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Map
$5,495,000
↓ $800K (12.7%)
●
Townhouse -
For Sale
246 E 48th Street #BUILDING
Manhattan, NY 10017
6 Beds
6 Baths
4473 Sqft
$5,925,921
RealtyHop Estimate
7.84%
Since Jan 1, 2023
NY-New York
Primary Model
About This Property
246 East 48th Street is a truly unique property. This Turtle Bay
gem is a four-unit, four-story walk-up building containing three
one-bedroom units and one two-bedroom flexible unit. Situated just
one building away from the corner of a very quiet block... This
property affords any inhabitant the ability to be steps away from
the local restaurants, cafes, grocery stores, and transportation
while providing a sun-filled tranquil oasis.
It is currently only owner-occupied and used as a single family residence. All apartments are free market and vacant.
Bedrooms: All bedrooms accommodate a king-sized bed and get great light.
Great Rooms: All great rooms boast over 320 square feet of usable space.
Balconies: All apartments have over 390 square feet of private south-facing outdoor space.
Roof Deck: Usable as is or can take advantage of available additional FAR.
The new owner of this property will have true almost turn-key flexibility in usage of the building/townhome.
Building Dimensions: 19 x 45
Stories: 4
Current Square Footage: 4,473
Additional Allowable FAR: 7,500
Unused FAR: 3,000
Main Floor Apartment:
Examples
Convert to a single family townhome: Structure will easily accommodate the buildout of an elevator.
Live-in w/ rental income: Occupy the main floor with an expansive 700 square foot south-facing private garden for your enjoyment while renting the three other apartments. All of which boasts their own large south-facing balcony and bedrooms that accommodate a king-sized bed.
Pure rental cash-flow: Rent all 4 apartments
-Whole property to be delivered vacant.
It is currently only owner-occupied and used as a single family residence. All apartments are free market and vacant.
Bedrooms: All bedrooms accommodate a king-sized bed and get great light.
Great Rooms: All great rooms boast over 320 square feet of usable space.
Balconies: All apartments have over 390 square feet of private south-facing outdoor space.
Roof Deck: Usable as is or can take advantage of available additional FAR.
The new owner of this property will have true almost turn-key flexibility in usage of the building/townhome.
Building Dimensions: 19 x 45
Stories: 4
Current Square Footage: 4,473
Additional Allowable FAR: 7,500
Unused FAR: 3,000
Main Floor Apartment:
Examples
Convert to a single family townhome: Structure will easily accommodate the buildout of an elevator.
Live-in w/ rental income: Occupy the main floor with an expansive 700 square foot south-facing private garden for your enjoyment while renting the three other apartments. All of which boasts their own large south-facing balcony and bedrooms that accommodate a king-sized bed.
Pure rental cash-flow: Rent all 4 apartments
-Whole property to be delivered vacant.
Unit Size
4,473Ft²
Days on Market
959 days
Land Size
0.04 acres
Price per sqft
$1,228
Property Type
Townhouse
Property Taxes
$6,602
HOA Dues
-
Year Built
1970
Listed By
Last updated: 3 months ago (RLS #OLRS-0082217)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 6, 2023 | Price Decreased |
$5,495,000
↓ $800K
(12.7%)
|
|
Price Decreased | |||
Mar 3, 2023 | Relisted | $6,295,000 | |
Relisted | |||
Dec 11, 2022 | No longer available | - | |
No longer available | |||
Jun 10, 2022 | Relisted | $6,295,000 | |
Relisted | |||
May 17, 2022 | Withdrawn | - | |
Withdrawn |
Show More
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 6
Bathroom Information
Full Bathrooms: 6
Interior Information
Living Area: 4473
Room Information
Laundry Features: See Remarks
Rooms: 11
Exterior Details
Property Information
Year Built: 1970
Building Information
Outdoor Living Structures: Patio, Terrace, Balcony
Pets Allowed: Building Yes, Yes
Lot Information
Lot Size Dimensions: 18.58 x 100.33
Land Information
Tax Lot: 31
Tax Block: 1321
Financial Details
Tax Annual Amount: $79,229
Location Details
Subdivision Name: Turtle Bay
Stories Total: 4
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Townhouse
5
Beds
5
Baths
4,500 ft²
$1,139/ft²
$5,125,000
Aug 7, 2023
$5,125,000
Dec 20, 2023
$5,508/mo
Condo
5
Beds
2.5
Baths
4,468 ft²
$1,074/ft²
$4,800,000
Apr 19, 2014
$4,800,000
Feb 5, 2021
$9,264/mo
House
5
Beds
4
Baths
4,140 ft²
$1,159/ft²
$4,800,000
Sep 4, 2018
$4,800,000
Feb 7, 2019
-
House
5
Beds
5
Baths
3,850 ft²
$1,403/ft²
$5,400,000
Mar 12, 2022
$5,400,000
Jun 27, 2022
-
Condo
5
Beds
5
Baths
3,502 ft²
$1,569/ft²
$5,495,000
Aug 7, 2020
$5,495,000
Aug 6, 2021
$8,150/mo
Sold
House
Stu
-
3,117 ft²
$1,561/ft²
$4,865,000
Apr 27, 2015
$4,865,000
Mar 7, 2016
-
Active
Condo
4
Beds
4
Baths
3,300 ft²
$1,545/ft²
$5,100,000
Oct 3, 2023
-
$9,427/mo
Active
Co-op
3
Beds
4
Baths
3,170 ft²
$1,546/ft²
$4,900,000
Dec 2, 2022
-
$16,037/mo
In Contract
Condo
3
Beds
4
Baths
3,004 ft²
$1,897/ft²
$5,700,000
Feb 25, 2018
-
$12,465/mo
Active
Condo
4
Beds
5
Baths
2,900 ft²
$2,034/ft²
$5,900,000
Dec 7, 2023
-
$4,237/mo
Condo
3
Beds
4
Baths
2,879 ft²
$2,084/ft²
$5,999,000
Aug 4, 2023
-
$11,433/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
246 East 48th Street
246 East 48th Street, New York, NY 10017
- 3 Units
- 2 Units for Sale
About Midtown Manhattan
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