2 years on rocket

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

$5,495,000

6 Bedrooms
6 Full Baths
4,473 SqFt
$1,228/SqFt
Townhouse
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeTownhouse
Year Built1970
MLS #OLRS-0082217
StatusActive

About 246 E 48th Street Building

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

Property Features

Property Information:

  • Architectural Style: Walk-Up
  • Year Built: 1970
  • Living Area: 4,473 SqFt

Listing Office:

  • Office Name: Elegran LLC
  • Office Phone: (212) 729-5712
  • Listing Agent: Julio Garcia
  • Agent Phone: (646) 283-1420

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Balcony, Building Roof Deck

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,495,000
  • Price Per SqFt: $1,228/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$845.4K

Med. Price/SqFt

$636

Avg. Days On Market

96

# of Sold Homes

1548

246 E 48th Street Building vs New York

860 DAYS ON ROCKET

+764 Days

$5,495,000

+$4.6M More

$1,228/SqFt

+$591 More

KEY TAKEAWAY

This property is $4.6M more than the Median Sold Price and $591/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #OLRS-0082217

Listing Office:

  • Office Name: Elegran LLC
  • Office Phone: (212) 729-5712
  • Listing Agent: Julio Garcia
  • Agent Phone: (646) 283-1420

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/25/2024, 11:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$27.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$16.5K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-296840
10
/10
  • River School (The)

  • 425 E 35th St

  • 0.66 miles

  • Public District Grades PK-KG

school-card-donut-296841
7
/10
  • PS 116 Mary Lindley Murray

  • 210 E 33rd St

  • 0.75 miles

  • Public District Grades KG-5

school-card-donut-296842
10
/10
  • East Side Elementray School-PS 267

  • 213 E 63rd St

  • 0.78 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,503. The most common annual income of people living in New York, NY is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 246 E 48th Street Building

What is the listing price of this property?

The listing price of 246 E 48th Street Building property is $5,495,000.

What type of property is this?

The property 246 E 48th Street Building is a townhouse located in New York City, New York, 10017.

Is this property for sale now?

Active Listing: 246 E 48th Street Building is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 246 E 48th Street Building has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 246 E 48th Street Building is 4,473 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 246 E 48th Street Building is 1970.
Rocket Homes logo

Interested in 246 E 48th Street Building? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesNew YorkNew York10017246 E 48th Street Building

This home is located at 246 E 48th Street Building in New York City, NY and zip code 10017 in the Turtle Bay neighborhood. This 4,473 square foot home was built in 1970. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 17, 2021 and is currently priced at $5,495,000.

In March 2024, from all listings sold in New York, NY there were more than 154 sold above asking price, over 748 sold below and more than 645 were sold right at the asked price. Between February 2024 and March 2024, New York, NY real estate market has seen increase in the number of listings by 3.7%. While the average time on the market in March 2024 was 96 days, the median list price was $845,489.

From Rocket Homes Real Estate and based on county public records data.

More Resources