NOT LISTED FOR SALE

Estimated Value: $4,170,000 - $10,398,859

4 Beds
5.5 Baths
3,840 Sq Ft
$1,797/Sq Ft Est. Value

Highlights

  • 1-Story Property
  • P.S. 59 Beekman Hill International Rated A
  • 4-minute walk to Dag Hammarskjöld Plaza

About This Home

As of May 2022

This spectacular 5 floor townhome is delivered with a lush private garden, an abundance of closet space, premier finishes, and unparalleled amenities with its elevator access throughout the home. Luxury and thoughtful design are abundant throughout this 4 bedroom 5.5 bathroom 5,500 SF home. A Georgian fa ade with timeless details welcomes you into the spectacular home, gorgeous hardwood floors flow throughout the stunning space paired with oversized floor to ceiling and casement windows on each floor. Equipped with integrated smart home technology and elevator access on each floor gives this classic home a touch of modernity.



Turtle Bay Gardens is the epitome of iconic living. You're in good company with previous residents Katherine Hepburn, Bob Dylan, Stephen Sondheim, and E.B. White, all who beckoned home to Turtle Bay Gardens.



The famous garden community, developed in 1920, is comprised of 20 homes and gardens on 48th Street and 49th Street between 2nd and 3rd Avenues. Reminiscent of an intimate garden in Italy, a willow tree-lined central esplanade detailed with benches and fountain is shared among the homes with tasteful masonry walls separating individual private green spaces.

Garden Floor:

An open floorplan chef's kitchen delights with a grandiose kitchen island and the perfect breakfast nook to start your days. Beyond the kitchen, 20' ceilings welcome you into the grand room that is bathed in natural light from the wide-set windows and incredible skylight that lead into and a sunroom perfect for more dining and entertaining space. Elegant wainscoting, classic mouldings with gas-burning fire place accentuates the charm and elegance of the garden floor.

Parlour Floor:

The breathtaking formal parlour floor with soaring ceiling heights and floor to ceiling windows overlooks the private garden. Take in the serenity of your private garden on the Juliet balcony just beyond the dramatic windows. A gas-burning marble fireplace creates the perfect ambiance for a cozy night in or for entertaining guests.

Third Floor:

Two gracious bedrooms are situated on the third floor with en-suite baths for each room along with desirable walk-in closets. Storage is no issue as the third floor delivers floor to ceiling custom built closets lining the elegant hallway.

Fourth Floor:

The fourth floor hosts the refined and spacious primary bedroom suite overlooking the serene garden. The primary bathroom is a masterpiece complete with double vanities, a glass-walled shower, and a luxurious marble soaking tub. A grand walk-through closet connects the bedroom with a separate powder room along with multiple custom closets completing this enviable primary home floor.

Fifth floor:

The fifth floor suite is equipped with a private full bathroom and kitchenette providing an ideal arrangement for guests or staff. The towering ceilings paired with the impressive skylight create a stunning finish to this top floor with a south facing balcony and separate terrace facing the private garden for a thoughtfully designed oasis.

Cellar:

The full floor cellar includes an entertainment room with a full bath, the building mechanicals, laundry room, and allows for even more storage space.



Stretching from East 43rd to 53rd Streets and from Lexington Avenue to the East River, Turtle Bay is an international enclave on formerly Dutch farmland. The area boasts dozens of businesses, restaurants, and specialty groceries that cater to a global clientele. Conveniently located near Midtown and the Upper East Side home to spectacular sites including the sculpture garden at Amster Yard or the 25-foot waterfall in Greenacre Park; Turtle Bay Gardens, a cluster of historic townhomes on East 48th and 49th Streets, with an incredible shared garden in between, is the true crown jewel.

Last Agent to Rent the Property

Justin Tuinstra

Douglas Elliman Real Estate License #10401201053 Listed on: 03/15/2022

Douglas Elliman Real Estate

Co-Listed By

Glenn Davis

Douglas Elliman Real Estate License #10301209267

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $74,405

Year Built

  • 1860

Lot Details

  • 2,004

Interior Spaces

  • 1-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • Middle East Side Subdivision

Listing and Financial Details

  • Property Available on 3/15/22

Home Details

Home Type

Single Family

Est. Annual Taxes

$74,405

Year Built

1860

Lot Details

0

Rental Info

  • Available Date: 2022-03-15

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential Lease
  • Neighborhood: Middle East Side
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1860

Interior Features

  • Appliances: Washer Dryer Allowed
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2012
Sold by
Bach Hope H
Bought by
Locascio Robert P
Current Estimated Value
$6,901,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,120,000
Outstanding Balance
$2,176,282
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$4,725,433
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Locascio Robert P $5,200,000 --
Locascio Robert P $5,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Locascio Robert P $1,154,373
Open Locascio Robert P $3,120,000
Closed Locascio Robert P $3,120,000
Previous Owner Bach Julian S $3,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2022 06/12/22 Off Market $55,000 -- --
05/28/2022 05/28/22 Under Contract -- -- --
05/23/2022 05/23/22 Rented $55,000 +10.0% --
05/06/2022 05/06/22 Price Changed $50,000 +11.1% $13 / Sq Ft
03/15/2022 03/15/22 For Rent $45,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $74,405 $388,654 $157,871 $230,783
2024 $74,405 $370,453 $169,020 $231,920
2023 $75,235 $370,453 $115,797 $254,656
2022 $66,840 $516,600 $169,020 $347,580
2021 $73,961 $430,620 $169,020 $261,600
2020 $56,133 $362,040 $169,020 $193,020
2019 $52,053 $362,340 $169,020 $193,320
2018 $50,724 $248,832 $116,072 $132,760
2017 $47,906 $235,008 $85,720 $149,288
2016 $46,577 $232,988 $94,831 $138,157
2015 $26,178 $219,801 $119,233 $100,568
2014 $26,178 $207,360 $113,171 $94,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10774011

Real Estate Board of New York (REBNY)

APN: 1322-0018