249 East 48th Street #10B, New York City, NY 10017
Listing Courtesy of Sothebys International Realty
$2,749,000
Potential Rebate: $41,235
Overview
Fully renovated/move-in ready condo, approximately 2721 square foot 3 Bedroom plus Den, 4 Bath residence situated on the corner of the 10th floor of this impeccably maintained condo at Turtle Bay House! Step into this spacious and stylish home that boasts North, South, and West exposures, overlooking the landmarked Turtle Bay gardens, ensuring an abundance of natural light in all rooms throughout the day. Among the many outstanding features of this property are a newly renovated eat-in Kitchen and dual Primary Bathrooms, Laundry Room with in-unit washer/dryer, solid oak wood flooring, tremendous closet space, and your own private DEEDED PARKING space!
Recently renovated in 2022, the Kitchen stands out as a showstopper with its marble backsplash, quartz countertops, porcelain floors, and custom Fabuwood cabinets. It’s also adorned with high-end appliances, including Jenn-Air wall oven, microwave, dishwasher, refrigerator, wine fridge, and a 6- burner cooktop. Adjacent to the Kitchen is a lovely Dining area, anchored with an iron/glass chandelier, that comfortably seats 6 to 8, surrounded by two walls of windows, providing light and views. Off the Kitchen and Dining areas is an entertainer’s dream, a massive Living Room/Foyer, complete with a custom-built entertainment/storage unit, built-in desk and beautiful cabinetry that adds charm and functionality. In addition, every room has custom radiator/AC covers which also offer additional storage. The Primary Bedroom is a true sanctuary with sweeping garden views, offering ample space for a King size bed plus seating area, dual full Bathrooms with deep soaking tub and glass enclosed shower, and a truly magnificent Dressing Room fully built out with custom millwork. The second Bedroom is also oversized and boasts its own renovated Bathroom across the hall and lovely tree top views to the west. Down the hall on the opposite side of this apartment is the third Bedroom with Bathroom and a large, connected Den/TV room, ideal for intimate gatherings or as a Home Office. Rounding out this perfect 3 Bedroom home is a walk-in laundry room with Miele washer/dryer and storage. All new Hunter Douglas blinds and stunning chandelier and light fixtures are found in every room of this unique home. As an added bonus, this residence includes a deeded parking space in the private 14-car garage connected to the building!
249 East 48th Street is a full-service condominium with 24 hour doorman, live-in super, porters, handymen and onsite laundry room. The elevators and lobby recently underwent an upgrade and stylish renovation in 2023, featuring a new dedicated package room. Conveniently located on the corner of 2nd Avenue and 48th Street on a block with historic townhouses, this home is just moments away from the East River, Grand Central, Equinox, 4,5,6,S, 7, E and M train lines as well as Metro North and LIRR, a weekly green market, and dozens of restaurants and grocery stores. Pied-a-Terres, guarantors, co-purchasing, gifting, subletting and pets are allowed with board approval. This is also a no flip tax building.
Home Features
- •Common Area
- •Laundry Room
- •In Unit
- •Assigned
- •Deeded
- •Garage
- •Dryer
- •Dishwasher
Building Amenities
- •Assigned
- •Deeded
- •Garage
Estimated Monthly Payment
$19,539 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$41,235
Monthly savings impact
$115/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
135 East 47TH Street #20C, New York City, NY 10017
Listing Courtesy of Douglas Elliman Real Estate
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS20012843
Price Analysis
Compare average listing prices and value metrics for Turtle Bay House against the surrounding Turtle Bay market.
Average List Price
Price Per SqFt
99.83% Lower
than the Turtle Bay price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Turtle Bay
Overview of Turtle Bay
Turtle Bay is a diplomatic and residential enclave on the East Side, stretching from 43rd to 53rd Streets east of Lexington Avenue. Anchored by the United Nations, it feels international yet neighborly. For buyers eyeing Turtle Bay Manhattan real estate, the area offers a quiet retreat in the middle of it all.
Living in Turtle Bay, Manhattan is sophisticated and serene. The streets are lined with diplomatic missions, consulates, and elegant pre-war buildings. As a historic Manhattan NYC neighborhood, it attracts a mix of UN employees, longtime residents, and young professionals seeking value and proximity to Midtown offices.
Real Estate & Housing Market
The inventory of homes for sale in Turtle Bay is diverse. You can find everything from white-glove co-ops on Beekman Place to more affordable post-war condos and brownstones on the side streets. The presence of the UN creates a steady rental market for diplomats, making it attractive for investors.
Turtle Bay often offers better value than its neighbors to the north and south. Buyers can find spacious layouts and river views at price points that are competitive for prime Manhattan. The "Katharine Hepburn Garden" area adds a touch of historic celebrity allure.
Lifestyle & Community
The lifestyle in Turtle Bay is professional and polite. The nightlife on Second Avenue attracts a younger crowd for happy hour, but the side streets remain peaceful. The community is heavily influenced by the international corps of the UN, giving it a unique global flavor.
Residents enjoy a quiet quality of life. The neighborhood has a strong sense of civic pride, evident in the Turtle Bay Association's active care for the local parks and gardens. It feels like a small village tucked behind the skyscrapers.
Transportation & Accessibility
Turtle Bay is convenient for commuters. Grand Central Terminal is within walking distance, providing access to the 4, 5, 6, 7, S trains and Metro-North. The E and M trains at Lexington/53rd offer quick east-west options.
The M15 Select Bus Service on 1st and 2nd Avenues is heavily used by locals. The proximity to the FDR Drive makes leaving the city by car relatively easy compared to other parts of Midtown.
Parks, Schools & Amenities
Dag Hammarskjöld Plaza serves as the neighborhood's gathering place, hosting a greenmarket and events. The quiet Greenacre Park on 51st Street, with its 25-foot waterfall, is a hidden gem for residents seeking tranquility.
Amenities include the Vanderbilt YMCA, numerous diplomatic cultural centers, and a wide array of grocery options from Whole Foods to Morton Williams. The dining scene ranges from classic steakhouses like Smith & Wollensky to varied international cuisines.
Who This Neighborhood Is Best For
Turtle Bay is best for diplomats, midtown office workers, and buyers seeking a quiet, safe, and centrally located home. It balances the convenience of Midtown with the charm of a residential community.
