NOT LISTED FOR SALE

Estimated Value: $2,871,000 - $4,070,000

3 Beds
3 Baths
1,942 Sq Ft
$2,283/ mo HOA Fee

Last Sold May 10, 2023

Last sale price $3,999,900 $2,060 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $23,134/month

73 Days on Market

Highlights

  • New Construction
  • 4-minute walk to 51 Street
  • Terrace
  • P.S. 59 Beekman Hill International Rated A
  • City View
  • 2-minute walk to Greenacre Park

About This Home

As of May 2023

BRAND NEW LUXURY BOUTIQUE CONDOMINIUM BUILDING IN MIDTOWN EAST!

IMMEDIATE OCCUPANCY. FULL-FLOOR RESIDENCE WITH PRIVATE ELEVATOR LANDING!

Residence #16 is an expansive full-floor three-bed/three-bath that includes an exquisitely crafted indoor space (1,942 SF) and two private balconies (285 SF).

A private elevator entry leads to the open Great Room with high ceilings. This full-floor luxury residence offers south, west, and north views of the Manhattan skyline with floor-to-ceiling windows. Its insulated windows mitigate any noise from the city to ensure a tranquil environment indoors.

The open kitchen offers custom modern cabinetry with a quartz countertop, and the appliances are from Bosch including a refrigerator, convection oven, five burner gas cooktop, and dishwasher. The kitchen also comes with a vented-out range hood, which rarely can be found in Manhattan. A private laundry room in the unit with LG smart washer and vented-out dryer.

All three bedrooms have double exposures, and the en-suite primary bedroom features an expansive walk-in closet and freestanding soaking tub. In addition, all the bathrooms are custom designed with a luxury European package of appliances and finishes. All three bathrooms have radiant heat floors.

Designed by Architect Isaac and Stern, 249 East 50th Street Condominium is a brand-new boutique development. Striking a balance between modern and conservative, the building's facade of limestone panels and large windows was designed to blend seamlessly into the Midtown East neighborhood. The development is a full-service doorman building with an array of amenities, including a gym, bike storage, and a roof deck.

Located in the Turtle Bay neighborhood of Manhattan, 249 East 50th is only two blocks from the 6, M, and E trains. In addition, the neighborhood's proximity to the United Nations provides unique and unparalleled access to international flavors.

249 East 50th is at the center of it all, with a plethora of upscale restaurants and eateries like Avra Estiatorio and Smith and Wollensky. A range of grocery stores is also nearbyfrom the natural and organic-focused Whole Foods Market to D'Agostino and Morton Williams.

The property tax can be 17.5% lower if the unit is used as a primary residence and held under personal names.

Photos are virtually staged. Contact the listing agents now to schedule a private viewing.

Last Agent to Sell the Property

Calvin Xu

Christies International Real Estate Group LLC License #10301217841 Listed on: 12/13/2022

Christies International Real Estate Group LLC

Co-Listed By

Yueqiang Qi

Christies International Real Estate Group LLC License #10301222935

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $39,084

Year Built

  • Built in 2022 | New Construction

HOA Fees

  • $2,283 Monthly HOA Fees

Home Design

  • Entry on the 16th floor

Interior Spaces

  • 1,942 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Terrace

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 21 / 1324

Community Details

Overview

  • Turtle Bay Subdivision
  • 15-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$39,084

Year Built

Built in 2022 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$2,283 per month

Listing Details

  • Cross Street: Third Avenue/Second Avenue
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Turtle Bay
  • Entry Level: 16
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 15

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1942.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony
  • Patio/Porch Features: Terrace, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2283.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: Yes
  • Total Stories: 15
  • Year Built: 2022

Tax Info

  • Tax Block: 1324
  • Tax Lot: 21
  • Tax Annual: 39084.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
May 9, 2023
Sold by
Bi Wenmei and Cheng Peter H
Bought by
Mcewen Paul
Seller's Agent
Calvin Xu
Christies International Real Estate Group LLC
List Price
$3,999,900
Sold Price
$3,999,900
Views
57
Current Estimated Value
$3,376,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$623,297
Avg. Annual Appreciation
-5.75%
Original Mortgage
$2,880,000
Outstanding Balance
$2,798,301
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$578,302

Purchase Details

Closed on
Nov 10, 2022
Sold by
50 Tun Trust and Daw Khin Su Limited Partnership
Bought by
Bi Wenmei and Cheng Peter H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
7.08%
Mortgage Type
Unknown
Source: Public Records
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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
Mcewen Paul $3,600,000 --
Bi Wenmei $2,754,591 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcewen Paul $2,880,000
Previous Owner Bi Wenmei $1,650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2023 05/10/23 Sold $3,999,900 0.0% $2,060 / Sq Ft
02/25/2023 02/25/23 Pending -- -- --
12/13/2022 12/13/22 For Sale $3,999,900 -- $2,060 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $39,385 $314,857 $77,925 $236,932
2024 $39,385 $315,031 $77,924 $237,107
2023 $39,834 $318,624 $77,924 $240,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10846775

Real Estate Board of New York (REBNY)

APN: 1324-1126

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