---
title: "321 East 48th Street #2E, New York City, NY 10017"
description: "321 East 48th Street #2E, New York City, NY 10017 — Turtle Bay, New York City, NY. Last Sold Price $505,000. Sold on 7/9/2026. Studio bed, 1 bath"
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/321-east-48th-street-e-2E-ny-10017"
source: "Real Estate Rebate Team"
status: "Closed"
---

# 321 East 48th Street #2E, New York City, NY 10017

Turtle Bay, New York City, NY

Courtesy of Corcoran Group

## At a Glance

- **Last Sold Price**: $505,000
- **Status**: Sold on 7/9/2026
- **Beds**: Studio
- **Baths**: 1
- **Common Charges**: $1,018 / mo
- **Brokerage Fee**: Share Eligible

This listing was successfully closed and is no longer active on the market.

[Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

## Property Overview

Rare Convertible Alcove Studio Doorman Condo Turtle Bay

 Welcome to Residence 2E at The Continental Condominium! Bright, south-facing home with a rare and flexible layout in the heart of Turtle Bay. This convertible alcove studio features two independently controlled heating and cooling zones, allowing the alcove to function as a separate sleeping area or bedroom, maximizing comfort and livable space. Separate Kitchen and full bathroom with 2 ample closets plus a large walk in closet. Located just one flight up, the apartment offers convenient access without waiting for the elevator.

 Residents enjoy full-service amenities, including:
 • 24-hour doorman
 • Elevators
 • Live-in superintendent
 • Laundry facilities

 Ideally situated nearby restaurants, cafés, grocery stores, and Grand Central Terminal, this home offers exceptional Midtown East convenience.

 This is a rare opportunity to own a bright, flexible, and well-located condo in one of Manhattan’s most desirable neighborhoods.

 Private showings by appointment. Contact today to schedule your viewing.

## Property Details

- **Property Type**: Condominium
- **Baths**: 1
- **Rooms**: 2
- **Stories**: 14
- **Year Built**: 1962
- **Common Charges**: $1,018 / Monthly
- **Listed On**: Mar 23, 2026
- **Days on Market**: 174 Days

### Residence Features

- Building In Basement
- Private Outdoor Space Under 60 Sqft

## Sales Evidence

### Recent closed sales

46 apartments at Continental Apts have recorded sales since September 2021, the most recent for $505,000 in July 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 2E (Apartment) | Studio | — | $505,000 | — | July 9, 2026 | MLS |
| 14B (Apartment) | 2 | 1,200 | $1,165,000 | $971/ft² | June 26, 2026 | MLS |
| 2D (Apartment) | Studio | 469 | $534,581 | $1,140/ft² | June 3, 2026 | City record · MLS |
| 2G (Apartment) | 1 | — | $740,000 | — | June 1, 2026 | City record · MLS |
| 8D (Apartment) | 1 | 681 | $635,000 | $932/ft² | May 14, 2026 | City record · MLS |
| 2L (Apartment) | — | 459 | $427,975 | $932/ft² | April 17, 2026 | City record |
| 6J (Apartment) | Studio | 543 | $530,000 | $976/ft² | March 18, 2026 | City record · MLS |
| 8A (Apartment) | — | 513 | $460,000 | $897/ft² | November 18, 2025 | City record |
| 9L (Apartment) | Studio | 459 | $562,500 | $1,225/ft² | October 16, 2025 | City record · MLS |
| 7B (Apartment) | Studio | 464 | $475,000 | $1,024/ft² | September 5, 2025 | City record · MLS |
| 1A (Apartment) | Studio | 513 | $578,000 | $1,127/ft² | August 19, 2025 | City record · MLS |
| 5L (Apartment) | Studio | 459 | $485,000 | $1,057/ft² | July 22, 2025 | City record · MLS |
| 10C (Apartment) | Studio | 525 | $585,000 | $1,114/ft² | June 26, 2025 | City record · MLS |
| 10A (Apartment) | Studio | 513 | $485,000 | $945/ft² | May 30, 2025 | City record · MLS |
| 12B (Apartment) | 2 | 1,145 | $1,190,000 | $1,039/ft² | April 2, 2025 | City record · MLS |
| 2J (Apartment) | — | 523 | $504,000 | $964/ft² | March 31, 2025 | City record |
| 10F (Apartment) | 1 | 554 | $670,000 | $1,209/ft² | March 17, 2025 | City record · MLS |
| 5J (Apartment) | Studio | 543 | $540,000 | $994/ft² | December 17, 2024 | City record · MLS |
| 11L (Apartment) | Studio | 459 | $510,000 | $1,111/ft² | December 10, 2024 | City record · MLS |
| 8L (Apartment) | Studio | — | $420,000 | — | November 27, 2024 | City record · MLS |
| 2A (Apartment) | Studio | — | $480,000 | — | October 18, 2024 | City record · MLS |
| 12D (Apartment) | 2 | 1,087 | $1,185,000 | $1,090/ft² | October 7, 2024 | City record · MLS |
| 11E (Apartment) | Studio | 457 | $490,000 | $1,072/ft² | August 19, 2024 | City record · MLS |
| 4A (Apartment) | Studio | 513 | $525,000 | $1,023/ft² | July 8, 2024 | City record · MLS |
| 5A (Apartment) | — | 513 | $480,000 | $936/ft² | May 13, 2024 | City record |
| 10L (Apartment) | 1 | 459 | $515,000 | $1,122/ft² | May 10, 2024 | City record · MLS |
| 3E (Apartment) | Studio | 457 | $490,000 | $1,072/ft² | April 29, 2024 | City record · MLS |
| 10J (Apartment) | 1 | 543 | $565,000 | $1,041/ft² | April 26, 2024 | City record · MLS |
| 5K (Apartment) | Studio | 454 | $470,000 | $1,035/ft² | April 12, 2024 | City record · MLS |
| 5G (Apartment) | — | 517 | $491,790 | $951/ft² | March 14, 2024 | City record |
| 6L (Apartment) | Studio | 459 | $460,000 | $1,002/ft² | February 7, 2024 | City record · MLS |
| 4C (Apartment) | 1 | 525 | $535,000 | $1,019/ft² | January 12, 2024 | City record · MLS |
| 9A (Apartment) | Studio | 513 | $420,000 | $819/ft² | January 4, 2024 | City record · MLS |
| 10E (Apartment) | Studio | — | $438,000 | — | October 2, 2023 | City record · MLS |
| 11-J (Apartment) | Studio | 550 | $505,000 | $918/ft² | July 18, 2023 | City record · MLS |
| 3K (Apartment) | — | 454 | $275,000 | $606/ft² | May 15, 2023 | City record |
| 11B (Apartment) | Studio | — | $450,000 | — | March 27, 2023 | City record · MLS |
| 3G (Apartment) | Studio | — | $487,000 | — | October 12, 2022 | City record · MLS |
| 11J (Apartment) | Studio | — | $470,000 | — | July 7, 2022 | City record · MLS |
| 11D (Apartment) | 1 | — | $712,775 | — | May 17, 2022 | City record · MLS |

Showing the 40 most recent of 46 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 Continental Apts is $485,000, based on 24 sales between October 2021 and June 2026. This home is asking $505,000, $20,000 above that median. The middle half of those sales closed between $457,500 and $513,750.

- **Median closed price**: $485,000
- **Middle half**: $457,500 – $513,750
- **Based on**: 24 studio sales at Continental Apts
- **Period**: October 2021 – June 2026
- **Median $/ft²**: $1,023/ft²

Across the 22 of these sales with a published asking price, the median closed at 96.5% of what it originally asked. 77% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 96.5% of the original ask
- **Closed below ask**: 77% of 22 sales
- **Listed → in contract**: 56 days (about 8 weeks)
- **In contract → closed**: 50 days (about 7 weeks)

Across the 22 of these sales with a published asking price, the median closed at 96.5% of what it originally asked. 77% of them closed below the original ask.

Half of these homes were in contract within 56 days (about 8 weeks) of coming to market, based on the 21 with a recorded listing date.

Once a deal was agreed, closing took a further 50 days (about 7 weeks), based on the 21 with both dates recorded.

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 24 studio sales at Continental Apts, October 2021 – June 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 Continental Apts, 2017 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 |
| --- | --- | --- |
| 2017 | $1,234/ft² | 3 (thin) |
| 2018 | $1,130/ft² | 3 (thin) |
| 2020 | $915/ft² | 4 (thin) |
| 2021 | $939/ft² | 5 |
| 2024 | $1,029/ft² | 16 |
| 2025 | $1,048/ft² | 10 |
| 2026 | $954/ft² | 4 (thin) |

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 Continental Apts](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/continental-apts)

## Price and Property History for 321 East 48TH Street, Unit 2E

Review the recorded listing activity for 321 East 48TH Street, Unit 2E, including asking-price changes and prior market dates.

- **Originally listed**: March 23, 2026 at $535,000
- **Last sold**: $505,000 on July 9, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| July 9, 2026 | $505,000 | Sold |
| June 9, 2026 | $505,000 | Entered contract |
| March 23, 2026 | $535,000 | Listed for sale by Corcoran Group |

## Property Tax History

Taxes at 321 East 48th Street #2E were $7,137 in 2026, up 6.7% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $68,127 | $9,968 | $58,159 | $57,094 | $7,137 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $58,037 | $9,968 | $48,069 | $53,492 | $6,687 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $54,590 | $9,968 | $44,622 | $53,060 | $6,633 | 12.5% |
| 2023 (FY 2023/24) | $53,289 | $9,968 | $43,321 | $53,289 | $6,662 | 12.502% |
| 2022 (FY 2022/23) | $51,435 | $9,968 | $41,467 | $51,435 | $6,310 | 12.267% |
| 2021 (FY 2021/22) | $50,119 | $9,968 | $40,151 | $50,119 | $6,132 | 12.235% |
| 2020 (FY 2020/21) | $55,875 | $9,968 | $45,907 | $51,978 | $6,376 | 12.267% |
| 2019 (FY 2019/20) | $56,448 | $9,968 | $46,480 | $49,454 | $6,168 | 12.473% |
| 2018 (FY 2018/19) | $54,098 | $9,968 | $44,130 | $46,557 | $5,563 | 12.612% |
| 2017 (FY 2017/18) | $47,591 | $9,969 | $37,622 | $43,689 | $5,267 | 12.719% |
| 2016 (FY 2016/17) | $49,496 | $9,968 | $39,528 | $42,382 | $5,160 | 12.892% |
| 2015 (FY 2015/16) | $43,267 | $9,968 | $33,299 | $39,636 | $4,804 | 12.883% |
| 2014 (FY 2014/15) | $41,965 | $9,968 | $31,997 | $37,817 | $4,559 | 12.855% |
| 2013 (FY 2013/14) | $42,774 | $9,968 | $32,806 | $36,421 | $4,492 | 13.145% |
| 2012 (FY 2012/13) | $41,985 | $9,968 | $32,017 | $34,883 | $4,300 | 13.181% |
| 2011 (FY 2011/12) | $36,688 | $9,968 | $26,720 | $32,471 | $4,058 | 13.433% |
| 2010 (FY 2010/11) | $34,176 | $9,968 | $24,208 | $31,054 | $3,868 | 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 1013411213. 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

### Continental Apts

Turtle Bay · Condominium

321 East 48th Street, New York, NY 10017

A building in Turtle Bay, currently featuring 4 active listings.

- **Year Built**: 1962
- **Total Units**: 4
- **Floors**: 14

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

### Available Residences — For Sale (4)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [2E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/321-east-48th-street-e-2E-ny-10017) | Studio | 1 | — | — | $505,000 | Corcoran Group | Mar 23, 2026 | 173 days |
| [1L](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/321-east-48th-street-1l-ny-10017) | Studio | 1 | — | — | $580,000 (-3.2%) | Brown Harris Stevens Residential Sales LLC | Mar 24, 2026 | 172 days |
| [7L](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10017/321-east-48th-street-l-7L-ny-10017) | Studio | 1 | 459 sqft | $1,196 | $549,000 — In contract | Douglas Elliman Real Estate | May 19, 2026 | 116 days |
| [9D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/321-east-48th-street-9d-ny-10017) | 2 | 1 | 750 sqft | $860 | $645,000 | ICONIC PROS | Sep 10, 2026 | 2 days |

## Estimated Monthly Payment

**$3,572 / month**, assuming a 20% down payment ($101,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,554
- **Common Charges**: $1,018

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

- [Continental Apts — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/continental-apts)
- [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.