138 East 50TH Street #12C, New York City, NY 10022
Listing Courtesy of Douglas Elliman Real Estate
$2,475,000
Potential Rebate: $37,125
Overview
<p>Immediate Occupancy</p> <p>This expansive two bedroom, two bathroom residence designed by Champaulimaud offers southern and north eastern exposures through floor-to-ceiling windows. White oak flooring throughout leads from the entry into an open living and dining concept, complete with a chef's kitchen offering honed Capri marble countertops, backsplash, and a waterfall island with room for seating. The kitchen has a refined aesthetic with streamlined custom white oak millwork that seamlessly integrates a full Gaggenau appliance package, including an undercounter wine refrigerator, complemented by Dornbracht fixtures.</p> <p>The master bedroom features an expansive walk-in closet, separate coat closet, and en-suite master bath. The serene marble-clad master bathroom offers Bianco Dolomiti radiant heated flooring underfoot, Marno Illusion stone tiled walls, and a custom vanity with white oak, rift-cut wood veneer millwork, and Marno Illusion countertops, completed with a built-in medicine cabinet, a Kallista Sink and Dornbracht Fixtures. A Nest Learning Thermostat and Bosch washer and dryer complete this elegant residence.</p> <p>The grand amenities spaces are personalized with handmade artwork, distinctive marbles, natural stones, and dramatic light fixtures that come together to create an ethereal, intimate feel. Residents arrive to The Centrale through a sheltered porte-cochere or the private residential lobby, which are both attended to 24 hours a day. The formal Great Room, Private Dining Room with Catering Kitchen, the Club Room, and an all-season Club Terrace are perfect for entertaining in any style. A state-of-the-art fitness center overlooks a 75' lap pool, while the yoga room offers a serene respite.</p> <p>At 71 stories, The Centrale takes its place alongside Midtown Manhattan's most iconic buildings, encompassing a collection of 124 classic yet undeniably modern residences, envisioned by Champalimaud Design. The Centrale's exterior design by Pelli Clarke Pelli Architects, builds upon classic Art Deco architecture with contemporary elements thoughtfully displayed throughout, including the lightly reflective glass fa?ade articulated with facets of terracotta chevrons. The Centrale reveals its base, body and crown from street to the sky with crystalline switchbacks, creating a dynamic rhythm of angled reflections of the surrounding Midtown landscape.</p> <p>The complete terms are in an offering plan available from the Sponsor (File No: CD17-0203).</p> <p> </p>
Home Features
- •Central Air
- •Building Roof Deck
Estimated Monthly Payment
$15,002 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$37,125
Monthly savings impact
$103/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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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. ©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.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20059234
Price Analysis
Compare average listing prices and value metrics for THE CENTRALE against the surrounding Turtle Bay market.
Average List Price
Price Per SqFt
77.95% Lower
than the Turtle Bay 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.
Turtle Bay
Overview of Turtle Bay
Turtle Bay is a diplomatic and residential enclave on the East Side, stretching from 43rd to 53rd Streets east of Lexington Avenue. Anchored by the United Nations, it feels international yet neighborly. For buyers eyeing Turtle Bay Manhattan real estate, the area offers a quiet retreat in the middle of it all.
Living in Turtle Bay, Manhattan is sophisticated and serene. The streets are lined with diplomatic missions, consulates, and elegant pre-war buildings. As a historic Manhattan NYC neighborhood, it attracts a mix of UN employees, longtime residents, and young professionals seeking value and proximity to Midtown offices.
Real Estate & Housing Market
The inventory of homes for sale in Turtle Bay is diverse. You can find everything from white-glove co-ops on Beekman Place to more affordable post-war condos and brownstones on the side streets. The presence of the UN creates a steady rental market for diplomats, making it attractive for investors.
Turtle Bay often offers better value than its neighbors to the north and south. Buyers can find spacious layouts and river views at price points that are competitive for prime Manhattan. The "Katharine Hepburn Garden" area adds a touch of historic celebrity allure.
Lifestyle & Community
The lifestyle in Turtle Bay is professional and polite. The nightlife on Second Avenue attracts a younger crowd for happy hour, but the side streets remain peaceful. The community is heavily influenced by the international corps of the UN, giving it a unique global flavor.
Residents enjoy a quiet quality of life. The neighborhood has a strong sense of civic pride, evident in the Turtle Bay Association's active care for the local parks and gardens. It feels like a small village tucked behind the skyscrapers.
Transportation & Accessibility
Turtle Bay is convenient for commuters. Grand Central Terminal is within walking distance, providing access to the 4, 5, 6, 7, S trains and Metro-North. The E and M trains at Lexington/53rd offer quick east-west options.
The M15 Select Bus Service on 1st and 2nd Avenues is heavily used by locals. The proximity to the FDR Drive makes leaving the city by car relatively easy compared to other parts of Midtown.
Parks, Schools & Amenities
Dag Hammarskjöld Plaza serves as the neighborhood's gathering place, hosting a greenmarket and events. The quiet Greenacre Park on 51st Street, with its 25-foot waterfall, is a hidden gem for residents seeking tranquility.
Amenities include the Vanderbilt YMCA, numerous diplomatic cultural centers, and a wide array of grocery options from Whole Foods to Morton Williams. The dining scene ranges from classic steakhouses like Smith & Wollensky to varied international cuisines.
Who This Neighborhood Is Best For
Turtle Bay is best for diplomats, midtown office workers, and buyers seeking a quiet, safe, and centrally located home. It balances the convenience of Midtown with the charm of a residential community.
