246 East 48th Street is a truly unique property. This Turtle Bay gem is a four-unit, four-story walk-up building containing three one-bedroom units and one two-bedroom flexible unit. Situated just one building away from the corner of a very quiet block This property affords any inhabitant the ability to be steps away from the local restaurants, cafes, grocery stores, and transportation while providing a sun-filled tranquil oasis.
It is currently only owner-occupied and used as a single family residence. All apartments are free market and vacant.
Bedrooms: All bedrooms accommodate a king-sized bed and get great light.
Great Rooms: All great rooms boast over 320 square feet of usable space.
Balconies: All apartments have over 390 square feet of private south-facing outdoor space.
Roof Deck: Usable as is or can take advantage of available additional FAR.
The new owner of this property will have true almost turn-key flexibility in usage of the building/townhome.
Building Dimensions: 19 x 45
Current Square Footage: 4,473
Additional Allowable FAR: 7,500
Unused FAR: 3,000
Main Floor Apartment:
Convert to a single family townhome: Structure will easily accommodate the buildout of an elevator.
Live-in w/ rental income: Occupy the main floor with an expansive 700 square foot south-facing private garden for your enjoyment while renting the three other apartments. All of which boasts their own large south-facing balcony and bedrooms that accommodate a king-sized bed.
Pure rental cash-flow: Rent all 4 apartments
-Whole property to be delivered vacant.