Active Multi-Family

246 East 48th Street Building

Turtle Bay
246 East 48th Street Building, New York City, NY 10017
Beds 6
Baths 6
Sq Ft 4473
Exclusive Listing by Elegran LLC
$5,495,000

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. 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.
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Map

Amenities

Roofdeck
Pets Allowed

Transportation

Subway lines nearby
3 Av/E 49 St
3 Av/E 50 St
E 50 St/Lexington Av
Lexington Av/E 49 St
Lexington Av/51-53 Sts
51 St
Lexington Av/53 St
E 42 St/2 Av
Lexington Av/E 52 St
3 Av/E 42 St

Neighborhood

Schools
Brasil Em Mente
Instituto Cervantes
The Arabic School of New York
The Family School
The Beekman School
P94M @ P.S. 15
Top English Academy
Chinese Language Academy of New York Midtown
Stage-Global
Children’s Academy
Aaron School Elementary and Middle School
Metropolitan Preschool Inc
New York Institute of Management
Updog Playgroup
Dylan James, Clarinet
Kaplan Nursery School
Gold Standard Seminars
Heidelberg University Association
UAS7
Cargill Global Scholars
Dave Frank School of Jazz
Institute of International Education
Penguin City Swim
Learn Hypnosis New York
Decoded
$5,495,000
favic
Undivided Crew