225 East 47th Street

225 East 47th Street is a Co-op located in Turtle Bay, New York. The building was first built in 1939 and is 85 years old. It was first renovated and altered in 1987. The lot that the building was built on is 100 feet wide and 100 feet long. The official lot area is listed as 9,645 square feet. The building itself is 98 feet wide and 82 feet long. In total, 225 East 47th Street has a total floor area of 42,000 square feet. Of that, 36,000 square feet are used for residential purposes. About 6,000 square feet of the building are used for commercial purposes. There are a total of 64 units. Of those, 58 are residential units. There are six commercial units. 225 East 47th Street has a total of 6 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. For your convenience, laundry is located in the building. Residents who own pets will be happy to hear that the building is pet-friendly. There are 45 closings on record, of which we have matching data for 11 listings. In the past 3 years, a listing in this building will typically remain on the market for about 137 days and tend to sell above the original asking price of $499,000 by 1.31%. Meaning, listings tend to sell at a median of $950 price per square foot. The transaction that took the longest to complete was unit 1B, listed on Jun 02, 2014 for $365,000. This particular unit ultimately sold 309 days later for $323,000. The most recent transaction was for unit 1B, which was first advertised on Aug 02, 2023, sold for $455,900 on Nov 28, 2023. Fun fact, the oldest transaction we have on record took place on May 29, 1969. See the full transaction history for 225 East 47th Street below.

Turtle Bay, where 225 East 47th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $499,000. For interested buyers, that means the building's median asking price is around 0.33% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op 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 $650,000. It is a 825 sqft 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $575,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 2 one-bedroom, units for sale! The median price of all the active units for sale in the building is $612,500. Collectively, the median square footage of these active units for sale is 413 sqft. Active units for sale at 225 East 47th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.