Marlo Towers

Marlo Towers is a Co-op located 301 East 48th Street, in Turtle Bay, New York. The building was first built in 1964 and is 60 years old. It was first renovated and altered in 2014. The lot that the building was built on is 125 feet wide and 151 feet long. The official lot area is listed as 17,569 square feet. The building itself is 151 feet wide and 120 feet long. In total, 301 East 48th Street has a total floor area of 251,925 square feet. Of that, 232,425 square feet are used for residential purposes. About 19,500 square feet of the building are used for commercial purposes. Additionally, the building has a 8,500 square feet garage. There are a total of 203 units. Of those, 198 are residential units. There are five commercial units. 301 East 48th Street has a total of 20 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! For your convenience, laundry is located in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. There are 192 closings on record, of which we have matching data for 88 listings. In the past 3 years, a listing in this building will typically remain on the market for about 135 days and tend to sell below the original asking price of $717,000 by 2.87%. Meaning, listings tend to sell at a median of $835 price per square foot. The transaction that took the longest to complete was unit 6AB, listed on May 13, 2019 for $1,825,000. This particular unit ultimately sold 310 days later for $1,700,000. The most recent transaction was for unit 5D, sold for $0 on Jan 10, 2024. Fun fact, the oldest transaction we have on record took place on Mar 29, 1967. See the full transaction history for Marlo Towers below.

Turtle Bay, where 301 East 48th 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 $717,000. For interested buyers, that means the building's median asking price is around 0.04% 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 10 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 $899,000. It is a 976 sqft 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $399,000. It is a 625 sqft studio and 1 bathroom unit. A breakdown of active listings shows 3 studio, 6 one-bedroom, 1 two-bedroom, units for sale! The median price of all the active units for sale in the building is $580,000. Active units for sale at 301 East 48th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.