246 East 48th Street

Midtown East

$5,495,000
Price
6
Beds
6
Baths
4,473 Sq. Ft.
$1,228 / Sq. Ft.
4,473
Sq. Ft.
$1,228
per Sq. Ft.

Description

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....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.

Property Details for 246 East 48th Street

Zoning
R8B

Location

Listing Courtesy of Elegran LLC
Add your commute
LISTING UPDATED: 02/21/2024 06:47 AM

Property Details for 246 East 48th Street

StatusActive
MLS IDOLRS-0082217
Days on Market442
Taxes$6,602 / month
Maintenance-
Min. Down Pymt-
Total Rooms11.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1970
Lot Size1,864 SF / 18' x 100'
CountyNew York County

Building

246 E 48th St

3 Units4 StoriesBuilt in 1970

Location

Listing Courtesy of Elegran LLC
Add your commute

Building Information for 246 East 48th Street

Stories4Residences3Year Built1970Building Size19' x 45'Building Sq. Ft3,420 SFLot Size1,864 SF / 18' x 100'Building Age-Building Type-

Payment Calculator

$36,590 per month

30 year fixed, 7.25% Interest

Principal and Interest

$29,988

Property Taxes

$6,602

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 246 East 48th Street

Summary
Location and General Information
  • Subdivision Name: Turtle Bay
  • Cross Street: Third Avenue/Second Avenue
  • Stories Total: 4
  • Water Sewer Expense: $.00
Taxes and HOA
  • Tax Lot: 31
  • Tax Block: 1321
  • Building Tax Lot: 31
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 4473.0
  • Building Area Total: 4473.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 18.58 x 100.33
  • Living Area Units: SquareFeet
  • Foundation Area: 0.0
Building Information
  • Landmark Status YN: false
  • Building Exterior Features: BuildingRoofDeck
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: MultiFamily, Townhouse, WalkUp
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Patio And Porch Features: Terrace, Patio
Interior Features
  • Other Equipment: Intercom
  • ElevatorsTotal: 0
  • Size Dimensions: 19.00 x 45.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: Yes
  • Attendance Type: None

Property History for 246 East 48th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 246 East 48th Street

Taxable ValueLand$53,040Additions$273,060Total$326,100
Home Facts
Total Finished SqFt4,473 SqFtLot Size1,875 SqFtYear Built1970ZoningR8BAPN1013210031

Schools near 246 East 48th Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 59 Beekman Hill International
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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246 East 48th Street is a townhouse for sale in Midtown East. This property was listed for sale on March 3, 2023 by Elegran LLC, it's currently listed at $5,495,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 59 Beekman Hill International, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 246 East 48th Street is a 6-bed, 6-bath, 4,473 sqft townhouse built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Elegran LLC

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