223 East 50th Street #2-C, New York City, NY 10022
Listing Courtesy of City Connections Realty Inc
$489,000
Potential Rebate: $7,335
Overview
Find Your Happy Place in Midtown East! Fabulous 1-Bedroom Co-op on a Dreamy Tree-Lined Block<br><br>This is the one you’ve been waiting for! Full of charm, comfort, and smart updates, this beautiful 1-bedroom is tucked inside a well-kept elevator co-op on one of Midtown East’s most beautiful residential streets. <br><br>Whether you're a first-time buyer or hunting for the perfect NYC pied-à-terre, this apartment just feels right.<br><br>Inside, you’ll love:<br>• High ceilings: over 9 feet<br>• Gleaming hardwood floors that add warmth and character<br>• A happy, inviting vibe thanks to soft lighting and bright white walls<br>• Sunny kitchen with French door cabinets and a dishwasher <br>• Oversized king-friendly bedroom with a sleek ceiling fan<br>• New window A/C units with remote controls<br>• Sparkling white bathroom with a window and full bathtub — clean, classic, and calming<br><br>Perks of the Building:<br>• Elevator<br>• Laundry room<br>• Virtual doorman/intercom system with smartphone access — easy and secure<br><br>Location:<br>Live where convenience meets charm! This vibrant Midtown East location has it all — transportation, amazing restaurants, cozy cafés, bars, supermarkets, parks, gyms / exercise studios, and even a farmer’s market every Wednesday, all within blocks. It’s the kind of neighborhood that makes everyday life feel exciting.<br><br>Co-op Highlights:<br>• Only 20% down required<br>• Pieds-à-terre, co-purchasing, and subletting (after 2 years) are permitted<br>• Low maintenance<br><br>This cheerful and welcoming home is a rare find in an unbeatable location. Don’t miss your chance to call it “home!”
Home Features
- •Window Unit(s)
- •Common Area
- •Kitchen Window
Estimated Monthly Payment
$3,521 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,335
Monthly savings impact
$20/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).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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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 City Connections Realty Inc
Data Source: TRESTLE #RLS20024146
Price Analysis
Compare average listing prices and value metrics for 223 East 50th Street against the surrounding Turtle Bay market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
74.12% Lower
than the Turtle Bay price 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.
