Updated 6 years ago
Off Market
306 East 50th Street
Turtle Bay, Manhattan | Second Ave & First Ave
3,404 Square FeetIncome Property
$4,850,000
floors / apts4 / 3
Lot Size18'6"x80'
Built Size18'6"x48'
ZoneC1-9
Building TypeTownhouse
RE Taxes$65,156
Price Per SF
$1,425
Listing Features
- Gas Heat
Outdoor space and views
- Backyard
- Garden
- Patio
Building Amenities
- Voice Intercom
- Outdoor Parking
- Stoop Entry
Property Description for 306 East 50th Street
306 East 50th Street is a four-story townhouse located between First and Second Avenues on the cusp of Beekman Place. The building currently consists of a residential triplex with office space on the ground floor and a full-height excavated basement, and features a sprinkler system in the halls and basement. The property will be delivered vacant and ready for renovation.
The subject property is located within 100 feet of the incoming Second Avenue Subway in an area zoned C1-9 which allows for an FAR of 10. Purchasers could use some of the 11,137 square feet of additional development rights to enlarge the townhouse. The property is located just blocks from the United Nations and will benefit from new luxury condominium developments on Second Avenue and increased transportation options when the Second Avenue Subway is completed.
306 East 50th Street is the perfect purchase for a user looking for a single family home, a townhouse developer, or an embassy or organization that wants to be walking distance from the United Nations.
Listing History for 306 East 50th Street
Now
04/15/2015
POM by John F. Ciraulo
Cushman & Wakefield
2015
Building Details for 306 East 50th Street
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/3
Transit and Citi Bike
Subway
Lexington Av/53 St
0.21 miles
51 St
0.26 miles
Grand Central-42 St
0.46 miles
Railroad
Grand CentralLong Island Rail Road
0.38 miles
Grand CentralMetro-North Railroad
0.48 miles
Citi Bike
E 51 St & 2 Ave
0.06 miles
E 51 St & 1 Ave
0.12 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: 20818TH
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