---
title: "301 East 48th Street #2M, New York City, NY 10017"
description: "301 East 48th Street #2M, New York City, NY 10017 — Turtle Bay, New York City, NY. Listing Price $435,000. In contract 7/28/2026. Studio bed, 1 bath Illustrative Buyer Commission Share of $6,525 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/301-east-48th-street-m-2M-ny-10017"
source: "Real Estate Rebate Team"
dateModified: "2026-09-06T07:15:08.140Z"
status: "Pending"
---

# 301 East 48th Street #2M, New York City, NY 10017

Turtle Bay, New York City, NY

Courtesy of Douglas Elliman Real Estate

Last updated: September 6, 2026, 3:15 AM

## At a Glance

- **Listing Price**: $435,000
- **Status**: In contract 7/28/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: Studio
- **Baths**: 1
- **Common Charges**: $1,265 / mo
- **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**: $435,000
- **Illustrative Buyer Commission Share**: -$6,525*
- **Illustrative Net Cost**: $428,475

*Illustrative Buyer Savings of $6,525 — 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 (6)

![301 East 48th Street #2M, New York City, NY 10017 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/38d27696-f250-40cd-8213-c6615db9e907.jpg)
![301 East 48th Street #2M, New York City, NY 10017 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ce211539-994a-49a8-b30f-48a59d8fbf1e.jpg)
![301 East 48th Street #2M, New York City, NY 10017 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b87e29c4-763e-464e-92c3-aba4973271a0.jpg)
![301 East 48th Street #2M, New York City, NY 10017 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/378025cc-d5e4-4957-b168-9bb3da697a3d.jpg)
![301 East 48th Street #2M, New York City, NY 10017 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f1f011bf-f240-441d-87f6-4c11a6405176.jpg)
![301 East 48th Street #2M, New York City, NY 10017 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/74844c15-7685-42e4-b760-fca5d18f895e.jpg)

## Property Overview

This southeast-facing alcove studio has the feel of a one-bedroom with a partitioned sleeping area, dedicated dining area, upgraded kitchen and bathroom plus a huge walk-in closet, all for a great value in a co-op with flexible purchase rules.

 The oversized stainless-steel kitchen is outfitted with a full-sized fridge, a dishwasher, custom ceiling-height cabinetry, and a breakfast bar perfect for casual dining. The flexible layout easily accommodates a separate dining area either adjacent to the kitchen or alongside the window off the living area.

 At the center of the home is an expansive living room with enough space for virtually any furniture configuration, plus a large walk-in closet offering exceptional storage. The sleeping area feels quiet and tucked away, complete with built-in shelving and two additional closets.

 Located in the highly desirable Marlo Towers, a full-service post-war cooperative, residents enjoy:-- Beautifully landscaped rooftop deck with pergola seating and sweeping Midtown skyline and East River views- A 24-hour doorman and concierge- Live-in superintendent - On-site garage - Laundry room - Storage (waitlist)- Bike room

 Marlo Towers is perfectly positioned on a quiet Midtown East block with a florist coffee shop and a grocery store right downstairs. Moments from Grand Central, the United Nations, the East River Esplanade, and some of the neighborhood's best dining, shopping, and transportation options.

 The co-op allows outstanding flexibility for the buyer, including up to 75% financing, co-purchasing, guarantors, parental purchasing, pied-à-terre ownership, and subletting. Shareholders may sublet for a maximum of two years during any six-year period. Pets are welcome with board approval.

 Should you decide to move forward, we're happy to guide you through every step of the co-op board application and approval process.

  Please note there is an special assessment of $274.02/ month until June 2027 for replace the mechanical systems of all three elevators, with an ongoing capital assessment of $35.40/ month.

## Property Details

- **Property Type**: Co-op
- **Baths**: 1
- **Rooms**: 2
- **Stories**: 20
- **Year Built**: 1964
- **Common Charges**: $1,265 / Monthly
- **Listed On**: May 30, 2026
- **Days on Market**: 106 Days

### Residence Features

- Building Other
- Building Roof Deck
- Washer Dryer Allowed

## Sales Evidence

### Recent closed sales

41 apartments at Marlo Towers have recorded sales since September 2021, the most recent for $1,490,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [15/16G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/301-east-48th-street-16g-1516G-ny-10017) (Duplex) | 2 | — | $1,490,000 | — | August 24, 2026 | MLS |
| 2G (Apartment) | 1 | 950 | $740,000 | $779/ft² | June 1, 2026 | City record |
| 17-F (Apartment) | 2 | 1,400 | $1,150,000 | $821/ft² | April 27, 2026 | City record · MLS |
| 19-B (Apartment) | Studio | 500 | $430,000 | $860/ft² | April 16, 2026 | City record · MLS |
| 4B (Apartment) | 2 | 1,000 | $760,000 | $760/ft² | February 12, 2026 | City record · MLS |
| 14H (Apartment) | 1 | — | $488,000 | — | January 28, 2026 | City record · MLS |
| 15/16C (Duplex) | 2 | — | $1,530,000 | — | January 8, 2026 | City record · MLS |
| 5D (Apartment) | 2 | — | $1,157,500 | — | December 19, 2025 | City record · MLS |
| 14J (Apartment) | 1 | 860 | $640,000 | $744/ft² | December 17, 2025 | City record · MLS |
| 8C (Apartment) | 1 | 1,065 | $950,000 | $892/ft² | November 3, 2025 | City record |
| 5-B (Apartment) | 2 | 1,050 | $710,000 | $676/ft² | October 14, 2025 | City record · MLS |
| 17-G (Apartment) | 1 | 860 | $725,000 | $843/ft² | September 8, 2025 | City record · MLS |
| 6G (Apartment) | 2 | 950 | $820,000 | $863/ft² | August 27, 2025 | City record · MLS |
| 3E (Apartment) | Studio | — | $390,000 | — | January 16, 2025 | City record · MLS |
| 8G (Apartment) | — | — | $810,000 | — | January 15, 2025 | City record |
| 20-B (Apartment) | Studio | — | $461,000 | — | September 9, 2024 | City record · MLS |
| 9-K (Apartment) | 1 | 800 | $635,000 | $794/ft² | September 5, 2024 | City record · MLS |
| 4C (Apartment) | 2 | — | $550,000 | — | July 22, 2024 | City record · MLS |
| 7-K (Apartment) | 1 | — | $577,500 | — | June 18, 2024 | City record · MLS |
| 3-M (Apartment) | Studio | 625 | $378,000 | $605/ft² | May 23, 2024 | City record · MLS |
| 6L (Apartment) | Studio | — | $485,000 | — | May 20, 2024 | City record · MLS |
| 3H (Apartment) | 1 | 800 | $525,000 | $656/ft² | May 14, 2024 | City record · MLS |
| 18E (Apartment) | 1 | — | $749,000 | — | November 28, 2023 | City record · MLS |
| 10-C (Apartment) | 1 | 950 | $730,000 | $768/ft² | September 28, 2023 | City record · MLS |
| 15/16H (Duplex) | 2 | — | $1,400,000 | — | August 23, 2023 | City record · MLS |
| 16-J (Apartment) | 1 | 856 | $605,000 | $707/ft² | June 15, 2023 | City record · MLS |
| 2G (Apartment) | 2 | 950 | $720,000 | $758/ft² | June 15, 2023 | City record · MLS |
| 9-G (Apartment) | 1 | 950 | $675,000 | $711/ft² | March 21, 2023 | City record · MLS |
| 4H (Apartment) | 1 | — | $550,000 | — | January 24, 2023 | City record · MLS |
| 5A (Apartment) | 1 | 825 | $645,000 | $782/ft² | January 13, 2023 | City record |
| 19E (Apartment) | — | — | $800,000 | — | October 7, 2022 | City record |
| 7J (Apartment) | 1 | 864 | $690,000 | $799/ft² | August 29, 2022 | City record · MLS |
| 3-M (Apartment) | Studio | 600 | $375,000 | $625/ft² | August 3, 2022 | City record · MLS |
| 11C (Apartment) | 1 | 520 | $920,000 | $1,769/ft² | July 8, 2022 | City record |
| 11A (Apartment) | — | — | $575,000 | — | June 30, 2022 | City record |
| 11-L (Apartment) | Studio | — | $480,000 | — | March 10, 2022 | City record · MLS |
| 9-D (Apartment) | 2 | 1,500 | $1,299,000 | $866/ft² | February 17, 2022 | City record · MLS |
| 4-K (Apartment) | 1 | 800 | $540,000 | $675/ft² | December 28, 2021 | City record · MLS |
| 15-M (Apartment) | Studio | 600 | $485,000 | $808/ft² | October 22, 2021 | City record · MLS |
| 7-B (Apartment) | 2 | 1,050 | $1,075,000 | $1,024/ft² | October 13, 2021 | City record · MLS |

Showing the 40 most recent of 41 recorded sales in this period.

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

The median closed price for comparable studio sales at Marlo Towers is $445,500, based on 8 sales between October 2021 and April 2026. This home is asking $435,000, $10,500 below that median. The middle half of those sales closed between $387,000 and $481,250.

- **Median closed price**: $445,500
- **Middle half**: $387,000 – $481,250
- **Based on**: 8 studio sales at Marlo Towers
- **Period**: October 2021 – April 2026

Square footage is recorded for only 4 of these 8 sales (50%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

Across the 5 of these sales with a published asking price, the median closed at 88.9% of what it originally asked. 100% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 88.9% of the original ask
- **Closed below ask**: 100% of 5 sales
- **Listed → in contract**: 142 days (about 20 weeks)
- **In contract → closed**: 80 days (about 11 weeks)

Across the 5 of these sales with a published asking price, the median closed at 88.9% of what it originally asked. 100% of them closed below the original ask.

Half of these homes were in contract within 142 days (about 20 weeks) of coming to market, based on the 8 with a recorded listing date.

Once a deal was agreed, closing took a further 80 days (about 11 weeks), based on the 8 with both dates recorded. A co-op board package and its interview account for much of that.

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.

Based on 8 studio sales at Marlo Towers, October 2021 – April 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at Marlo Towers, 2016 to 2026. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2016 | $774/ft² | 3 (thin) |
| 2017 | $867/ft² | 8 |
| 2020 | $761/ft² | 9 |
| 2021 | $779/ft² | 10 |
| 2023 | $758/ft² | 8 |
| 2025 | $843/ft² | 8 |
| 2026 | $800/ft² | 6 |

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.

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 Marlo Towers](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/marlo-towers)

## Price and Property History for 301 East 48TH Street, Unit 2M

Review the recorded listing activity for 301 East 48TH Street, Unit 2M, including asking-price changes and prior market dates.

- **Entered contract**: July 28, 2026
- **Last sold (recorded)**: $485,000 on July 22, 2015

| Date | Price | Listing event |
| --- | --- | --- |
| July 28, 2026 | $435,000 | Entered contract |
| May 30, 2026 | $435,000 | Listed for sale by Douglas Elliman Real Estate |
| July 22, 2015 | $485,000 | Sold — recorded sale price |
| April 13, 2015 | $475,000 | Listed for sale by Elliman |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 198 apartments. The corporation’s 2026 property tax bill was $3,897,782 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for Marlo Towers](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/marlo-towers)

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

## About The Building

### Marlo Towers

Turtle Bay · Stock Cooperative

301 East 48th Street, New York, NY 10017

A building in Turtle Bay, currently featuring 3 active listings.

- **Year Built**: 1964
- **Total Units**: 3
- **Floors**: 20

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

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [2M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/301-east-48th-street-m-2M-ny-10017) | Studio | 1 | — | — | $435,000 — In contract | Douglas Elliman Real Estate | May 30, 2026 | 106 days |
| [2G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/301-east-48th-street-g-2G-ny-10017) | 1 | 1 | 950 sqft | $811 | $770,000 — In contract | Douglas Elliman Real Estate | Feb 27, 2026 | 198 days |
| [15/16G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/301-east-48th-street-16g-1516G-ny-10017) | 2 | 3 | — | — | $1,490,000 (-0.3%) | Corcoran Group | May 5, 2026 | 131 days |

## Estimated Monthly Payment

**$3,465 / month**, assuming a 20% down payment ($87,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,200
- **Common Charges**: $1,265

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

## Turtle Bay

Overview of Turtle Bay

[Explore Turtle Bay](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/turtle-bay) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Turtle Bay

- [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

- [Marlo Towers — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/marlo-towers)
- [Turtle Bay neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/turtle-bay)
- [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.