221 E 48th Street, New York, NY 10017

For Sale$4,750,000

221 East 48th Street, New York, New York, 10017, New York, NY 10017

  • Other

221 E 48th Street, New York, NY 10017, New York, NY 10017 - Other Space

221 E 48th Street, New York, NY 10017 is located at 221 East 48th Street, New York, New York, 10017 in the Turtle Bay neighborhood, NY, New York, 10017. The Class C2 Other building was completed in 1910 and features a total of 6,360 Sqft.

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Details

  • Price $4,750,000
  • City New York
  • Neighborhood Turtle Bay
  • Zip Code 10017
  • Market Manhattan
  • Property Type Other
  • Property Size 6,360 Sqft
  • Lot Size 0.05 Acre
  • Building Class C2
  • Year Built 1910
  • Date Updated 21 Jan, 2021

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Description

Cushman & Wakefield has been retained exclusively to arrange for the sale of 221 East 48th Street, a vacant five-story multifamily building in the heart of Midtown East, adjacent Turtle Bay Gardens. The property presents the incredible opportunity for an investor, developer or user to acquire and reposition a vacant value-add building with significant upside and conversion potential.

The property is currently configured as professional space on the ground floor and apartment units above. The property is 20’-wide and features a private rear garden.

On the north side of East 48th Street between Second and Third Avenues, the location benefits from superior access to public transportation just blocks from Grand Central. Nearby attractions include Turtle Bay, Chrysler Building, the United Nations Headquarters, and countless retail and restaurants.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 221 E 48th Street, New York, NY 10017?

221 E 48th Street, New York, NY 10017 totals 6,360 square feet.

When was this property built?

221 E 48th Street, New York, NY 10017 was built in 1910.

Turtle Bay Demographics

The average household income in zip code 10017 is $174,635, from a total of 9,905 households. In terms of employment, there are 96.68 % white-collar and 3.32 % blue-collar jobs in zip code 10017.

Population

  • Total Population14,801
  • Male Population(45.2 %) 6,694
  • Female Population(54.8 %) 8,107
  • Median Age44.00

Income/Financial

  • Average Household Income$194,671
  • Median Household Income$131,434
  • Median Income Under 25$63,403
  • Median Income 25-44$147,718
  • Median Income 45-64$172,598
  • Median Income Over 65$79,713

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John Ciraulo

Cushman & Wakefield

(212) 660-7700

Craig Waggner

Cushman & Wakefield

(212) 660-7744

William Conrad

Cushman & Wakefield

(212) 660-7740

Michael Kavanagh

Cushman & Wakefield

(212) 660-7765

John Paul Will

Cushman & Wakefield

(212) 660-7718

Zachary Larsen

Cushman & Wakefield

(212) 841-5914

Charlotte Redican

Cushman & Wakefield

(212) 713-6850