name change seems doubtful. 

Hell’s Kitchen benefited greatly from the Times Square clean up in the 1990’s. When crime rates lowered and adult theatres and prostitution disappeared, Times Square became less sleazier. Soon after, Hell’s Kitchen changed. The days of Gangsters, Irish immigrants, and rough and tumble housing tenements are part of its storied history. They’ve been replaced with bars, bodegas, restaurants, off broadway theatres, and luxury buildings. The recent completion of Hudson Yards and the Highline extension has brought new life into Hell’s Kitchen 

Low-rises, brownstones, row houses and 5 to 6 floor walk ups with studio and one bedroom apartments are common in Hell’s Kitchen. The local zoning laws from previous years kept the building heights on the lower side. Over the past decade, developers have been granted exceptions to building height zoning laws and created more modern highrise developments.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 105234TH