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
LISTING UPDATED: 10/31/2024 03:50 PM

Property Details for 246 East 48th Street

StatusActive
MLS IDOLRS-0082217
Days on Market574
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

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-

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
  • Property Condition: Good
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.

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Listing Courtesy of Elegran LLC

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