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
248 E 49th St, New York, New York 10017, United States
Instituto Cervantes
211-215 E 49th St, New York, New York 10017, United States
The Arabic School of New York
747 3rd Ave 1st floor, New York, New York 10017, United States
The Family School
323 E 47th St, New York, New York 10017, United States
The Beekman School
220 E 50th St, New York, New York 10022, United States
P94M @ P.S. 15
333 E 49th St, New York, New York 10017, United States
Top English Academy
733 3rd Ave Floor 16 #1058, New York, New York 10017, United States
Chinese Language Academy of New York Midtown
800 3rd Ave Suite 2800, New York, New York 10017, United States
Stage-Global
228 E 45th St #9e, New York, New York 10017, United States
Children’s Academy
317 E 50th St, New York, New York 10022, United States
Aaron School Elementary and Middle School
309 E 45th St, New York, New York 10017, United States
Metropolitan Preschool Inc
309 E 45th St, New York, New York 10017, United States
New York Institute of Management
330 E 46th St, New York, New York 10017, United States
Updog Playgroup
251 E 51st St, New York, New York 10022, United States
Dylan James, Clarinet
New York, New York 10017, United States
Kaplan Nursery School
225 E 51st St, New York, New York 10022, United States
Gold Standard Seminars
333 E 45th St, New York, New York 10017, United States
Heidelberg University Association
871 United Nations Plaza, New York, New York 10017, United States
UAS7
871 United Nations Plaza, New York, New York 10017, United States
Cargill Global Scholars
809 United Nations Plaza, New York, New York 10017, United States
Dave Frank School of Jazz
234 E 52nd St, New York, New York 10022, United States
Institute of International Education
1st Ave Tunnel, New York, New York 10017, United States
Penguin City Swim
132 E 45th St, New York, New York 10017, United States
Learn Hypnosis New York
545 Lexington Ave, New York, New York 10022, United States
Decoded
155 E 44th St Floor 23, New York, New York 10017, United States
$5,495,000
