$3,325,000
PENDING $370K PRICE DROP

315 E 51st St New York, NY 10022

Turtle Bay Neighborhood

Estimated payment $26,175/month

Total Views 105
10 Beds
8.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • 5-minute walk to 51 Street
  • 2-minute walk to Greenacre Park
  • P.S. 59 Beekman Hill International Rated A

About This Home

315 East 51st Street is a 7-unit income producing investment property. The property currently consists of a total of five (5) free market rental units, with two (2) stabilized units. Several units have been recently renovated and others are meticulously well-maintained. Excellent midtown location surrounded by beautiful townhouses.



The house is comprised of a ground floor duplex 3-bed/2-bath unit, along with a spacious north facing Garden. The second and third floor's both have one (1) bedrooms respectively. The apartments feature spacious bedrooms. The top floor penthouse duplex features updated finishes, 2 bedrooms, washer/dryer in unit, soaring double height ceilings with a breathtaking skylight. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals or convert to a grand single family residence.This property is also an ideal turn-key opportunity for those seeking to live with income in an immaculate 3 bedroom garden duplex with a large north-facing garden.

Specifications:

Stories: 5

Building Sq. Ft.: 5,760 Sq. Ft.

Building Width: 18.75 Ft.

Building Depth: 60 Ft.

Lot Width: 18.75 Ft

Lot Depth: 100.42 Ft.

Annual Taxes: $91,409.64



Current rent roll: $246,462

Perfect 1031 investment property with add on value opportunity. Several units are below market rent from Covid which can be raised at renewal.



All showings are by appointment only require advance notice for access.

Listing Agent

Samuel Gilbert

Brown Harris Stevens Residential Sales LLC License #10401337856

Brown Harris Stevens Residential Sales LLC

Co-Listing Agent

Paul Anand

Brown Harris Stevens Residential Sales LLC License #30AN0962957

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $91,404

Year Built

  • Built in 1900

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 100.00x18.00

Bedrooms and Bathrooms

  • 10 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 9 Units
  • Turtle Bay Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 0016 / 01824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$91,404

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Turtle Bay
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area Units: Square Feet
  • Rooms (Total): 15
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Bathrooms Integer: 9
  • Bedrooms: 10

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: Wall Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1800.0
  • Lot Size Dimensions: 100.00x18.00
  • Zoning Description: R8B

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 9
  • Total Stories: 5
  • Year Built: 1900

Tax Info

  • Tax Block: 01824
  • Tax Lot: 0016
  • Tax Annual: 91404.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $98,722 $789,653 $508,500 $528,897
2023 $89,691 $731,160 $259,896 $471,264
2022 $88,480 $1,645,200 $508,500 $1,136,700
2021 $90,285 $1,598,400 $508,500 $1,089,900
2020 $85,795 $1,679,400 $508,500 $1,170,900
2019 $79,797 $1,724,400 $508,500 $1,215,900
2018 $76,886 $604,500 $198,225 $406,275
2017 $76,886 $604,500 $224,183 $380,317
2016 $72,988 $566,150 $231,625 $334,525
2015 $31,590 $542,376 $234,912 $307,464
2014 $31,590 $502,200 $233,437 $268,763
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Price Changed $3,325,000 -10.0% --
09/17/2024 09/17/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $3,695,000 -- --
Source: Real Estate Board of New York (REBNY)

Deed History

Date Type Sale Price Title Company
Deed $3,325,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 Purchase Money Mortgage
Closed $249,875 Unknown
Source: Public Records

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See All Homes in New York

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11009922

Real Estate Board of New York (REBNY)

APN: 1344-0007

New York New York County New York 10022 Turtle Bay

315 E 51st St, New York, NY

Homes for Sale in New York, NY

This home is located at 315 E 51st St, New York, NY 10022 and is currently priced at $3,325,000. This property was built in 1900. 315 E 51st St is a home located in New York County with nearby schools including P.S. 59 Beekman Hill International, Simon Baruch Middle School 104, and Clinton School.

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Real Estate Board of New York (REBNY) 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.

RLS Data display by Homes.com LLC

Listing Agent
Samuel Gilbert
Section Image
Brown Harris Stevens Residential Sales LLC
(917) 922-8147