241 East 48th Street, New York (Turtle Bay), NY, 10017 | $13,950,000

This spectacular 5 floor townhome is delivered with a lush private garden, an abundance of closet space, premier finishes, and unparalleled amenities with its elevator access throughout the home. Luxury and thoughtful design are abundant throughout this 4 bedroom 5. 5 bathroom 5, 500 SF home. A Georgian facade with timeless details welcomes you into the spectacular home, gorgeous hardwood floors flow throughout the stunning space paired with oversized floor to ceiling and casement windows on each floor. Equipped with integrated smart home technology and elevator access on each floor gives this classic home a touch of modernity.

Turtle Bay Gardens is the epitome of iconic living. You're in good company with previous residents Katherine Hepburn, Bob Dylan, Stephen Sondheim, and E. B. White, all who beckoned home to Turtle Bay Gardens.

The famous garden community, developed in 1920, is comprised of 20 homes and gardens on 48th Street and 49th Street between 2nd and 3rd Avenues. Reminiscent of an intimate garden in Italy, a willow tree-lined central esplanade detailed with benches and fountain is shared among the homes with tasteful masonry walls separating individual private green spaces.

Garden Floor:
An open floorplan chef's kitchen delights with a grandiose kitchen island and the perfect breakfast nook to start your days. Beyond the kitchen, 20' ceilings welcome you into the grand room that is bathed in natural light from the wide-set windows and incredible skylight that lead into and a sunroom perfect for more dining and entertaining space. Elegant wainscoting, classic moldings with gas-burning fire place accentuates the charm and elegance of the garden floor.

Parlour Floor:
The breathtaking formal parlour floor with soaring ceiling heights and floor to ceiling windows overlooks the private garden. Take in the serenity of your private garden on the Juliet balcony just beyond the dramatic windows. A gas-burning marble fireplace creates the perfect ambiance for a cozy night in or for entertaining guests.

Third Floor:
Two gracious bedrooms are situated on the third floor with en-suite baths for each room along with desirable expansive closets. Storage is no issue as the third floor delivers floor to ceiling custom built closets lining the elegant hallway.

Fourth Floor:
The fourth floor hosts the refined and spacious primary bedroom suite overlooking the serene garden. The primary bathroom is a masterpiece complete with double vanities, a glass-walled shower, and a luxurious marble soaking tub. A grand closet connects the bedroom with a separate powder room along with multiple custom closets completing this enviable primary home floor.

Fifth Floor:
The fifth floor suite is equipped with a private full bathroom and kitchenette providing an ideal arrangement for guests or staff. The towering ceilings paired with the impressive skylight create a stunning finish to this top floor with a south facing balcony and separate terrace facing the private garden for a thoughtfully designed oasis.

Cellar:
The full floor cellar includes an entertainment room with a full bath, the building mechanicals, laundry room, and allows for even more storage space.

Stretching from East 43rd to 53rd Streets and from Lexington Avenue to the East River, Turtle Bay is an international enclave on formerly Dutch farmland. The area boasts dozens of businesses, restaurants, and specialty groceries that cater to a global clientele. Conveniently located near Midtown and the Upper East Side home to spectacular sites including the sculpture garden at Amste Yard or the 25-foot waterfall in Greenacre Park; Turtle Bay Gardens, a cluster of historic townhomes on East 48th and 49th Streets, with an incredible shared garden in between, is the true crown jewel.

Features

  • Town: New York
  • Amenities: Garden; Laundry Room;
  • Rooms: 5
  • Year Built: 1860
  • Cooling: Central
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • Built Size: 20'x48'
  • OLR#: RPLU5122952730
  • Days on Market: 211 days
  • Website: https://www.raveis.com
    /eprop/RPLU5122952730/241east48thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate - Park Plaza

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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241 East 48th Street, New York (Turtle Bay), NY, 10017

$13,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $11,160,000 $11,160,000 $11,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $64,243 $70,539 $94,174
Total Monthly Payment $64,368 $70,664 $94,299

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.