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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10017
  6. 209 East 48th Street
Property thumbnail
1 / 13
•Midtown East

209 East 48th Street, New York City, NY 10017

Listing Courtesy of Compass

$3,500,000

Potential Rebate: $52,500

6 Beds
4 Baths
9 Rooms
3,416 sqft
Built 1920
4 Stories
1,025/ft²
Listed on Oct 16, 2025
92 days on market
Book a Tour

Overview

Welcome to 209 East 48th Street, a townhouse in the heart of Manhattan near the historic Turtle Bay Gardens District. The townhouse boasts 3,587 square feet spread out across four floors and is currently configured as a two-family townhouse. The townhouse is a perfect opportunity to have an owner occupied unit and receive rental income from the other unit, a live/work opportunity, used for a non-profit/Consulate/Mission or create a single-family townhouse.

Garden Floor
Upon entering the townhouse, you’re greeted by a spacious one bedroom apartment with access to the 40ft-deep, north-facing garden. There is an open kitchen, fireplace, hardwood floors throughout and storage.

Triplex - Floors two through four
As you enter the second floor, you’ll instantly take note of the high-ceilings in the living room, a fireplace, north facing windows overlooking your private terrace and also giving you access to the garden outdoor space on the first floor. The kitchen, a bedroom/office and bathroom are also on the second floor. On floors three and four are four spacious bedrooms, two bathrooms and plenty of closet space.

Cellar
A laundry room, additional storage space, boiler and building mechanicals occupy the cellar space.

On a block consisting mainly of townhouses, this prime Turtle Bay residential property is in close proximity to some of Manhattan’s finest shopping, restaurants, Midtown offices and public transit. Please note some photos have been virtually enhanced. The property will be delivered vacant.

Home Features

  • •Common On Floor
  • •See Remarks
  • •Private Outdoor Space Over 60 Sqft
  • •Private Yard
  • •Built-in Features
  • •High Ceilings
  • •Dryer
  • •Washer

Estimated Monthly Payment

$21,533 per month

30 year fixed, 6.28% Interest

Principal and Interest
$17,295
Property Taxes
$4,238
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$52,500

Monthly savings impact

$146/mo

Effective Purchase Price

$3,447,500

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

Similar Homes

845 UNITED NATIONS Plaza #43C, New York City, NY 10017
Listed on Apr 4, 2025
35 Photos
Video Tour
$3,500,000

845 UNITED NATIONS Plaza #43C, New York City, NY 10017

Listing Courtesy of Douglas Elliman Real Estate

2 Beds
3 Baths
5 Rooms
2,063 sqft
Built 2001
✓ No Board Approval
View Details

RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Compass

Data Source: TRESTLE #RLS20054878

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

REBNY & NAR

Member

Verified

Listings

RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Compass

Data Source: TRESTLE #RLS20054878

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Price Analysis

Compare average listing prices and value metrics for 209 East 48th Street against the surrounding East Midtown market.

Based on 1 active unit in building vs 198 in area

Average List Price

Building$3.5M
Neighborhood$4.8M

Price Per SqFt

Building Avg$1,025/ft²
Neighborhood Avg$2,408/ft²
Value Opportunity

57.46% Lower

than the East Midtown price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

East Midtown

Overview of East Midtown

East Midtown is the corporate heart of the city. It is impressive and tall. For buyers seeking East Midtown Manhattan real estate, it offers walk-to-work convenience. Living in East Midtown is efficient. As a Manhattan NYC neighborhood, it is global.

Real Estate & Housing Market

The market for homes for sale in East Midtown includes luxury high-rise condos.

Lifestyle & Community

The lifestyle in East Midtown is busy on weekdays, quiet on weekends.

Transportation & Accessibility

East Midtown is connected to everything via Grand Central.

Parks, Schools & Amenities

Bryant Park is nearby. Amenities: World-class shopping on 5th Ave.

Who This Neighborhood Is Best For

East Midtown is best for corporate professionals.
East Midtown GuideAll Neighborhoods
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