$23,000,000
Updated 11 years ago
Sold
249-253 East 50th Street
Turtle Bay, Manhattan | Third Ave & Second Ave
8,950 Square FeetDevelopment Site
$23,000,000
floors4
Lot Size55'x100'
Building TypeDevelopment Site
Price Per SF
$2,570
Building Amenities
- Voice Intercom
- Elevator
Property Description for 249-253 East 50th Street
> Three contiguous four story plus basement mixed-use buildings, built in 1910, delivered mostly vacant.
> The assemblage consists of 249 East 50th Street (Block: 1324/Lot: 21) 18.5' x 100.5' built 42'; 251 East 50th Street (Block: 1324/Lot: 121) 18' x 100.5' built 42' and 253 East 50th Street (Block: 1324/Lot: 122) 18.5' x 100.5' built 42' providing 55' of frontage.
> All existing residential units are vacant and one existing commercial tenant has a demolition clause.
> All three properties can be delivered vacant.
> The site allows approximately 52,000 square feet as-of right residential.
Listing History for 249-253 East 50th Street
Now
09/29/2008
Sold and Closed by Jack Alvo
Douglas Elliman
04/17/2008
Contract Signed by Jack Alvo
Douglas Elliman
Building Details for 249-253 East 50th Street
OwnershipDevelopment Site
Building TypeDevelopment Site
Service LevelVoice Intercom
AgePre-War
Floors4
Transit and Citi Bike
Subway
Lexington Av/53 St
0.15 miles
51 St
0.17 miles
5 Av/53 St
0.44 miles
Grand Central-42 St
0.44 miles
59 St
0.49 miles
Railroad
Grand CentralLong Island Rail Road
0.31 miles
Grand CentralMetro-North Railroad
0.43 miles
Citi Bike
E 51 St & 2 Ave
0.1 miles
E 48 St & 3 Ave
0.14 miles
Turtle Bay | Manhattan
Quick Profile
Turtle Bay is best known for hosting the world’s dignitaries at United Nations once a year as the world institution sits on the eastern edge of the neighborhood along the East River.
But this midtown location offers a lot more, a bustling neighborhood teeming with high-rise apartment buildings and an easy walk to the Midtown business district.
Over the past two decades, developers have assembled almost every corner development site along Second Avenue and have built straight up. Not much left to assemble.
Some of the more glamorous, and of course most expensive, addresses are in close proximity to the United Nations. Trump World Tower, which caused a big stir with area residents, in particular, Walter Cronkite, when it was built sits just north of the United Nations Grounds.
In contrast to the proliferation of the residential highrise, Turtle Bay does have some lovely tree-lined streets between the avenues. In particular, Turtle Bay Gardens, which fronts both 48th Street and 49th Street between Third and Second Avenue has always been a haven for the rich and famous.
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.
OLR ID: 25852TH
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