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249 E 48th St
New York, NY 10017 Turtle Bay

Price Upon Request

Apartments Condo For Sale  •  7,418 SF

Property Details

  • Property Type Apartments
  • Total Building Size 154,071 SF
  • Lot Size 0.32 AC
  • Building Class B
  • Year Built 1959
  • Zoning C1-9 R8B
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 1-3 Retail 7,418 SF Price Upon Request
  • Unit Size: 7,418 SF
  • Condo Use: Retail
  • Price: Price Upon Request
  • Sale Type: Investment
Description
Avison Young, as exclusive agent, is pleased to offer for sale three retail condominium units (the “Property”) totaling 7,418 square feet at the base of Turtle Bay House, located at the corner of East 48th Street and Second Avenue in one of Midtown Manhattan’s most established residential neighborhoods. Featuring 112’ of frontage on 2nd Avenue, this offering represents a rare opportunity to acquire a fully occupied, income producing retail portfolio underpinned by long-term tenancies, meaningfully below-market rents, and a compelling value-add thesis through tax remediation.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Disposal
  • Laundry Facilities
  • Property Manager on Site
  • Spa
  • Heating
  • Doorman
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Roof Terrace
  • Elevator
  • Maintenance on site
  • Patio
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Grand Central (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 1 min 7 min 0.4 mi
Grand Central (Danbury - Metro-North Railroad, Harlem - Metro-North Railroad, Hudson - Metro-North Railroad, New Canaan - Metro-North Railroad, New Haven - Metro-North Railroad) 2 min 10 min 0.6 mi
Transit/SubwayDriveWalkDistance
51 Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 6 min 0.4 mi
Lexington Av/53 St (8 Avenue Local - MTA New York City Transit, Queens Blvd Local/6 Av Local - MTA New York City Transit) 2 min 6 min 0.4 mi
Lexington Avenue-53 Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 8 min 0.5 mi
Grand Central-42 Street (4 - New York MTA Subway (The Subway), 42 St Shuttle - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway), 7 - New York MTA Subway (The Subway)) 1 min 11 min 0.6 mi
Grand Central-42 St (42 St Shuttle - MTA New York City Transit) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 16 min - 7.1 mi
Newark Liberty International 22 min - 15.2 mi
John F Kennedy International 26 min - 16.7 mi
Eric Karmitz 201-874-5017 Avison Young
Eric Karmitz 201-874-5017 Avison Young