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The Beekman Condominium

342 East 50th Street, 3-B

Turtle Bay, Manhattan | Second Ave & First Ave

3 Rooms1 Bed1 Bath417 Square FeetCondo

$537,000
Common Charges$433
RE Taxes$625
Price Per SF
$1,288

Listing Features

  • Exposed Brick
  • High Ceilings
  • Original Details
  • Vaulted Ceilings
  • Washer / Dryer
  • Skylights
  • Center Island
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • Pedestal Sink

Building Amenities

  • Voice Intercom

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 342 East 50th Street, 3-B

One of Midtown East's most compelling condo opportunities, this bright and distinctive one-bedroom combines exceptionally low common charges, low real estate taxes, and an investor-friendly ownership policy - a rare combination in the neighborhood.

Set within an intimate three-story prewar brownstone condominium on a quiet, tree-lined residential block, the apartment offers a warm, loft-like character highlighted by a massive skylight and vaulted ceiling that flood the main living space with natural light throughout the day.

The open kitchen is remarkably well equipped, featuring a large island/breakfast bar, stone countertops, generous cabinetry, and an impressive suite of appliances. The kitchen includes a highly energy-efficient two-burner induction cooktop with dedicated exhaust ventilation, dishwasher, refrigerator with built-in icemaker, and two microwaves - one featuring an air-fryer function for added cooking versatility. A dedicated under-counter reverse-osmosis (RO) water filtration system provides filtered drinking water right at the kitchen. In-unit washer/dryer adds another level of everyday convenience.

The quiet bedroom comfortably accommodates up to a king-size bed - as currently furnished - and offers generous closet storage. The updated full bathroom is another standout, featuring its own skylight and bringing natural light into a space where it is rarely found.

The boutique three-story condominium retains the charm and character of its prewar architecture while offering beautifully updated common areas. Ideally situated in Midtown East near the United Nations, the home is surrounded by restaurants, cafés, shopping, neighborhood conveniences, and excellent public transportation.

With unusually low carrying costs, dramatic natural light, two skylights, a vaulted ceiling, in-unit washer/dryer, a thoughtfully equipped kitchen, and flexible investor-friendly ownership, this is a unique opportunity for a primary residence, pied-à-terre, or investment property.

Please note: Select images have been virtually staged for visualization purposes to help illustrate the apartment's potential. The flooring has also been virtually presented in a light white-oak finish; the apartment's current flooring features a grey and white tone. No structural changes are represented in the staged images.

Contact me for additional details, current-condition photos, or to schedule a private showing.

Listing History for 342 East 50th Street, 3-B

Now
09/04/2026
$537,000
Initial Price by Eli Levi
Corcoran
2026

Building Details for 342 East 50th Street

OwnershipCondo
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Financing Allowed90%
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.24 miles
51 St
0.3 miles
Grand Central-42 St
0.49 miles

Railroad

Grand CentralLong Island Rail Road
0.42 miles

Citi Bike

E 51 St & 2 Ave
0.07 miles
E 51 St & 1 Ave
0.09 miles

Building Availability

APPSF
Median
Average
$1,288
$537,000
$537,000
$1,187
$495,000
$495,000
Last 12 months
$1,151
-
-

One Bed in Turtle Bay

APPSF
Median
Average
$1,380
$850,000
$959,301
$1,511
$765,000
$914,490

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.

Similar Listings in Turtle Bay

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: 115134