---
title: "321 East 48th Street #7L, New York City, NY 10017"
description: "321 East 48th Street #7L, New York City, NY 10017 — Turtle Bay, New York City, NY. Listing Price $549,000. In contract 6/9/2026. Studio bed, 1 bath, 459 sqft Illustrative Buyer Commission Share of $8,235 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/321-east-48th-street-l-7L-ny-10017"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 321 East 48th Street #7L, New York City, NY 10017

Turtle Bay, New York City, NY

**New Development · Sponsor Residence**

Courtesy of Douglas Elliman Real Estate

## At a Glance

- **Listing Price**: $549,000
- **Status**: In contract 6/9/2026
  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
- **Sqft**: 459
- **Common Charges**: $814 / mo
- **Price per Sqft**: $1,196
- **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**: $549,000
- **Illustrative Buyer Commission Share**: -$8,235*
- **Illustrative Net Cost**: $540,765

*Illustrative Buyer Savings of $8,235 — 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 (8)

![321 East 48th Street #7L, New York City, NY 10017 — photo 1 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa752163-fef7-4ead-8d5c-779d24e60932.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 2 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/92f83790-0262-4dfa-a21a-be5fd4216a26.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 3 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6321a58e-a443-4c9a-8b48-13d065e37e34.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 4 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3d0660c8-2845-4c91-af55-9a7ace840486.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 5 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d0f85a6b-a4cc-461e-a35c-1ecb5464e058.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 6 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e9c0b16e-8e71-44a9-9f24-e7b584f1b105.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 7 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/40c446c9-a4c6-47e0-bc91-2931dec24cb2.jpg)
![321 East 48th Street #7L, New York City, NY 10017 — photo 8 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1664e31f-fbaa-4eca-b328-f1e6884357fe.jpg)

## Property Overview

Sponsor Sale - No board approval and an in Unit W/D

 Welcome to your newly renovated Studio in the heart of Turtle Bay. As you step into this stylish and modern space, you'll immediately notice the high-end finishes and attention to detail. The open-concept living area is bathed in natural light & open sky views, creating a warm and inviting atmosphere. Pristine new floors throughout complement the fresh, neutral color palette throughout. The kitchen is a culinary enthusiast's dream, featuring stainless steel appliances (with dishwasher) that effortlessly combine form and function. Whether you're whipping up a quick breakfast or hosting a gourmet dinner party, this kitchen has you covered. The beautifully appointed bathroom boasts contemporary fixtures and a spa-like ambiance. Oh yeah, and full sized stackable in unit Washer/Dryer completes this turnkey offering.

 The Continental Condominium is a premier full-service residence ideally located at 321 E 48th Street in the heart of Manhattan, offering the perfect blend of luxury living and urban convenience. Enjoy the security of round-the-clock doorman services and a live-in super. Plus, the building amenities ensure your comfort and convenience, including storage space, bike parking, and laundry. Commuting is a breeze with easy access to public transportation and Grand Central Terminal.

 NOTE: This is a sponsor sale. No Board Package and No Board Approval required, ensuring a smooth and hassle-free purchase process.

  NOTE: The images with furniture are virtually staged.

## Property Details

- **Property Type**: Condominium
- **Baths**: 1
- **Rooms**: 2
- **Sqft**: 459 sqft
- **Stories**: 14
- **Year Built**: 1962
- **Price per Sqft**: $1,196
- **Common Charges**: $814 / Monthly
- **Listed On**: May 19, 2026
- **Days on Market**: 111 Days

### Residence Features

- Building In Basement
- Washer Hookup
- In Unit
- Private Outdoor Space Under 60 Sqft
- City

## Buying in a new development?

Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo.

[Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc)

## 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](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/321-east-48th-street-e-2E-ny-10017) (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 $549,000, $64,000 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 7L

Review the recorded listing activity for 321 East 48TH Street, Unit 7L, including asking-price changes and prior market dates.

- **Entered contract**: June 9, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| June 9, 2026 | $549,000 | Entered contract |
| May 19, 2026 | $549,000 | Listed for sale by Douglas Elliman Real Estate |

## Property Tax History

Taxes at 321 East 48th Street #7L were $6,963 in 2026, up 6.7% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $66,465 | $9,724 | $56,741 | $55,701 | $6,963 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $56,621 | $9,724 | $46,897 | $52,188 | $6,524 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $53,259 | $9,724 | $43,535 | $51,766 | $6,471 | 12.5% |
| 2023 (FY 2023/24) | $51,989 | $9,724 | $42,265 | $51,989 | $6,500 | 12.502% |
| 2022 (FY 2022/23) | $50,180 | $9,724 | $40,456 | $50,180 | $6,156 | 12.267% |
| 2021 (FY 2021/22) | $48,897 | $9,724 | $39,173 | $48,897 | $5,983 | 12.235% |
| 2020 (FY 2020/21) | $54,512 | $9,724 | $44,788 | $50,710 | $6,221 | 12.267% |
| 2019 (FY 2019/20) | $55,071 | $9,724 | $45,347 | $48,243 | $6,017 | 12.473% |
| 2018 (FY 2018/19) | $52,778 | $9,724 | $43,054 | $45,417 | $5,728 | 12.612% |
| 2017 (FY 2017/18) | $46,429 | $9,724 | $36,705 | $42,619 | $5,421 | 12.719% |
| 2016 (FY 2016/17) | $48,288 | $9,724 | $38,564 | $41,349 | $5,331 | 12.892% |
| 2015 (FY 2015/16) | $42,211 | $9,724 | $32,487 | $38,670 | $4,982 | 12.883% |
| 2014 (FY 2014/15) | $40,942 | $9,724 | $31,218 | $36,894 | $4,743 | 12.855% |
| 2013 (FY 2013/14) | $41,731 | $9,724 | $32,007 | $35,531 | $4,671 | 13.145% |
| 2012 (FY 2012/13) | $40,962 | $9,724 | $31,238 | $34,028 | $4,485 | 13.181% |
| 2011 (FY 2011/12) | $35,793 | $9,724 | $26,069 | $31,675 | $4,255 | 13.433% |
| 2010 (FY 2010/11) | $33,342 | $9,724 | $23,618 | $30,294 | $4,045 | 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 1013411273. 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 3 active listings.

- **Year Built**: 1962
- **Total Units**: 3
- **Floors**: 14

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

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [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 | 110 days |
| [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 | 167 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 | 166 days |

## Estimated Monthly Payment

**$3,590 / month**, assuming a 20% down payment ($109,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,776
- **Common Charges**: $814

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

## This is a new development purchase

Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price.

- [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator)
- [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc)
- [More new developments](https://realestaterebatesnewyork.com/new-developments)

## 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.