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.

Property Details of 246 East 48th Street, Unit Building

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Listed by Julio Garcia and William Yau of Elegran LLC

Based on information submitted to REBNY as of June 25, 2022 8:49 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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