Updated 5 hours ago
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Alcove Studio 1 Bath510 Square FeetCondo
$499,000
Common Charges$587
RE Taxes$505
Price Per SF
$978
Listing Features
- Abundant Closets
- Custom Closets
- Ground Floor
- Dishwasher
- Microwave
- S Steel Appliances
- Stall Shower
Outdoor space and views
- Deck [400 SF]
Building Amenities
- Full-Time Doorman
- Bike Storage
- Elevator
- Garage
- Laundry Room
- Renovated Lobby
- Storage
Policies
- Pets Allowed
- Pieds A Terre Ok
Property Description for 330 East 49th Street, 1-E
CASH-FLOWING MIDTOWN EAST CONDO UNDER $500K.Offered at $499,000, Unit 1E at The Beekman East is leased on a free-market basis through July 31, 2027, giving an investor immediate income from closing without an initial vacancy or lease-up period. At the current lease rate, the property generates approximately $26,500 annually after current real estate taxes and common charges, equating to approximately 5.3% at the asking price on that basis.Beyond the numbers, the apartment offers approximately 510 square feet of interior space plus approximately 400 square feet of private outdoor space. The rebuilt weatherproof composite deck has no shared access and opens directly from the residence.Inside, the renovated alcove studio features luxury vinyl plank flooring, PTAC units, custom closets, an updated bath with glass-enclosed shower, and a kitchen with stainless steel appliances and granite countertops.Full-service, pet-friendly doorman condominium near the United Nations, Grand Central, transit, restaurants and the East River waterfront.Cash purchase only. Lease terms and complete financial details available upon request.
Listing History for 330 East 49th Street, 1-E
Now
10/08/2026
$499,000
Initial Price by Efrain Reyes
Real Broker NY LLC
2026
Building Details for 330 East 49th Street
OwnershipCondo
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built1962
Financing Allowed80%
Floors/Apts14/142
Transit and Citi Bike
Subway
Lexington Av/53 St
0.29 miles
51 St
0.33 miles
Grand Central-42 St
0.46 miles
Railroad
Grand CentralLong Island Rail Road
0.42 miles
Grand CentralMetro-North Railroad
0.49 miles
Citi Bike
E 47 St & 1 Ave
0.1 miles
E 51 St & 1 Ave
0.12 miles
AlcoveStudio in Turtle Bay
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: 1482931
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