$5,100,000

Estimated payment $27,923/month

Total Views 2,590
6 Beds
8 Baths
7,000 Sq Ft
$729 Price per Sq Ft

About This Home

The 22-foot-wide townhouse at 348 East 55th Street is located on a quiet, tree-lined block adjacent to the sought-after Sutton Place neighborhood, offering an exceptional opportunity to create a unique and tailored space in one of Manhattan’s most desirable areas. Spanning five stories and approximately 7,000 square feet, the property is just steps from major offices, the United Nations, and an array of dining, shopping, and cultural landmarks.Currently used for an institution, the townhouse provides immense flexibility for a range of uses. It is perfectly suited for conversion to a single-family home, boutique condominium development, a nonprofit headquarters, or even an ambassador’s residence. With the potential to expand the property to approximately 9,000 square feet, developers and end-users alike will appreciate the opportunity to reimagine and maximize the space to suit their specific needs.Midtown East is renowned for its blend of residential charm and urban convenience. Tree-lined streets and proximity to the East River offer a tranquil setting, while easy access to public transportation and Midtown’s business district make it an ideal location for both personal and professional use. This townhouse represents a rare chance to invest in a well-positioned property with endless potential in one of Manhattan’s most sought-after neighborhoods.

Listing Agent

Caylyn Sullivan

Leslie J Garfield & Co Inc License #10401263768 Listed on: 02/25/2025

Co-Listing Agent

Jed Garfield

Leslie J Garfield & Co Inc License #10311200483

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,242 Sq Ft Lot
  • Lot Dimensions are 22 x 100

Home Design

  • 7,000 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • No Home Owners Association
  • Sutton Subdivision
  • 5-Story Property

Listing and Financial Details

  • Property Available on 2/25/25
  • Legal Lot and Block 0032 / 01347

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Sutton
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Fireplace: No
  • Living Area: 7000.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Bathrooms Integer: 7
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Other

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2242.0
  • Lot Size Dimensions: 22 x 100

Building Info

  • New Construction: No
  • Total Stories: 5
  • Year Built: 1930

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-02-25

Tax Info

  • Tax Block: 01347
  • Tax Lot: 0032

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 -- $1,243,350 $484,650 $758,700
2024 -- $1,225,350 $484,650 $740,700
2023 $0 $1,200,600 $484,650 $715,950
2022 $0 $1,132,200 $484,650 $647,550
2021 $0 $1,038,600 $484,650 $553,950
2020 $0 $1,279,800 $484,650 $795,150
2019 $0 $1,242,000 $484,650 $757,350
2018 $0 $1,193,400 $484,650 $708,750
2017 $0 $1,124,100 $484,650 $639,450
2016 $0 $1,068,300 $484,650 $583,650
2015 -- $1,009,350 $484,650 $524,700
2014 -- $946,242 $484,650 $461,592
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $5,100,000 -- $729 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Similar Homes in New York, NY

  • 416 E 50th St, New York, NY 10022

    $4,700,000

    • 6 Beds
    • 5 Baths
    • 4,500 Sq Ft
    • 416 E 50th St
    • New York, NY

    Open House by Appointment Only. Located in the highly desirable neighborhood of Beekman Place, 416 East 50th Street is for sale as a live with income or investment property. The property currently sits as a 20-ft wide, 4,500-sf, 5-story townhouse with 3 units, a large, south-facing garden and private roof deck. With additional F.A.R. available, this is also perfectly

    Sere Conde Douglas Elliman Real Estate

    Section Image
  • 219 E 49th St, New York, NY 10017

    $4,995,000

    • 6 Beds
    • 8 Baths
    • 6,901 Sq Ft
    • 219 E 49th St
    • New York, NY

    Bahaus-Moderne Masterpiece...Only the second time on the market since it was built, be the proud new owner of the historic Morris Sanders House featured in the March 1936 edition of "Architecture Forum" when newly built. This home is one of the few surviving structures that bridge the Bauhaus and Moderne movements. All original details are intact and await to be lovingly

    Martin Eiden Compass

    Section Image
  • 242 E 40th St, New York, NY 10016

    $4,289,000

    • 8 Beds
    • 7 Baths
    • 4,500 Sq Ft
    • 242 E 40th St
    • New York, NY

    4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.² - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and

    alice gu Oxford Property Group USA

    Section Image
  • 166 E 74th St, New York, NY 10021

    $5,950,000

    • 5 Beds
    • 5.5 Baths
    • 4,300 Sq Ft
    • 166 E 74th St
    • New York, NY

    Incredible opportunity to purchase a 2 family townhouse on a prime Upper Eastside block. 166 East 74th Street is nestled between Lexington and Third Avenues and represents outstanding value for a home that has been owned and enjoyed by one entity for decades. The front door opens to the house on the street level through a gated courtyard and then an entrance foyer leading to both the

    Cordelia Robb Brown Harris Stevens Residential Sales LLC

    Section Image
  • 206 E 35th St Unit TH, New York, NY 10016

    $5,750,000

    • 8 Beds
    • 8 Baths
    • 4,864 Sq Ft
    • 206 E 35th St
    • Unit TH
    • New York, NY

    206-208 East 35th Street presents a rare opportunity to acquire two adjacent, four-family buildings-totaling eight units-in the heart of Murray Hill. These three-story walkups can be delivered vacant and are situated on a prime residential block with zoning that allows for future expansion through UNUSED AIR RIGHT. The buildings offer stable rental income potential with the flexibility

    Emanuele Fiore Serhant

    Section Image
  • 168 E 75th St, New York, NY 10021

    $5,500,000

    • 4 Beds
    • 4.5 Baths
    • 5,450 Sq Ft
    • 168 E 75th St
    • New York, NY

    Originally conceived as one of five "automobile stables" that occupies 168 -176 East 75th street, this landmarked town house and its neighbors were designed by Hill and Stout in 1902 for the use of wealthy New Yorkers living in nearby mansions who sought private accommodations for their automobiles. They were the first garages erected for private use in the city. The first of the row, 168, is

    Sabrina Saltiel Douglas Elliman Real Estate

    Section Image
  • 197 E 76th St, New York, NY 10021

    $4,175,000

    • 4 Beds
    • 3 Baths
    • 3,912 Sq Ft
    • 197 E 76th St
    • New York, NY

    197 East 76th Street is a south-facing townhouse offering an exceptional blend of elegance, space, comfort, privacy and convenience in the heart of Lenox Hill. This charming residence boasts a private elevator, a stunning sunroom and accompanying terrace, and an inviting layout spread across five floors. The building also enjoys the flexibility of mixed-use zoning and the first floor

    Cary Tamura The Agency Brokerage

    Section Image
  • 226 E 79th St Unit n/a, New York, NY 10075

    $5,900,000

    • 5 Beds
    • 5.5 Baths
    • 226 E 79th St
    • Unit n/a
    • New York, NY

    This stunning four-story townhouse at 226 East 79th Street boasts a versatile layout that is sure to meet the needs of any buyer. With a ground floor office space and an upper triplex, the property can be used as a live/work or live plus income property or easily converted into a single-family townhouse.The triplex offers a magnificent parlor floor, complete with a spacious living room in

    Klevis Metani Keller Williams NYC

    Section Image
  • 308 E 30th St Unit 1, New York, NY 10016

    $5,995,000

    • 8 Beds
    • 5.5 Baths
    • 5,174 Sq Ft
    • 308 E 30th St
    • Unit 1
    • New York, NY

    308 East 30th street is an impeccably renovated and modernized three family townhouse that has been constructed with meticulous attention to detail and unparalleled craftsmanship. This beautiful brick townhouse sits in the heart of Manhattan, encompassing over 5,100 SF of interior living space, and features 1,830 SF of private outdoor space, including a heated in-ground lap pool in the

    Nadia Bartolucci Douglas Elliman Real Estate

    Section Image

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20005207

Real Estate Board of New York (REBNY)

APN: 1347-0032