---
title: "249 East 48th Street #18A, New York City, NY 10017"
description: "249 East 48th Street #18A, New York City, NY 10017 — Midtown East, New York City, NY. Listing Price $2,400,000. In contract 10/1/2026. 2 bed, 2 bath, 1,597 sqft Illustrative Buyer Commission Share of $36,000 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/249-east-48th-street-18a-ny-10017"
source: "Real Estate Rebate Team"
dateModified: "2026-10-01T19:27:15.125Z"
status: "Pending"
---

# 249 East 48th Street #18A, New York City, NY 10017

Midtown East, New York City, NY

Courtesy of Compass

Last updated: October 1, 2026, 3:27 PM

## At a Glance

- **Listing Price**: $2,400,000
- **Status**: In contract 10/1/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 2
- **Baths**: 2
- **Sqft**: 1,597
- **Common Charges**: $1,660 / mo
- **Monthly Taxes**: $1,736 / mo
- **Price per Sqft**: $1,503
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $2,400,000
- **Illustrative Buyer Commission Share**: -$36,000*
- **Illustrative Net Cost**: $2,364,000

*Illustrative Buyer Savings of $36,000 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![249 East 48th Street #18A, New York City, NY 10017 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2bad8690-6f99-444d-81eb-e5b7f22e3570.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/16bea34a-a1c2-4f38-acca-538d4ef1e91d.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/75f9cbd3-83fa-488d-9854-52d469299809.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7607b71d-df94-4ba6-b32b-0216b3dbbab1.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d9258ff3-4cbf-4e1e-b1a2-6db0b0492b6d.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3f0b840b-de8d-4cba-a297-712819d67c74.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1dbdee9a-b31f-4337-9e40-b68432bb6edb.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f39c79b1-22e2-4f54-b072-dc74f02f2886.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/caa36bb1-c553-4f1f-b8ed-d8333bdc499a.jpg)
![249 East 48th Street #18A, New York City, NY 10017 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5f9ea991-199d-4bd6-a016-e6cccdbd5bc3.jpg)

## Property Overview

A rare combination of space, style, outdoor living and convenience, this beautifully renovated 1,600-square-foot two-bedroom, two-bathroom Condominium is complete with a spectacular landscaped terrace and its own DEEDED PARKING SPACE.

The current owner undertook a thoughtful gut renovation, creating a home that feels both sophisticated and incredibly comfortable. At the heart of the apartment is an enormous corner, loft-like living and dining room lined with windows and open city views. The outlook is striking during the day and especially magical at night, when the city lights become the backdrop to the entire living space. Even better, the views are protected by landmarked surroundings.

The sleek, windowed kitchen opens seamlessly to the living and dining areas and is designed for both everyday living and entertaining. A built-in bar with wine refrigerator adds another thoughtful touch.

Just beyond the living room is the show-stopping landscaped terrace—fully decked and designed as a true extension of the home. With a built-in BBQ, irrigation system and electric awning, it is equally suited to summer dinners, morning coffee or simply escaping the pace of the city.

The split-bedroom layout offers exceptional privacy. The generously proportioned second bedroom is the size of many primary suites, while the primary bedroom feels like a hotel retreat. Its spa-like bathroom features an oversized walk-in shower and separate toilet room, while a huge walk-in closet provides exceptional storage. There is also a washer/dryer hookup within the primary suite.

Additional features include hardwood floors throughout, custom lighting, motorized shades and central air conditioning.

With low monthly carrying costs, a deeded parking space and the option to purchase the apartment furnished, this is a truly turnkey home offering the space and comforts that are so difficult to find in Manhattan.

Turtle Bay House is a full-service condominium ideally situated at the corner of East 48th Street and Second Avenue. The building recently completed a stylish renovation of its lobby and modernization of its elevators, and offers a 24-hour doorman, live-in superintendent, on-site managing agent, laundry facilities and on-site parking garage. Pet-friendly and conveniently located near Grand Central, the United Nations, neighborhood restaurants, shopping and multiple subway lines, the building offers exceptional accessibility while sitting at the edge of one of Midtown East’s most charming residential enclaves.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 5
- **Sqft**: 1,597 sqft
- **Stories**: 21
- **Year Built**: 1959
- **Price per Sqft**: $1,503
- **Common Charges**: $1,660.16 / Monthly
- **Monthly Taxes**: $1,736 / mo
- **Listed On**: Sep 11, 2026
- **Days on Market**: 22 Days

### Residence Features

- Common On Floor
- Common Area
- Garage
- Balcony
- Private Outdoor Space Over 60 Sqft

### Building Amenities

- Garage

## Estimated Monthly Payment

**$15,532 / month**, assuming a 20% down payment ($480,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $12,136
- **Property Taxes**: $1,736
- **Common Charges**: $1,660

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

14 apartments at Turtle Bay House have recorded sales since October 2021, the most recent for $2,650,000 in March 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 10AB (Apartment) | 3 | 2,721 | $2,650,000 | $974/ft² | March 30, 2026 | City record · MLS |
| 5J (Apartment) | — | 776 | $822,500 | $1,060/ft² | December 4, 2025 | City record |
| 5D (Apartment) | — | 1,494 | $1,500,000 | $1,004/ft² | November 25, 2025 | City record |
| 2E (Apartment) | — | 873 | $725,000 | $830/ft² | October 15, 2025 | City record |
| 3A (Apartment) | Studio | 633 | $650,000 | $1,027/ft² | September 26, 2025 | City record · MLS |
| 4A (Apartment) | Studio | 631 | $575,000 | $911/ft² | October 15, 2024 | City record · MLS |
| 4E (Apartment) | 1 | 850 | $740,000 | $871/ft² | June 27, 2024 | City record · MLS |
| 13D (Apartment) | 2 | 1,494 | $1,525,000 | $1,021/ft² | June 14, 2024 | City record · MLS |
| 13J (Apartment) | 1 | 776 | $816,500 | $1,052/ft² | September 7, 2023 | City record |
| 8H (Apartment) | — | 507 | $450,000 | $888/ft² | August 10, 2023 | City record |
| 12K (Apartment) | — | 566 | $515,000 | $910/ft² | June 9, 2023 | City record |
| 2K (Apartment) | — | 566 | $480,000 | $848/ft² | January 25, 2023 | City record |
| 6D (Apartment) | 2 | 1,494 | $1,475,000 | $987/ft² | December 19, 2022 | City record · MLS |
| 10F (Apartment) | Studio | — | $450,000 | — | December 14, 2022 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $2,400,000
- **Median sold price**: $3,712,500
- **Difference**: -$1,312,500 (-35.4%)
- **This home, $/ft²**: $1,503
- **Median $/ft²**: $2,075
- **Comparable sales**: 44
- **Sales from**: October 2024 – August 2026
- **Middle half of those sales**: $2,052,750 – $5,583,750

Based on condo two-bedroom sales in Midtown East.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Midtown East instead.

### How these sales were negotiated

- **Sale-to-list price**: 94.6% (33 sales)
- **Sold below asking**: 88% (33 sales)
- **Typical time to find a buyer**: 50 days (32 sales)
- **Typical time to close**: 38 days (34 sales)

Based on condo two-bedroom sales in Midtown East with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at Turtle Bay House

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,015/ft² | 4 (thin) |
| 2023 | $899/ft² | 4 (thin) |
| 2024 | $911/ft² | 3 (thin) |
| 2025 | $1,015/ft² | 4 (thin) |

Based on recorded sales at Turtle Bay House.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through August 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at Turtle Bay House](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/turtle-bay-house)

## Price and Property History for 249 East 48th Street, Unit 18A

Review the recorded listing activity for 249 East 48th Street, Unit 18A, including asking-price changes and prior market dates.

- **Entered contract**: October 1, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| October 1, 2026 | $2,400,000 | Entered contract |
| September 11, 2026 | $2,400,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 249 East 48th Street #18A were $25,371 in 2026, up 2.9% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $222,122 | $40,416 | $181,706 | $202,964 | $25,371 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $214,779 | $40,416 | $174,363 | $197,326 | $24,666 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $202,022 | $40,416 | $161,606 | $196,795 | $24,599 | 12.5% |
| 2023 (FY 2023/24) | $197,205 | $40,416 | $156,789 | $197,205 | $24,655 | 12.502% |
| 2022 (FY 2022/23) | $208,892 | $40,416 | $168,476 | $206,209 | $25,296 | 12.267% |
| 2021 (FY 2021/22) | $188,507 | $40,416 | $148,091 | $188,507 | $23,064 | 12.235% |
| 2020 | The City did not publish assessment data for this year. | — | — | — | — | — |
| 2019 | The City did not publish assessment data for this year. | — | — | — | — | — |
| 2018 (FY 2018/19) | $224,991 | $40,416 | $184,575 | $191,791 | $24,189 | 12.612% |
| 2017 (FY 2017/18) | $201,595 | $40,416 | $161,179 | $177,219 | $22,540 | 12.719% |
| 2016 (FY 2016/17) | $214,505 | $40,416 | $174,089 | $168,910 | $21,776 | 12.892% |
| 2015 (FY 2015/16) | $189,095 | $40,416 | $148,679 | $154,978 | $19,966 | 12.883% |
| 2014 (FY 2014/15) | $183,430 | $40,416 | $143,014 | $147,508 | $18,962 | 12.855% |
| 2013 (FY 2013/14) | $169,597 | $40,416 | $129,181 | $133,706 | $17,576 | 13.145% |
| 2012 (FY 2012/13) | $157,108 | $40,416 | $116,692 | $131,577 | $17,343 | 13.181% |
| 2011 (FY 2011/12) | $161,667 | $40,417 | $121,250 | $121,193 | $16,280 | 13.433% |
| 2010 (FY 2010/11) | $144,057 | $40,612 | $103,445 | $116,322 | $15,532 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1013221166. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### Turtle Bay House

Turtle Bay · Condominium

249 East 48th Street, New York, NY 10017

A building in Turtle Bay, currently featuring 1 active listing.

- **Year Built**: 1959
- **Active Units**: 1
- **Floors**: 21

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/turtle-bay-house)

### Available Residences — For Sale (2)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [16E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/249-east-48th-street-16e-ny-10017) | 1 | 1 | 782 sqft | $1,087 | $850,000 | Compass | Sep 17, 2026 | 16 days |
| [18A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/249-east-48th-street-18a-ny-10017) | 2 | 2 | 1,597 sqft | $1,503 | $2,400,000 — In contract | Compass | Sep 11, 2026 | 22 days |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Midtown East

Overview of Midtown East

[Explore Midtown East](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-midtown) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Midtown East

- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen)
- [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)

## Related Links

- [Turtle Bay House — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/turtle-bay-house)
- [Midtown East neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-midtown)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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.