Elegran Real Estate

246 East 48th Street

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.

Amenities

  • Backyard
  • Washer/dryer Allowed
  • Outdoor Areas

Contact the Listing Agents

Building

Address
246 East 48th Street,
New York, NY,
Stories
4
Year Built
1970
Building type
Multi-Family
Subways
E, M, 6, GS, 4, 5, 7

Let's Talk

By submitting the information in this contact box, you agree and acknowledge that a licensed Real Estate Agent affiliated with Elegran Real Estate may contact you about your inquiry via email, phone or text message. This agreement does not constitute a condition of any purchase of property, goods or services from Elegran, can be revoked at any time and is subject to our Terms of Service and Privacy Policy. To opt out of further communications, please email optout@elegran.com. By clicking Submit Request below, you agree to the Terms and Conditions and Privacy Policy of elegran.com.