--- title: "241 East 48th Street, New York City, NY 10017" description: "241 East 48th Street, New York City, NY 10017 — Townhouse in Midtown East, Manhattan, NY. Listing Price $9,975,000. In contract 8/27/2026. 5 bed, 6 bath, 5,500 sqft Illustrative Buyer Commission Share of $149,625 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10017/241-east-48th-street-ny-10017" source: "Real Estate Rebate Team" dateModified: "2026-08-27T20:23:54.961Z" status: "Pending" --- # 241 East 48th Street, New York City, NY 10017 Townhouse in Midtown East, Manhattan, NY **New Development** Courtesy of Compass Last updated: August 27, 2026, 4:23 PM ## At a Glance - **Listing Price**: $9,975,000 - **Status**: In contract 8/27/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 5 - **Total Baths**: 6 - **Sqft**: 5,500 - **Monthly Taxes**: $6,534 / mo - **Price per Sqft**: $1,814 - **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**: $9,975,000 - **Illustrative Buyer Commission Share**: -$149,625* - **Illustrative Net Cost**: $9,825,375 *Illustrative Buyer Savings of $149,625 — 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 (10) ![241 East 48th Street, New York City, NY 10017 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fc899b79-094d-46d7-b229-7c099b3be5e8.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d9e73586-5e8d-444b-9928-dd2e204bbc6f.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0c1bb29c-f6b4-4390-a088-88a8928864c5.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/36c2e578-10ab-45c8-aecb-62e3777fea61.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/69c69534-3fd2-4593-852f-2e67f0f8d95a.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/78e1c03b-d606-41e4-9ff2-fd25eca61909.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9ce73745-925e-4d5d-9aa2-edbff7dcdd14.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/abdad5cb-78f8-43ae-a166-4945ee873492.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dfce6f89-e0cd-407a-83f4-c8454fda0e7f.jpg) ![241 East 48th Street, New York City, NY 10017 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3145f469-bfa6-43d6-a540-7ea23ff32a9c.jpg) ## Property Overview 241 East 48th Street | Turtle Bay Gardens Timeless Architecture. Bespoke Craftsmanship. Extraordinary Living Welcome to 241 East 48th Street, a distinguished 20-foot-wide Georgian townhouse offering 5,500 square feet of impeccably restored living space. Completed and delivered in 2020 following a comprehensive ground-up rebuild, this exceptional residence seamlessly marries historic grandeur with contemporary sophistication. Situated within the coveted Turtle Bay Gardens, one of Manhattan’s most exclusive and architecturally significant enclaves, the home enjoys privileged access to the private, willow-lined residents’ garden while offering a rare sanctuary moments from the heart of Midtown. Highlights • Masterfully Restored and Crafted Effectively new construction completed and delivered in 2020, the original structure was demolished down to the ground and rebuilt in full, with only one side wall of the original building retained. The residence features bespoke finishes, custom millwork, and exquisite materials sourced from Portugal, all while honoring the home’s original architectural character. • New Systems and Infrastructure All building systems date to the 2020 rebuild, including all-new plumbing and piping and all-new electrical systems, built to the highest current code and city standards. • 4 - 5 Bedrooms | 5 Full Baths | 2 Powder Rooms | Private Elevator Thoughtfully designed for modern living with smart-home automation, advanced security, steel-reinforced construction, humidity-controlled zoned HVAC, and seamless elevator access to every floor. • Exceptional Outdoor Living A beautifully landscaped private garden complemented by exclusive access to the iconic, willow-lined Turtle Bay Gardens, one of New York City’s most treasured private green spaces. • A Storied Address Located within the legendary Turtle Bay Gardens, whose notable residents have included Katharine Hepburn, Bob Dylan, Stephen Sondheim, and E. B. White. Residence Garden Level A spectacular chef’s kitchen appointed with a top-tier appliance suite and dramatic waterfall island flows effortlessly into an expansive Great Room with soaring 20-foot ceilings and skylights. A glass-enclosed dining pavilion opens directly onto the garden, creating an extraordinary indoor-outdoor living experience. Gas fireplace and elegant powder room complete the floor. Parlor Level A magnificent formal living room with soaring ceilings overlooks the Great Room below through a Juliet balcony. Custom built-in library, gas fireplace, and refined architectural detailing create an atmosphere of understated elegance. Third Floor Two generously proportioned bedroom suites, each with luxurious en-suite baths, abundant custom closets, and tranquil garden or townhouse views. Fourth Floor An extraordinary full-floor primary suite featuring a spa-inspired marble bath with soaking tub, oversized shower, double vanity, and an expansive custom-designed dressing room worthy of a world-class boutique. Fifth Floor A light-filled loft-style office or guest suite with kitchenette, full windowed bath, and private terrace overlooking the lush gardens below. Cellar A beautifully finished recreation room or fitness studio, full bath, laundry, mechanical systems, and extensive storage. The Neighborhood Turtle Bay is one of Manhattan’s most refined residential enclaves, celebrated for its elegant tree-lined streets, historic townhouses, and remarkable sense of tranquility. Moments from Grand Central Terminal, the United Nations, Beekman Place, Sutton Place, and the East River waterfront, the neighborhood offers an effortless blend of international prestige and old New York charm. Hidden gardens, intimate cafés, and pocket parks create an atmosphere rarely found in Midtown, making Turtle Bay one of the city’s most coveted addresses. ## Property Details - **Property Type**: Single Family Residence - **Beds**: 5 - **Total Baths**: 6 - **Rooms**: 11 - **Sqft**: 5,500 sqft - **Stories**: 4 - **Year Built**: 1899 - **Price per Sqft**: $1,814 - **Monthly Taxes**: $6,534 / mo - **Listed On**: Jul 17, 2026 - **Days on Market**: 51 Days ### Residence Features - Central Air - Common On Floor - In Unit - See Remarks - Building Garden - Juliet Balcony - Private Outdoor Space Under 60 Sqft - Built-in Features - Chandelier - Crown Molding - Double Vanity - Entrance Foyer - Eat-in Kitchen - Elevator - High Ceilings - Kitchen Island - Pantry - Soaking Tub - Walk-In Closet(s) - Dryer - Dishwasher - Wine Cooler - Washer - Hardwood - Full - Security System - Skylight(s) - City Lights - City - Garden ## 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) ## Price and Property History for 241 East 48th Street Review the recorded listing activity for 241 East 48th Street, including asking-price changes and prior market dates. - **Entered contract**: August 27, 2026 | Date | Price | Listing event | | --- | --- | --- | | August 27, 2026 | $9,975,000 | Entered contract | | July 16, 2026 | $9,975,000 | Listed for sale by Compass | ## Property Tax History Taxes at 241 East 48th Street were $79,368 in 2026, up 1.7% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $395,160 | $169,020 | $226,140 | $395,160 | $79,368 | 20.085% (estimated) | | 2025 (FY 2025/26) | $416,100 | $169,020 | $247,080 | $388,654 | $78,061 | 20.085% (estimated) | | 2024 (FY 2024/25) | $451,980 | $169,020 | $282,960 | $370,453 | $74,405 | 20.085% | | 2023 (FY 2023/24) | $540,720 | $169,020 | $371,700 | $370,453 | $74,405 | 20.085% | | 2022 (FY 2022/23) | $516,600 | $169,020 | $347,580 | $353,865 | $71,866 | 20.309% | | 2021 (FY 2021/22) | $430,620 | $169,020 | $261,600 | $351,441 | $70,158 | 19.963% | | 2020 (FY 2020/21) | $362,040 | $169,020 | $193,020 | $265,190 | $55,809 | 21.045% | | 2019 (FY 2019/20) | $362,340 | $169,020 | $193,320 | $248,832 | $52,670 | 21.167% | | 2018 (FY 2018/19) | $248,832 | — | — | $248,832 | $52,053 | 20.919% | | 2017 (FY 2017/18) | $235,008 | — | — | $235,008 | $47,906 | 20.385% | | 2016 (FY 2016/17) | $232,988 | — | — | $232,988 | $46,577 | 19.991% | | 2015 (FY 2015/16) | $219,801 | — | — | $219,801 | $42,980 | 19.554% | | 2014 (FY 2014/15) | $207,360 | — | — | $207,360 | $39,724 | 19.157% | | 2013 (FY 2013/14) | $207,360 | — | — | $207,360 | $39,794 | 19.191% | | 2012 (FY 2012/13) | $195,840 | — | — | $195,840 | $36,366 | 18.569% | | 2011 (FY 2011/12) | $194,157 | — | — | $194,157 | $35,346 | 18.205% | | 2010 (FY 2010/11) | $183,168 | — | — | $183,168 | $31,805 | 17.364% | 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 1013220018. 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 ### 241 East 48th Street 241 East 48th Street, New York, NY 10017 A Townhouse in the neighborhood built in 1899. - **Year Built**: 1899 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/241-east-48th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10017/241-east-48th-street-ny-10017) | 5 | 6 | 5,500 sqft | $1,814 | $9,975,000 — In contract | Compass | Jul 17, 2026 | 51 days | ## Estimated Monthly Payment **$56,973 / month**, assuming a 20% down payment ($1,995,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $50,439 - **Property Taxes**: $6,534 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) ## Midtown East Overview of Midtown East [Explore Midtown East](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-midtown) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Midtown East - [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 - [241 East 48th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/241-east-48th-street) - [Midtown East neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-midtown) - [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.