216 East 47TH Street #PH, New York City, NY 10017
Listing Courtesy of Manhattan Boutique Real Estate Inc
$3,950,000
Potential Rebate: $59,250
Overview
<p> <strong>3BR Duplex with South View - Great Investment</strong></p> <p> <strong>The Apartment: </strong></p> <p>A Great Investment 2400 s.f. duplex occupies the whole 32nd & 33th floor with entry via a private landing - majestic and a gem for both living and entertaining! Truly a unique layout in Manhattan, it features a stunning living and dining space of grand proportions and 12" high ceilings with fireplace, wet bar and skylight leading to a large private outdoor space. The apartment features 3 bedrooms, 3 bathrooms, beautiful wood floors, a newly renovated chef's kitchen with top of the line appliances, and ample closet space. The master bedroom has a dressing area/walk in closet, private terrace, large marble bath with a double vanity, tub and stall shower. The two additional bedrooms have ample closet space and an adjoining terrace. Quiet, peaceful and light-filled from South and North exposures. The terrace off of the living room and master bedroom has expansive and breathtaking Midtown views. Washer/Dryer. Prime location - Grand Central Station, the UN, world-class restaurants and shops. Local transportation #4, 5, 6, E and M subway lines. No pets.</p> <p>FOR INVESTORS</p> <p> <strong>The Building:</strong> </p> <p>The Octavia is a boutique Midtown full-service condominium building in the heart of midtown. with a F/T doorman, live in super, and laundry room. Located in the heart of Turtle Bay, it is a quick walk or subway ride to any point in Manhattan.</p> <p>Note: All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, change of price, or change of other terms and conditions, prior to sale or withdrawal without notice. All dimensions, specifications, and other data shown are approximate. The floor plan is for guidance only, it does not create any representation, warranty or contract. For exact measurements, you must hire your own architect or engineer to verify the information contained herein.</p>
Home Features
- •Building In Basement
- •Private Outdoor Space Under 60 Sqft
- •Smoke Free
- •City
- •Panoramic
Estimated Monthly Payment
$28,488 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$59,250
Monthly savings impact
$165/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 Manhattan Boutique Real Estate Inc
Data Source: TRESTLE #RLS10980316
Price Analysis
Compare average listing prices and value metrics for The Octavia against the surrounding Turtle Bay market.
Average List Price
Price Per SqFt
84.09% 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.
