NOT LISTED FOR SALE

Estimated Value: $8,618,463

7 Beds
7.5 Baths
6,800 Sq Ft
$1,267/Sq Ft Est. Value

Sale Details

Date Sold: April 21, 2021

Last sale price $8,400,000 $1,235 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $55,168 / mo

143 Days on Market

Highlights

  • Rooftop Deck
  • Terrace
  • Eat-In Kitchen
  • P.S. 59 Beekman Hill International Rated A
  • Balcony
  • 3-minute walk to Dag Hammarskjöld Plaza

About This Home

As of April 2021

244 East 48th Street is a new construction six and a half story, 6,800 square foot luxurious single-family townhouse. The home recently underwent a 2-year gut renovation completed in 2016. Discover a home that is ideal for entertaining up to a hundred guests or for relaxing in the privacy of the expansive living quarters. The home features the finest in natural woods, stone, and finishes. All mechanicals, plumbing, lighting, and electrical system have been precisely planned and newly installed, providing the utmost in Manhattan townhouse living. Additional features of this mansion include seven bedrooms and eight bathrooms. The serene outdoor spaces include a large, landscaped south facing private garden, south-facing balcony off the kitchen, generous north facing terrace on the sixth floor, and full-floor roof deck. Moreover, there is a newly installed 5 passenger hydraulic elevator servicing all 6 levels, central A/C, radiant heat, and a retractable wall of windows on both the garden level and parlor floor. The magnificent parlor level floor boasts 11' ceilings, and an abundance of light that permeates through a wall of windows in the rear of the home. The parlor floor's open layout further enhances the homes light airy quality. Walking through the entry foyer one is welcomed into a truly expansive sitting room, which unfurls into a small breakfast sitting area slowly opening up into a one of a kind custom built kitchen. The kitchen is perfectly framed by a wall of floor to ceiling windows. The custom-built kitchen is equipped with state of the art Gaggenau appliances, and finished with a Carrera marble countertop. Ideal for a catering event, chef-inspired 5-course meal or a relaxed dinner after work. Also included on the parlor level are a powder room, gas fireplace, elevator, and access to the private garden through the kitchen's balcony. Upon entering the garden level's service entrance an inviting corridor leads you into a plush sitting room with gas burning fireplace, beyond the sitting room is the dining room area. A wall of windows opens into the landscaped garden. Also included on this floor are a bedroom, full bathroom, elevator access, and access to a finished cellar. The third floor contains two bedrooms, both en suite, and washer/dryer room. The fourth floor contains two bedrooms both en suite and a separate sitting room. The luxurious master suite level is a discreet hideaway. Through two doors one is welcomed into their own exclusive oasis. The fifth floor, north-facing master bathroom is impeccably designed, immense in size, and designed with the highest quality marble. In addition, there is a state of the art steam/shower spa room, and freestanding bathtub. The south-facing master bedroom is flooded with light, features a walk-in closet, plush sitting area, and open city views. The sixth floor offers impressive 11' ceilings, floor to ceiling north/south windows, which further immerse this grand floor in natural light. An open common area, make for a perfect entertainment area, office or art studio. There is access to a sizeable sun-soaked terrace overlooking the celebrated Turtle Bay Gardens. A south-facing bedroom, en suite bathroom, and walk-in closet make up the floors rear. Lastly, this level grants access to the homes full-floor roof deck with open city views. A finished basement/cellar with a room perfect for wine storage and entertainment rounds out the well thought out layout and design of 244 East 48th Street.

Last Agent to Sell the Property

Matthew Lesser

Leslie J Garfield & Co Inc License #10301217047 Listed on: 09/05/2017

Co-Listed By

Ravi Kantha

Serhant License #10301211231

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • 1,874 Sq Ft Lot
  • Lot Dimensions are 18.67 x 100.42
  • Garden

Interior Spaces

  • 6,800 Sq Ft Home
  • Wood Burning Fireplace
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Balcony
  • Terrace

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 01321

Community Details

Overview

  • Turtle Bay Subdivision
  • 5-Story Property

Amenities

  • Rooftop Deck
  • Community Garden
  • Building Terrace

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

1,874 Sq Ft Lot

Listing Details

  • Exposures: North,South
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Turtle Bay
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 6800.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Bathrooms Integer: 8
  • Bedrooms: 7

Exterior Features

  • Exterior Features: Building Garden, Balcony, Building Roof Deck, Garden
  • Patio/Porch Features: Building Terrace, Terrace, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Area: 1874.0
  • Lot Size Dimensions: 18.67 x 100.42

Building Info

  • Units: 1
  • Total Stories: 5
  • Year Built: 1899

Tax Info

  • Tax Block: 01321

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2017
Closed on
Apr 21, 2021
Sold by
Bought by
Seller's Agent
Matthew Lesser
Leslie J Garfield & Co Inc
List Price
$14,950,000
Sold Price
$8,400,000
Premium/Discount to List
-$6,550,000
-43.81%
Current Estimated Value
$8,618,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,463
Avg. Annual Appreciation
0.71%

Purchase Details

Closed on
Jan 27, 2014
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$8,400,000 --
$4,235,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/19/2023 02/19/23 Off Market $8,400,000 -- --
04/21/2021 04/21/21 Sold $8,400,000 -43.8% $1,235 / Sq Ft
06/27/2019 06/27/19 For Sale $14,950,000 -- $2,199 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 -- $895,050 $341,142 $553,908
2025 -- $4,384,350 $355,556 $4,028,794
2024 -- $567,540 $536,760 $197,570
2023 $0 $607,680 $574,740 $32,940
2022 $0 $630,480 $574,740 $55,740
2021 $75,802 $671,280 $574,740 $96,540
2020 $71,926 $716,160 $574,740 $141,420
2019 $68,193 $830,700 $574,740 $255,960
2018 $57,096 $280,088 $206,001 $74,087
2017 $55,405 $271,794 $205,146 $66,648
2016 $53,247 $266,355 $213,615 $52,740
2015 $23,594 $194,868 $181,934 $12,934
2014 $23,594 $179,712 $150,019 $29,693
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10874813

Real Estate Board of New York (REBNY)

APN: 1321-0131

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