Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
221 E 48th Street #Garden
Interested in this property?
Active For Sale Condo

$1,800,000

$1,405 per sq ft

221 E 48th Street #Garden

Turtle Bay, Manhattan

Terra 48

MLS® #RLS20080510

RLS at REBNY

Listing by Sothebys International Realty

Open House Scheduled

Sunday, May 17 • 12:00 PM – 1:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

2

Bedrooms

2

Baths

1,281

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,281 sq ft
Lot Size 2,008 sq ft
Year Built 1910
Ownership Condo
HOA/Common Charges $670/mo
Property Taxes $27,666/yr
Neighborhood Turtle Bay
Floor 1 of 6

Property Highlights

  • Views: City
  • Exposure: North,South facing
  • Outdoor Space: Building Terrace, Terrace

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 1 of 6
View City
Exposure North,South
Cooling Central Air
Pets Yes
Year Built 1910 (New)
Living Area 1,281 sq ft
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Lot Size 2,008 sq ft
Parcel # 1322-0011
Block/Lot 01322/0011

Listing History

Event Date Price Change
Listed Mar 31, 2026 $1,950,000 -
Currently May 15, 2026 $1,800,000 -7.7%

Description

Open Houses are by appointment only. Welcome to Terra 48, a boutique collection of six full-floor luxury residences in a stunningly reimagined 1910 brownstone. Thoughtfully designed to blend historic charm with modern sophistication, the garden unit is the final unit to be released. The private backyard is a spacious private oasis with hand-laid pavers and raised garden bed. A two bed, two and a half bath home, it offers a generous layout, with a bonus room on the lower level. This additional space - outfitted with a half bath and A/C, is accessed off of the backyard, perfect for a home gym, office, or storage. Upstairs, the chef’s kitchen is a masterpiece of both style and utility, equipped with custom cabinetry, Calacatta Valentin quartz countertops, a Bosch induction range, Fisher & Paykel refrigerator, Bosch dishwasher, and a vented Faber hood. Under-cabinet lighting and a suite of Kohler fixtures complete the space. The primary bathroom is a quiet, private space with an ensuite five-fixture bath featuring Kohler outfittings, a soaking tub, double vanities, custom cabinetry, and floor-to-ceiling Ariston marble tiles. The secondary full bath maintains the same level of elegance with premium finishes and fixtures. Terra 48’s storied past is enriched by its former residents, renowned industrial designers Russel and Mary Wright, whose innovative work helped shape modern American living. Inspired by their legacy, these homes highlight the living and dining spaces, and feature 7.5” wide white oak flooring, recessed LED lighting, and a Mitsubishi split HVAC system for year-round comfort. Terra 48 is a rare opportunity to own a piece of history while embracing the best of contemporary living. The complete offering terms are in an offering plan available from Sponsor. File No. CD24-0029. Sponsor: CMCSSG 221E48, LLC., 207 Bowery, 2nd Floor, New York, NY 10002. Equal Housing Opportunity. Disclaimer: Some images feature virtual renderings, and certain photos may depict similar units within the building. For detailed information and to schedule a tour, please contact our Exclusive Agents.

Features & Amenities

Interior Features

In Unit Flooring: Hardwood

Exterior Features

Building Garden Building Roof Deck Garden Private Outdoor Space Over60 Sqft Private Yard Building Terrace Terrace

Building Amenities

Elevators

Appliances

Dryer Washer Dryer Stacked Dishwasher Washer

Building Information

Financial Details

Common Charges $670/mo
RE Taxes $27,666/yr ($2,306/mo)
Original Price $1,950,000
Previous Price $1,950,000

Turtle Bay is a refined and diplomatic corridor, home to the United Nations Headquarters and numerous international consulates. The neighborhood is famous for the historic Turtle Bay Gardens and its tree-lined streets. Real estate in Turtle Bay offers a wide selection, from elegant pre-war townhouses to modern luxury condominiums that provide a low-traffic residential atmosphere just steps away from the bustle of Midtown.

Turtle Bay Live Market Data

View Neighborhood

Active Listings

174

Median Asking Price

$1.05M

Median $/Sqft

$1,479

Avg Days on Market

N/A

New This Week

5

Price Reduced

42%

Sold (30 Days)

6

Median Sale Price

$1.07M

Live data from RLS at REBNY • Updated 5/15/26, 7:00 PM EST

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Location

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221 E 48th Street #Garden, Turtle Bay, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1960
Year Built
66 years old
1
Floors
M1-2D
Zoning District

Tax & Assessment

Assessed Value: $942,300
Land Value: $141,750
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 14,023 SF
Building Area: 14,000 SF
Built FAR: 1
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $670 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $27,666, or roughly $2,306 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,281 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,800,000 for 1,281 sq ft, the asking price per square foot is approximately $1,405. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20080510
First Listed: 3/31/2026
On Market: 3/31/2026
Price Changed: 4/16/2026
Contract Date: 2/19/2026

Listing Courtesy of Sothebys International Realty - Alexis Carpinello

Listing Contact: (518) 810-3894

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/15/2026 at 11:00 PM UTC

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