Octavia

Octavia is a condo located 216 East 47th Street, in Turtle Bay, New York. The building was first built in 1985 and is 39 years old. The lot that the building was built on is 45 feet wide and 100 feet long. The official lot area is listed as 4,519 square feet. In total, 216 East 47th Street has a total floor area of 53,839 square feet. Of that, 50,277 square feet are used for residential purposes. About 3,562 square feet of the building are used for commercial purposes. There are a total of 49 units. Of those, 47 are residential units. There are 2 commercial units. 216 East 47th Street has a total of 32 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! There are 198 closings on record, of which we have matching data for 22 listings. In the past 3 years, a listing in this building will typically remain on the market for about 155 days and tend to sell below the original asking price of $944,500 by 8.28%. Meaning, listings tend to sell at a median of $1,075 price per square foot. The transaction that took the longest to complete was unit 5B, listed on Apr 15, 2016 for $949,000. This particular unit ultimately sold 349 days later for $910,000. The most recent transaction was for unit 18B, which was first advertised on Apr 03, 2023, sold for $680,000 on Oct 23, 2023. Fun fact, the oldest transaction we have on record took place on Jul 15, 1985. See the full transaction history for Octavia below.

Turtle Bay, where 216 East 47th Street is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $944,500. For interested buyers, that means the building's median asking price is around 0.53% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $3,950,000. It is a 2,398 sqft 3 bedroom and 4 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $859,000. It is a 801 sqft 1 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, 1 one-bedroom, no two-bedroom, 1 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $2,404,500. Collectively, the median square footage of these active units for sale is 1,600 sqft. Active units for sale at 216 East 47th Street are mostly 2-bedroom apartments Active units for sale at 216 East 47th Street have a median count of 2 bedrooms and have a median count of 3 bathrooms.