321 East 48th Street #PHBC, New York City, NY 10017
Listing Courtesy of Keller Williams NYC
$11,800/mo
Potential Rebate: $177
Overview
Expansive Sun-Filled Penthouse with Two Terraces and Breathtaking City Views
Welcome to this bright and spacious three-bedroom, three-bathroom penthouse offering elegant living in the heart of Midtown East. Boasting south, north, and east exposures, this exceptional home is flooded with natural light throughout the day.
Step through a grand foyer into an oversized living room featuring nine-foot ceilings, crown moldings, and hardwood floors. The living space includes a wet bar, a formal dining area, and access to a private terrace with open city views—perfect for entertaining or relaxing above the city.
The renovated windowed kitchen is both beautiful and functional, equipped with marble countertops, stainless steel Samsung appliances, and ample cabinet and counter space.
The primary suite offers a true retreat with a private north-facing balcony, walk-in closet, and a beautifully renovated en-suite bath. The second bedroom, with sunny southern exposure, also features an en-suite bath and a walk-in closet, while the third bedroom enjoys peaceful eastern views and two closets. An in-unit washer and dryer complete this thoughtfully designed home.
The Continental Condominium is a full-service building with a 24-hour doorman, live-in superintendent, and attentive staff. Additional amenities include a central laundry room, bike storage, and a prime location near Grand Central Terminal, Metro-North, multiple subway lines, and the United Nations. Enjoy proximity to local favorites such as the Dag Hammarskjold Plaza Farmers Market, a plethora of fine and casual dining options, and the Vanderbilt YMCA—just a two-minute walk away.
Don’t miss the opportunity to call this stunning penthouse your next home. Contact us today to schedule a tour!
Fees: Initial submission: $120, administrative fee: $100, application processing fee: $700, credit check fee: $120 per applicant, digital submission: $65, application administrative fee: 5% of total fees, non-refundable move in fee: $500, refundable move in deposit: $250
First month's rent: 1 month rent
Security Deposit: 1 month rent
Tenant is responsible for electricity, cable, and internet services
Home Features
- •In Unit
Estimated Monthly Payment
$58 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$177
Monthly savings impact
$0/mo
Effective Purchase Price
$11,623
(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).
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 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 Keller Williams NYC
Data Source: TRESTLE #RLS20059332
Price Analysis
Compare average listing prices and value metrics for 321 East 48th Street against the surrounding Turtle Bay market.
Average List Price
Price Per SqFt
100.00% 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.
