Multifamily
221 E 48th St
221 E 48th St, New York, NY 10017
Listing Price: $4,500,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer 221 East 48th Street for sale, positioned on a pristine block in Midtown East. Located on North side of 48th Street between Second and Third Avenues, this 5-unit condo redevelopment opportunity is approximately 5,380 square feet. 221 East 48th Street is build 20' x 49' situated on a 20' x 100.42 lot (Block: 1322 and Lot: 11). The property is zoned R8B and is Tax Class 2A.
221 E 48th St
Investment Highlights
- Redevelopment opportunity: pre-war, boutique, luxury condo redevelopment opportunity with approved plans for 8,700 SF
- Blank canvas: currently configured as five, vacant, floor-through units to be repositioned
- Tax Class Protected 2A: tax increases capped at 8% year over year or 30% over any given 5 year period
- Unique layout: all units possess outdoor space/terraces overlooking turtle bay garden
- Ideal location: located on Diplomats Row within 5 blocks of the E, M, and 6 subway lines
Exclusively Listed By
Listing Price: $4,500,000
Investment Highlights
- Redevelopment opportunity: pre-war, boutique, luxury condo redevelopment opportunity with approved plans for 8,700 SF
- Blank canvas: currently configured as five, vacant, floor-through units to be repositioned
- Tax Class Protected 2A: tax increases capped at 8% year over year or 30% over any given 5 year period
- Unique layout: all units possess outdoor space/terraces overlooking turtle bay garden
- Ideal location: located on Diplomats Row within 5 blocks of the E, M, and 6 subway lines
Investment Overview
Marcus & Millichap is pleased to exclusively offer 221 East 48th Street for sale, positioned on a pristine block in Midtown East. Located on North side of 48th Street between Second and Third Avenues, this 5-unit condo redevelopment opportunity is approximately 5,380 square feet. 221 East 48th Street is build 20' x 49' situated on a 20' x 100.42 lot (Block: 1322 and Lot: 11). The property is zoned R8B and is Tax Class 2A.
Exclusively Listed By
