221 E 50th St #8AB

Co-op in Turtle Bay
Active
 for Sale at 221 East 50th Street, New York, NY 10022

15

 for Sale at 221 East 50th Street, New York, NY 10022
 for Sale at 221 East 50th Street, New York, NY 10022
 for Sale at 221 East 50th Street, New York, NY 10022
$985,000
2
Beds
2
Baths
Half Bath
Ft²
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
3.83%
Est. Monthly
$7,560
Welcome to Residence 8AB, a rare and remarkable penthouse apartment in the sought-after Midtown East/Turtle Bay neighborhood. This sun-filled, beautifully combined two-unit residence is a true gem, offering two bedrooms, two bathrooms, and ample storage space throughout. As you enter, the stunning foyer sets the tone for the airy and spacious interior, with its southern exposure flooding the space with natural light and breathtaking views of the surrounding skyline. The open plan design showcases a magnificent great room and a windowed kitchen that is a chef's delight. Both the north and south ends of the home boast their own opportunity for grand bedrooms, complete with a large walk-in closet and full bathroom, offering maximum...

Building Features

Facilities

Bike RoomStorage AvailableLaundry Room

Outdoor Space

GardenRoof Deck

Ownership & Occupancy

Pied-à-Terre Allowed

Building Style

Prewar

Home Features

View

City View

Exposure

North ExposureSouth ExposureEast Exposure

Price History

Date/EventEventPrice
Feb 1, 2023 Listed by CompassListed by Compass$985,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$70,404
ExpensesPer Year
$32,676
Operating ProfitPer Year
$37,728
Cap rate
3.83%

Price Estimate

$1,161,000$994,850$828,700
20232024202520262027
Current Asking Price

$985,000

HopScore Market Price

$994,850

The current asking price is $9,850 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Coop
2
2
-
$975,000
$2,487/mo
Sold
Coop
2
2
1,150 ft²
$865/ft²
$995,000
$3,124/mo
Sold
Coop
2
1
-
$830,000
$3,095/mo
Sold
Coop
2
1.5
-
$862,500
$2,665/mo
Sold
Coop
2
1.5
1,150 ft²
$93/ft²
$106,500
$3,058/mo

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Building Info

Bowert Court221 East 50th Street, New York, NY 10022
  • 47 Units
  • 1 Unit for Sale
More about this Building
221 East 50th Street
Want to find out who owns 221 East 50th Street, New York, NY 10022? Get detailed property transactions here .

Neighborhood

About Turtle Bay

Stats & Trends

The median asking price in Turtle Bay is $1,255,000.
  • Median Asking

    $1,255,000
  • Sale Price/ft²

    $1,590.19
  • Above Asking

    0.22%
  • Days on Market

    121

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
2
2
-
$985,000
-/mo
Feb 1, 2023
Active
-
-
-
-
Stu
1
-
$275,000
-/mo
Jan 10, 2023
In Contract
-
-
-
-
-
1
1
473
$450,000
-/mo
Sep 19, 2022
Expired
-
-
-
-
-
1
1
715
$585,000
-/mo
Feb 28, 2022
Expired
-
-
-
-
-
Stu
1
-
$400,000
-/mo
Jan 11, 2022
In Contract
-
-
-
-
-
Stu
1
-
$345,000
$907/mo
Sep 8, 2021
Sold
Mar 1, 2022
174 days
$300,000
-13.04%
Stu
1
-
$375,000
-/mo
Jul 20, 2021
Withdrawn
-
-
-
-
-
Stu
1
-
$400,000
$869/mo
Apr 21, 2021
Sold
Jan 21, 2022
275 days
$357,500
-10.63%
Stu
1
-
$349,000
$895/mo
Jul 8, 2020
Sold
May 12, 2021
308 days
$340,000
-2.58%
Stu
1
-
$375,000
-/mo
Jan 23, 2020
Sold
May 6, 2021
469 days
$325,000
-13.33%
-

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Unit #8AB, 221 East 50th Street, New York, NY 10022


Frequently Asked Questions

What is the median home price in Midtown Manhattan?
The median home price in Midtown Manhattan is $1,650,000, or $1,710/sqft. When you buy a home in Midtown Manhattan, you can expect to pay between $815,000 to $3,495,000. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Midtown Manhattan?
The median home price for a studio in Midtown Manhattan is $535,000, or $1,248/sqft.
What is the median home price for a One-Bedroom in Midtown Manhattan?
The median home price for a one-bedroom home in Midtown Manhattan is $899,000, or $1,438/sqft.
What is the median home price for a Two-Bedroom in Midtown Manhattan?
The median home price for a two-bedroom home in Midtown Manhattan is $2,250,000, or $1,755/sqft.
What is the median home price for a Three-Bedroom in Midtown Manhattan?
The median home price for a three-bedroom home in Midtown Manhattan is $4,400,000, or $2,101/sqft.
What is the median home price for a Four+ Bedroom in Midtown Manhattan?
The median home price for a four+ bedroom home in Midtown Manhattan is $7,997,000, or $2,494/sqft.
What is the breakdown of listings by bedroom count in Midtown Manhattan?
There are currently 2,376 available properties for sale in Midtown Manhattan. Of those, 12.42% are studio listings, 31.36% are one-bedroom listings, 31.69% are two-bedroom listings, 15.78% are three-bedroom listings, and 8.75% are four+ bedroom listings.
What is the breakdown of listings by property type in Midtown Manhattan?
There are currently 1,390 condos, 4 houses, 32 townhouses, and 26 multifamilies located in Midtown Manhattan. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Midtown Manhattan?
The least expensive property sold in Midtown Manhattan for $12,000.
Now, what is the most expensive property sold in the past 12 months in Midtown Manhattan?
The most expensive property sold in Midtown Manhattan for $64,730,000.
How long on average are properties in Midtown Manhattan on the market?
Based on our collected data, properties in Midtown Manhattan are on the market for a median time of 122 days.

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