Updated 5 days ago
In contract

Marlo Towers

301 East 48th Street, 2-M

Turtle Bay, Manhattan | Second Ave & First Ave

Alcove Studio 1 Bath630 Square FeetCo-op

$435,000
Maintenance$1,265
Price Per SF
$690

Listing Features

  • Abundant Closets
  • Separate Dining Area
  • Walk-in Closet
  • Dishwasher
  • Double Oven
  • Gourmet Kitchen
  • Microwave
  • S Steel Appliances

Outdoor space and views

  • East River
  • East Exposure
  • North Exposure
  • South Exposure

Building Amenities

  • Full Service
  • Bike Storage
  • Elevator
  • Garage
  • Laundry Room
  • Renovated Lobby
  • Roof Deck
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 301 East 48th Street, 2-M

This southeast-facing alcove studio has the feel of a one-bedroom with a partitioned sleeping area, dedicated dining area, upgraded kitchen and bathroom plus a huge walk-in closet, all for a great value in a co-op with flexible purchase rules.

The oversized stainless-steel kitchen is outfitted with a full-sized fridge, a dishwasher, custom ceiling-height cabinetry, and a breakfast bar perfect for casual dining. The flexible layout easily accommodates a separate dining area either adjacent to the kitchen or alongside the window off the living area.

At the center of the home is an expansive living room with enough space for virtually any furniture configuration, plus a large walk-in closet offering exceptional storage. The sleeping area feels quiet and tucked away, complete with built-in shelving and two additional closets.

Located in the highly desirable Marlo Towers, a full-service post-war cooperative, residents enjoy:-- Beautifully landscaped rooftop deck with pergola seating and sweeping Midtown skyline and East River views- A 24-hour doorman and concierge- Live-in superintendent - On-site garage - Laundry room - Storage (waitlist)- Bike room

Marlo Towers is perfectly positioned on a quiet Midtown East block with a florist coffee shop and a grocery store right downstairs. Moments from Grand Central, the United Nations, the East River Esplanade, and some of the neighborhood's best dining, shopping, and transportation options.

The co-op allows outstanding flexibility for the buyer, including up to 75% financing, co-purchasing, guarantors, parental purchasing, pied-à-terre ownership, and subletting. Shareholders may sublet for a maximum of two years during any six-year period. Pets are welcome with board approval.

Should you decide to move forward, we're happy to guide you through every step of the co-op board application and approval process.

Please note there is an special assessment of $274.02/ month until June 2027 for replace the mechanical systems of all three elevators, with an ongoing capital assessment of $35.40/ month.


Listing History for 301 East 48th Street, 2-M

Now
07/28/2026
Contract Signed by Yi Zhou
Douglas Elliman
05/30/2026
$435,000
Initial Price by Yi Zhou
Douglas Elliman

Building Details for 301 East 48th Street

OwnershipCo-op
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built1964
Financing Allowed75%
Floors/Apts20/192
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.26 miles
51 St
0.28 miles
Grand Central-42 St
0.41 miles

Railroad

Grand CentralLong Island Rail Road
0.36 miles
Grand CentralMetro-North Railroad
0.43 miles

Citi Bike

E 47 St & 2 Ave
0.08 miles
E 51 St & 2 Ave
0.13 miles

Contact Agents

Contact Agents

Yi Zhou
Douglas Elliman
Licensed As
Stefani Pace
Associate Broker
License#:
30PA1012673
Company:
Douglas Elliman
Stefani Pace
Douglas Elliman
View this property on the company's website

Building Availability

APPSF
Median
Average
$748
$682,500
$823,750
Last 12 months
$804
-
-
$67
$3,500
$3,500

AlcoveStudio in Turtle Bay

APPSF
Median
Average
$826
$499,000
$576,800
$885
$435,000
$430,286

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: 136670