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Stock Cooperative•Turtle Bay

245 East 54th Street #3-J, New York City, NY 10022

Listing Courtesy of R New York

$1,150,000

Potential Rebate: $17,250

Stock Cooperative

2 Beds

2 Baths

5 Rooms

1,200 sqft

Built 1977

30 Stories

958/ft²

Listed on Jan 3, 2026

13 days on market

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Overview

All showings and open houses are by private appointment. Welcome home to this exceptionally spacious two-bedroom, two-bathroom residence offering a smart, well-balanced layout and impressive room proportions throughout. Oversized windows fill the home with bright eastern light and tranquil treetop views. With incredibly low monthly maintenance of $2,300, this apartment represents outstanding value. The open chef’s kitchen, seamlessly connected to the living area, is outfitted with stainless steel appliances, including a Viking refrigerator, along with abundant cabinetry and counter space. The wide living and dining room easily accommodates a full dining setup and large sectional—ideal for entertaining or everyday living. A bonus nook adjacent to the kitchen is perfect for a home office, china cabinet, or additional storage. Both bedrooms are privately situated for maximum comfort. The oversized primary bedroom, spanning approximately 20 feet, comfortably fits a king-size bed with room for a seating area and home office, and is complemented by a generous walk-in closet. The second bedroom is well-proportioned and ideal for a guest room, home office, or nursery. Two full bathrooms provide excellent functionality and privacy. Residents enjoy a full-service building with a 24-hour doorman, live-in resident manager, laundry room, beautifully landscaped roof deck, and on-site garage parking. Ideally located in prime Midtown East, moments from Whole Foods, Trader Joe’s, Equinox, SoulCycle, PureGym, and an array of dining options. Transportation is effortless with the E, M, and 6 trains, with an entrance on Third Avenue, plus multiple bus lines nearby. Additional details: • 2,092 shares • Flip tax: $2/share paid by buyer ($4,184) • Temporary assessment: $222.16/month through 2028

Home Features

•Central Air
•Common Area
•Building Garden
•Building Roof Deck
•Entrance Foyer
•Pantry
•City

Estimated Monthly Payment

$8,052 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,683

Property Taxes

Maintenance/Common Charges

$2,369

Term

Interest

Home Price

Down Payment

Estimated Rebate for this Home

One-time rebate at closing

$17,250

Monthly savings impact

$48/mo

Effective Purchase Price

$1,132,750

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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.

The Real Estate Rebate Team

Listing Courtesy of R New York

Data Source: TRESTLE #RLS20065009

RLS at REBNY

Licensed Real Estate Broker real estate rebate team

Regis Roumila

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The Real Estate Rebate Team

Listing Courtesy of R New York

Data Source: TRESTLE #RLS20065009

RLS at REBNY

Price Analysis

Compare average listing prices and value metrics for 245 East 54th Street against the surrounding Turtle Bay market.

Based on 2 active units in building vs 148 in area

Average List Price

Building$1.2M

Neighborhood$2.0M

Price Per SqFt

Building Avg$958/ft²

Neighborhood Avg$10,259/ft²

Value Opportunity

90.66% 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.

Turtle Bay Guide All Neighborhoods