221 E 48th St | New York, NY 10017
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- LoopNet Team
221 E 48th St
New York, NY 10017
221 East 48th Street · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Redevelopment Opportunity: Pre-war, boutique, luxury condo redevelopment opportunity with approved plans for 8,7000 SF
- Tax-Class Protected 2A: Tax increases capped at 8% year over year or 30% over any given 5 year period
- Ideal Location: Located on Diplomats Row within 5 blocks of the E, M, and 6 Subway lines
- Blank Canvas: Currently configured as five, vacant, floor-through units; to be repositioned
- Unique Layout: all units posses outdoor space/terraces overlooking Turtle Bay Garden
Property Facts
| No. Units | 5 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 5,920 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Building Class | B | Year Built | 1910 |
| Zoning | R8B - High density residential district | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,920 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | R8B - High density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Garden
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 1,250 - 1,500 |
Property Taxes
| Parcel Number | 1322-0011 | Improvements Assessment | $588,833 |
| Land Assessment | $279,487 | Total Assessment | $868,320 |
Property Taxes
Parcel Number
1322-0011
Land Assessment
$279,487
Improvements Assessment
$588,833
Total Assessment
$868,320
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