See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

241 E 48th St, New York, NY, 10017

5beds
6baths
5,500sqft
$9,975,000
$1,814price/sqft
$74,309/moest. monthly cost
$2,972,360/yrincome needed

About This Home

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.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
80
BikeVery Bikeable

Schools

8/10
Jhs 104 Simon BaruchGrades 6-81.4 mi
8/10

Construction

Condition

  • Year built: 1899

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood
  • Fireplace: Yes

Interior Area

  • Total structure area: 5,500
  • Total interior livable area: 5,500 sqft

Property

Details

  • Parcel number: 013220018
  • Special condition: Resale

Features

  • Patio & porch: Other,Terrace
  • Exterior features: Courtyard,Balcony,Garden,Terrace
  • Has view: Yes
  • View description: City,Garden,Park/Greenbelt,Skyline

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Cold Wave
Earthquake
Hurricane
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $50,439$605,268
Home Insurance *$17,061$204,732
Property Taxes $5,901$70,812
Electricity $908$10,907
Total$74,309$891,708
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,547,737/yr
40% on housing$2,229,270/yr
45% on housing$1,981,573/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,814This listing

vs Other Active Listings

Avg $/sqft

ZIP 10017$974
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10017$750
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Price change$36,500
2026-07-17Price change$9,975,000
2026-06-30Listed for rent$38,750
2025-10-29Listing removed$38,000
2025-10-02Price change$38,000
2025-09-17Listed for rent$40,000
2025-06-23Price change$10,500,000
2025-04-02Price change$11,500,000
2024-10-15Listed for sale$12,900,000
2024-10-07Listing removed$13,950,000
2024-04-08Listed for sale$13,950,000
2023-05-13Listing removed--
2023-05-01Listed for rent$50,000
2022-05-20Listing removed--
2022-05-06Price change$50,000
2022-03-15Listed for rent$45,000
2012-09-24Sold$5,200,000
2012-08-18Pending sale$5,900,000
2012-03-10Listed for sale$5,900,000

For Sale by Agent

AgentJulie Pham
BrokerageCompass

Similar Homes