Terrific Tenements | The Real Deal New York

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Terrific Tenements

527 West 47th Street
New York, NY 10036
Website
Residential, Leasing/Rental, Multifamily

Terrific Tenements is an 88-unit affordable housing complex consisting of two pre-war, mid-rise elevator buildings in Hell's Kitchen, between Ninth and Tenth Avenues. The four-floor tenements, at 527 West 47th Street and 425 West 48th Street, are federally subsidized under the Section 8 program. Related Companies, the developer and landlord, acquired the buildings in the 1980s. In 2011, the developer renewed its contract with the city to keep the units affordable for another 35 years. The New York Times profiled Relateds retrofitting of the apartments to make them more energy-efficient, as an example of environmental consciousness yielding significant savings for landlords and tenants alike.

-MK

  • Address 527 West 47th Street
  • neighborhood Clinton
  • borough Manhattan
  • owner Related Companies
  • owner entity CLINTON HOUSING PRESE
  • floors 6
  • Year Built 1920
  • residential units 88
  • total units 88
  • square feet 52,850
  • block and lot 1-01076-0015
  • BIN 1026985

06/21/13
...From left: Terrific Tenements and North Park housing A mayoral panel voted for a rent increase of at...

08/04/11
...from turning market-rate. The three complexes include the Terrific Tenements on West 47th and 48th streets and North Park at 20 West 102nd Street, both...