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Rent/Lease Apartment 271 W 47th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 271 W 47th St. This trend is projected to continue. Opportunities for subleases remain available at 271 W 47th St and in the nearby Times Square neighborhood.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

271 W 47th St Property Overview

Building Address: 271 W 47th St, New York NY 10036
Building Name: The Biltmore
Zip Code:10036
Neighborhood:Times Square
Borough:Manhattan
Stories:0
Year Built:1920
Building Class:B

The Biltmore - 271 West 47th Street

Address: 271 West 47th Street, Midtown Manhattan, NY 10036

Year built: 2001 (sources conflict: some list 2003 construction)

Stories: 52 floors | Units: 464 rental residences

Lot size: 13,983 sqft | Building area: 463,143 sqft

Landmark transaction: Sold for $290 million in November 2018

Current valuation: $129.1 million assessed value (tax records)

Architectural class: Elevator Apartment - Fireproof with Stores (D6)

Location: Theater District/Times Square area

The Biltmore, located at 271 West 47th Street, is a prominent residential building in Manhattan's Theatre District - Times Square. Also known by its secondary addresses as 267-273 W 47th St, this 53-story structure was built in 2003 and houses 464 units. The building offers a range of luxurious amenities including a fitness center, game room, resident lounges, a seasonal wraparound sundeck, and a private dining room. The Biltmore is known for its pet-friendly environment and extensive city views. Units feature in-unit washer and dryer, dishwasher, and optional private outdoor space. The neighborhood is vibrant, being close to Times Square and the broader Manhattan area.


The Biltmore Amenities

  • 24-Hour Concierge and Doorman
  • 24-Hour Fitness Center with Yoga Studio
  • Game Room with Billiards, Darts, Ping Pong, Foosball & Air Hockey
  • Resident Lounges with 65” TV and Kitchen
  • Seasonal Wraparound Sundeck with Lounge Chairs
  • Outdoor Kitchen/Grill with TVs
  • Terrace Grass Area
  • Private Dining Room with Catering Kitchen
  • Study Lounges with WiFi Access and Built-In Table USB Ports
  • Dividable Conference Room
  • Laundry Room in Building
  • Parcel Room Service with Delivery Notifications
  • Valet Dry Cleaning/Wash & Fold Service
  • Bike Room
  • Pet-Friendly
  • Handicap Accessible

Address: 271 West 47th Street, New York, NY 10036

Building Name: The Biltmore

Building Class: Elevator Apartment - Fireproof with Stores (D6)

Neighborhood: Theatre District - Times Square

Owner: Not specified in available records

Building Size: 463,143 sqft (52 stories)

Year Built: 2001

Last Major Transaction: $290,000,000 purchase (2018)

Tax Class: Register

Estimated Property Tax: $7,024,818/year


For residents at 271 W 47th St, Manhattan, NYC, several internet providers are available in the area. Top providers include:

Spectrum offers cable internet with speeds up to 1 Gbps and affordable pricing starting at $30 per month.

T-Mobile Fiber and EarthLink provide fiber internet, both with extensive coverage in Manhattan.

Verizon Fios and Astound Broadband Powered by RCN are also recommended for their high speeds and customer service, though availability might vary by neighborhood.


Transportation & Cross Streets

Cross Streets: Between 7th & 8th Avenues
Nearby Subway:
  • 49th St (N/Q/R/W) - 0.11mi
  • Port Authority Bus Terminal (A/C/E) - 0.14mi
  • 50th St (C/E) - 0.14mi
Nearby Office Tenants Leased
  • Perry Ellis International leased 96,350 SF at 1120 Sixth Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • American Society of Composers, Authors and Publishers leased 85,400 SF at 250 West 57th Street
  • Spring Global leased 80,000 SF at 104 West 40th St
  • Complex Networks leased 80,000 SF at 229 West 43rd Street
  • Kasper leased 77,413 SF at 1412 Broadway
  • Morgan Stanley DW leased 75,440 SF at 1221 Avenue of the Americas
  • Times Square Grey Entert… leased 70,500 SF at 1500 Broadway
  • Ion Media Networks, Inc. leased 68,786 SF at 810 Seventh Ave
  • Nixon Peabody LLP leased 66,297 SF at 55 West 46th Street
Nearby Retail Tenants Leased
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • PF Chang's To Go leased 3,800 SF at 240 West 40th Street
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • Fossil leased 3,241 SF at 1585 Broadway
  • Pringles leased 3,215 SF at 1450 Broadway
  • Bobby Van's Steakhouse leased 3,150 SF at 120 West 45th St
  • Princi leased 2,864 SF at 1633 Broadway
  • Satya Eastern Kitchen leased 2,700 SF at 750 Eighth Ave
  • Dos Toros leased 2,600 SF at 114 West 41st Street
  • Starbucks leased 2,600 SF at 1700 Broadway

Sapphire Office Solutions Testimonial

Sapphire Office Solutions testimonial To Whom It May Concern: I am writing this letter of recommendation to acknowledge the outstanding job performed by Mr. Stephen Sunderland of Optimal Spaces, Incorporated, in regards to locating and executing a great sublease and direct lease extension. In addition to finding the sublease, Stephen also add a long term extension to our direct lease at a great price. We never would have completed this transaction without Stephen's persistency, expertise, and diligence. We attempted to work with other brokers prior to meeting Stephen (discovered Stephen from advertisement) and he was the only broker who listened to our needs and took us to spaces that fit all OUR requirements, not his. We would highly recommend Mr. Sunderland and his company without hesitation. Sincerely, Paul Holstein President

Office Buildings in Times Square