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Map
Floor Plan


249 E 48TH Street #4A
About This Property
Turtle Bay House Condominium is nestled on the northwest corner of 48th Street and 2nd Avenue and boasts a charming white brick exterior spanning 20 stories and 163 units. This condominium offers a full-time doorman, laundry facilities, and attractive low common charges and taxes. It's prime location by the United Nations, Grand Central Station, renowned eateries, and a nearby supermarket makes it exceptionally convenient. Moreover, with easy access to major transportation hubs including the 6, E, and M trains, residents enjoy seamless connectivity to the city's pulse. Pets are allowed and loved.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 15, 2024 | Sold | ||
Sold | |||
Aug 15, 2024 | In contract | - | |
In contract | |||
May 1, 2024 | Listed by Corcoran Group | $599,000 | |
Listed by Corcoran Group | |||
Sep 21, 2013 | Listed by Elliman | $565,000 | |
Listed by Elliman | |||
| |||
Large Sunny Bright Studio 650 sq ft overlooking the famous Turtle
Bay Gardens. This apartment in Turtle Bay House could be a one
bedroom & has very large windows , you can watch the seasons change
& feel close to nature. Recently renovated with all new appliances
& special custom Venetian plaster finish to the walls. As an
investment property, turn this studio into a one bedroom and enjoy
the high rent you will receive. This is a full service building
with parking & very…
| |||
Mar 9, 2007 | Sold to Robert Silin, Shu-ching Silin | ||
Sold to Robert Silin, Shu-ching Silin |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/01/2024
|
Studio
|
1 Bath
|
631 ft²
|
$599,000
Studio
1 Bath
631 ft²
|
$575,000
-4.01%
10/15/2024
|
-
|
Noemi Bitterman
Compass
| |
02/23/2024
| |
2 Bed
|
2 Bath
|
1494 ft²
|
$1,595,000
2 Bed
2 Bath
1494 ft²
|
-
-
|
-
|
Kathryn Quinton
Engel & Volkers New York Real Estate LLC
|
01/18/2024
|
2 Bed
|
2 Bath
|
1494 ft²
|
$1,595,000
2 Bed
2 Bath
1494 ft²
|
$1,525,000
-4.39%
06/14/2024
|
-
|
Kathryn Quinton
Engel & Volkers New York Real Estate LLC
| |
11/08/2023
|
1 Bed
|
1 Bath
|
850 ft²
|
$810,000
1 Bed
1 Bath
850 ft²
|
$740,000
-8.64%
06/27/2024
|
-
|
Anthony Ligorelli
Berkshire Hathaway HomeServices New York Propertie
| |
05/17/2023
|
1 Bed
|
1 Bath
|
800 ft²
|
$825,000
1 Bed
1 Bath
800 ft²
|
$816,500
-1.03%
09/07/2023
|
Adam Vanderbrook
Dolly Lenz Real Estate LLC
| ||
09/20/2022
|
Studio
|
1 Bath
|
-
|
$530,000
Studio
1 Bath
|
$480,000
-9.43%
01/25/2023
|
Michael Gregoretti
Michael A Gregoretti
| ||
09/13/2022
|
2 Bed
|
2 Bath
|
1494 ft²
|
$1,450,000
2 Bed
2 Bath
1494 ft²
|
$1,475,000
+1.72%
12/19/2022
|
Colette Rosenberg
Corcoran Group
| ||
06/24/2022
|
Studio
|
1 Bath
|
-
|
$495,000
Studio
1 Bath
|
$450,000
-9.09%
12/14/2022
|
Glenn J. Norrgard
Sothebys International Realty
| ||
03/26/2021
|
Studio
|
1 Bath
|
507 ft²
|
$499,000
Studio
1 Bath
507 ft²
|
$575,000
+15.23%
07/23/2021
|
Cheryl Rodrigues
Corcoran Group
| ||
08/16/2019
| |
Studio
|
1 Bath
|
-
|
$750,000
Studio
1 Bath
|
-
-
|
-
|
Kathy McFarland
Engel & Volkers
|
08/15/2019
|
Studio
|
1 Bath
|
655 ft²
|
$750,000
Studio
1 Bath
655 ft²
|
$675,000
-10.00%
03/06/2020
|
Katy Quinton
Engel & Volkers New York Real Estate LLC
| ||
11/16/2018
|
2 Bed
|
2 Bath
|
1494 ft²
|
$1,849,000
2 Bed
2 Bath
1494 ft²
|
$1,600,000
-13.47%
04/05/2019
|
Keren Ringler
Douglas Elliman Real Estate
| ||
03/02/2018
|
Studio
|
1 Bath
|
432 ft²
|
$625,000
Studio
1 Bath
432 ft²
|
$575,000
-8.00%
08/07/2018
|
Andrew Mak
Serhant LLC
| ||
07/07/2017
|
1 Bed
|
1 Bath
|
-
|
$735,000
1 Bed
1 Bath
|
$735,000
09/14/2017
|
Colette Rosenberg
The Corcoran Group
| ||
03/28/2016
|
2 Bed
|
2 Bath
|
1300 ft²
|
$1,900,000
2 Bed
2 Bath
1300 ft²
|
$1,900,000
02/05/2021
|
-
|
Zahra Joudi
The Corcoran Group
| |
01/17/2014
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,995,000
3 Bed
3 Bath
1772 ft²
|
$1,975,000
-1.00%
08/08/2014
|
-
|
Kathleen Mulkeen
Turtle Bay Realty Inc
| |
09/21/2013
|
Studio
|
1 Bath
|
-
|
$565,000
Studio
1 Bath
|
-
-
|
-
|
Robin Bowden
Elliman
| |
03/20/2013
|
2 Bed
|
2 Bath
|
1494 ft²
|
$1,500,000
2 Bed
2 Bath
1494 ft²
|
$1,450,000
-3.33%
03/20/2013
|
-
|
Nicole Hatoun
Corcoran Group
| |
01/12/2013
|
2 Bed
|
2 Bath
|
-
|
$1,720,000
2 Bed
2 Bath
|
$1,720,000
06/19/2013
|
Susan V.
Luxus Manhattan Realty, LLC
| ||
11/29/2012
|
2 Bed
|
2 Bath
|
-
|
$979,000
2 Bed
2 Bath
|
-
03/29/2013
|
Richard Goldberg
Noble Realty
| ||
11/29/2012
|
2 Bed
|
2 Bath
|
-
|
$998,000
2 Bed
2 Bath
|
-
-
|
-
|
Richard Goldberg
Noble Realty
| |
10/02/2012
|
3 Bed
|
3 Bath
|
-
|
$1,990,000
3 Bed
3 Bath
|
-
05/30/2013
|
Hilary Rovins
Brown Harris Stevens Residential Sales LLC
| ||
05/12/2006
|
1 Bed
|
1 Bath
|
800 ft²
|
$800,000
1 Bed
1 Bath
800 ft²
|
-
-
|
-
|
NANCY SAMUEL
Douglas Elliman Real Estate
|
Building Info
- 179 Units
- 2 Units for Sale

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