Active

246 East 48th Street Building

New York City NY, 10017

$5,495,000


$1,228.48 per sqft

Active

6 Beds

6 Baths

4,473 sqft

Townhomes

Built in 1970

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.

OLRS-0082217

MLS ID

September 17, 2024

Listed

December 5, 2024

Updated

Map

246 East 48th Street Building
New York City NY, 10017

Interior Features

Total Stories

4


Bedrooms

6


Total Bathrooms

6


Full Bathrooms

6


Laundry Description

See Remarks


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.04 Acres


Exterior Features

Balcony, Building Roof Deck


Architectual Style

Walk-Up

Other Property Details

Taxes

$79,229


Tax Frequency

Annually


Garage

No


View

No


County

NewYork


Pool

No


Zoning

R8B

Listed by Julio Garcia with Elegran LLC
Listing Contact: (646) 283-1420 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024  The Real Estate Board of New York, Inc., All rights reserved

Data last updated on 12/5/2024 at 1:18 PM UTC

 

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