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  • Price cut: $525K (7/17)
    $9,975,000

    241 E 48th St, New York, NY 10017

    4beds
    5,500sqft
    Loading
    Single Family Residence
    Built in 1899
    -- sqft lot
    $9,439,200 Zestimate®
    $1,814/sqft
    $-- HOA

    What's special

    Gas fireplaceHistoric townhousesAbundant custom closetsDramatic waterfall islandCustom built-in librarySteel-reinforced constructionExtraordinary full-floor primary suite
    241 East 48th Street | Turtle Bay Gardens Timeless Architecture. Bespoke Craftsmanship. Extraordinary Living Welcome to 241 East 48th Street, a distinguished 20-foot-wide Georgian townhouse offering 5,500 square feet of impeccably restored living space. Completed and delivered in 2020 following a comprehensive ground-up rebuild, this exceptional residence seamlessly marries historic grandeur with contemporary sophistication. Situated within the coveted Turtle Bay Gardens, one of Manhattan’s most exclusive and architecturally significant enclaves, the home enjoys privileged access to the private, willow-lined residents’ garden while offering a rare sanctuary moments from the heart of Midtown. Highlights • Masterfully Restored and Crafted Effectively new construction completed and delivered in 2020, the original structure was demolished down to the ground and rebuilt in full, with only one side wall of the original building retained. The residence features bespoke finishes, custom millwork, and exquisite materials sourced from Portugal, all while honoring the home’s original architectural character. • New Systems and Infrastructure All building systems date to the 2020 rebuild, including all-new plumbing and piping and all-new electrical systems, built to the highest current code and city standards. • 4 Bedrooms | 5 Full Baths | 2 Powder Rooms | Private Elevator Thoughtfully designed for modern living with smart-home automation, advanced security, steel-reinforced construction, humidity-controlled zoned HVAC, and seamless elevator access to every floor. • Exceptional Outdoor Living A beautifully landscaped private garden complemented by exclusive access to the iconic, willow-lined Turtle Bay Gardens, one of New York City’s most treasured private green spaces. • A Storied Address Located within the legendary Turtle Bay Gardens, whose notable residents have included Katharine Hepburn, Bob Dylan, Stephen Sondheim, and E. B. White. Residence Garden Level A spectacular chef’s kitchen appointed with a top-tier appliance suite and dramatic waterfall island flows effortlessly into an expansive Great Room with soaring 20-foot ceilings and skylights. A glass-enclosed dining pavilion opens directly onto the garden, creating an extraordinary indoor-outdoor living experience. Gas fireplace and elegant powder room complete the floor. Parlor Level A magnificent formal living room with soaring ceilings overlooks the Great Room below through a Juliet balcony. Custom built-in library, gas fireplace, and refined architectural detailing create an atmosphere of understated elegance. Third Floor Two generously proportioned bedroom suites, each with luxurious en-suite baths, abundant custom closets, and tranquil garden or townhouse views. Fourth Floor An extraordinary full-floor primary suite featuring a spa-inspired marble bath with soaking tub, oversized shower, double vanity, and an expansive custom-designed dressing room worthy of a world-class boutique. Fifth Floor A light-filled loft-style office or guest suite with kitchenette, full windowed bath, and private terrace overlooking the lush gardens below. Cellar A beautifully finished recreation room or fitness studio, full bath, laundry, mechanical systems, and extensive storage. The Neighborhood Turtle Bay is one of Manhattan’s most refined residential enclaves, celebrated for its elegant tree-lined streets, historic townhouses, and remarkable sense of tranquility. Moments from Grand Central Terminal, the United Nations, Beekman Place, Sutton Place, and the East River waterfront, the neighborhood offers an effortless blend of international prestige and old New York charm. Hidden gardens, intimate cafés, and pocket parks create an atmosphere rarely found in Midtown, making Turtle Bay one of the city’s most coveted addresses.
    5 days
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    572
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    54
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Compass,

    Julie Pham,

    Sarah Jackson

    Source: StreetEasy,MLS#: S1838710

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bike Room, Media Room, Package Room
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Washer/Dryer
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: Yes
      Interior area
      • Total structure area: 5,500
      • Total interior livable area: 5,500 sqft
      Video & virtual tour

      Property

      Features
      • Patio & porch: Other, Terrace
      • Exterior features: Courtyard, Balcony, Garden, Terrace
      • Has view: Yes
      • View description: City, Garden, Park/Greenbelt, Skyline
      Details
      • Parcel number: 013220018
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1899

      Community & HOA

      Community
      • Subdivision: Turtle Bay
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry, Fitness Center
      Location
      • Region: New York

      Financial & listing details

      • Price per square foot: $1,814/sqft
      • Tax assessed value: $6,935,000
      • Annual tax amount: $78,408
      • Date on market: 7/17/2026

        Estimated market value

        $9,439,200

        $8.97M - $9.91M

        $8,443/mo

        Price history

        DateEventPrice
        7/17/2026Price change$9,975,000-5%$1,814/sqft
        Source: StreetEasy #S1838710 Report a problem
        6/30/2026Listed for rent$38,750+2%$7/sqft
        Source: Zillow Rentals Report a problem
        10/29/2025Listing removed$38,000$7/sqft
        Source: Zillow Rentals Report a problem
        10/2/2025Price change$38,000-5%$7/sqft
        Source: Zillow Rentals Report a problem
        9/17/2025Listed for rent$40,000-20%$7/sqft
        Source: Zillow Rentals Report a problem
        6/23/2025Price change$10,500,000-8.7%$1,909/sqft
        Source: StreetEasy #S1762913 Report a problem
        4/2/2025Price change$11,500,000-10.9%$2,091/sqft
        Source: StreetEasy #S1762913 Report a problem
        10/15/2024Listed for sale$12,900,000-7.5%$2,345/sqft
        Source: StreetEasy #1739927 Report a problem
        10/7/2024Listing removed$13,950,000$2,536/sqft
        Source: StreetEasy #22952730 Report a problem
        4/8/2024Listed for sale$13,950,000+168.3%$2,536/sqft
        Source: StreetEasy #22952730 Report a problem
        5/13/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/1/2023Listed for rent$50,000$9/sqft
        Source: Zillow Rentals Report a problem
        5/20/2022Listing removed--
        Source: Douglas Elliman Report a problem
        5/6/2022Price change$50,000+11.1%$9/sqft
        Source: Douglas Elliman Report a problem
        3/15/2022Listed for rent$45,000$8/sqft
        Source: Douglas Elliman Report a problem
        9/24/2012Sold$5,200,000-11.9%$945/sqft
        Source: Public Record Report a problem
        8/18/2012Pending sale$5,900,000$1,073/sqft
        Source: STRI STRIBLING & ASSOCIATES REBNY Report a problem
        3/10/2012Listed for sale$5,900,000$1,073/sqft
        Source: STRI STRIBLING & ASSOCIATES REBNY Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$78,061 +4.9%$416,100 -7.9%
        2024$74,405 -1.1%$451,980 -16.4%
        2023$75,235 $540,720 +4.7%
        2022-- $516,600 +20%
        2021-- $430,620 +18.9%
        2020-- $362,040 -0.1%
        2019$52,670 +1.2%$362,340 +45.6%
        2018$52,053 +8.7%$248,832 +5.9%
        2017$47,906 +2.9%$235,008 +0.9%
        2016$46,577 $232,988 +6%
        2015$46,577 +77.9%$219,801 +6%
        2014$26,178 $207,360
        2013-- $207,360 +5.9%
        2012-- $195,840 +0.9%
        2011-- $194,157 +6%
        2010-- $183,168 +6%
        2009-- $172,800
        2008-- $172,800 +5.9%
        2007-- $163,200 +0.9%
        2006-- $161,798 +6%
        2005-- $152,640 +6%
        2004-- $144,000
        2003-- $144,000 +5.9%
        2002-- $136,000 +0.9%
        2001-- $134,832 +6%
        2000-- $127,200
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Turtle Bay

        Getting around

        100 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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