NOT LISTED FOR SALE

Estimated Value: $2,840,000 - $3,920,000

3 Beds
3 Baths
1,942 Sq Ft
2022 Built

Sale Details

Date 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 $23,525 / mo

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
56
Current Estimated Value
$3,364,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$635,164
Avg. Annual Appreciation
-5.60%
Original Mortgage
$2,880,000
Outstanding Balance
$2,775,941
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$588,795

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

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
Mcewen Paul $3,600,000 --
Bi Wenmei $2,754,591 --
Source: Public Records

Mortgage 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 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
2026 $39,357 $318,522 $77,925 $240,597
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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