--- title: "Terra 48 Condos for Sale in Manhattan | Buyer Savings" description: "View active listings, prices, and amenities at Terra 48, located at 221 East 48th Street, New York, NY 10017 in Manhattan. Buy a condo with Buyer Advantage savings." url: "https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/terra-48" source: "Real Estate Rebate Team" --- # Terra 48 221 East 48th Street, New York, NY 10017 Turtle Bay · Condominium · Built 1910 ## At a Glance - **Active Units**: 1 Unit - **Starting Price**: $1,800,000 - **Property Type**: Condominium - **Year Built**: 1910 ## Illustrative Buyer Savings **$27,000 at Closing** Illustrative, based on a 3% buyer-broker commission on the highest-priced available residence. Régis shares 50% of the buyer-side commission actually received, so your figure follows the commission offered on your transaction. Work with Régis before touring or submitting an offer to understand the building, evaluate pricing, and preserve eligible Buyer Advantage opportunities. **Régis Roumila** — Principal Broker · NY & NJ. Private buyer representation for luxury resale and new development purchases. Verified Member: REBNY · NAR. NYDOS LIC#: 10491211335. [Speak with Régis](mailto:info@real-estate-rebate.com?subject=Inquiry%3A%20Terra%2048) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Key Building Details - **Year Built**: 1910 - **Stories / Floors**: 4 - **Neighborhood**: Turtle Bay - **Active Listings**: 1 unit ## Building Amenities - Central Air - Other - In Unit - See Remarks - Private Outdoor Space Over 60 Sqft - Private Yard - Soaking Tub - Walk-In Closet(s) - Dryer - Dishwasher - Range - Refrigerator - Washer - City - Pets: Building No - Pets: No ## Active Residence at Terra 48 1 Active Residence Buyer Advantage figures shown on these residences are illustrative, based on a 3% buyer-broker commission. Régis shares 50% of the buyer-side commission actually received on the transaction, so the figure follows the commission offered on the listing you buy. [How the Buyer Commission Share works](https://realestaterebatesnewyork.com/buyer-advantage) | Residence | Type | Beds | Baths | Size | Price | Status | Estimated Buyer Advantage | Courtesy of | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [Terra 48 #GARDEN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/221-east-48th-street-garden-GARDEN-ny-10017) | Condominium | 2 | 2 | 1,281 ft² | $1,800,000 | Closed | $27,000* | Sothebys International Realty | > This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. ## Sales History for Terra 48 7 closings in this building. Prices are the consideration recorded on the deed with the City of New York wherever it has been filed. | Unit # | Beds | Baths | Size | Closing Price | Price / Ft² | Asking Price | Sold On | | --- | --- | --- | --- | --- | --- | --- | --- | | GARDEN | 2 | 2 | 1,281 | $1,800,000 (-7.7%) | $1,405 | $1,950,000 | Jul 27, 2026 | | PH | 2 | 2 | 1,213 | $1,999,000 | $1,648 | $1,999,000 | May 14, 2026 | | 6 | — | — | — | $1,999,000 — Public record | — | — | May 14, 2026 | | 2 | 2 | 2 | 1,213 | $1,500,000 — Public record | $1,237 | $1,500,000 | Dec 22, 2025 | | 3 | 2 | 2 | 1,213 | $1,650,000 (-8.3%) — Public record | $1,360 | $1,800,000 | Dec 16, 2025 | | 4 | 2 | 2 | 1,213 | $1,800,000 — Public record | $1,484 | $1,800,000 | Dec 8, 2025 | | 5 | — | — | — | $1,900,000 — Public record | — | — | Dec 5, 2025 | Public record marks a price taken from the deed filed with the City of New York. Rows without it show the price reported to the listing service, which is what is available until the deed is recorded, typically about two weeks after closing. The percentage beside a closing price is the sale measured against the original asking price. Rows with no asking price are sales with no listing behind them. Those are sponsor and off-market transfers taken from the public record. > This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. ## What to Review Before Buying in Terra 48 Purchasing real estate in New York City or New Jersey goes beyond the apartment itself. To secure your asset and investment equity, we systematically analyze building structures, financials, board packages, and commission sharing arrangements. 1. **Building Quality** — Review construction, finishes, amenities, management, service level, and long-term resale value. 2. **Monthly Costs** — Understand common charges, property taxes, assessments, and the full carrying-cost picture. 3. **Transaction Strategy** — Evaluate pricing, sponsor terms, closing costs, negotiation leverage, and eligible Buyer Advantage opportunities before committing. ## Location & Neighborhood 221 East 48th Street, New York, NY 10017 ### Turtle Bay Turtle Bay is a diplomatic and residential enclave on the East Side, stretching from 43rd to 53rd Streets east of Lexington Avenue. Anchored by the United Nations, it feels international yet neighborly. For buyers eyeing Turtle Bay Manhattan real estate, the area offers a quiet retreat in the middle of it all. Living in Turtle Bay, Manhattan is sophisticated and serene. The streets are lined with diplomatic missions, consulates, and elegant pre-war buildings. As a historic Manhattan NYC neighborhood, it attracts a mix of UN employees, longtime residents, and young professionals seeking value and proximity to Midtown offices. The inventory of homes for sale in Turtle Bay is diverse. You can find everything from white-glove co-ops on Beekman Place to more affordable post-war condos and brownstones on the side streets. The presence of the UN creates a steady rental market for diplomats, making it attractive for investors. Turtle Bay often offers better value than its neighbors to the north and south. Buyers can find spacious layouts and river views at price points that are competitive for prime Manhattan. The "Katharine Hepburn Garden" area adds a touch of historic celebrity allure. The lifestyle in Turtle Bay is professional and polite. The nightlife on Second Avenue attracts a younger crowd for happy hour, but the side streets remain peaceful. The community is heavily influenced by the international corps of the UN, giving it a unique global flavor. Residents enjoy a quiet quality of life. The neighborhood has a strong sense of civic pride, evident in the Turtle Bay Association's active care for the local parks and gardens. It feels like a small village tucked behind the skyscrapers. Turtle Bay is convenient for commuters. Grand Central Terminal is within walking distance, providing access to the 4, 5, 6, 7, S trains and Metro-North. The E and M trains at Lexington/53rd offer quick east-west options. The M15 Select Bus Service on 1st and 2nd Avenues is heavily used by locals. The proximity to the FDR Drive makes leaving the city by car relatively easy compared to other parts of Midtown. Dag Hammarskjöld Plaza serves as the neighborhood's gathering place, hosting a greenmarket and events. The quiet Greenacre Park on 51st Street, with its 25-foot waterfall, is a hidden gem for residents seeking tranquility. Amenities include the Vanderbilt YMCA, numerous diplomatic cultural centers, and a wide array of grocery options from Whole Foods to Morton Williams. The dining scene ranges from classic steakhouses like Smith & Wollensky to varied international cuisines. Turtle Bay is best for diplomats, midtown office workers, and buyers seeking a quiet, safe, and centrally located home. It balances the convenience of Midtown with the charm of a residential community. - [Turtle Bay Guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/turtle-bay) - [Browse Turtle Bay Residences](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/turtle-bay-manhattan) - [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Frequently Asked Questions ### What should I review before buying at Terra 48? Before making an offer, review the building quality, current inventory, comparable sales, monthly carrying costs, sponsor terms, closing costs, and eligible Buyer Advantage opportunities. ### Can the Buyer Advantage apply to listings in this building? Yes. Eligible listings may offer an Estimated Buyer Advantage depending on the listing, commission structure, buyer agreement, lender approval, and final closing terms. ### Are building costs different for condos and co-ops? Yes. Condominiums typically have separate common charges and property taxes. Cooperatives usually have monthly maintenance, which may include building expenses, property taxes, and any underlying mortgage costs. ### Should I speak with a buyer broker before touring? Yes. Speaking with a buyer broker before touring helps protect your representation, evaluate pricing, and preserve eligible Buyer Advantage opportunities where available. Have questions about Terra 48? [Speak with Régis before you tour.](mailto:info@real-estate-rebate.com) ## Considering a Residence at Terra 48? Speak with Régis before you tour, negotiate, or submit an offer. Receive private buyer-side guidance, pricing context, and eligible Buyer Advantage opportunities where available. [Schedule a private consultation](https://realestaterebatesnewyork.com/contact) · [All buildings](https://realestaterebatesnewyork.com/buildings)