
348 E 55th St New York, NY 10022
Sutton Place NeighborhoodEstimated payment $27,923/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
02/25/2025 02/25/25 | For Sale | $5,100,000 | -- | $729 / Sq Ft |
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Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20005207

APN: 1347-0032
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