241 E 48th St New York, NY 10017
Turtle Bay NeighborhoodEstimated payment $70,386/month
Total Views
4,620
5
Beds
5.5
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Deck
- Wood Flooring
- No HOA
- P.S. 59 Beekman Hill International Rated A
- Terrace
- 4-minute walk to Dag Hammarskjöld Plaza
About This Home
241 East 48th Street – Endless Elegance, Historic Roots, Modern Luxury
Located in prestigious Turtle Bay Gardens, a historic and exclusive enclave with a shared, manicured garden where properties rarely become available
Once home to notable residents: Katherine Hepburn, Bob Dylan, Stephen Sondheim, E.B. White
Approximately 5,500 SF | 20’ wide Georgian townhouse | 5 floors + finished cellar
Multi-year, Landmarks-approved, level-five gut renovation—ensuring the highest standards in preservation and quality—with custom finishes from Portugal
4 Bedrooms | 5.5 Bathrooms | Elevator access to all floors
Smart home and security system for enhanced convenience and peace of mind | Steel-reinforced structure ensures long-term durability and silent floors | Humidity-controlled, zoned HVAC provides personalized comfort and energy efficiency throughout the home| Steel-reinforced structure | Humidity-controlled, zoned HVAC
Ground Floor: Chef’s kitchen with waterfall island, sunlit grand room with 20’ ceilings and skylight, dining area, gas fireplace, powder room
Parlor Floor: Formal living room, Juliet balcony, gas fireplace, built-in library
Third Floor: Two en-suite bedrooms with expansive closets, garden, and street views
Fourth Floor: Full-floor primary suite with spa bath, soaking tub, shower, double vanity, walk-in closet
Fifth Floor: Open loft-style suite, full bath, kitchenette, terrace overlooking private garden
Cellar: Entertainment room/gym, full bath, mechanicals, laundry, ample storage
Lush private garden + access to Turtle Bay’s willow-lined communal esplanade
Prime Midtown East location, near cultural institutions, fine dining, UN, and East River
Offered well below replacement value—estimated to save the new owner over $2 million in renovation costs—this is a true turnkey masterpiece
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $74,400
Year Built
- Built in 1860
Lot Details
- 2,008 Sq Ft Lot
- North Facing Home
Interior Spaces
- 4-Story Property
- Wood Burning Fireplace
- Wood Flooring
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
- Deck
- Patio
- Terrace
Listing and Financial Details
- Legal Lot and Block 0018 / 01322
Community Details
Overview
- No Home Owners Association
- Turtle Bay Subdivision
Amenities
- Building Patio
- Building Terrace
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $74,405 | $370,453 | $169,020 | $231,920 |
| 2023 | $75,235 | $370,453 | $115,797 | $254,656 |
| 2022 | $66,840 | $516,600 | $169,020 | $347,580 |
| 2021 | $73,961 | $430,620 | $169,020 | $261,600 |
| 2020 | $56,133 | $362,040 | $169,020 | $193,020 |
| 2019 | $52,053 | $362,340 | $169,020 | $193,320 |
| 2018 | $50,724 | $248,832 | $116,072 | $132,760 |
| 2017 | $47,906 | $235,008 | $85,720 | $149,288 |
| 2016 | $46,577 | $232,988 | $94,831 | $138,157 |
| 2015 | $26,178 | $219,801 | $119,233 | $100,568 |
| 2014 | $26,178 | $207,360 | $113,171 | $94,189 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | For Sale | $11,500,000 | 0.0% | -- |
| 06/12/2022 06/12/22 | Off Market | $55,000 | -- | -- |
| 05/28/2022 05/28/22 | Under Contract | -- | -- | -- |
| 05/23/2022 05/23/22 | Rented | $55,000 | +10.0% | -- |
| 05/06/2022 05/06/22 | Price Changed | $50,000 | +11.1% | $13 / Sq Ft |
| 03/15/2022 03/15/22 | For Rent | $45,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $5,200,000 | -- | |
| Deed | $5,200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,154,373 | Unknown | |
| Open | $3,120,000 | Purchase Money Mortgage | |
| Closed | $3,120,000 | Purchase Money Mortgage | |
| Previous Owner | $3,750,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Similar Homes in New York, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20013473
APN: 1322-0018
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